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Oracle Inventory Cloud 2023 Implementation Professional Sample Questions:

1. An inventory transaction is imported to the system through an FBDI template.
Which transaction state denotes that an inventory transaction is created in the Oracle Cloud Inventory Management application?

A) New
B) Created
C) Staged
D) Deferred
E) Validated

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

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

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

4. Cost Accounting captures costed transactions that are picked up by the cost processor for all of the following but one - which is NOT, and picked up by the cost processor?

A) Resource transactions are interfaced directly from Manufacturing
B) Shipping, receiving, and inventory transactions from manufacturing
C) Period close adjusting journal entries for payroll
D) Invoices and revenue are interfaced from Fusion Receivables
E) Payable invoices are interfaced from Fusion Payables

5. You have orders that were due for shipping last week, but as of now they have not been shipped.
Which dashboard should you check at the end of the day to determine which orders have been shipped?

A) Orders Completed in Full
B) Past Due Shipments
C) Past Due, Completed Today
D) Due Today, Not Completed
E) Past Due, Not Completed

Solutions: