Oracle 1z0-1065-23 Oracle Fusion Cloud Procurement 2023 Implementation Professional Exam Practice Test

To access the Responsive Self Service Procurement application from the navigator or the springboard on all form factors, you need to complete the Elastic search setup after opting in. Elastic search is a smart search engine that provides fast and accurate results for catalog items and services. It also supports features such as auto-suggest, spell check, and synonym search. You can configure the Elastic search settings in the Manage Search Indexes task in the Setup and Maintenance work area.

References:

• Get Started with the Responsive Self Service Procurement Application
• How You Configure Oracle Procurement for the Responsive Self Service Procurement Application Use
• Responsive Self Service Procurement Application

To select the attributes to be monitored for a supplier model, you use the Manage Audit Policies task in the Setup and Maintenance work area. This task allows you to enable auditing for various business objects, such as suppliers, supplier sites, supplier contacts, and supplier bank accounts. You can also select the attributes of each business object that you want to audit, such as supplier name, address, tax number, and so on. By enabling auditing, you can track the changes made to the supplier model and generate audit reports to protect against fraud.

References:

• Overview of Audit Configuration, Section 2.1: “Enable Auditing for Business Objects”
• Supplier Profile Audit History Setup and Reporting, Section 1: “Supplier Profile Audit History Setup and Reporting”

When you set the Overall Ranking Method to Composite scoring, you can assess suppliers on both pricing and qualitative aspects. Qualitative aspects include requirements such as technical capabilities, other commercial considerations, or risk. You can assign weights to requirement sections, including pricing, and calculate a composite score for each supplier based on their response amount and requirement scores. The composite score is a combination of the relative score for pricing and the weighted requirement score. The higher the composite score, the higher the overall rank. This way, you can rank suppliers not just based on the best pricing offered, but also on how well they meet your requirements.

References:

• Rank Suppliers Based on Composite Score of Pricing and Requirements1
• Oracle Supplier Negotiations2

This option enables the customer to require any approved requisition to be reapproved whenever a buyer updates a catalog requisition line during requisition processing. This ensures that any changes made by the buyer are reviewed and approved by the appropriate authority before the requisition is converted to a purchase order.

References:

• Considerations for Setting Up Requisition Approval Task: This document explains the preconfigured requisition approval elements and how to configure requisition approval rules using the Manage Requisition Approvals task.
• Overview of Managing Approvals and Notifications: This document provides an overview of the approval management framework and the approval rules management for procurement. It also describes the employee supervisor hierarchy approval rules and the user-defined attributes assignments and routing.

The Supplier Administrator job role is the only one that can provision user accounts to their own employees in the Supplier Portal. This role allows the supplier contact to manage supplier profile and user provisioning, as well as perform other tasks related to supplier master data, supplier qualification, and supplier registration. The other job roles do not have the privilege to create or modify supplier user accounts.

References:

• Oracle Fusion Supplier Portal Important Roles
• Supplier Administrator (Abstract Role)
• Supplier Portal Job Roles and Tasks

To create an Inventory Organization to receive procurement transactions, you can follow these steps:

• Navigate to the Setup and Maintenance work area and search for the Manage Inventory Organizations task.
• Click on the Go to Task icon to open the Manage Inventory Organizations page.
• Click on the Create icon to create a new inventory organization.
• Enter the following information in the Create Inventory Organization dialog box:
• Click on the Save and Close button to save the inventory organization.

You have successfully created an inventory organization to receive procurement transactions. You can verify the inventory organization details by searching for it in the Manage Inventory Organizations page. For more information on how to create and manage inventory organizations, you can refer to the Inventory Organizations document.

Or use the following steps:Following the scenario, we need to create a new Inventory Organization in Oracle Procurement Cloud named "PRCXX Organization" (replace xx with 01) to receive procurement transactions.

Here are the steps to create the Inventory Organization:

• Navigate to Manage Inventory Organizations:
• Create the Inventory Organization:
• Enter the Inventory Organization Information:
• Define Item Sourcing Details:
• Save the Inventory Organization:

Verification:

• The Inventory Organization "PRCXX Organization" (replace xx with 01) should now be listed in the Manage Inventory Organizations page.
• You can verify the details of the organization by clicking on it.
• The linked Business Unit, Legal Entity, Location, Item Master Organization, Item Grouping Behavior, and Schedule should be displayed as specified above.
• Additionally, the Item Sourcing Details should reflect the defined values for picking, lead time, subinventory, and shipping rules.

Additional Notes:

• Make sure to replace "xx" with your allocated User ID (01) in both the Inventory Organization name and code for consistent naming convention.
• The Item Master Organization defines the organization responsible for managing item information.
• The Item Grouping Behavior determines how items are grouped for inventory purposes.
• The Schedule defines the calendar used for scheduling inventory transactions.
• Carefully review and configure the Item Sourcing Details to ensure proper receipt and fulfillment of procurement transactions within your organization.

To create a new Purchasing Line Type, you can follow these steps:

• Navigate to the Setup and Maintenance work area and search for the Manage Purchasing Line Types task.
• Click on the Go to Task icon to open the Manage Purchasing Line Types page.
• Click on the Create icon to create a new line type.
• Enter the following information in the Create Line Type dialog box:
• Click on the Save and Close button to save the line type.

You have successfully created a new Purchasing Line Type. You can verify the line type details by searching for it in the Manage Purchasing Line Types page. For more information on how to define and use line types, you can refer to the Defining Line Types (Oracle Purchasing Help) document.

Or use the following:

Following the scenario, we need to create a new Purchasing Line Type in Oracle Procurement Cloud named "PRCXX Computer Goods" (replace xx with 01) for purchasing computer supplies.

Here are the steps to create the Purchasing Line Type:

• Navigate to Manage Purchasing Line Types:
• Create the Purchasing Line Type:
• Enter the Purchasing Line Type Information:
• Map Accounts:
• Save the Purchasing Line Type:

Verification:

• The Purchasing Line Type "PRCXX Computer Goods" (replace xx with 01) should now be listed in the Manage Purchasing Line Types page.
• You can verify the details of the line type by clicking on it.
• The purchase basis, product type, category, unit, and mapped accounts should be displayed as specified above.

Additional Notes:

• Make sure to replace "xx" with your allocated User ID (01) in both the Purchasing Line Type name and code for consistent naming convention.
• Mapped accounts define where the financial transactions associated with this line type will be posted in the General Ledger.
• Carefully review the mapped accounts to ensure they are aligned with your organization's accounting practices.

To define a Procurement Agent, you can follow these steps:

• Navigate to the Setup and Maintenance work area and search for the Manage Procurement Agents task.
• Click on the Go to Task icon to open the Manage Procurement Agents page.
• Click on the Create icon to create a new procurement agent.
• Enter the following information in the Create Procurement Agent dialog box:
• Click on the Save and Close button to save the procurement agent.

You have successfully defined a procurement agent. You can verify the procurement agent details by searching for it in the Manage Procurement Agents page. For more information on how to define and manage procurement agents, you can refer to the Define Procurement Agents (Oracle Fusion Cloud Procurement Implementation Guide) document.

Or the following steps:

Following the scenario, we need to define you (Student, PRCXX) as a Procurement Agent with access to manage procurement transactions in the US1 Business Unit.

Here are the steps to define the Procurement Agent:

• Navigate to Manage Procurement Agents:
• Create the Procurement Agent:
• Enter the Procurement Agent Information:
• Save the Procurement Agent:

Verification:

• You should now be listed as a Procurement Agent in the Manage Procurement Agents page.
• You can verify your assigned actions and Business Units by clicking on your record.
• You should be able to create and manage procurement transactions within the US1 Business Unit.

Additional Notes:

• Make sure to replace "xx" with your allocated User ID (01) in the Agent field for accurate identification.
• Selecting "Use Defaults" assigns all standard procurement actions to you. You can customize these actions later if needed.
• Remember that your access level and permissions within the Procurement module will be determined by your Procurement Agent role and associated Business Units.

To create a new Business Unit for your purchasing organization, you can follow these steps:

• Navigate to the Setup and Maintenance work area and search for the Manage Business Unit task.
• Click on the Go to Task icon to open the Manage Business Unit page.
• Click on the Create icon to create a new business unit.
• Enter the following information in the Create Business Unit dialog box:
• Click on the Save and Close button to save the business unit.

You have successfully created a new business unit for your purchasing organization. You can verify the business unit details by searching for it in the Manage Business Unit page.

Or use the following Steps:Following the scenario, we need to create a new Business Unit in Oracle Procurement Cloud for your purchasing organization and assign the previously created location in Redwood City, CA.

Here are the steps to create the Business Unit:

• Navigate to Manage Business Units:
• Create the Business Unit:
• Enter the Business Unit Information:
• Save the Business Unit:

Verification:

• The Business Unit "PRCXX Business Unit" (replace xx with 01) should now be listed in the Manage Business Units page.
• You can verify the details of the business unit by clicking on it.
• The default location and set should be displayed as "PRCXX Location" (replace xx with 01) and "USLOCS," respectively.

Additional Notes:

• Make sure to replace "xx" with your allocated User ID (01) in both the Business Unit name and code for consistent naming convention.
• Assigning the US Location Set to the Business Unit ensures that it inherits the legal entities, accounts, and other context information from that set.