[Aug 06, 2022] Fully Updated Inventory Management Cloud (1Z0-1073-21) Certification Sample Questions [Q14-Q34]

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[Aug 06, 2022] Fully Updated Inventory Management Cloud (1Z0-1073-21) Certification Sample Questions

Latest Oracle 1Z0-1073-21 Real Exam Dumps PDF

QUESTION 14
Which three values are applicable for the profile option – “Transaction Processing Mode” for subinventory transfer and interorganization transfer? (Choose three.)

Background Processing

Blind Processing

Online Processing

Offline Processing

Sequential Processing

Concurrent Processing

QUESTION 15
Which attribute value allows usage of common inventory for project specific demand?

Allow use of common supplies : No andHard Pegging Level : Project Group

Allow use of common supplies : Null and Hard Pegging Level : Project Group

Allow use of common supplies : No and Hard Pegging Level : Project and Task

Allow use of common supplies : Null and Hard Pegging Level: None

QUESTION 16
A supply request has been received in supply chain orchestration. Both organizations belong to the same legal entity and they do not have a buy-sell relationship between them.
Which type of execution document can fulfill the supply request?

Sales Order

PurchaseRequisitions

Purchase Order

Transfer Order

QUESTION 17
Supply ChainFinancial Orchestration supports which three things? (Choose three.)

Separate physical movement from financial flow.

The user interface gives you the status of the orchestration transactions item serial numbers.

Resource transactions are interfaced directly from Manufacturing.

Configuration to define cost-based, document-based support for third-party transfer pricing rules.

Infrastructure and framework to define the financial trade and physical flows independently.

QUESTION 18
Your client wants certain inventory items of high importance to be counted periodically to improve the average level of inventory accuracy.
What type of counting would you recommend?

Serialized Count

ManualCount

Cycle Count

Zero Quantity Count

Blind Count

QUESTION 19
Your customer is setting up serial control. The requirement is that if item A has serial 123, then they do not want item B to also have serial 123 within thesame inventory organization.
Which serial control setting must be used to meet this requirement?

Unique within items

Unique across Enterprise

Unique across organizations

Unique within organization

Unique within Item and organization

QUESTION 20
Which three statements about project specific picking process are correct? (Choose three.)

Shipment lines with project task can be created in shippingorganization not enabled for projects.

Picks can be searched by project and task number.

Pick release of movement request allocates common inventory prior to project specific inventory.

Picks with same project and task can be grouped to single pick slip.

QUESTION 21
You face a supply request exception due to some reason. You realize that youneed to make some changes to the Manage Supply Request Exceptions page.
Which action will you perform?

Update the supply request and submit it. The errors will be resolved automatically.

The supply request can be updated using a third-partyapplication only.

Update the supply request and make sure errors are resolved before resubmitting it.

The supply request cannot be updated. The only way is to resolve the error in the source application and resubmit the request.

QUESTION 22
Which three statements are true regarding Managing Units of Measure? (Choose three.)

Conversions between classes are unique for each item, the conversion rate varies for intraclass unit of measure.

A unit of measure standard conversion specifies the conversion factor by which the unit of measure is equivalent to the unit of measure class.

A unit of measure conversion is a mathematical relationship between two different units of measure.

If you want to transact items in units of measure that belong to classes other than their primary UOM class, you must define conversions between the base units of measure in different UOM classes.

You must define Unit of measure class with a base unit of measure.

QUESTION 23
Your client is about to define their primary ledger.
Which set of three primary attributes do they need to know in order to complete this?

Chart of Accounts, Description, andAccounting Method

Chart of Accounts, Ledger Balance, and Accounting Method

Chart of Accounts, Accounting Calendar, and Currency

Currency, Description, and Accounting Method

QUESTION 24
Your customer decides to implement Cloud Procurement and Inventory. While discussing with your customer,you come to know that they have a business that spans across multiple locations and they have warehouses situated across USA and Canada.
1.All their procurement, payables, and distribution activities take place from USA.
2.They have a central warehousein USA and after the goods are delivered to this warehouse, they are distributed across multiple additional warehouses. The warehouses are managed separately from the requisitioning units.
3.For requesting material they have two units. One located in USAthat monitors the current stock. They are responsible for creating requisition for any material shortage in USA. They have another location in Canada for requesting material.
Which setup fulfills this scenario?

BU1: USA – as procurement business unit(BU) BU2: Canada – as requisitioning business unit BU3:
USA – as requisitioning business unit
Define Service provider relationship where Canada procurement business unit serves as procurement and payables service provider for only Canada requisitioning Business Unit

BU1: USA – as procurement business unit (BU) BU2: Canada – as requisitioning business unit BU3:
USA – as requisitioning business unit
Define Service provider relationship where USA procurement business unit serves as procurement and payablesservice provider for only Canada requisitioning Business Unit

BU1: USA – as procurement and requisitioning Business Unit (BU) BU2: Canada – as requisitioning Business Unit Define Service provider relationship where Canada procurement business unit serves as procurement and payables service provider for Canada Requisitioning Business Unit

BU1: USA – as procurement business unit (BU) BU2: Canada – as requisitioning business unit BU3:
USA – as requisitioning business unit Define Service provider relationship where USA procurement business unit serves as procurement and payables service provider for both Canada and USA requisitioning Business Units

QUESTION 25
What are the two scenarios that allow you to update the lot control option for an item?(Choose two.)

Item has zero on-hand quantity.

No open internal order exists for the item.

No open sales order exists for the item.

Item material status is Active.

QUESTION 26
Identify the correct movement request where the move orders are preapproved requests for subinventory transfers that bring material from a source location to a shipment staging subinventory within theorganization.

Automatic Movement Request Requisitions

Pick Wave Movement Request

Replenishment Movement Request

Shipping Movement Request

Movement Request Requisitions

QUESTION 27
Your customer is managing a large sales team divided in two different geographies in the USA. They have the East Coast sales team and the Central sales team. Both teams are handled by one manager and perform the same function.
You customer wants to track the expenses of the two teams separately; however, they do not consider them different as they are handled by one manager only.
How will you fulfill the requirement?

Define them as one department and one cost center.

Define them as a single department and two separate cost centers.

Define them as two separate departments and a single costcenter.

It is not possible to fulfill the requirement.

QUESTION 28
Your customer wants you to restrict the values of Receivables Transaction Type for their three business units.
You createdthree reference data sets for each business unit. However, the user is still able to see the values in the Transaction Type list of values which are not defined in the business unit data set.
What is the reason for this behavior?

Reference Data Sets cannot be used uniquely across business units. They can only be used at the Legal Entity level.

The user is seeing the values defined in the common set. The values should be removed from the common set.

The user has multiple Business Unit Roles and, therefore, is able to see additional values.

Receivables Transaction Types are common across business units.

QUESTION 29
Your customer wants to transfer material from facility A to facility B.
They are using the interorganization transfer to perform the transaction in the system. Their requirement is “whenever material is transferred from their facility A to facility B, facility B needs to pay 5% additional amount to the current item cost.” Which task must be set up to accomplish this requirement?

Manage Cost Organization Relationships

Manage Supply Chain Financial Orchestration Transfer Pricing Rules

Manage Cost Plus Pricing

Manage Organization Relationships

Manage Interorganization Markup

QUESTION 30
Which statement is false about generating an Internal Material Transfer for expense destination Transfer Order?

Cost Management will pick up the delivery transaction directly from Receivingand process the expense accounting from that transaction.

Cost for Lot and serial numbers are tracked at put away time when the items are recorded in a destination inventory location.

Expense destination transfers are expensed upon delivery hittingan expense account instead of an inventory asset account as would be the case for inventory destination transfers.

If the receipt is required, then accounting of the receipt delivery transaction will happen only in Receipt Accounting because there willnot be a delivery transaction in inventory.

If the receipt is not required, Cost Accounting will pick up both the issue and receipt activity from the single inventory transaction “Transfer Order Issue”.

QUESTION 31
Your organization is planning for a periodic counting of individual itemsthroughout the year. As part of this activity, the user has loaded items to the cycle count but some of the items are not being considered when count schedules and count sequences are generated.
Which reason explains why the items are not being considered?

The Include in Schedule option is not selected to include the item for auto-scheduling.

The Cycle Count Enabled flag is not selected for the item.

The approval controls are not set up.

The Cycle Count Enabled flag is not selected for the inventory organization.

QUESTION 32
Your customer wants to prevent customer shipments out of a specific subinventory. They are setting up a material status to control this.
Whichtransaction do they need to disallow?

Ship Confirm

Sales Order Pick

Sales Order Issue

Move Request Putaway

Miscellaneous Issue

QUESTION 33
Your are in the process of analyzing the demand and supply schedules for the item based on high level reservations.
Identify the reservation document type that would be applicable to both supply as well as demand.

Account Alias

Movement Request

Requisition

On Hand

Work Order

Transfer Order

QUESTION 34
The physical inventory process is carried out for a particular inventory organization with the following parameters:
* Negative QuantityTolerance Percentage is set to 10%
* Approval Type = ‘Always’
The system says that there are 100 on hand, but you only counted 95. What will happen?

The system will ask a user to recount before posting.

The setup is invalid; it will give an error message.

Because the 95 is within the 10% tolerance, it will post without approval.

An approval will be required before posting.