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Oracle Fusion Cloud Procurement 2023 Implementation Professional - Delta Sample Questions (Q62-Q67):

NEW QUESTION # 62
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 # 63
Which of the following best describes a characteristic of a Project-Driven Supply Chain (PDSC)?

A. It requires close collaboration and coordination between project team members.
B. It is primarily focused on cost reduction.
C. It emphasizes short-term objectives over long-term sustainability.
D. It does not require the use of advanced technology solutions.

Answer: A

Explanation:
A Project-Driven Supply Chain is characterized by the need for close collaboration and coordination among the members of a project team. This is essential to ensure that the right materials, resources, and information are available at the right time in order to successfully execute the project. Without effective collaboration, the project may face delays, cost overruns, or other issues.

NEW QUESTION # 64
Which of the following best describes the purpose of the Procurement application in Oracle Fusion Cloud?

A. To manage sales and customer relationships.
B. To handle financial planning and budgeting.
C. To monitor and report on employee performance.
D. To streamline and automate the procurement process.

Answer: D

Explanation:
The Procurement application in Oracle Fusion Cloud is specifically designed to streamline and automate the procurement process. It enables organizations to efficiently manage their purchasing activities, track supplier performance, and control costs. The application provides features such as requisitioning, sourcing, purchasing, receiving, and supplier management, all aimed at optimizing the procurement process.

NEW QUESTION # 65
What is the purpose of Self Service Procurement in Oracle Fusion Cloud?

A. Allow employees to create and submit purchase requisitions for goods and services.
B. Allow inventory management of goods and materials.
C. Allow managers to approve purchase orders for requested items.
D. Allow suppliers to search and bid on procurement opportunities.

Answer: A

Explanation:
Self Service Procurement in Oracle Fusion Cloud enables employees to independently create and submit purchase requisitions for goods and services they require. It empowers employees to initiate procurement processes and ensures a streamlined and efficient procurement workflow.

NEW QUESTION # 66
What is the purpose of an RFQ (Request for Quotation) in the procurement process?

A. To announce a procurement opportunity to potential vendors.
B. To request vendors to provide information about their products or services.
C. To negotiate the terms and conditions of a procurement contract.
D. To evaluate vendor proposals and select a preferred supplier.

Answer: B

Explanation:
The purpose of an RFQ is to gather information from vendors regarding the pricing, availability, and specifications of their products or services. It is used when the requirements are clearly defined, and the buyer wants to compare different vendor offerings before making a purchasing decision.

NEW QUESTION # 67
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