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Oracle 1Z0-1073-23 Exam Syllabus Topics:

SectionObjectives
Topic 1: Setting up Costing and Inventory- Costing Configuration
  • 1. Understand managerial and cost accounting
  • 2. Configure inventory costing
Topic 2: Understanding Consigned Inventory from a Supplier- Consigned Inventory Management
  • 1. Manage ownership transfers
  • 2. Configure consignment agreements
  • 3. Generate consumption advice
Topic 3: Implementing Enterprise Structures- Enterprise Structure Design
  • 1. Configure inventory organizations
  • 2. Configure item and cost organizations
  • 3. Define legal entities and business units
Topic 4: Creating Inventory Transactions- Inventory Transaction Processing
  • 1. Manage receipts and picking
  • 2. Process interorganization transfers
  • 3. Create transfer orders
Topic 5: Setting up Advanced Inventory Transactions- Advanced Inventory Features
  • 1. Manage serial and lot controlled items
  • 2. Configure material status control
  • 3. Review reservations and item availability
Topic 6: Executing Back-to-Back Process- Back-to-Back Supply Flow
  • 1. Handle supply exceptions
  • 2. Manage back-to-back orchestration
Topic 7: Implementing Supply Chain Orchestration- Supply Chain Orchestration
  • 1. Manage business flows
  • 2. Handle orchestration exceptions
Topic 8: Configuring Inventory Counts- Inventory Counting
  • 1. Manage physical inventory counts
  • 2. Configure cycle counting
Topic 9: Integrating with External Systems- External Integration
  • 1. Use FBDI integration
  • 2. Import inventory transactions and balances
  • 3. Use ADFDi integration
Topic 10: Maintaining Inventory Replenishment- Inventory Replenishment
  • 1. Manage PAR locations
  • 2. Configure min-max planning

Oracle Inventory Cloud 2023 Implementation Professional Sample Questions:

Question #1

As part of implementing Oracle Cloud for your customer, you defined multiple Business Units. The customer wants you to define an Inventory Organization that is associated with all the business units and not just one particular business unit.
How do you achieve this?

  • A. Define the Inventory Organization without associating it with any location.
  • B. It is not possible to define an Inventory Organization that is associated with more than one business unit.
  • C. Leave the Management Business Unit field blank in the Inventory Organization definition.
  • D. Leave the Profit Center Business Unit field blank in the Inventory Organization definition.
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

Question #2

A third-party service equipment is used for various purposes in a manufacturing facility and needs to be overhauled once a year. This equipment is charged based on its consumption without a project dependency.
At this point, it should be transferred out to the vendor's warehouse for maintenance and then returned back in the future depending upon the requirement.
The material stock transfer should happen with an offline approval and with an account alias as a logical reference.
What is the ideal way to handle this process?

  • A. Subinventory Transfer
  • B. Move Request
  • C. Miscellaneous Transaction
  • D. Transfer Order
  • E. Requisitions
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

Question #3

Your company has multiple inventory organizations where goods are transferred internally. A user has created a new organization but the new organization is unavailable when creating an interorganization transfer.
What is the missing setup?

  • A. The source and destination organization doesn,t belong to the same legal entity.
  • B. Interorganization Parameters are not set up between the organizations.
  • C. The destination organization transfer type is In Transit.
  • D. Inventory organization data access for users is not set up.
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

Question #4

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 Centers, Organizations, and Locations
  • D. Cost type, Default Cost Structure, and Item Organization
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

Question #5

Your client is about to define their primary ledger.
Which set of three primary attributes do they need to know in order to complete this?

  • A. Currency, Description, and Accounting Method
  • B. Chart of Accounts, Ledger Balance, and Accounting Method
  • C. Chart of Accounts, Description, and Accounting Method
  • D. Chart of Accounts, Accounting Calendar, and Currency
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

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