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Oracle Fusion Cloud Procurement 2023 Implementation Professional - Delta Sample Questions (Q173-Q178):

NEW QUESTION # 173
Which of the following options is a mandatory setup when configuring the procurement of consigned inventory from a supplier in Oracle Fusion Cloud Procurement?

A. Defining the supplier as a consignment supplier in the Supplier portal
B. Defining the supplier as a consignment supplier in the Supplier Site setup
C. Defining the supplier as a consignment supplier in the Item setup
D. Defining the supplier as a consignment supplier in the Business Unit setup

Answer: B

Explanation:
When setting up the procurement of consigned inventory from a supplier in Oracle Fusion Cloud Procurement, it is mandatory to define the supplier as a consignment supplier in the Supplier Site setup. This ensures that the system recognizes the supplier as a consignment supplier and allows for the appropriate procurement processes to be followed. Defining the supplier as a consignment supplier in other setups, such as the Supplier portal or Item setup, is not sufficient for enabling consigned inventory procurement.

NEW QUESTION # 174
What is the purpose of a requisition in the procurement process?

A. To pay suppliers
B. To receive and verify goods or services
C. To create purchase orders
D. To request goods or services

Answer: D

Explanation:
A requisition is a formal request made by a user or department to procure specific goods or services. It initiates the procurement process by identifying the need and providing information to create a purchase order.

NEW QUESTION # 175
Which of the following procurement applications is used for managing supplier information?

A. Purchase Order
B. Requisition
C. Supplier Portal
D. Contract Management

Answer: C

Explanation:
The Supplier Portal is an application used for managing supplier information. It provides a centralized platform for suppliers to register, update their information, and communicate with the purchasing organization. It also allows procurement professionals to evaluate and select suppliers based on their capabilities and performance.

NEW QUESTION # 176
Which of the following is a benefit of using the Oracle Fusion Cloud Sourcing platform?

A. Reduced risk of non-compliance with purchasing policies
B. Improved collaboration between buyers and suppliers
C. Increased transparency in supplier selection process
D. All of the above

Answer: D

Explanation:
The Oracle Fusion Cloud Sourcing platform offers a range of benefits, including increased transparency in the supplier selection process, reduced risk of non-compliance with purchasing policies, and improved collaboration between buyers and suppliers. By providing a centralized system for sourcing activities, it allows for greater visibility and control, mitigating risks and improving overall efficiency in procurement processes.

NEW QUESTION # 177
During an implementation of Cloud Sourcing, the users are performing user acceptance testing and entering 'contract terms' in the terms library from different remote locations. There are occasions when same mistakes are being repeated by the users and the project team needs to do a lot of coordination to eliminate the errors. Identify the system help that the users can utilize so that they enter only the correct contract terms in the 'Terms library', validate those, correct those and use those in the contract?

A. Users need to download the terms in word format and run the spell/ grammar check
B. Users need to run ,Contract Expert, which will identify the mistakes and red line the items
C. Users need to share the terms before input to the system
D. Users need to run ,Contract library Tool, to check the correctness

Answer: B

NEW QUESTION # 178
......

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