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Oracle 1z1-470 Exam Syllabus Topics:

SectionObjectives
Self Service Procurement- Approval workflows and requisition processing
- Requisitions and shopping catalogs
Procurement Configuration and Integration- Integration with Oracle Financials and Inventory
- Setup tasks and enterprise structure alignment
Sourcing and Agreements- Blanket purchase agreements and contracts
- RFQs and sourcing negotiations
Introduction to Oracle Fusion Procurement- Business flow and procurement lifecycle
- Procurement Cloud overview and key concepts
Supplier Management- Supplier qualification and profiles
- Supplier setup and maintenance
Purchasing- Purchase orders creation and management
- Purchase order lifecycle and amendments

Oracle Fusion Procurement 2014 Essentials Sample Questions:

Question 1

You want Supplier Accounts to be created by external supplier users in Supplier Portal. Which Supplier Registration option would allow this?

A. Internal Supplier Registration
B. External Supplier Registration
C. Discrete Supplier Registration
D. Global Supplier Registration


Question 2

Your customer tells you that when they cancel a Purchase Order, the requisition referring to that Purchase Order should also be automatically canceled. Identify the setup that needs to be performed to fulfill this requirement.

A. In the "Configure Requisitioning Business Function" task, set the "Cancel Backing Requisitions" value to Always.
B. In the "Configure Requisitioning Business Function" task, set the "Cancel Backing Requisitions" value to Never.
C. In the "Configure Procurement Business Function" task, select the "Allow Item Description Update" check box.
D. In the "Configure Requisitioning Business Function" task, select the "Create orders immediately after requisition import" check box.
E. Automatic cancellation of requisition is not possible. Therefore, the customer must manually cancel the requisition after canceling the Purchase Order.


Question 3

Identify three application standard lookups that are available in the Setup and Maintenance task list "Define Supplier Configuration".

A. Minority Group Lookup
B. Manage FOB Lookup
C. Manage Requirement Section Lookup
D. Business Classification Lookup
E. Tax Organization Type Lookup
F. Manage Freight Terms Lookup


Question 4

Which option would the application first lookatto default the Location field in the Purchase Order Line?

A. "Requisitioning Business FunctionConfiguration" task of the Requisitioning BU.
B. Purchase Order Header
C. Supplier site assignment record of the supplier site in the RequisitioningBU.
D. BU assignment record of the source agreement that corresponds to the Requisitioning BU


Question 5

Identify the functionality of Self Service Procurement that allows a Requester a 360-degree view of any purchasing document, such as a Requisition or PO.

A. Manage Life Cycle
B. Manage Train Stops
C. Workflow administration
D. View Full Details
E. View pdf


Solutions:

Question 1
Answer: B
Question 2
Answer: A
Question 3
Answer: A,D,E
Question 4
Answer: B
Question 5
Answer: A

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