1z0-1065-23 Exam Preparation Material with New 1z0-1065-23 Dumps Questions
1z0-1065-23 2024 Training With 33 QA's
Oracle 1z0-1065-23 Exam Syllabus Topics:
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NEW QUESTION # 15
You want to process negotiations with hundreds of lines.
Which two options in Sourcing enable you to process large negotiations?
- A. Integration with Purchasing to generate purchasing documents
- B. Proxy-bidding
- C. Award lines spreadsheet
- D. Invite additional suppliers post publish
- E. file-based data import (FBDI)
Answer: C,E
Explanation:
Explanation
To process negotiations with hundreds of lines, you can use the file-based data import (FBDI) and the award lines spreadsheet options in Sourcing. The FBDI option allows you to import a large number of negotiation lines using a MS Excel template and a background process. You can also update or delete existing lines using the same option. The award lines spreadsheet option allows you to export the negotiation lines to a MS Excel file, where you can enter the award decisions and amounts. You can then import the file back to the application using a background process to complete the award.
References:
How You Create Large Negotiations, Section 1: "How You Create Large Negotiations" Award Negotiations Using Spreadsheet, Section 1: "Award Negotiations Using Spreadsheet"
NEW QUESTION # 16
In the application, you can now view negotiation details for Purchase Orders and Purchase Agreements created as negotiation award outcomes.
Which tool should you use to make the field available?
- A. Structure Composer
- B. Application Composer
- C. Appearance Composer
- D. Page Composer
- E. Workflow Composer
Answer: D
Explanation:
Explanation
Page Composer is a tool that you can use to customize the user interface of Oracle Fusion Cloud Procurement applications by adding, removing, or rearranging fields on pages. You can also modify the properties and styles of the fields, and add flex fields and hyperlinks. To make the negotiation details field available for Purchase Orders and Purchase Agreements, you can use Page Composer to edit the page layout and add the field from the source pane. You can also specify the conditions and expressions for displaying the field.
References:
Modify the Requisitions Page Layout Using Page Composer, Section 1: "Modify the Requisitions Page Layout Using Page Composer" Page Composer, Section 1: "Page Composer"
NEW QUESTION # 17
Challenge 7
Manage Qualification Areas
Scenario
Your procurement organization needs to group and organize qualification questions into a hierarchical structure.
Task
Create an active Qualification Area to hold the qualification question created previously, where:
. Name of the area is PRCXX Area 1 (Replace xx with 01, which is your allocated User ID.)
. Description references company history
. Owning procurement BU is US1 Business Unit
Expiration period is 10 days
. Questions and outcomes contain three options: Excellent, Average, Poor
Answer:
Explanation:
See below in Explanation for each Step.
Explanation
Task 7: Create a Qualification Area for Supplier Questions
Following the scenario, we need to create a new Qualification Area in Oracle Procurement Cloud named
"PRCXX Area 1" (replace xx with 01) to organize the previously created supplier question.
Here are the steps to create the Qualification Area:
Navigate to Manage Qualification Areas:
Go to the Global Navigation Menu.
Click on Procurement.
Click on Setup and Maintenance.
Click on Supplier Qualification.
Click on Areas.
Create the Qualification Area:
Click on the Create icon (+ icon).
Enter the Qualification Area Information:
Name: Enter "PRCXX Area 1" (replace xx with 01).
Description: Enter a brief description, such as "Company History and Experience".
Owning Procurement BU: Select "US1 Business Unit".
Expiration Period: Enter "10" in the Days field. This defines how long a supplier's responses will be valid before requiring re-evaluation.
Default Qualification Owner: (Optional) Select a user who will be automatically assigned as the owner for newly created qualifications associated with this area.
Active: Select "Yes" to activate the area.
Add Qualification Questions:
Click on the Questions and Outcomes icon.
Select the previously created supplier question "PRCXX Q1" (replace xx with 01).
Click on the Add icon (+ icon) to add it to the area.
Define Outcomes:
Click on the Outcomes tab.
Click on the Create icon (+ icon) to define possible outcomes for the area.
Enter three outcome options:
Excellent
Average
Poor
Assign a score or weight to each outcome if desired.
Save the Qualification Area:
Click on the Save button.
Verification:
The Qualification Area "PRCXX Area 1" (replace xx with 01) should now be listed in the Manage Qualification Areas page.
You can verify the area details, description, and associated supplier question by clicking on it.
The owning procurement BU, expiration period, default owner, active status, and defined outcomes should be displayed as specified above.
Additional Notes:
Make sure to replace "xx" with your allocated User ID (01) in the area name for consistent naming convention.
The expiration period determines how often suppliers need to update their information for this area.
Adding a default qualification owner simplifies the assignment process for new qualifications.
Defining outcomes allows you to evaluate the responses to the qualification questions and assign scores or weights based on their performance.
NEW QUESTION # 18
Your customer requires any approved requisition to be reapproved whenever a buyer updates a catalog requisition line during requisition processing.
How must they set this up?
- A. Configure the PO Approval rule in such a way that buyer-modified requisition lines will go for approval again.
- B. After requisition modification, a buyer needs to reassign the requisition line to the requisition authority for approval.
- C. Configure a Requisition Approval rule to include the "Approval required for buyer modified lines'' condition.
- D. In the Configure Requisitioning Business Function task, select "Approval required for buyer modified lines".
Answer: D
Explanation:
Explanation
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.
NEW QUESTION # 19
Manage Locations
Scenario:
Your organization, headquartered in Redwood City, CA, zip code 94065, is implementing Oracle Procurement Cloud.
Task1
Create a Location for your purchasing headquarters, where:
. Location is linked to US Location Set
. Name of the location is PRCXX Location (Replace xx with 01, which is your allocated User ID.)
. Location code is PRCXXLOC (Replace XX with 01, which is your allocated User ID.)
Address line is 1000 Main St
. Location is active
Answer:
Explanation:
See below in Explanation for each Step.
Explanation
To create a location for your purchasing headquarters, you can follow these steps:
Navigate to the Setup and Maintenance work area and search for the Manage Locations task.
Click on the Go to Task icon to open the Manage Locations page.
Click on the Create icon to create a new location.
Enter the following information in the Create Location dialog box:
Location Set: US Location Set
Name: PRC01 Location
Code: PRC01LOC
Address Line 1: 1000 Main St
City: Redwood City
State: CA
Postal Code: 94065
Country: United States
Check the Active check box to make the location active.
Click on the Save and Close button to save the location.
You have successfully created a location for your purchasing headquarters. You can verify the location details by searching for it in the Manage Locations page.
OR use the following:Following the scenario, we need to create a Location in Oracle Procurement Cloud for your purchasing headquarters in Redwood City, CA, with the following details:
Location Set: US Location Set
Name: PRCXX Location (Replace xx with 01)
Code: PRCXXLOC (Replace xx with 01)
Address: 1000 Main St, Redwood City, CA, 94065
Status: Active
Here are the steps to create the location:
Navigate to Manage Locations:
Go to the Global Navigation Menu.
Click on Workforce Structures.
Click on Locations under My Client Groups.
Create the Location:
Click on the Create icon (+ icon).
Enter the Location Information:
Location Set: Select "US Location Set" from the dropdown list.
Name: Enter "PRCXX Location" (replace xx with 01).
Code: Enter "PRCXXLOC" (replace xx with 01).
Address:
Enter "1000 Main St" in Address Line 1.
Enter "Redwood City" in the City field.
Select "CA" from the State dropdown list.
Enter "94065" in the Postal Code field.
Status: Select "Active" from the dropdown list.
Save the Location:
Click on the Save button.
Verification:
The Location "PRCXX Location" (replace xx with 01) should now be listed in the Manage Locations page.
You can verify the details of the location by clicking on it.
NEW QUESTION # 20
To streamline negotiation communication between your organization and your suppliers, you have opted in to the Share Enterprise Contracts feature in Supplier Portal.
Under which three conditions can you access this feature?
- A. The contract is of Buy intent.
- B. The contract is in Draft status.
- C. The contract is in Active status.
- D. The contract is in Under amendment status.
- E. The contract is of Sell intent.
Answer: A,B,C
Explanation:
Explanation
The Share Enterprise Contracts feature in Supplier Portal allows you to share contracts with your suppliers and collaborate on contract terms and deliverables. You can access this feature under the following conditions:
The contract is in Active status: This means that the contract has been approved and accepted by both parties and is ready for execution. You can share the contract with your supplier to monitor the contract fulfillment and performance1.
The contract is of Buy intent: This means that the contract is a procurement contract that governs the purchase of goods or services from a supplier. You can share the contract with your supplier to negotiate the contract terms and conditions2.
The contract is in Draft status: This means that the contract has been created but not yet submitted for approval. You can share the contract with your supplier to solicit feedback and input on the contract content3.
References:
Share Contracts, Section 1: "Share Contracts"
Overview of Procurement Contracts, Section 1: "Overview of Procurement Contracts" Create Procurement Contracts, Section 1: "Create Procurement Contracts"
NEW QUESTION # 21
Which seeded role must be associated with a supplier user account for the supplier to be able to respond to invited negotiations?
- A. Supplier Customer Service Representative
- B. Supplier Contract Manager
- C. Supplier Bidder
- D. Supplier Sales Representative
- E. Supplier Self Service Administrator
Answer: C
Explanation:
Explanation
The seeded role that must be associated with a supplier user account for the supplier to be able to respond to invited negotiations is Supplier Bidder. This role grants the supplier user the ability toview and respond to negotiations, create and manage responses, and view award decisions. The other roles are not relevant for this purpose.
References:
Supplier Administrator (Abstract Role) - Oracle, section "Supplier Bidder (Abstract Role)".
Set Up Supplier Roles - Oracle, section "Supplier Bidder Role".
NEW QUESTION # 22
To improve usability and reduce errors, you have set a default negotiation template for each document type when creating or editing a negotiation style.
This feature is always enabled but you do not always see the template that was set on the negotiation style defaulting in.
What could be two reasons for this?
- A. It is a public template.
- B. It is a global template and the negotiation is created in the same BU as the template.
- C. The template is active at the time of creating the negotiation.
- D. It is a private template where only the template owner can use it.
- E. The template is inactive at the time of creating the negotiation.
Answer: D,E
Explanation:
Explanation
The default negotiation template for each document type is only applied when creating or editing a negotiation style if the template is active and public. If the template is inactive or private, the template will not be defaulted in. Therefore, the two reasons why you do not always see the template that was set on the negotiation style defaulting in are:
The template is inactive at the time of creating the negotiation. An inactive template cannot be used for creating or editing negotiations, and it will not be displayed in the list of available templates. You need to activate the template before you can use it as a default template.
It is a private template where only the template owner can use it. A private template is only visible and accessible to the user who created it, and it will not be shared with other users. You need to make the template public if you want to use it as a default template for all users.
References:
Create a Negotiation Template, section "Create a Negotiation Template", subsection "Default Negotiation Template".
Oracle Supplier Negotiations, section "Create Negotiations", subsection "Create Negotiations: Default Negotiation Template".
NEW QUESTION # 23
In the application, you can now view negotiation details for Purchase Orders and Purchase Agreements created as negotiation award outcomes.
Which tool should you use to make the field available?
- A. Structure Composer
- B. Application Composer
- C. Appearance Composer
- D. Page Composer
- E. Workflow Composer
Answer: D
Explanation:
Explanation
Page Composer is a tool that you can use to customize the user interface of Oracle Fusion Cloud Procurement applications by adding, removing, or rearranging fields on pages. You can also modify the properties and styles of the fields, and add flex fields and hyperlinks. To make the negotiation details field available for Purchase Orders and Purchase Agreements, you can use Page Composer to edit the page layout and add the field from the source pane. You can also specify the conditions and expressions for displaying the field.
References:
Modify the Requisitions Page Layout Using Page Composer, Section 1: "Modify the Requisitions Page Layout Using Page Composer" Page Composer, Section 1: "Page Composer"
NEW QUESTION # 24
Challenge 6
Manage Supplier Questions
Scenario
Your procurement organization needs to create a Qualification Question that will be communicated to potential suppliers as part of an onboarding process.
Task
Create an active Qualification Question, where:
. Name of the question is PRCXX Q1 (Replace xx with 01, which is your allocated User ID.)
. Question level and responder type is Supplier
Question type is multiple choice with single selection
. Question text contains, "How many years you have been in business?"
. Acceptable response text has three options: 0, 3, and 10
Answer:
Explanation:
See below in Explanation for each Step.
Explanation
Task 6: Create a Qualification Question for Suppliers
Following the scenario, we need to create a new Qualification Question in Oracle Procurement Cloud named
"PRCXX Q1" (replace xx with 01) to assess potential suppliers' years in business.
Here are the steps to create the Qualification Question:
Navigate to Manage Supplier Qualification Questions:
Go to the Global Navigation Menu.
Click on Procurement.
Click on Setup and Maintenance.
Click on Supplier Qualification.
Click on Questions.
Create the Qualification Question:
Click on the Create icon (+ icon).
Enter the Qualification Question Information:
Name: Enter "PRCXX Q1" (replace xx with 01).
Question Level: Select "Supplier".
Responder Type: Select "Supplier".
Question Type: Select "Multiple Choice - Single Select".
Question Text: Enter "How many years have you been in business?".
Required: (Optional) Select "Yes" if suppliers must answer this question.
Active: Select "Yes" to activate the question.
Define Acceptable Responses:
Click on the Add icon (+ icon) to add new response options.
Enter the following response options:
0
3
10
Save the Qualification Question:
Click on the Save button.
Verification:
The Qualification Question "PRCXX Q1" (replace xx with 01) should now be listed in the Manage Supplier Qualification Questions page.
You can verify the question details and acceptable responses by clicking on it.
The question level, responder type, question type, text, required status, and active status should be displayed as specified above.
The acceptable responses should include 0, 3, and 10 years.
Additional Notes:
Make sure to replace "xx" with your allocated User ID (01) in the question name for consistent naming convention.
Selecting "Multiple Choice - Single Select" limits suppliers to choosing one answer.
You can add additional acceptable responses if needed.
Activating the question makes it visible to suppliers during the qualification process.
NEW QUESTION # 25
During a discussion about your implementation, your client mentioned that they negotiate credits for equipment trade-ins.
How can you create this in the application?
- A. Create a document style that supports credit lines.
- B. Create a requisition with a negative line.
- C. Create an agreement with a credit line.
- D. Create a purchase order template that supports credit lines.
Answer: A
Explanation:
Explanation
A document style is a template that defines the layout and content of a purchasing document, such as a purchase order, a purchase agreement, or a requisition. You can create a document style that supports credit lines, which are purchase order lines with a negative amount to record credits to the ordered amount that you have negotiated with your supplier. For example, you can use a credit line to represent credit for an equipment trade-in. You can also specify other attributes for the documentstyle, such as the line types, the change order policies, the approval rules, and the communication methods.
References:
How You Create Purchase Order Lines with Negative Amounts
How You Enable Creation of Purchase Order Lines with Negative Amounts
Create Supplier Contracts from Negotiation Award
NEW QUESTION # 26
When creating a negotiation, the category manager wants to send it to all supplier contacts for a supplier.
Which is the most efficient way to achieve this?
- A. Create the negotiation by using a negotiation style with the appropriate supplier control selected.
- B. Create a negotiation and send it to the supplier bidder contact for forward distribution.
- C. Create a negotiation and add each supplier contact to it.
- D. Create a negotiation by using a negotiation template with each supplier contact added.
Answer: A
Explanation:
Explanation
The most efficient way to send a negotiation to all supplier contacts for a supplier is to use a negotiation style that has the supplier control option of "All supplier contacts" enabled. This option allows you to automatically include all the contacts associated with a supplier when you add the supplier to the negotiation. You do not need to manually add each contact or rely on the supplier bidder contact to forward the negotiation. You can also create a negotiation template with this option enabled and use it to create a negotiation.
References:
Examples of Negotiation Controls, Section 1: "Examples of Negotiation Controls", Subsection:
"Supplier Controls"
Create Supplier Negotiations from Template, Section 1: "Create Supplier Negotiations from Template"
NEW QUESTION # 27
In Sourcing, on which option is the ranking based when you set Overall Ranking Method to "Composite scoring"?
- A. Assess suppliers on both pricing and internal cost factors.
- B. Assess suppliers on both pricing and qualitative aspects.
- C. Assess suppliers on both pricing and external cost factors.
- D. Assess suppliers on both pricing and supplier eligibility.
Answer: B
Explanation:
Explanation
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
NEW QUESTION # 28
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