Oracle Fusion Procurement Cloud Service 2016 Implementation Essentials - 1Z1-327 FREE EXAM DUMPS QUESTIONS & ANSWERS]

Question 1

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

Discussion 0

Correct Answer: A,B,E Vote an answer

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Question 2

Your customer is implementing the full suite of Cloud procurement. They would like to know how best they can utilize the Contract Terms library.
Identify three applications from where users can access the Contract Terms library for setting up "contract terms" for different documents.

A. Supplier Model B. Sourcing C. Self Service Procurement D. Purchasing E. Procurement Contracts

Discussion 0

Correct Answer: B,D,E Vote an answer

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Question 3

Your customer requires that any approved requisition needs to be reapproved whenever a buyer updates a catalog requisition line during requisition processing.
Identify the correct setup to fulfill this requirement.

A. After requisition modification, a buyer needs to reassign the requisition line to the requisition authority for approval. B. Configure "requisition approval rule" to include the "Approval required for buyer modified lines" condition. C. Configure the PO Approval rule in such a way that buyer-modified requisition lines will go for approval again. D. In the "Configure requisitioning" business function. select "Approval required for buyer modified lines."

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Correct Answer: D Vote an answer

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Question 4

Your customer wants to use the Negotiations Online message functionality to interact with suppliers participating in a negotiation.
Identify three features of the Negotiation Online message functionality.

A. The online messages will be retained for future reference and audit trail. B. You can do online chatting. C. You can add attachments in the message. D. Suppliers can raise clarifications for an auction online and you can respondwith answers online. E. You can send SMS to suppliers.

Discussion 0

Correct Answer: A,C,D Vote an answer

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Question 5

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

Discussion 0

Correct Answer: B,E Vote an answer

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Question 6

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

Discussion 0

Correct Answer: A Vote an answer

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Question 7

Your customer wants toconfigure three business units (BUs) as follows:
*
US East BU and US West BU that perform requisitioning-related business
processes and tasks. The US East BU provides payment services for its own invoices and for the US West BU's invoices.
*
One BU, US HeaderBU, that is configured as a shared Procurement BU with only the Procurement function enabled
Identify the correct configuration.

A. The US East BU and US West BU need to be configured as Payables Payment Service
Provider. B. The US West BU needs to be configuredas a Customer Payments Service Provider. C. The US East BU needs to be configured as a Payables Payment Service Provider. D. The US Header BU needs to be configured as a Payables Payment Service Provider.

Discussion 0

Correct Answer: C Vote an answer

Question 8

While creating a Contract Purchase Agreement, a buyer tries to add a Contract Template to it, but the List of Values (VOL) is empty.
Identify three applicable reasons for this issue.

A. The Contract Template is not 'Approved'. B. The document typeassociated with the Contract Template is 'Purchase Order'. C. The Contract Template is in 'Approved' status. D. The document type associated with the Contract Template is 'Contract Purchase Agreement'. E. The document type associated with the Contract Template is 'Blanket Purchase Agreement'.

Discussion 0

Correct Answer: B,C,D Vote an answer

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 type for negotiating terms for future purchase of services 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 agreement B. Free form, buy C. Free form, buy agreement D. Item, buy

Discussion 0

Correct Answer: D Vote an answer

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