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Oracle 1z1-470 Exam Syllabus Topics:

SectionObjectives
Topic 1: Purchasing- Purchase orders creation and management
- Purchase order lifecycle and amendments
Topic 2: Procurement Configuration and Integration- Setup tasks and enterprise structure alignment
- Integration with Oracle Financials and Inventory
Topic 3: Introduction to Oracle Fusion Procurement- Procurement Cloud overview and key concepts
- Business flow and procurement lifecycle
Topic 4: Sourcing and Agreements- RFQs and sourcing negotiations
- Blanket purchase agreements and contracts
Topic 5: Supplier Management- Supplier qualification and profiles
- Supplier setup and maintenance
Topic 6: Self Service Procurement- Approval workflows and requisition processing
- Requisitions and shopping catalogs

Oracle Fusion Procurement 2014 Essentials Sample Questions:

1. Acme Corporationhas provided the following requirement in Fusion Procurement:
If the category on the requisition line is IT service (Category ID - 11423), approvals from "IT Service Category Approval Group" are required.
Identify the rule setup in Business Process Model (BPM) tasks to meet this requirement.

A) If ReqLineDimension.categoryId is equal to 11423; Then List Builder = Resource Response Type = Required Approval Group = "IT Service Category Approval Group" Allow empty group = False
B) If ReqLineDimension.categoryId is equal to 11423; Then List Builder = Approval Group Response Type = Required Approval Group = "IT Service Category Approval Group" Allow empty group = False
C) If ReqLineDimension.categoryId is equal to 11423; Then List Builder = Supervisory Response Type = Required Approval Group = "IT Service Category Approval Group" Allow empty group = False
D) If ReqLineDimension.categoryId is equal to 11423; Then List Builder = Approval Group Response Type = FYI Approval Group = "IT service Category Approval Group" Allow empty group = True


2. A new procurement BU (BU1) is set up in Fusion Procurement to support the purchasing need of a newly acquired company. You are responsible for purchasing function for this new procurement BU. But while creating a Purchase Order for the new BU, you observe that the new BU is not appearing in the BU selection list.
Identify two applicable reasons for this behavior.

A) The "Manage purchase agreement" check box in the Agent Access section of the CreateProcurement page is checked.
B) The "Manage Purchase Order" check box in the Agent Access section of the Create Procurement page is unchecked.
C) You are not configured as a Procurement Agent for the BU1 procurement BU.
D) The "Manage purchase agreement" check box in the Agent Access section of the Create Procurement page is unchecked.
E) The procurement BU (BU1) and theProcurement Agent association arenot Active.


3. On completion of a Negotiation Award using a negotiation template, you are trying to create apurchasing document and system provides you the option to create a Blanket Purchase Agreement (BPA) only, whereas you expected to get an option to create a Contract Purchase Agreement (CPA).
Identify the reason for this.

A) The Business Function for the associated Business Unit is 'Requisition Only' and did not allow Purchase Agreement Generation.
B) The negotiation outcome is defined as 'Contract Purchase Agreement' in the negotiation template.
C) The negotiation outcome is defined as 'Blanket Purchase Agreement' in the negotiation template.
D) The Profile Option PO_PRC_AGENT_CATEGORY_ASSIGNMENT is set to the current user.


4. 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) View pdf
C) Manage Train Stops
D) View Full Details
E) Workflow administration


5. At your client location, the marketing manager wants to run reports and analytics based on procurement subject areas, but he should not be able to view purchase orders. Which procurement role should you assign to him?

A) Purchase Analysis
B) Procurement Agent
C) Purchasing Manager
D) Finance Manager


Solutions:

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

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