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Oracle Inventory Cloud 2023 Implementation Professional Sample Questions:

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

2. You face a supply request exception due to some reason. You realize that you need to make some changes to the Manage Supply Request Exceptions page.
Which action will you perform?

A) Update the supply request and submit it. The errors will be resolved automatically.
B) Update the supply request and make sure errors are resolved before resubmitting it.
C) The supply request can be updated using a third-party application only.
D) The supply request cannot be updated. The only way is to resolve the error in the source application and resubmit the request.

3. Which three statements about the main areas of Managerial Accounting are correct? (Choose three.)

A) Receipt Accounting is the application that performs the accrual accounting for all types of receipts.
B) Cost method can be defined granularity down to individual items.
C) Supply Chain Orchestration automatically selects the correct process based on user-defined subleadger accounting rules when a supply creation is initiated.
D) Landed Cost Management gives organizations financial visibility into their extended supply chain costs.

4. What are two outcomes when a lot expires on an item with lot control enabled?

A) It cannot be transacted.
B) It is issued out of stores.
C) It cannot be reserved for a date beyond the expiration date.
D) It is not included in cycle counts.
E) It remains in inventory, but is not considered on-hand when the user is performing min-max or reorder point planning calculations.

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

Solutions: