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Oracle Inventory Cloud 2023 Implementation Professional Sample Questions:

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


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

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


3. Your organization performs a restock via a transfer order between inventory organizations, using the following parameters for processing:
Transfer Type: In-transit transfer type Receipt Routing: Standard
Transfer Order Required: Yes
During the process, the receiving organization wants to make a change to the transfer order line. After which fulfillment stage will they no longer be able to change the transfer order?

A) Ship Confirm
B) Awaiting Fulfillment
C) Closed
D) Awaiting Billing
E) Awaiting Receiving


4. 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 but ownership is still with the supplier.
C) Items are not consigned items and ownership is with the organization.
D) Items are consigned items and ownership lies with the supplier.


5. Your organization is using min-max planning to replenish stock and the planning parameters are set at item organization level with a default subinventory:
Item: A, Min Qty: 25, Max Qty: 150 and Current Level: 20
The item above is purchased from a supplier. Although there is subinventory on hand, the subinventory is below the minimum required level. This should trigger a Min-Max report entry, but the requisition is not generated. Why?

A) Rounding the Reorder Quantity is disabled.
B) Fixed lot multiplier is not set.
C) Item is not defined in Manage Item Subinventories.
D) No value has been set for the "Min-Max Replenishment Reorder Approval" profile.
E) Min-max planning can be performed at the Organization level.


Solutions:

Question # 1
Answer: A,C
Question # 2
Answer: B,D
Question # 3
Answer: C
Question # 4
Answer: D
Question # 5
Answer: A

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