100% Guarantee 1z0-1007 Exam Questions 2021

NEW QUESTION 1
Identify two control options that are enabled when a buyer selects the ‘Group requisition lines’ field while creating a Blanket Purchase Agreement.

• A. Group requisitions
• B. Apply price updates to existing orders
• C. Use need-by date
• D. Automatically submit for approval
• E. Use ship-to organization and location

Answer: CE

NEW QUESTION 2
Your customer frequently orders a specific item from a selected list of suppliers. Some of the suppliers provide the item at a negotiated price, whereas other suppliers change the price throughout the year.
How should you set up this item in Oracle Procurement Cloud to address both requirements?

• A. Create a Contract Purchase Agreement for the varied price supplier and do not create any kind of agreement for the fixed price supplier.
• B. Create a Planned Purchase Order for the fixed price supplier and do not create any kind of agreement for the varied price supplier.
• C. Create a Blanket Purchase Agreement for the negotiated price supplier and a Contract Purchase Agreement for the varied price supplier.
• D. Create a Contract Purchase Agreement for the fixed price supplier and a Blanket Purchase Agreement for the varied price supplier.

Answer: C

NEW QUESTION 3
You have defined your negotiation style and named it ‘ABC negotiation style’. Subsequently, you try to add collaboration team members on a negotiation that is based on the ‘ABC negotiation style’ and find that the ‘Collaboration Team’ field is disabled. Identify the cause.

• A. Cost factors are not set up for negotiations for participants, causing no collaboration to negotiate cost.
• B. The ‘Collaboration Team’ checkbox is unchecked in the style.
• C. The ‘Requirements and Instructions’ checkbox is unchecked in the style.
• D. Online collaboration is visible only to the Requisition Prepare

Answer: B

NEW QUESTION 4
An organization implementing Supplier Qualification management has multiple procurement
business units: PR BU1, PR BU2, and PR BU3. The Corporate dead office (CORP BU) is also defined as one of the procurement business units.
The organization wants to maintain and manage the Qualification area-A for use by all the procurement business units, but wants the Qualification area-B to be used only by CORP BU and PR BU1.
Identify two setups to fulfill this requirement.

• A. Create the question in CORP BU and select the “Global” check box.
• B. Create the Qualification area-A in CORP BU and select the “Global” check box.
• C. Create the Qualification area-B in CORP BU and select the “Global” check box.
• D. Create the Qualification area-B in CORP BU and select PR BU1.
• E. Create the Qualification area-A in PR BU2 and select PR BU3.

Answer: BD

NEW QUESTION 5
Your organization is implementing Supplier Qualification Management (SQM) and wants the supplier qualification process to be executed with segregation of duties in the following manner:
- for qualification management (Vendor development team-VD)
- independent evaluation (Procurement Department-PD)
- involvement of internal subject matter experts (SME) Identify the correct setup to meet this requirement.

• A. initiatives created and owned by VD, internal response and evaluation by SME
• B. initiatives created and owned by PD, internal response by VD, and evaluation by SME
• C. initiatives created and owned by VD, internal response by SME, and evaluation by PD
• D. initiatives created and owned by VD, internal response by PD, and evaluation by SME

Answer: C

NEW QUESTION 6
A Procurement Contracts user wants to create a deliverable with output document as Purchase
Order in Oracle Purchasing Cloud. The user would like to know the status of the PO creation and also details of the PO.
Identify the location where the user can view this information.

• A. The user can view the purchase order in the Deliverable tab of that contract in Procurement Contracts.
• B. The user cannot view the PO information in Procurement contrac
• C. They must navigate to Purchasing.
• D. The user can view the purchase order in the “Purchasing Activity” tab under the Fulfillment tab of that contract in Procurement Contracts.
• E. The User can view the PO information under the Purchasing tab in contract line of that contract in Procurement Contracts.

Answer: C

NEW QUESTION 7
During the implementation, your customer wants to understand the key features of the two-stage Request For Quotation (RFQ) available in Oracle Sourcing Cloud.
Identify three features of the two-stage RFQ.

• A. Technical and Commercial Evaluation
• B. Open Auctions
• C. Two stage Evaluation
• D. Response Visibility Blind
• E. Response Visibility Open
• F. Response Visibility is always Sealed

Answer: ACF

NEW QUESTION 8
Your customer has three Business Units, of which two are requisitioning Business Units and one is a Procurement Business Unit. They want to define each document number based on document type and business unit combination in Oracle Procurement Cloud.
Which Functional Setup Manager task can be used to accomplish these requirements?

• A. Manage Common Options for Payables and Procurement
• B. Manage Procurement Document Numbering
• C. Configure Procurement Business Function
• D. Configure Requisitioning Business Function

Answer: B

NEW QUESTION 9
While configuring offerings, you had deselected the “Supply Chain Financial Orchestration of Procurement Flows” check box and had locked the feature. However, because of changes in the business requirements, you are required to enable the feature.
Identify the prerequisite step to perform this change.

• A. Navigate to the “Select Feature Choices” page of the Procurement Offering and unlock the feature.
• B. Deselect the “Enable for Implementation” check box of the Procurement Offering.
• C. Set the implementation status to “In Progress” of the procurement Offering.
• D. Change the Provisioned to “No” of the Procurement Offerin

Answer: B

NEW QUESTION 10
Your customer organization is headquartered in Toronto, and has three manufacturing facilities in Mexico, Taiwan and Austri

• A. The raw material requirements for these three manufacturing units are consolidated and procured from Mexico through the Mexico procurement divisio
• B. Identify an appropriate way to model thisscenario in Oracle Procurement Cloud.
• C. Requisitioning BU: Mexico, Taiwan, Austria and Procurement BU: Toronto
• D. Requisitioning BU: Toronto, Taiwan, Austria and Procurement BU: Mexico
• E. Requisitioning BU: Toronto and Procurement BU: Mexico
• F. Requisitioning BU: Toronto and Procurement BU: Toronto
• G. Requisitioning BU: Mexico, Taiwan, Austria and Procurement BU: Mexico

Answer: E

NEW QUESTION 11
During the User acceptance testing of your Cloud Procurement implementation, a user has created a purchase order and is trying to submit the purchase order for approval. On clicking Submit, the user
gets a “Funds check failed” error. Identify the cause of this error.

• A. Funds are insufficient and budget type is “Absolute”.
• B. Funds are insufficient and budget type is “Track”.
• C. Funds are insufficient and budget type is “Advisory”.
• D. Funds are available but the approver is not set up as “Budget Manager” for the selected budget for the business unit.

Answer: A

NEW QUESTION 12
When creating a non-catalog requisition, a requester checks the ‘New Supplier’ checkbox. By checking this checkbox, the user is _____.

• A. required to execute an ESS (Enterprise Scheduler Service) job to initiate the supplier registration process
• B. suggesting a possible new supplier that requires further action by the Buyer and the Supplier Administrator
• C. triggering an automated process to create a new supplier
• D. triggering an automated process to intimate a new supplier to register with the user’s company

Answer: A

NEW QUESTION 13
Your customer is using Cloud Supplier Qualification Management and Procurement Sourcing. What three actions can the category manager take within a negotiation to solicit additional information from suppliers or internal users?

• A. Create reusable Supplier Qualification questions directly in the negotiation.
• B. Copy the Supplier Qualification Area and use it as a requirement section.
• C. Solicit information in your negotiation that is in addition to negotiation lines.
• D. Copy Supplier Qualification Questions in the negotiation as a requiremen

Answer: ACD

NEW QUESTION 14
Your customer tells you that when they cancel a Purchase Order, the requisition referring to that Purchase Order should also be automatically canceled. Identify the setup that needs to be performed to fulfill this requirement.

• A. In the “Configure Requisitioning Business Function” task, select the “Create orders immediately after requisition import” check box.
• B. Automatic cancellation of requisition is not possibl
• C. Therefore, the customer must manually cancel the requisition after canceling the Purchase Order.
• D. In the “Configure Procurement Business Function” task, select the “Allow Item Description Update” check box.
• E. In the “Configure Requisitioning Business Function” task, set the “Cancel Backing Requisitions” value to Never.
• F. In the “Configure Requisitioning Business Function” task, set the “Cancel Backing Requisitions” value to Always.

Answer: E

NEW QUESTION 15
During the implementation, your customer has a requirement for a given business until to enable “funds check” on purchase orders. This requires that budgetary control be enabled.
What configuration must you complete to enable budgetary control in that business unit?

• A. Enable budgetary control by selecting the ledger and business unit by using the task Manage Budgetary Control.
• B. Enable budgetary control in both the Configure Requisition Business Function and Configure Procurement Business Function by selecting the business unit in scope.
• C. Enable budgetary control by selecting the business unit in scope using the task Configure Procurement Business Function.
• D. Enable budgetary control by selecting the business unit in scope using the task Configure Procurement and Payables Options.

Answer: D

NEW QUESTION 16
Identify two profile options that are required to configure Punchout Catalogs in Self Service Procurement.

• A. PO_DOC_BUILDER_DEFAULT_DOC_TYPE
• B. PORT_DISPLAY_EMBEDDED_ANALYTICS
• C. PO_DEFAULT_PRC_BU
• D. POR_PROXY_SERVER_NAME
• E. POR_PROXY_SERVER_PORT

Answer: DE