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Oracle Fusion Cloud Procurement 2023 Implementation Professional - Delta Sample Questions (Q45-Q50):
NEW QUESTION # 45
Which of the following statements regarding Supplier Qualification Management (SQM) Initiatives is true?
- A. Initiatives are used to create purchase orders for suppliers.
- B. Initiatives are used to track supplier invoices for payment.
- C. Initiatives are used to specify the supplier selection criteria.
- D. Initiatives are used to evaluate suppliers, performance.
Answer: C
Explanation:
SQM Initiatives are used to define and manage the supplier qualification process. They specify the criteria and requirements that suppliers must satisfy in order to be considered for qualification. Initiatives are not related to creating purchase orders, tracking invoices, or evaluating suppliers' performance.
NEW QUESTION # 46
What is the purpose of configuring Negotiation and Award Approval in Oracle Fusion Cloud Procurement?
- A. To streamline the negotiation and award process by automating approval workflows.
- B. To allow multiple buyers to collaborate on a negotiation and collectively decide on awarding a contract.
- C. To validate and verify supplier information and eligibility before awarding a contract.
- D. To define approval rules and hierarchies for the procurement process.
Answer: A
Explanation:
Configuring Negotiation and Award Approval in Oracle Fusion Cloud Procurement enables the automation of approval workflows for the negotiation and award process. By defining approval rules and hierarchies, buyers can ensure that the appropriate stakeholders review and approve negotiations and contract awards. This streamlines the process, reduces manual effort, and ensures consistent and efficient decision-making.
NEW QUESTION # 47
Which of the following is a key benefit of using Project Templates in Project-Driven Supply Chain?
- A. It enables the creation of accurate project budgets and forecasts.
- B. It automates the creation and approval of purchase orders for project- related expenses.
- C. It provides real-time insights into project progress and milestones.
- D. It facilitates the sharing and reuse of project configurations and setups.
Answer: D
Explanation:
Project Templates in Project-Driven Supply Chain allow users to create standardized project configurations and setups that can be shared and reused across different projects. This feature promotes consistency and efficiency in project management by eliminating the need for repetitive configuration tasks. It also ensures that best practices and approved setups are applied consistently across projects, saving time and effort for project teams.
NEW QUESTION # 48
A customer wants to be able to see the recoverable and non recoverable components of inclusive taxes in addition to existing exclusive taxes on purchase orders.In the Manage Configuration Owner Tax task, which option can achieve this?
- A. Enable the Inclusive Treatment for Calculated Tax option for purchase orders.
- B. Enable the Exclusive Treatment for Calculated Tax option for purchase orders.
- C. Enable the Supplier Inclusive Tax for Calculated Tax option, for purchase orders.
- D. Enable the Allow Supplier Tax Variance Calculated Tax option for purchase orders.
- E. Enable the Enforce Calculated Tax from Reference Document option for purchase orders.
Answer: A
NEW QUESTION # 49
Which of the following components is NOT part of the Supplier Qualification Management (SQM) process?
- A. Evaluation of potential suppliers
- B. Qualification criteria definition
- C. Qualification scoring and monitoring
- D. Supplier contract negotiation
Answer: D
Explanation:
Supplier contract negotiation is not part of the Supplier Qualification Management (SQM) process. SQM focuses on the upfront qualification process, which involves defining qualification criteria, evaluating potential suppliers, and scoring and monitoring their qualifications. Supplier contract negotiation typically falls under the supplier management or procurement contract management processes.
NEW QUESTION # 50
......
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