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Oracle Inventory Cloud 2023 Implementation Professional Sample Questions:

1. While performing the task "Create Chart of Accounts, Ledger, Legal Entities, and Business Units in Spreadsheet Task", you did not provide the functional currency; however, you mentioned that the legal entity country is the United States of America.
What will be the functional currency of the ledger you are defining?

A) The system will automatically pick "USD" as functional currency from the legal entity country.
B) The system will ask the user to provide functional currency at the time of uploading the spreadsheet if it is not provided in the first place.
C) It is mandatory to provide functional currency, because ledger cannot be defined without functional currency. The system will throw an error upon processing.
D) It is mandatory to provide functional currency because ledger cannot be defined without functional currency. The system will throw an error upon upload of the spreadsheet because all required fields are not populated.
E) The system will pick the first available currency from the List of Values.

2. Your organization is using min-max planning to replenish stock and the planning parameters are set at item organization level with a default subinventory:
Item: A, Min Qty: 25, Max Qty: 150 and Current Level: 20
The item above is purchased from a supplier. Although there is subinventory on hand, the subinventory is below the minimum required level. This should trigger a Min-Max report entry, but the requisition is not generated. Why?

A) Fixed lot multiplier is not set.
B) No value has been set for the "Min-Max Replenishment Reorder Approval" profile.
C) Min-max planning can be performed at the Organization level.
D) Item is not defined in Manage Item Subinventories.
E) Rounding the Reorder Quantity is disabled.

3. What three Key Performance Indicators are available in the Warehouse Operations Dashboard?

A) Shipment Value
B) Hit or Miss Accuracy
C) Exact Matches Rate
D) Cycle Count
E) Inventory Value
F) Distributed Value

4. Your organization performs a restock via a transfer order between inventory organizations, using the following parameters for processing:
Transfer Type: In-transit transfer type Receipt Routing: Standard
Transfer Order Required: Yes
During the process, the receiving organization wants to make a change to the transfer order line. After which fulfillment stage will they no longer be able to change the transfer order?

A) Ship Confirm
B) Awaiting Fulfillment
C) Awaiting Receiving
D) Awaiting Billing
E) Closed

5. An inventory transaction is imported to the system through an FBDI template.
Which transaction state denotes that an inventory transaction is created in the Oracle Cloud Inventory Management application?

A) Staged
B) New
C) Deferred
D) Validated
E) Created

Solutions: