Oracle Fusion Procurement Certification:1Z0-1065-20

Question 87

Identify the three business benefits provided by the Manage Approval Rules user interface ?

 

Options:

A. faster ramp-up time to set up approval rules

B. quick information search

C. support for common business requirements to route approvals based on aggregated information

D. minimal dependency on IT group for rules setup

E. ease of ordering items

 

Answer: B, C & E.

Answer Explanation: It provides quick information search & support for common business requirements to route approvals based on aggregated information.

It also helps for ease of ordering items.

 

Oracle Fusion Procurement Certification:1Z0-1065-20

Question 88

After gathering requirements from the business leads of customer organization, you have set up the Bill-to location at multiple places during Oracle Procurement Cloud implementation. Identify the source from which the purchase order defaults the Bill-to location ?

 

Options:

A. from the 'Configure Requisitioning business function'

B. from the 'Supplier site assignment' first and if it is 'Null' then from 'Common Payables and Procurement options'

C. from the 'Common Payables and Procurement options' first and if it is 'Null' then from 'Supplier site assignment'

D. from the 'Configure Procurement business function'

E. from the Business Unit setup

 

Answer: D

Answer Explanation: We can default the Bill-to location in purchase orders from the 'Configure Procurement business function'.

 

Question 89

Identify three profile options that are available in the 'Manage Purchasing Profile Options' setup and maintenance task ?

 

Option’s:

A. PO_AGRMT_LOADER_PURGE_DAYS

B. POR_DISPLAY_CATEGORY_ITEM_COUNT

C. PO_DEFAULT_PRC_BU

D. POR_DISPLAY_EBMEDDED_ANALYTICS

E. PO_DOC_BUILDER_DEFAULT_DOC_TYPE

 

Answer: A, C & E

Answer Explanation: PO_AGRMT_LOADER_PURGE_DAYS, PO_DEFAULT_PRC_BU and PO_DOC_BUILDER_DEFAULT_DOC_TYPE are the three profile options that are available in the 'Manage Purchasing Profile Options' setup and maintenance task.

Question 90

During the implementation, your customer wants to understand the key features of the two stage Request For Quotation (RFQ) available in Oracle Sourcing Cloud. Identify three features of the two-stage RFQ. (Choose three) ?

 

Options:

A. Response Visibility Open

B. Two stage Evaluation

C. Technical and Commercial Evaluation

D. Response Visibility is always Sealed

E. Open Auctions

F. Response Visibility Blind

 

 

Answer: B, C & D

Answer Explanation: 

The two-stage RFQ process involves the submission by the suppliers of a technical quote and a commercial quote. The technical quotes are opened and evaluated first to determine a list of qualified suppliers, and only then are the commercial quotes of the qualified suppliers opened and evaluated. TWO STAGE RFQ Ensure impartial judgment of supplier responses in markets that require technical and commercial evaluation of proposals to be done independently. While suppliers submit their responses as a single bid package, category managers first analyze the technical merits of the proposal while the commercial aspects of the bid remain sealed. Commercial details of bids that pass the technical evaluation are disclosed in the second evaluation phase, while the details of failed bids remain sealed. Category managers enter surrogate responses on behalf of suppliers by submitting the technical terms of the proposal during the first stage of the negotiation, and only entering the commercial terms if the first stage evaluation is successful.