Oracle Fusion Procurement Dumps
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| Oracle Fusion Procurement Dumps |
4 Key features of Oracle Fusion Procurement Dumps
Complete Oracle Fusion Procurement Dumps Question Answers:
Question 1:
Which are the two activities that a buying organization will be able to perform after it provides the supplier portal access to supplier (Select two).
Options:
a) Create negotiation flow internally on behalf of prospective suppliers.
b) Import supplier data and related entities.
c) Collect information about prospective suppliers through a self-guided registration flow.
d) Evaluate prospective suppliers by routing their registrations through a collaborative review process by using a flexible rules engine.
e) Consolidate supplier and supplier sites to clean up duplicate suppliers or support supplier acquisition’s.
Answer: C & D
Answer Explanation: Collect information about prospective suppliers through a self-guided registration flow & Evaluate prospective suppliers by routing their registrations through a collaborative review process by using a flexible rules engine.
During a Procurement Contract implementation, a customer would like to set up approvals for procurement contract documents. The customer has four departments and any contract needs to be approved by all the four department users. Identify the configuration to fulfill this requirement ?
Options:
A. Set up employee supervisor hierarchy for all four department users and add them to an approval group.
B. Set up one approval group and include the four department users with voting regime as first responder wins.
C. Set up user group for the four departments and set up individual rules for the four department users. D. Set up one approval group and include the four department users with voting regime as consensus.
Answer: D
Answer Explanation: Preapproval Header Consensus Approvals are routed in parallel for this participant. This participant is more commonly used in conjunction with approval groups. This participant requires approval from all approvers.
Question 3:
You are implementing Cloud Procurement contracts and during user acceptance testing, the user would like to create clauses in the Cloud applications similar to what were available in their legacy Contract application. Identify two ways to create clauses as per their requirement. (Choose two).
Options:
A. Manage Contract Standard Clauses, Templates, and Profiles from Functional Setup Manager.
B. Create Clauses from the Contracts work area page.
C. Manage Contract Standard Clauses from Functional Setup Manager.
D. Import Clauses from the Contracts work area page
Answer: C, D
Answer Explanation: A: You can import clauses from legacy applications by running Oracle Fusion Enterprise Scheduler (ESS) processes from the Terms Library work area by selecting the Import Clauses task or from the Setup Manager by selecting the Manage Processes task.
D: Navigate to Define Contract Terms and Clause Library Configuration and open the Manage Contract Standard Clauses, Templates, and Expert Rules task. This is not a setup and maintenance task, but a manual task that is performed from the Terms Library work area.
Question 4:
Your customer wants to use the Negotiations Online message functionality to interact with suppliers participating in a negotiation. Identify three features of the Negotiation Online message functionality ?
A. The online messages will be retained for future reference and audit trail.
B. You can send SMS to suppliers.
C. You can add attachments in the message.
D. You can do online chatting.
E. Suppliers can raise clarifications for an auction online and you can respond with answers online.
Answer: A, C & E
Answer Explanation: C: The Attachments Flag is a flag that indicates the presence of an attachment that can be downloaded online.
E: Category Manager may receive inquiries from a supplier asking for clarification about a negotiation requirement or line attribute. The Category Manger pauses the negotiation while she is conducting a discussion with the supplier.
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| Oracle Fusion Procurement Dumps |
Question 5:
Five requisition lines of a single requisition document are available to process on to purchase order. But the buyer returned one requisition line to the requester for quantity modification.
What will be the effect of this action on the remaining four requisition lines?
Options:
A. They will be put on hold until the requester resubmits the returned line with the correct quantity.
B. They will also get returned to the requester.
C. They will be in the "withdrawn" status.
D. They will be available to process on to purchase order.
E. They will get canceled.
Answer: A
Answer Explanation: How can I reject individual items on a multi-item requisition?
You cannot selectively approve or reject individual items. You can edit the requisition to add or delete items, modify requisition quantity, and then approve the requisition. If the approver needs to reject specific lines on the requisition, the approver should reject the entire requisition. The approver can include comments on the worklist task to highlight the rejection reason. The preparer then needs to update the requisition and resubmit it for approval.
Question 6:
During the User acceptance testing of your Cloud Procurement implementation, a user has created a purchase order and is trying to submit the purchase order for approval. On clicking Submit, the user gets a "Funds check failed" error.
Identify the cause of this error.
Options:
A. Funds are available but the approver is not set up as "Budget Manager" for the selected budget for the business unit.
B. Funds are insufficient and budget type is "Track".
C. Funds are insufficient and budget type is "Absolute".
D. Funds are insufficient and budget type is "Advisory".
Answer: C
Answer Explanation: The options for budgetary control settings are as follows: Absolute, Advisory, end None
Absolute: If Absolute is entered, the transaction is rejected unless funds are available.
Advisory: If Advisory is entered, the transaction is approved even when no funds or insufficient funds are available.
None: If None is entered, all transactions are approved and there is no funds check.
Your customer is implementing Oracle Procurement Cloud applications with multiple Requisition Business Units. Each Business Unit has employees who need the ability to create requisitions. The customer does not want all employees in the organization to be able to create requisitions using the self-service application; however, they should be able to search for information (for example, contact details) relating to other employees.
To restrict certain employees from being able to create requisitions, identify the inherited role that must be removed from the seeded Employee role ?
Options:
A. Procurement Administrator
B. Employee
C. Procurement Preparer
D. Contingent Worker
E. Procurement Requester
Answer: E
Answer Explanation:
An internal supplier registration can come from one of the following three flows:
Sourcing Invitation: Supplier can be invited to register from a sourcing negotiation.
Internal Supplier Request: Supplier can be invited to register by a supplier administrator.
Self Service Procurement: Supplier requested by a procurement requester
During a Procurement Contract implementation, a customer would like to set up approvals for procurement contract documents. The customer has four departments and any contract needs to be approved by all the four department users. Identify the configuration to fulfill this requirement ?
Options:
A. Set up employee supervisor hierarchy for all four department users and add them to an approval group.
B. Set up one approval group and include the four department users with voting regime as first responder wins.
C. Set up user group for the four departments and set up individual rules for the four department users. D. Set up one approval group and include the four department users with voting regime as consensus.
Answer: D
Answer Explanation: Preapproval Header Consensus Approvals are routed in parallel for this participant. This participant is more commonly used in conjunction with approval groups. This participant requires approval from all approvers.
Question 9:
While creating a contract purchase agreement, a buyer tries to add a contract template to it, but the list of values (LOV) is empty.
Find out the three potentials reasons for this issue.
Options:
a) The document type associated with the contract template is ‘Purchase Order’.
b) The document type associated with the contract template is ‘Contract Purchase Agreement’..
c) The contract template is in ‘approved’ status.
d) The document type associated with the contract template is ‘Blanket Purchase Agreement’.
e) The contract templated is not ‘Approved’.
f) The document type associated with the contract template is ‘Contract Purchase Agreement’.
Answer: A, D & E
Answer Explanation: The document type associated with the contract template is ‘Purchase Order’ , The document type associated with the contract template is ‘Blanket Purchase Agreement’ an the contract templated is not ‘Approved’.
Question 10:
In Oracle Transaction business Intelligence (OTBI), Which subject area should you use to report on spend for purchase orders and their associated requisitions?
Options:
a) Procurement- Spend.
b) Procurement- Requisitions real time.
c) Procurement- Purchasing real time.
d) Procurement- Procure to Pay real time.
Answer: D
Answer Explanation: Procurement- Procure to Pay real time subject area we need to use to report on spend for purchase orders and their associated requisitions.
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