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| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Strategic Sourcing Improvements | 25% | - Negotiation Templates and Rules - Two-Stage RFQ and Surrogate Bidding - Award and Approval Workflows |
| Topic 2: Procurement Contracts and Compliance | 20% | - Contract Terms Library and Clauses - Contract Validation and Compliance Rules - Contract Amendment and Versioning |
| Topic 3: Supplier Qualification Management Enhancements | 25% | - Scorecards and Sustainability Metrics - Supplier Qualification Process Updates - Qualification Area Scope and Template Sharing |
| Topic 4: Integration and Analytics Updates | 5% | - Integration with AP and Inventory - Procurement Analytics and Reporting |
| Topic 5: Purchasing and Document Automation | 15% | - Multi-Currency and Tax Handling - Document Numbering and Routing - Purchase Order Configuration and Automation |
| Topic 6: Self-Service Procurement and Catalogs | 10% | - Catalog Management and Punchout Setup - Redwood Self-Service Procurement Features |
1. What is the purpose of supplier business classification in Oracle Fusion Cloud Procurement?
A) To categorize suppliers based on their business activities and products
B) To determine the approval hierarchy for supplier registration
C) To calculate supplier ratings based on their financial stability
D) To track supplier performance and compliance
2. During Cloud procurement implementation, your customer has a requirement to ensure that all purchasing documents must go through budgetary control and the purchasing transaction must be stopped from processing if the funds are unavailable.Identify the configuration required to achieve this requirement.
A) The budget must be set up with control level as Advisory.
B) Select the ,,enforce budget,, check box under the Configure Procurement Business Function
C) The budget must be set up with control level as Absolute.The budget track level Absolute stops transactions when there are insufficient funds.
D) The budget must be set up with control level as Track.
3. What is a carrier in the context of procurement?
A) The payment method used for procuring goods
B) The person responsible for delivering goods to the buyer,s location
C) The supplier who provides transportation services for goods
D) The person responsible for packaging goods for shipment
4. What is the purpose of an RFQ (Request for Quotation) in the procurement process?
A) To negotiate the terms and conditions of a procurement contract.
B) To announce a procurement opportunity to potential vendors.
C) To evaluate vendor proposals and select a preferred supplier.
D) To request vendors to provide information about their products or services.
5. What is a key step in creating Business Units in Oracle Fusion Cloud Procurement?
A) Manage Invoices
B) Approve Requisitions
C) Define the Ledger
D) Administer Catalogs
Solutions:
| Question # 1 Answer: A | Question # 2 Answer: C | Question # 3 Answer: C | Question # 4 Answer: D | Question # 5 Answer: C |
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