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Oracle Inventory Cloud 2023 Implementation Professional Sample Questions:

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

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.

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.

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".

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.

Solutions: