Get Ahead in Your Career with Oracle 1Z0-1163-1 Questions from TestInsides
Get Ahead in Your Career with Oracle 1Z0-1163-1 Questions from TestInsides
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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 (Q44-Q49):
NEW QUESTION # 44
Which process in Oracle Fusion Cloud SCM ensures that inventory levels are maintained efficiently?
- A. Manufacturing Execution.
- B. Supplier Qualification.
- C. Replenishment Planning.
- D. Cost Accounting.
Answer: C
Explanation:
Replenishment Planning (D) in Oracle Fusion Cloud SCM ensures inventory levels are maintained efficiently by predicting demand and adjusting supply plans to replenish stock proactively. It uses forecasts and safety stock rules-e.g., ordering 300 units when stock falls to 50 and demand is expected to rise-to prevent shortages or excess inventory. Option A (Supplier Qualification) focuses on supplier evaluation, not inventory maintenance. Option B (Cost Accounting) tracks financials, not stock levels. Option C (Manufacturing Execution) manages production, not replenishment. Replenishment Planning optimizes inventory turnover, reduces carrying costs, and ensures product availability, making it a proactive inventory management tool.
NEW QUESTION # 45
Which feature in Oracle Fusion Cloud Procurement allows suppliers to manage invoices and purchase orders?
- A. Supplier Portal.
- B. Contract Fulfillment Automation.
- C. Receipt Accounting.
- D. Intelligent Document Recognition (IDR).
Answer: A
Explanation:
The Supplier Portal (A) in Oracle Fusion Cloud Procurement allows suppliers to manage invoices and purchase orders (POs) by providing a self-service platform. Suppliers can view POs (e.g., 200 units due Friday), submit invoices, and track statuses in real time, reducing manual communication. Option B (Contract Fulfillment Automation) generates POs from contracts, not supplier management. Option C (IDR) extracts invoice data, not a supplier tool. Option D (Receipt Accounting) records receipts, not supplier interactions. For example, a supplier might invoice $2,000 for a PO directly in the portal, speeding up payment cycles and improving transparency.
NEW QUESTION # 46
Which activity is fundamental to the Insight to Sourcing OMBP, ensuring effective procurement and cost optimization?
- A. Idea Generation, which identifies market opportunities, incorporating trend analysis and internal innovation.
- B. Spend Analysis, which involves categorizing and analyzing historical spending data to identify cost-saving opportunities and strategic sourcing decisions.
- C. Performance Monitoring, which assesses supplier ability to meet quality and service standards by utilizing audits, inspections, or performance reviews.
Answer: B
Explanation:
Spend Analysis (B) is the cornerstone of the Insight to Sourcing OMBP in Oracle Fusion Cloud SCM, as it involves categorizing and analyzing historical spending data to uncover cost-saving opportunities and inform strategic sourcing decisions. By examining past expenditures-e.g., identifying that 70% of spending on raw materials comes from a single supplier-businesses can negotiate better terms, consolidate suppliers, or shift to lower-cost alternatives, optimizing procurement costs. Option A (Idea Generation) is a preliminary step focused on innovation and market trends, not the core analytical activity driving sourcing. Option C (Performance Monitoring) evaluates supplier performance post-sourcing, not the initial insight process. For instance, Spend Analysis might reveal excessive spending on expedited shipping, prompting a shift to local suppliers, directly impacting cost efficiency and procurement strategy. This data-driven approach ensures decisions are grounded in financial reality, making it fundamental to the OMBP.
NEW QUESTION # 47
What is the primary function of Receipt Accounting in Oracle Fusion Cloud SCM?
- A. It ensures supplier invoices are paid on time.
- B. It validates contract terms for procurement.
- C. It records the receipt of goods and services, creating accounting entries for financial reporting.
- D. It eliminates the need for cost accounting.
Answer: C
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 # 48
What is the primary purpose of the Production Order to Cost Update OMBP in Oracle Fusion Cloud SCM?
- A. It provides accurate cost calculations for better decision-making.
- B. It enhances customer relationship management.
- C. It ensures immediate financial benefits through real-time cost updates.
- D. It automates the production process without human supervision.
Answer: A
Explanation:
The Production Order to Cost Update OMBP (D) in Oracle Fusion Cloud SCM focuses on providing accurate cost calculations by capturing and updating costs associated with production orders-materials, labor, and overhead-enabling better decision-making. For instance, if producing 100 units costs $1,000 (e.g., $500 materials, $300 labor, $200 overhead), this process ensures the total is reflected accurately, allowing managers to adjust pricing or reduce costs. Option A is misleading-while cost updates occur, the primary purpose is accuracy, not immediate financial gains, which are an outcome. Option B is incorrect-customer relationship management is unrelated to production costing. Option C overstates automation; human oversight is still required, and the focus is on cost, not process automation. Accurate cost data supports profitability analysis, budgeting, and strategic planning, making it a critical link between manufacturing and financial management.
NEW QUESTION # 49
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