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Oracle Fusion Cloud Procurement 2023 Implementation Professional - Delta Sample Questions (Q164-Q169):
NEW QUESTION # 164
Which of the following is a key benefit of using an RFQ in procurement?
- A. Streamlining the purchasing process by automating supplier selection.
- B. Enhancing collaboration and communication with suppliers.
- C. Reducing the risk of purchasing from unqualified or unreliable suppliers.
- D. Improving transparency and fairness in the procurement process.
Answer: C
Explanation:
One of the main benefits of using an RFQ is that it allows the buyer to gather information about potential suppliers' qualifications, capabilities, and reliability. By requesting quotes from multiple suppliers, the buyer can compare their responses and select a supplier that meets the desired criteria, reducing the risk of dealing with unqualified or unreliable vendors.
NEW QUESTION # 165
What is the purpose of defining Supplier Business Classification in Oracle Fusion Cloud Procurement?
- A. To assign suppliers to specific procurement categories.
- B. To classify suppliers based on their business type or industry.
- C. To categorize suppliers based on their geographic location.
- D. To rate suppliers based on their performance metrics.
Answer: B
Explanation:
Defining Supplier Business Classification in Oracle Fusion Cloud Procurement helps categorize suppliers based on their business type or industry. This classification enables better supplier management and allows for more targeted sourcing strategies tailored to specific supplier categories.
NEW QUESTION # 166
Which feature in Oracle Fusion Cloud Procurement allows users to define preconfigured templates for requisitions to save time and ensure consistent data entry?
- A. Public Shopping Lists
- B. Catalog -Category Hierarchies
- C. Templates
- D. Smart Forms
Answer: C
Explanation:
Templates in Oracle Fusion Cloud Procurement allow users to define preconfigured templates for requisitions. These templates can include predefined information such as item details, quantities, and required approvals, saving time and ensuring consistent data entry for similar types of requisitions.
NEW QUESTION # 167
Which procurement application is used for creating and submitting purchase requests?
- A. Contract Management
- B. Supplier Portal
- C. Requisition
- D. Purchase Order
Answer: C
Explanation:
The Requisition application is used for creating and submitting purchase requests. It enables employees to request goods or services needed for their job roles. Once a requisition is submitted, it goes through an approval process before a purchase order is created.
NEW QUESTION # 168
Which entity is responsible for defining and enforcing security policies within Oracle Fusion Cloud Procurement?
- A. Job roles
- B. Security policies
- C. Privileges
- D. Duty roles
Answer: B
Explanation:
Security policies are responsible for defining and enforcing the security measures within Oracle Fusion Cloud Procurement. They include rules and guidelines regarding access control, data protection, user authentication, and other security-related aspects. Security policies ensure the overall security and compliance of the system.
NEW QUESTION # 169
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