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Oracle Inventory Cloud 2023 Implementation Professional Sample Questions:

1. You are currently implementing Oracle Cloud for the Singapore entity of your multinational customer. Their head office is located in Japan. Apart from Singapore, their other entities are using a legacy system.
Their requirement is to implement Oracle Cloud in such a way that at the end of the financial year, all their financial reporting should be in Japanese Yen.
How will you fulfill the above requirement?

A) Define two ledgers one in SGD (Singapore Dollars) and one in Japanese Yen and transfer data of all the subledgers in these two primary ledgers.
B) This requirement cannot be fulfilled.
C) Define one primary ledger with Japanese Yen currency so that all the subledger data gets converted to Japanese Yen automatically.
D) Define one primary ledger with SGD (Singapore Dollars) as primary currency and use the reporting currency functionality to provide the necessary data in Japanese Yen currency.

2. Your company is an automobile spares manufacturing organization, which follows a discrete process. It has its own manufacturing and distribution centers located globally.
It has these business units:
US - USA business unit
CAN - Canadian business unit
UK - UK business unit
MX - Mexican business unit
IND - India business unit
SPA - Spain business unit
FRA - France business unit
NL - Netherlands business unit
GER - Germany business unit
These are the inventory organizations that exist in each business unit:
Inventory Org - business unit
--------------------------------------------
GM (Master Org) - US
US1 (Child Org) - US
US2 (Child Org) - US
CA1 (Child Org) - CAN
MX1 (Child Org) - MX
IN1 (Child Org) - IND
SP1 (Child Org) - SPA
FR1 (Child Org) - FRA
NL1 (Child Org) - NL
DE1 (Child Org) - GER
Which two statements are true?

A) Items cannot be assigned to inventory organizations across business units.
B) Items defined in the GM organization can be assigned to US1,US2, NL1, and MX1 inventory organizations.
C) You can define an item in the IN1 inventory organization and assign it to the DE1 inventory organization.
D) Operational Attributes can be controlled only at the Master Level.
E) Item organizations are also supported to serve as inventory organizations.
F) All inventory organizations do not need to be in the same business unit to assign items.

3. A third-party service equipment is used for various purposes in a manufacturing facility and needs to be overhauled once a year. This equipment is charged based on its consumption without a project dependency.
At this point, it should be transferred out to the vendor's warehouse for maintenance and then returned back in the future depending upon the requirement.
The material stock transfer should happen with an offline approval and with an account alias as a logical reference.
What is the ideal way to handle this process?

A) Miscellaneous Transaction
B) Requisitions
C) Transfer Order
D) Subinventory Transfer
E) Move Request

4. 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) Return the material and create a debit memo for the supplier.
C) You cannot return consigned items that are invoiced and paid. Treat the material as scrap.
D) You have to transfer the ownership of item and perform the return transaction.

5. Reorder quantities for an item subinventory are calculated using Fixed Lot Multiple and Round Order Quantity. Assume that the reorder quantity is 24 and you specify 10 for the fixed lot multiple and enable rounding the reorder quantity.
What will be the reorder quantity?

A) 30
B) 20
C) 24
D) 25

Solutions: