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Oracle Inventory Cloud 2023 Implementation Professional Sample Questions:

1. Which three statements about cost organization are correct? (Choose three.)

A) Profit center business unit can have one or more inventory organizations.
B) Profit center business units can have only one cost organization.
C) All inventory organizations of a cost organization need to within the same business unit.
D) A cost organization can have one or more inventory organizations.

2. Your client has decided that Discrete Manufacturing will be implemented at a future stage, so any new supply from current manufacturing will be added to current inventory by the Open Transactions Interface. The immediate requirement is to go live with Inventory and Order Management.
Which two seeded transaction types can be omitted for material status control?

A) All Transaction Types Related to Work in Process
B) Average Cost Update
C) Miscellaneous Issues and Receipts
D) All Internal Transactions
E) Backflush Subinventory Transfer

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

4. Your organization has lot controlled and non-lot controlled material and stores all defective material in a subinventory called "Defect." The organization does not want defective material to be available for reservations or for subsequent shipping to customers.
Which option satisfies this requirement?

A) Disallow all inventory transactions for the subinventory "Defect."
B) Assign the subinventory a material status that disallows reservations and allows subinventory transfers and issues to scrap.
C) Tag the lot as defective product.
D) Put a hold on the lot.

5. Which three statements are true regarding Managing Units of Measure? (Choose three.)

A) You must define Unit of measure class with a base unit of measure.
B) If you want to transact items in units of measure that belong to classes other than their primary UOM class, you must define conversions between the base units of measure in different UOM classes.
C) Conversions between classes are unique for each item, the conversion rate varies for intraclass unit of measure.
D) A unit of measure conversion is a mathematical relationship between two different units of measure.
E) A unit of measure standard conversion specifies the conversion factor by which the unit of measure is equivalent to the unit of measure class.

Solutions: