Oracle 1Z0-1073-23 Exam : Oracle Inventory Cloud 2023 Implementation Professional

  • Exam Code: 1Z0-1073-23
  • Exam Name: Oracle Inventory Cloud 2023 Implementation Professional
  • Updated: Sep 12, 2026
  • Q & A: 81 Questions and Answers

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Oracle 1Z0-1073-23 Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: Implementing Enterprise Structures15%- Model managerial and functional structures
- Set up inventory organizations
- Explain legal entities and their system roles
- Design enterprise fundamental structures
- Describe item and cost organizations
Topic 2: Inventory Replenishment10%- Configure and run min-max planning
- Set up PAR location replenishment
Topic 3: Integration and Orchestration10%- Integrate with external systems via ADFDi and FBDI
- Use Supply Chain Orchestration
Topic 4: Advanced Inventory Transactions15%- Process lot and serial number controlled items
- Set up and manage inventory reservations
- Configure and use material status control
- Handle project-specific inventory transactions
- Check inventory balances and item availability
Topic 5: Back-to-Back Fulfillment Process10%- Apply back-to-back process flow
- Resolve exceptions in back-to-back fulfillment
Topic 6: Inventory Transactions20%- Perform receiving and putaway transactions
- Process interorganization transactions
- Execute picking and shipping operations
- Create subinventory transfers and miscellaneous transactions
- Manage movement requests and transfer orders
- Relate inventory transactions to manufacturing processes
Topic 7: Inventory Counting and Reconciliation10%- Perform physical inventory counts and adjustments
- Configure and execute cycle counting
Topic 8: Consigned Inventory from Suppliers10%- Manage ownership transfers and returns
- Explain consignment inventory process flow
- Create consumption advice

Oracle Inventory Cloud 2023 Implementation Professional Sample Questions:

Question #1

Which three statements are true regarding PAR Location Management?

  • A. PAR location management replenishment are calculated at the organization level or subinventory level.
  • B. Periodic Automated Replenishment (PAR) enabled facilities that do not store perpetual inventory (such as hospitals) to perform locator-level replenishment.
  • C. If the stock level falls below the target on-hand quantity for the locator, inventory generates the appropriate replenishment document based on the item sourcing for the subinventory.
  • D. Organizations can perform locator-level stock counting for both quantity and non-quantity tracked subinventories.
  • E. A receipt is required on interorganization expense destination transfer orders between the from and to organizations
Reveal Solution  Discussion  0

Correct Answer: B,D,E  🗳️

Question #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 and ownership is transferred to "owned".
  • B. Items are not consigned items and ownership is with the organization.
  • C. Items are consigned items and ownership lies with the supplier.
  • D. Items are not consigned items but ownership is still with the supplier.
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

Question #3

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

  • A. Conversions between classes are unique for each item, the conversion rate varies for intraclass unit of measure.
  • B. A unit of measure standard conversion specifies the conversion factor by which the unit of measure is equivalent to the unit of measure class.
  • C. 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.
  • D. A unit of measure conversion is a mathematical relationship between two different units of measure.
  • E. You must define Unit of measure class with a base unit of measure.
Reveal Solution  Discussion  0

Correct Answer: B,D,E  🗳️

Question #4

Which statement is false about generating an Internal Material Transfer for expense destination Transfer Order?

  • A. Cost Management will pick up the delivery transaction directly from Receiving and process the expense accounting from that transaction.
  • B. Cost for Lot and serial numbers are tracked at put away time when the items are recorded in a destination inventory location.
  • C. If the receipt is required, then accounting of the receipt delivery transaction will happen only in Receipt Accounting because there will not be a delivery transaction in inventory.
  • D. Expense destination transfers are expensed upon delivery hitting an expense account instead of an inventory asset account as would be the case for inventory destination transfers.
  • E. If the receipt is not required, Cost Accounting will pick up both the issue and receipt activity from the single inventory transaction "Transfer Order Issue".
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

Question #5

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

  • A. All inventory organizations of a cost organization need to within the same business unit.
  • B. Profit center business units can have only one cost organization.
  • C. A cost organization can have one or more inventory organizations.
  • D. Profit center business unit can have one or more inventory organizations.
Reveal Solution  Discussion  0

Correct Answer: A,B,D  🗳️

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