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| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Supplier Qualification Management Enhancements | 25% | - Supplier Qualification Process Updates - Qualification Area Scope and Template Sharing - Scorecards and Sustainability Metrics |
| Topic 2: Strategic Sourcing Improvements | 25% | - Award and Approval Workflows - Two-Stage RFQ and Surrogate Bidding - Negotiation Templates and Rules |
| Topic 3: Purchasing and Document Automation | 15% | - Purchase Order Configuration and Automation - Multi-Currency and Tax Handling - Document Numbering and Routing |
| Topic 4: Integration and Analytics Updates | 5% | - Procurement Analytics and Reporting - Integration with AP and Inventory |
| Topic 5: Procurement Contracts and Compliance | 20% | - Contract Terms Library and Clauses - Contract Validation and Compliance Rules - Contract Amendment and Versioning |
| Topic 6: Self-Service Procurement and Catalogs | 10% | - Redwood Self-Service Procurement Features - Catalog Management and Punchout Setup |
1. What is the purpose of purchase orders in the procurement process?
A) To provide legal documentation for procurement transactions
B) To process payment to suppliers
C) To request goods or services
D) To confirm the acceptance of goods or services
2. What is the benefit of using the Contract Terms Library in Oracle Fusion Cloud Procurement?
A) Reduced risk of contractual disputes.
B) Enhanced visibility into contract performance.
C) Improved contract compliance and consistency.
D) Streamlined contract negotiation processes.
3. How can users access the Contract Terms Library in Oracle Fusion Cloud Procurement?
A) Via the Manage Contracts Libraries task.
B) Through the Procurement Contracts work area.
C) From the Supplier Contracts menu.
D) By navigating to the Configure Contracts page.
4. When does the closure phase of the application implementation lifecycle occur?
A) During the execution phase
B) After the planning phase
C) At the beginning of the project
D) At the end of the project
5. What is the purpose of Self Service Procurement in Oracle Fusion Cloud?
A) Allow inventory management of goods and materials.
B) Allow managers to approve purchase orders for requested items.
C) Allow suppliers to search and bid on procurement opportunities.
D) Allow employees to create and submit purchase requisitions for goods and services.
Solutions:
| Question # 1 Answer: A | Question # 2 Answer: C | Question # 3 Answer: B | Question # 4 Answer: D | Question # 5 Answer: D |
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