The Most Up-to-date Guide To 1z0-1007 Test Preparation

NEW QUESTION 1
During the implementation, your customer has a requirement for a given business until to enable “funds check” on purchase orders. This requires that budgetary control be enabled.
What configuration must you complete to enable budgetary control in that business unit?

• A. Enable budgetary control by selecting the ledger and business unit by using the task Manage Budgetary Control.
• B. Enable budgetary control in both the Configure Requisition Business Function and Configure Procurement Business Function by selecting the business unit in scope.
• C. Enable budgetary control by selecting the business unit in scope using the task Configure Procurement Business Function.
• D. Enable budgetary control by selecting the business unit in scope using the task Configure Procurement and Payables Options.

Answer: D

NEW QUESTION 2
You are creating a Purchase Order based on the style ‘Cloud Purchasing Style’. While entering a Purchase Order line, you find that the line type named GOODS is available but the line type named LINE does not appear. Identify a reason for this behavior.

• A. Display Name for the Purchase Order is not set in the ‘Create Document Style’ task.
• B. The line type LINE is not among the selected line types for the document style ‘Cloud Purchasing Style’.
• C. The status of the ‘Cloud Purchasing Style’ is not Active.
• D. The Goods check box is not checked for the Purchase Bases field of the Commodities option in the ‘Create Document Style’ task.

Answer: A

NEW QUESTION 3
During the implementation, your customer wants to understand the key features of the two-stage Request For Quotation (RFQ) available in Oracle Sourcing Cloud.
Identify three features of the two-stage RFQ.

• A. Technical and Commercial Evaluation
• B. Open Auctions
• C. Two stage Evaluation
• D. Response Visibility Blind
• E. Response Visibility Open
• F. Response Visibility is always Sealed

Answer: ACF

NEW QUESTION 4
Your customer is implementing Oracle Procurement Cloud applications with multiple Requisition Business Units. Each Business Unit has employees who need the ability to create requisitions. The customer does not want all employees in the organization to be able to create requisitions using the self-service application; however, they should be able to search for information (for example, contact details) relating to other employees.
To restrict certain employees from being able to create requisitions, identify the inherited role that must be removed from the seeded Employee role.

• A. Procurement Administrator
• B. Employee
• C. Procurement Preparer
• D. Contingent Worker
• E. Procurement Requester

Answer: E

NEW QUESTION 5
An automobile parts manufacturer has decided to implement only the Cloud Purchasing product from the Oracle Procurement Cloud pillar. Which setup component will not be required for this implementation?

• A. Procurement Agents
• B. Procurement Business Function
• C. Document Styles
• D. Negotiation template
• E. Purchasing Line Types

Answer: E

NEW QUESTION 6
Identify two profile options that are required to configure Punchout Catalogs in Self Service Procurement.

• A. PO_DOC_BUILDER_DEFAULT_DOC_TYPE
• B. PORT_DISPLAY_EMBEDDED_ANALYTICS
• C. PO_DEFAULT_PRC_BU
• D. POR_PROXY_SERVER_NAME
• E. POR_PROXY_SERVER_PORT

Answer: DE

NEW QUESTION 7
Identify two control options that are enabled when a buyer selects the ‘Group requisition lines’ field while creating a Blanket Purchase Agreement.

• A. Group requisitions
• B. Apply price updates to existing orders
• C. Use need-by date
• D. Automatically submit for approval
• E. Use ship-to organization and location

Answer: CE

NEW QUESTION 8
What is the difference between Prospective and Spend authorized suppliers?

• A. Prospective suppliers are suggested by internal users, whereas Spend authorized suppliers are registered externally.
• B. Prospective suppliers can participate in Sourcing activities only, whereas Spend authorized suppliers can participate in all Procure-to-Pay activities.
• C. Prospective suppliers are limited to purchase orders, whereas both purchase order and agreement can be created for Spend authorized suppliers.
• D. Prospective suppliers are limited to sourcing and qualification activities, whereas Spend authorized suppliers are limited to purchase orders and agreements.

Answer: D

NEW QUESTION 9
During a Procurement Contract implementation, a customer would like to set up their own line type for buying services. They intend to use this line for negotiating terms for future purchase of service and do not have a defined scope of work.
Identify the source that the customer needs to select while creating the line type to meet this requirement.

• A. Item, buy
• B. Item, buy agreement
• C. Free form, buy agreement
• D. Free form, buy

Answer: A

NEW QUESTION 10
An organization wants to establish a supplier onboarding process with qualification and evaluation. Only qualified suppliers should be eligible to supply their goods and service.
How do you model this requirement using external supplier registration and supplier qualification management?

• A. External Supplier registration-Prospective > Supplier Response > Promoted as spend authorized > Qualification Evaluation
• B. External Supplier registration-Prospective > Initiative > Supplier Response > Qualification Evaluation > Promoted as spend authorized
• C. External Supplier registration-Spend Authorized > Initiative > Supplier Response > Qualification Evaluation > Promoted as Prospective
• D. External Supplier registration-Spend Authorized > Supplier Response > Qualification Evaluation > Initiative

Answer: B

NEW QUESTION 11
Which option would the application first look at to default the Location field in the Purchase Order Line?

• A. Purchase Order Header
• B. supplier site assignment record of the supplier site in the Requisitioning BU
• C. BU assignment record of the source agreement that corresponds to the Requisitioning BU
• D. “Requisitioning Business Function Configuration” task of the Requisitioning BU

Answer: D

NEW QUESTION 12
During a Procurement Contract implementation, a customer would like to set up approvals for procurement contract documents. The customer has four departments and any contract needs to be approved by all the four department users.
Identify the configuration to fulfill this requirement.

• A. Set up one approval group and include the four department users with voting regime as consensus.
• B. Set up one approval group and include the four department users with voting regime as first responder wins.
• C. Set up employee supervisor hierarchy for all four department users and add them to an approval group.
• D. Set up user group for the four departments and set up individual rules for the four department users.

Answer: A

NEW QUESTION 13
You have the following business requirements while configuring applications with related roles:
- When creating an implementation project, you want to see the list of Offering and Functional Areas that are configured for the project.
- You want to identify which stage are all Offerings and Functional Areas in. Identify two setups that fulfill these requirements.

• A. You should have an IT Security role in order to fulfill these requirements.
• B. You should select the “Enable for Implementation” check box to specify the Options.
• C. Although the Offering configuration can be changed any time, the changes will influence any of the existing implementation task lists.
• D. You should change the Provisioned to “No” to specify the Offering that you want to choose while create an implementation project.
• E. After implementation tasks, you should set the status to “In Progress” or “Implemented”.

Answer: BE

NEW QUESTION 14
Name the Oracle Transactional Business Intelligence (OTBI) KPI that indicates the count of approved requisitions where at least one of the requisition lines is assigned to the buyer who has logged in and that requisition line is not implemented into an order, bucketed by the number of days elapsed since the requisition was approved.

• A. Requisition Lines Volume Count
• B. Requisition Lines in Process Count
• C. Requisition Line Aging Count
• D. Requisition Aging Count
• E. Requisition Lines Cycle Time

Answer: B

NEW QUESTION 15
Your customer is using Cloud Supplier Qualification Management and Procurement Sourcing. What three actions can the category manager take within a negotiation to solicit additional information from suppliers or internal users?

• A. Create reusable Supplier Qualification questions directly in the negotiation.
• B. Copy the Supplier Qualification Area and use it as a requirement section.
• C. Solicit information in your negotiation that is in addition to negotiation lines.
• D. Copy Supplier Qualification Questions in the negotiation as a requiremen

Answer: ACD

NEW QUESTION 16
Your customer frequently orders a specific item from a selected list of suppliers. Some of the suppliers provide the item at a negotiated price, whereas other suppliers change the price throughout the year.
How should you set up this item in Oracle Procurement Cloud to address both requirements?

• A. Create a Contract Purchase Agreement for the varied price supplier and do not create any kind of agreement for the fixed price supplier.
• B. Create a Planned Purchase Order for the fixed price supplier and do not create any kind of agreement for the varied price supplier.
• C. Create a Blanket Purchase Agreement for the negotiated price supplier and a Contract Purchase Agreement for the varied price supplier.
• D. Create a Contract Purchase Agreement for the fixed price supplier and a Blanket Purchase Agreement for the varied price supplier.

Answer: C

NEW QUESTION 17
Your category manager wants to have the ability to conduct forward auctions in the Sourcing Cloud to liquidate excess inventory. What feature should be enabled to allow this?

• A. Capture Forward Auction Negotiations
• B. Consolidate Negotiation Lines on Purchase Order
• C. Sourcing Programs
• D. Manage Seller Negotiations
• E. Define Default Line Attributes in Negotiations

Answer: B

NEW QUESTION 18
During an Oracle Procurement Cloud implementation, you have been asked to provide View access to all purchasing document to all buyers in Procurement Business Unit

• A. What will you do to configure this change?
• B. Update each buyer’s access using “Manager Procurement Agent” for procurement Business Unit A.
• C. Modify “Configure Procurement Business Function” for procurement Business Unit A and provide access to all buyers.
• D. Define all buyers as employees in procurement Business Unit A.
• E. Configure a new document style and assign it to each buyer in “Manage Procurement Agent”.

Answer: B

NEW QUESTION 19
Your customer tells you that in their industry, the response document for an auction is called a ‘Proposal’ instead of the default Oracle term ‘Bid’, and that they would like to have all their negotiation documents refilect this terminology. What would you do to meet this requirement?

• A. Create a Negotiation Style.
• B. Create a Negotiation Template.
• C. Create a Purchasing Document Style.
• D. Create a Negotiation Type.
• E. Customize the Descriptive Flexfiel

Answer: A

NEW QUESTION 20
Your customer wants to configure six BUs: five Requisitioning BUs and one BU configured as a shared Procurement BU with only the Procurement function enabled.
How will you define the relationship between the Requisitioning BUs and the Procurement BU?

• A. The Procurement BU must be assigned with the Requisitioning business function in order for it to be a shared services center.
• B. The Payables business function must be assigned in addition to the Procurement business function.
• C. The Procurement BU needs to be configured as a service provider to the Requisitioning BUs.
• D. Intercompany transactions need to be defined between the Requisitioning BUs and the Procurement BU.

Answer: C

NEW QUESTION 21
Identify the setup that allows news and information of interest to be published to suppliers through the Oracle Supplier Portal Cloud.

• A. configuring the “News Broadcast” field using the ‘Manage Supplier’ task
• B. enabling feed from social media sites such as Facebook, Twitter, and so on using ‘ManageCommon Options for Purchasing’
• C. setting up Specify Supplier News Content in the Functional Setup Manager.
• D. enabling RSS feed from a customers’ corporate web portal

Answer: D

NEW QUESTION 22
You created a sourcing two-stage sealed RFQ and invited five suppliers to participate. The Technical stage is completed and the Commercial stage is unlocked.
At this time in the award negotiation section, in the Award Line you are able to see only three supplier’s responses as active responses. You are not able to see the other two suppliers’ data in the active responses.
Which two reasons are causing this?

• A. Suppliers were already awarded.
• B. Suppliers have entered the response
• C. Because the RFQ is sealed, you are not able to view these two suppliers’ data.
• D. Suppliers were not shortlisted in the Technical stage.
• E. Supplier responses are closed.
• F. You have entered these two suppliers’ responses as surrogate responses by a buye
• G. In the Commercial stage, the buyer has not yet entered surrogate responses.

Answer: CE

NEW QUESTION 23
Which three business users can submit a new supplier request?

• A. Category Manager
• B. Supplier Administrator
• C. Catalog Administrator
• D. Warehouse Manager
• E. Self-Service Procurement user

Answer: BCD

NEW QUESTION 24
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