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Oracle Inventory Cloud 2023 Implementation Professional Sample Questions:

1. Your client is about to define their primary ledger.
Which set of three primary attributes do they need to know in order to complete this?

A) Chart of Accounts, Description, and Accounting Method
B) Chart of Accounts, Ledger Balance, and Accounting Method
C) Currency, Description, and Accounting Method
D) Chart of Accounts, Accounting Calendar, and Currency

2. 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) 25
D) 24

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 is issued out of stores.
C) It cannot be reserved for a date beyond the expiration date.
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 cannot be transacted.

4. Your client has not been managing Supply Request Exceptions on a regular basis.
What issue does this cause?

A) If exceptions are not resolved within a set threshold days, it alerts the manager and continues to escalate up the Supply Request Exception Chain.
B) No issues would be caused; these are just warnings.
C) After the errors reach a set threshold in profile options, no new requests can be created.
D) Supply orders are not created for these exceptions, thus causing disruptions in the Supply Chain.
E) The request will be denied automatically if not resolved within two days.

5. While creating the consignment agreement, you have set the consumption advice frequency to "monthly" and the billing cycle close date to "31st August, 2020".
What will happen when you run the consumption advice process on 31st August, 2020?

A) Consumption advice is created and the next closing date is set to 30th October, 2020.
B) Consumption advice is created and the next closing date is set to 30th September, 2020.
C) No consumption advice is created.
D) Consumption advice is created and the next closing date is set to 7th September, 2020.

Solutions: