1Z0-1073-21 Online Practice Questions and Answers

While negotiating the terms of the consignment agreement, the buyer and the supplier mutually agree to set the aging onset point as receipt and the aging period as five days. The terms also say that the consumption advice will be generated daily. In which three scenarios will the goods be transferred from the supplier's ownership to buyer's ownership? (Choose three.)

A. You received the goods today and after three days you transfer the ownership using the "create transfer to consigned transaction" task.

B. You received the goods today and after six days you decide to transfer the ownership using the "create transfer to consigned transaction" task.

C. You received the goods today and you decide to issue the goods after three days without transferring the ownership.

D. You received the goods today and after four days you return the material to the supplier.

E. You received the goods today and for the next one week you do not plan any action on the same.

F. You received the goods today and you transfer the ownership using the "create transfer to owned transaction" task.

You have a high value item that you want to audit on an unscheduled basis to deter pilfering. Which two methods could you use to do this? (Choose two.)

A. Based on Item Category

B. Manual Cycle Count

C. Blind Inventory Count

D. ABC Count

E. Automated Cycle Count

Your client has just set up their chart of accounts. They are now designing the organization hierarchy in

the system.

Which three structures should the customer use to do this?

A. Warehouse, Subinventory, and Locators

B. Divisions, Business Units, and Departments

C. Cost type, Default Cost Structure, and Item Organization

D. Cost Centers, Organizations, and Locations

Identify the correct sequence of consigned inventory process flow.

A. Consumption advice sent to supplier - Consignment order sent to supplier - Consignment agreement creation - Consigned inventory received by buyer

B. Consignment order sent to supplier - Consignment agreement creation - Consigned inventory received by buyer - Consumption advice sent to supplier

C. Consignment order sent to supplier - Consignment agreement creation - Consumption advice sent to supplier - Consigned inventory received by buyer

D. Consignment agreement creation - Consignment order sent to supplier - Consigned inventory received by buyer - Consumption advice sent to supplier

Your supplier sent you stock against a consigned agreement. You transferred all the stock to owned and generated a consumption advice. An invoice was raised by the supplier and the payment made. A few days after using some of the quantities of the stock, you realized that some of the stock sent by the supplier is not of suitable quality and you need to send the stock back. What is the process of returning the material?

A. Return the material and create a debit memo for the supplier.

B. You cannot return consigned items that are invoiced and paid. Treat the material as scrap.

C. You have to transfer the ownership of item and perform the return transaction.

D. You have to cancel the invoice and send the material back without changing the ownership.

In Supply Chain Orchestration, Automated Change Management performs which two functions?

A. splitting of a sales order

B. changing the ship method on a sales order

C. changing the supplier on a purchase order

D. change to need by dates of a purchase order

E. change to item attributes

Identify three statements that are true about reservations in back-to-back processing.

A. Changes to reservation in Oracle Logistics Cloud leads to exceptions, which are displayed in the Supply Chain Orchestration work area.

B. Reservation supplies that can be reserved are Purchase Orders, Transfer Orders, Work Orders, and On Hand inventory.

C. Reservations cannot be created for back-to-back On Hand supply orders.

D. Partial fulfillment of reservations is supported.

E. One reservation is created for a demand and supply.

Identify the availability type that is applicable for the item quantities maintained in a unit of measure different from the primary unit of measure and is available for various transactions.

A. Available

B. Secondary Available Quantity

C. Reserved

D. On Hand

E. Secondary On-hand Quantity

Which statement is false about generating an Internal Material Transfer for expense destination Transfer Order?

A. Cost Management will pick up the delivery transaction directly from Receiving and process the expense accounting from that transaction.

B. Cost for Lot and serial numbers are tracked at put away time when the items are recorded in a destination inventory location.

C. Expense destination transfers are expensed upon delivery hitting an expense account instead of an inventory asset account as would be the case for inventory destination transfers.

D. If the receipt is required, then accounting of the receipt delivery transaction will happen only in Receipt Accounting because there will not be a delivery transaction in inventory.

E. If the receipt is not required, Cost Accounting will pick up both the issue and receipt activity from the single inventory transaction "Transfer Order Issue".

Your client wants the purchasers to be able to run the min-max plan for items under their control and then

manage the POs created out of these.

Which parameters can they use to be able to do this?

A. From Planner to Planner

B. From Buyer to Buyer

C. From Item to Item

D. Sort by

E. Planning Level