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Oracle Fusion Cloud Applications SCM Foundations Associate - Rel 1 Verified Practice Cram & 1Z0-1163-1 Study Pdf Dumps & Oracle Fusion Cloud Applications SCM Foundations Associate - Rel 1 Exam Training Dumps
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Oracle 1Z0-1163-1 Exam Syllabus Topics:
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Oracle Fusion Cloud Applications SCM Foundations Associate - Rel 1 Sample Questions (Q49-Q54):
NEW QUESTION # 49
What is the role of the Global Order Promising feature in Oracle Fusion Cloud SCM?
- A. It eliminates the need for supplier collaboration.
- B. It guarantees same-day delivery for all orders.
- C. It provides real-time order commitment dates based on supply and demand constraints.
- D. It focuses only on local inventory availability.
Answer: C
Explanation:
Global Order Promising (C) provides real-time order commitment dates by analyzing supply (e.g., inventory, production) and demand (e.g., orders, forecasts) constraints enterprise-wide. For instance, if 100 units are requested and 70 are available with a 3-day lead time, it commits to 3 days. Option A is false-no universal same-day guarantee exists. Option B is incorrect-supplier data often informs promises. Option D is wrong-it considers global, not just local, availability. This feature ensures reliable promises, reduces cancellations, and aligns customer expectations with operational capacity.
NEW QUESTION # 50
What is the function of Receipt Accounting in Oracle Fusion Cloud SCM?
- A. It ensures supplier invoices are paid on time.
- B. It records the receipt of goods and services, creating accounting entries for financial reporting.
- C. It validates contract terms for procurement.
Answer: B
Explanation:
Receipt Accounting in Oracle Fusion Cloud SCM records the receipt of goods and services, generating accounting entries for financial reporting and cost tracking. Option A (timely payments) is a downstream process, not its core function. Option C (contract validation) pertains to procurement, not receipt accounting. This ensures accurate financial records and compliance.
NEW QUESTION # 51
What is the role of automation in creating POs from contract fulfillment in Oracle Fusion Cloud Procurement?
- A. It facilitates the approval process by routing POs to the appropriate approvers, based on invoice rules and limits.
- B. It enhances supplier qualification by providing visibility into supplier responses.
- C. It ensures that POs are created accurately based on contract terms, reducing manual errors, and improving efficiency.
Answer: C
Explanation:
In Oracle Fusion Cloud Procurement, automation plays a critical role in creating purchase orders (POs) from contract fulfillment by ensuring that POs are generated directly from agreed contract terms with high accuracy and minimal manual intervention. This process leverages predefined contract data-such as item details, pricing, quantities, and delivery schedules-to populate POs automatically, reducing errors like incorrect pricing or quantities that often occur in manual entry. For instance, if a contract specifies 100 units of a product at $10 each, automation ensures the PO reflects this exactly, bypassing the need for manual rekeying. Option A is incorrect because routing POs for approval is a subsequent step, not the primary role of automation in PO creation. Option C is unrelated, as supplier qualification pertains to evaluating suppliers, not PO generation. This automation improves efficiency by speeding up the procurement cycle, ensures compliance with contract terms, and frees procurement staff to focus on strategic tasks rather than clerical work. It also integrates with supplier collaboration tools to confirm details, further enhancing accuracy.
NEW QUESTION # 52
What is the primary function of Receipt Accounting in Oracle Fusion Cloud SCM?
- A. It ensures supplier invoices are paid on time.
- B. It records the receipt of goods and services, creating accounting entries for financial reporting.
- C. It eliminates the need for cost accounting.
- D. It validates contract terms for procurement.
Answer: B
Explanation:
Receipt Accounting (D) in Oracle Fusion Cloud SCM records the receipt of goods and services, generating accounting entries that reflect these transactions for financial reporting and cost tracking. When a shipment of 500 units arrives, Receipt Accounting logs the event, assigns costs (e.g., $5,000), and creates entries like "Inventory Debit" and "Accounts Payable Credit," ensuring financial accuracy. Option A is incorrect-timely invoice payment is a downstream accounts payable process, not Receipt Accounting's role. Option B is false-contract validation occurs in procurement, not here. Option C is wrong-Receipt Accounting feeds into Cost Accounting, enhancing, not eliminating it. This function ensures compliance with accounting standards, provides visibility into goods received, and supports accurate financial statements, bridging physical and financial supply chain activities.
NEW QUESTION # 53
Which key metric measures the effectiveness of the Demand to Management OMBP in Oracle Fusion Cloud SCM?
- A. Inventory Turnover, which tracks the speed of inventory movement.
- B. Forecast Accuracy, evaluates the precision of demand predictions against actual market demand.
- C. Supplier Lead Time, which measures supplier response efficiency.
Answer: B
Explanation:
For the Demand to Management OMBP, Forecast Accuracy is the primary metric, as it evaluates how precisely demand predictions match actual market demand, a foundational step in effective supply chain planning. Calculated as a percentage (e.g., actual demand of 800 units versus a forecast of 850 yields 94% accuracy), it directly reflects the OMBP's ability to drive downstream processes like procurement and production. Option B (Supplier Lead Time) measures supplier performance, which affects supply execution but not demand forecasting accuracy. Option C (Inventory Turnover) tracks inventory movement efficiency, an outcome influenced by forecast accuracy, not a direct measure of the OMBP itself. Accurate forecasts prevent overproduction or shortages-for example, overestimating demand by 20% could lead to $50,000 in excess inventory costs, underscoring the metric's importance.
NEW QUESTION # 54
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