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1Z0-1163-1 Reliable Test Cost | 1Z0-1163-1 Valid Test Testking
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Oracle Fusion Cloud Applications SCM Foundations Associate - Rel 1 Sample Questions (Q14-Q19):
NEW QUESTION # 14
What is the primary function of Receipt Accounting in Oracle Fusion Cloud SCM?
- A. It ensures supplier invoices are paid on time.
- B. It eliminates the need for cost accounting.
- C. It records the receipt of goods and services, creating accounting entries for financial reporting.
- D. It validates contract terms for procurement.
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 # 15
Which feature in Oracle Fusion Cloud SCM ensures optimal inventory levels by predicting demand and adjusting supply plans?
- A. Manufacturing Execution.
- B. Replenishment Planning.
- C. Supplier Qualification.
- D. Cost Accounting.
Answer: B
Explanation:
Replenishment Planning (C) in Oracle Fusion Cloud SCM ensures optimal inventory levels by predicting demand and adjusting supply plans proactively. Using forecasts-e.g., expecting 300 units next month-it triggers replenishments to maintain stock (e.g., ordering 250 units when levels hit 50), avoiding overstock or shortages. Option A (Cost Accounting) tracks costs, not inventory levels. Option B (Supplier Qualification) evaluates suppliers, not stock planning. Option D (Manufacturing Execution) manages production, not replenishment. This feature balances cost and availability, reducing waste (e.g., $5,000 in excess stock) and ensuring service continuity.
NEW QUESTION # 16
Which key metric measures the effectiveness of the Demand to Management OMBP?
- A. Employee Turnover Rate.
- B. Customer Acquisition Cost.
- C. Order Fill Rate.
- D. Forecast Accuracy.
Answer: D
Explanation:
The Demand to Management Oracle Manufacturing Business Process (OMBP) in Oracle Fusion Cloud SCM focuses on translating demand signals into actionable supply plans, making Forecast Accuracy the key metric for measuring its effectiveness. Forecast Accuracy compares predicted demand to actual demand, revealing how well the system anticipates customer needs. For instance, if a forecast predicts 1,000 units sold but actual sales are 900, the accuracy is 90%, highlighting areas for improvement. Option A (Employee Turnover Rate) is an HR metric unrelated to demand management. Option C (Customer Acquisition Cost) pertains to marketing, not supply chain processes. Option D (Order Fill Rate) measures fulfillment efficiency, which is a downstream outcome, not a direct indicator of demand forecasting effectiveness. High forecast accuracy ensures inventory aligns with demand, reducing overstock or shortages, and supports strategic decision-making across procurement and production.
NEW QUESTION # 17
Which feature in Oracle Fusion Cloud Procurement automates the creation of purchase orders from contracts?
- A. Receipt Accounting.
- B. Intelligent Document Recognition (IDR).
- C. Supplier Portal.
- D. Contract Fulfillment Automation.
Answer: D
Explanation:
Contract Fulfillment Automation (C) in Oracle Fusion Cloud Procurement automates the creation of purchase orders (POs) directly from contract terms, streamlining the procurement process. This feature uses predefined contract details-such as items, quantities, pricing, and delivery schedules-to generate POs without manual intervention. For example, if a contract stipulates 1,000 units of a product at $10 each over six months, Contract Fulfillment Automation triggers POs as needed (e.g., 200 units monthly), ensuring accuracy and compliance with the agreement. Option A (Receipt Accounting) records goods received, not PO creation. Option B (Supplier Portal) enables supplier interaction but doesn't automate PO generation from contracts. Option D (IDR) extracts data from documents like invoices, not contracts for PO creation. This automation reduces errors (e.g., mismatched quantities), saves time, and ensures procurement aligns with negotiated terms, enhancing efficiency and supplier relationships.
NEW QUESTION # 18
How does embedding Oracle Method Based Practices (OMBPs) in Starter Configurations benefit Oracle Fusion Applications implementations?
- A. Allows third-party vendors to access and modify configurations.
- B. Enables fully customized setup based on individual customer requirements.
- C. Provides a standard configuration that supports solution-led implementation of Oracle Fusion Applications.
Answer: C
Explanation:
Embedding Oracle Method Based Practices (OMBPs) in Starter Configurations (C) provides a prebuilt, standard configuration that streamlines Oracle Fusion Applications implementations using a solution-led approach. These configurations incorporate best practices-e.g., predefined workflows for demand planning-reducing setup time and ensuring consistency. For instance, a company can deploy SCM modules with optimized settings out of the box, customizing only where necessary. Option A is incorrect-third-party access isn't a focus; security restricts modifications. Option B is partially true but misses the point-OMBPs standardize first, then allow customization, not the reverse. This approach accelerates deployment, lowers costs, and leverages Oracle's expertise for reliable outcomes.
NEW QUESTION # 19
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