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Oracle Inventory Cloud 2023 Implementation Professional Sample Questions:

1. You defined an Inventory Organization that is meant to track the contract manufacturing process outsourced to a supplier.
Where do you mention that this Inventory Organization is meant for one particular supplier?

A) Manage Contract Manufacturing Relationships
B) Manage Item Organizations
C) Manage Subinventories
D) Manage Inventory Organizations
E) Manage Inventory Organization Locations

2. Your customer has received 50 boxes of item A (priced at $10 per box) and these items are transferred to the asset Inventory organization. There are no additional quantities in any of the inventory organizations apart from the received 50 boxes. After running all the necessary cost accounting and organizations apart from the received 50 boxes. After running all the necessary cost accounting and receipt accounting processes successfully, the item validation for item A is still zero.
What is the reason?

A) Items are consigned items and ownership lies with the supplier.
B) Items are not consigned items but ownership is still with the supplier.
C) Items are not consigned items and ownership is with the organization.
D) Items are consigned and ownership is transferred to "owned".

3. Your customer has a complex financial reporting structure.
Which three elements should you define first in order to form a basis for this reporting?

A) Legal, Autonomy, and Operational
B) Managerial, Operational, and Industry
C) Legal, Managerial, and Functional
D) Tax, Legal, and Industry

4. 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) You have to transfer the ownership of item and perform the return transaction.
B) You have to cancel the invoice and send the material back without changing the ownership.
C) You cannot return consigned items that are invoiced and paid. Treat the material as scrap.
D) Return the material and create a debit memo for the supplier.

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

Solutions: