Oracle Oracle Fusion Cloud Procurement 2024 Implementation Professional 1z0-1065-24 Exam Dumps: Updated Questions & Answers (October 2025)

To create an Inventory Organization to receive procurement transactions, you can follow these steps:

Navigate to the Setup and Maintenance work area and search for the Manage Inventory Organizations task.

Click on the Go to Task icon to open the Manage Inventory Organizations page.

Click on the Create icon to create a new inventory organization.

Enter the following information in the Create Inventory Organization dialog box:

Name: PRC01 Organization

Code: PRC01ORG

Business Unit: US1

Legal Entity: US1

Location: Redwood City - CA

Item Master Organization: Operations

Item Grouping Behavior: Definition Organization

Schedule: Operations

Click on the Save and Close button to save the inventory organization.

You have successfully created an inventory organization to receive procurement transactions. You can verify the inventory organization details by searching for it in the Manage Inventory Organizations page. For more information on how to create and manage inventory organizations, you can refer to the Inventory Organizations document.

Or use the following steps:Following the scenario, we need to create a new Inventory Organization in Oracle Procurement Cloud named "PRCXX Organization" (replace xx with 01) to receive procurement transactions.

Here are the steps to create the Inventory Organization:

Navigate to Manage Inventory Organizations:

Go to the Global Navigation Menu.

Click on Supply Chain.

Click on Setup and Maintenance.

Click on Inventory Organizations.

Create the Inventory Organization:

Click on the Create icon (+ icon).

Enter the Inventory Organization Information:

Name: Enter "PRCXX Organization" (replace xx with 01).

Organization Code: Enter "PRCXXORG" (replace xx with 01).

Business Unit: Select "US1 Business Unit".

Legal Entity: Select "US1 Legal Entity".

Location: Select "Redwood City - CA".

Item Master Organization: Select "Operations".

Item Grouping Behavior: Select "Definition Organization".

Schedule: Select "Operations".

Description: (Optional) Enter a brief description of the inventory organization.

Define Item Sourcing Details:

Click on the Item Sourcing Details tab.

Click on the Create icon (+ icon).

Enter the item sourcing details for your organization, including:

Picking Defaults

Inventory Lead Time

Supply Subinventory

Shipping Rules

Click on the Save and Close button.

Save the Inventory Organization:

Click on the Save button.

Verification:

The Inventory Organization "PRCXX Organization" (replace xx with 01) should now be listed in the Manage Inventory Organizations page.

You can verify the details of the organization by clicking on it.

The linked Business Unit, Legal Entity, Location, Item Master Organization, Item Grouping Behavior, and Schedule should be displayed as specified above.

Additionally, the Item Sourcing Details should reflect the defined values for picking, lead time, subinventory, and shipping rules.

Additional Notes:

Make sure to replace "xx" with your allocated User ID (01) in both the Inventory Organization name and code for consistent naming convention.

The Item Master Organization defines the organization responsible for managing item information.

The Item Grouping Behavior determines how items are grouped for inventory purposes.

The Schedule defines the calendar used for scheduling inventory transactions.

Carefully review and configure the Item Sourcing Details to ensure proper receipt and fulfillment of procurement transactions within your organization.

To define a Procurement Agent, you can follow these steps:

Navigate to the Setup and Maintenance work area and search for the Manage Procurement Agents task.

Click on the Go to Task icon to open the Manage Procurement Agents page.

Click on the Create icon to create a new procurement agent.

Enter the following information in the Create Procurement Agent dialog box:

Procurement Business Unit: US1 Business Unit

Agent: Student, PRC01

Procurement Actions: Select all the check boxes to assign all the default procurement actions

Click on the Save and Close button to save the procurement agent.

You have successfully defined a procurement agent. You can verify the procurement agent details by searching for it in the Manage Procurement Agents page. For more information on how to define and manage procurement agents, you can refer to the Define Procurement Agents (Oracle Fusion Cloud Procurement Implementation Guide) document.

Or the following steps:

Following the scenario, we need to define you (Student, PRCXX) as a Procurement Agent with access to manage procurement transactions in the US1 Business Unit.

Here are the steps to define the Procurement Agent:

Navigate to Manage Procurement Agents:

Go to the Global Navigation Menu.

Click on Procurement.

Click on Setup and Maintenance.

Click on Procurement Agents.

Create the Procurement Agent:

Click on the Create icon (+ icon).

Enter the Procurement Agent Information:

Procurement BU: Select "US1 Business Unit".

Agent: Enter your assigned Login username - "Student, PRCXX" (replace xx with 01).

Requisitioning BU: (Optional) You can select a specific Requisitioning Business Unit if you primarily handle requests from that unit. Otherwise, leave it blank.

Default Procurement Actions: Select "Use Defaults". This assigns all default procurement actions (create purchase orders, issue requisitions, etc.) to you.

Save the Procurement Agent:

Click on the Save button.

Verification:

You should now be listed as a Procurement Agent in the Manage Procurement Agents page.

You can verify your assigned actions and Business Units by clicking on your record.

You should be able to create and manage procurement transactions within the US1 Business Unit.

Additional Notes:

Make sure to replace "xx" with your allocated User ID (01) in the Agent field for accurate identification.

Selecting "Use Defaults" assigns all standard procurement actions to you. You can customize these actions later if needed.

Remember that your access level and permissions within the Procurement module will be determined by your Procurement Agent role and associated Business Units.

To create a location for your purchasing headquarters, you can follow these steps:

Navigate to the Setup and Maintenance work area and search for the Manage Locations task.

Click on the Go to Task icon to open the Manage Locations page.

Click on the Create icon to create a new location.

Enter the following information in the Create Location dialog box:

Location Set: US Location Set

Name: PRC01 Location

Code: PRC01LOC

Address Line 1: 1000 Main St

City: Redwood City

State: CA

Postal Code: 94065

Country: United States

Check the Active check box to make the location active.

Click on the Save and Close button to save the location.

You have successfully created a location for your purchasing headquarters. You can verify the location details by searching for it in the Manage Locations page.

OR use the following:Following the scenario, we need to create a Location in Oracle Procurement Cloud for your purchasing headquarters in Redwood City, CA, with the following details:

Location Set: US Location Set

Name: PRCXX Location (Replace xx with 01)

Code: PRCXXLOC (Replace xx with 01)

Address: 1000 Main St, Redwood City, CA, 94065

Status: Active

Here are the steps to create the location:

Navigate to Manage Locations:

Go to the Global Navigation Menu.

Click on Workforce Structures.

Click on Locations under My Client Groups.

Create the Location:

Click on the Create icon (+ icon).

Enter the Location Information:

Location Set: Select "US Location Set" from the dropdown list.

Name: Enter "PRCXX Location" (replace xx with 01).

Code: Enter "PRCXXLOC" (replace xx with 01).

Address:

Enter "1000 Main St" in Address Line 1.

Enter "Redwood City" in the City field.

Select "CA" from the State dropdown list.

Enter "94065" in the Postal Code field.

Status: Select "Active" from the dropdown list.

Save the Location:

Click on the Save button.

Verification:

The Location "PRCXX Location" (replace xx with 01) should now be listed in the Manage Locations page.

You can verify the details of the location by clicking on it.

Task 7: Create a Qualification Area for Supplier Questions

Following the scenario, we need to create a new Qualification Area in Oracle Procurement Cloud named "PRCXX Area 1" (replace xx with 01) to organize the previously created supplier question.

Here are the steps to create the Qualification Area:

Navigate to Manage Qualification Areas:

Go to the Global Navigation Menu.

Click on Procurement.

Click on Setup and Maintenance.

Click on Supplier Qualification.

Click on Areas.

Create the Qualification Area:

Click on the Create icon (+ icon).

Enter the Qualification Area Information:

Name: Enter "PRCXX Area 1" (replace xx with 01).

Description: Enter a brief description, such as "Company History and Experience".

Owning Procurement BU: Select "US1 Business Unit".

Expiration Period: Enter "10" in the Days field. This defines how long a supplier's responses will be valid before requiring re-evaluation.

Default Qualification Owner: (Optional) Select a user who will be automatically assigned as the owner for newly created qualifications associated with this area.

Active: Select "Yes" to activate the area.

Add Qualification Questions:

Click on the Questions and Outcomes icon.

Select the previously created supplier question "PRCXX Q1" (replace xx with 01).

Click on the Add icon (+ icon) to add it to the area.

Define Outcomes:

Click on the Outcomes tab.

Click on the Create icon (+ icon) to define possible outcomes for the area.

Enter three outcome options:

Excellent

Average

Poor

Assign a score or weight to each outcome if desired.

Save the Qualification Area:

Click on the Save button.

Verification:

The Qualification Area "PRCXX Area 1" (replace xx with 01) should now be listed in the Manage Qualification Areas page.

You can verify the area details, description, and associated supplier question by clicking on it.

The owning procurement BU, expiration period, default owner, active status, and defined outcomes should be displayed as specified above.

Additional Notes:

Make sure to replace "xx" with your allocated User ID (01) in the area name for consistent naming convention.

The expiration period determines how often suppliers need to update their information for this area.

Adding a default qualification owner simplifies the assignment process for new qualifications.

Defining outcomes allows you to evaluate the responses to the qualification questions and assign scores or weights based on their performance.

Task 6: Create a Qualification Question for Suppliers

Following the scenario, we need to create a new Qualification Question in Oracle Procurement Cloud named "PRCXX Q1" (replace xx with 01) to assess potential suppliers' years in business.

Here are the steps to create the Qualification Question:

Navigate to Manage Supplier Qualification Questions:

Go to the Global Navigation Menu.

Click on Procurement.

Click on Setup and Maintenance.

Click on Supplier Qualification.

Click on Questions.

Create the Qualification Question:

Click on the Create icon (+ icon).

Enter the Qualification Question Information:

Name: Enter "PRCXX Q1" (replace xx with 01).

Question Level: Select "Supplier".

Responder Type: Select "Supplier".

Question Type: Select "Multiple Choice - Single Select".

Question Text: Enter "How many years have you been in business?".

Required: (Optional) Select "Yes" if suppliers must answer this question.

Active: Select "Yes" to activate the question.

Define Acceptable Responses:

Click on the Add icon (+ icon) to add new response options.

Enter the following response options:

0

3

10

Save the Qualification Question:

Click on the Save button.

Verification:

The Qualification Question "PRCXX Q1" (replace xx with 01) should now be listed in the Manage Supplier Qualification Questions page.

You can verify the question details and acceptable responses by clicking on it.

The question level, responder type, question type, text, required status, and active status should be displayed as specified above.

The acceptable responses should include 0, 3, and 10 years.

Additional Notes:

Make sure to replace "xx" with your allocated User ID (01) in the question name for consistent naming convention.

Selecting "Multiple Choice - Single Select" limits suppliers to choosing one answer.

You can add additional acceptable responses if needed.

Activating the question makes it visible to suppliers during the qualification process.

To create a new Purchasing Line Type, you can follow these steps:

Navigate to the Setup and Maintenance work area and search for the Manage Purchasing Line Types task.

Click on the Go to Task icon to open the Manage Purchasing Line Types page.

Click on the Create icon to create a new line type.

Enter the following information in the Create Line Type dialog box:

Name: PRC01 Computer Goods

Code: PRC01COMP

Purchase Basis: Quantity

Product Type: Goods

Category: Computer Supplies

Unit of Measure: Ea

Click on the Save and Close button to save the line type.

You have successfully created a new Purchasing Line Type. You can verify the line type details by searching for it in the Manage Purchasing Line Types page. For more information on how to define and use line types, you can refer to the Defining Line Types (Oracle Purchasing Help) document.

Or use the following:

Following the scenario, we need to create a new Purchasing Line Type in Oracle Procurement Cloud named "PRCXX Computer Goods" (replace xx with 01) for purchasing computer supplies.

Here are the steps to create the Purchasing Line Type:

Navigate to Manage Purchasing Line Types:

Go to the Global Navigation Menu.

Click on Procurement.

Click on Setup and Maintenance.

Click on Purchasing Line Types.

Create the Purchasing Line Type:

Click on the Create icon (+ icon).

Enter the Purchasing Line Type Information:

Name: Enter "PRCXX Computer Goods" (replace xx with 01).

Code: Enter "PRCXXCOMP".

Purchase Basis: Select "Quantity-Based".

Product Type: Select "Goods".

Category: Select "Computer Supplies".

Unit: Enter "Ea" (for Each).

Description: (Optional) Enter a brief description of the line type.

Map Accounts:

Click on the Map Accounts tab.

Select the appropriate accounts for the following:

Inventory Asset Account

Inventory Expense Account

Cost of Goods Sold Account

Click on the Save and Close button.

Save the Purchasing Line Type:

Click on the Save button.

Verification:

The Purchasing Line Type "PRCXX Computer Goods" (replace xx with 01) should now be listed in the Manage Purchasing Line Types page.

You can verify the details of the line type by clicking on it.

The purchase basis, product type, category, unit, and mapped accounts should be displayed as specified above.

Additional Notes:

Make sure to replace "xx" with your allocated User ID (01) in both the Purchasing Line Type name and code for consistent naming convention.

Mapped accounts define where the financial transactions associated with this line type will be posted in the General Ledger.

Carefully review the mapped accounts to ensure they are aligned with your organization's accounting practices.

To create a new Business Unit for your purchasing organization, you can follow these steps:

Navigate to the Setup and Maintenance work area and search for the Manage Business Unit task.

Click on the Go to Task icon to open the Manage Business Unit page.

Click on the Create icon to create a new business unit.

Enter the following information in the Create Business Unit dialog box:

Name: PRC01 Business Unit

Location: PRC01 Location

Default Set: USLOCS

Click on the Save and Close button to save the business unit.

You have successfully created a new business unit for your purchasing organization. You can verify the business unit details by searching for it in the Manage Business Unit page.

Or use the following Steps:Following the scenario, we need to create a new Business Unit in Oracle Procurement Cloud for your purchasing organization and assign the previously created location in Redwood City, CA.

Here are the steps to create the Business Unit:

Navigate to Manage Business Units:

Go to the Global Navigation Menu.

Click on Setup and Maintenance.

Click on Business Units under Common Tasks.

Create the Business Unit:

Click on the Create icon (+ icon).

Enter the Business Unit Information:

Name: Enter "PRCXX Business Unit" (replace xx with 01).

Default Location: Select "PRCXX Location" (replace xx with 01) from the dropdown list.

Default Set: Select "USLOCS" from the dropdown list.

Description: (Optional) Enter a brief description of the business unit.

Save the Business Unit:

Click on the Save button.

Verification:

The Business Unit "PRCXX Business Unit" (replace xx with 01) should now be listed in the Manage Business Units page.

You can verify the details of the business unit by clicking on it.

The default location and set should be displayed as "PRCXX Location" (replace xx with 01) and "USLOCS," respectively.

Additional Notes:

Make sure to replace "xx" with your allocated User ID (01) in both the Business Unit name and code for consistent naming convention.

Assigning the US Location Set to the Business Unit ensures that it inherits the legal entities, accounts, and other context information from that set.

The default negotiation template for each document type is only applied when creating or editing a negotiation style if the template is active and public. If the template is inactive or private, the template will not be defaulted in. Therefore, the two reasons why you do not always see the template that was set on the negotiation style defaulting in are:

The template is inactive at the time of creating the negotiation. An inactive template cannot be used for creating or editing negotiations, and it will not be displayed in the list of available templates. You need to activate the template before you can use it as a default template.

It is a private template where only the template owner can use it. A private template is only visible and accessible to the user who created it, and it will not be shared with other users. You need to make the template public if you want to use it as a default template for all users.

References:

Create a Negotiation Template, section “Create a Negotiation Template”, subsection “Default Negotiation Template”.

Oracle Supplier Negotiations, section “Create Negotiations”, subsection “Create Negotiations: Default Negotiation Template”.

A document style is a template that defines the layout and content of a purchasing document, such as a purchase order, a purchase agreement, or a requisition. You can create a document style that supports credit lines, which are purchase order lines with a negative amount to record credits to the ordered amount that you have negotiated with your supplier. For example, you can use a credit line to represent credit for an equipment trade-in. You can also specify other attributes for the document style, such as the line types, the change order policies, the approval rules, and the communication methods.

References:

How You Create Purchase Order Lines with Negative Amounts

How You Enable Creation of Purchase Order Lines with Negative Amounts

Create Supplier Contracts from Negotiation Award