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Oracle Fusion Cloud Procurement 2023 Implementation Professional - Delta Sample Questions (Q162-Q167):
NEW QUESTION # 162
Which of the following options allows requisitions to be automatically approved in Oracle Fusion Cloud Procurement?
Answer: C
Explanation:
In Oracle Fusion Cloud Procurement, requisitions can be automatically approved if their total amount falls below a predefined threshold. This feature streamlines the procurement process for low-value items, reducing the need for manual approvals and allowing for faster purchasing.
NEW QUESTION # 163
Which of the following describes a typical workflow of the RFQ process?
Answer: C
Explanation:
The typical workflow of the RFQ process involves creating an RFQ document, sending it to potential suppliers, reviewing their responses, negotiating terms and conditions with the preferred supplier, and finally awarding the contract to the selected supplier.
NEW QUESTION # 164
Which of the following is a key responsibility of a project manager during the implementation of Oracle Fusion Cloud Procurement?
Answer: C
Explanation:
The project manager plays a crucial role in overseeing the implementation process of Oracle Fusion Cloud Procurement. One of their key responsibilities is managing project risks and issues. This involves identifying potential obstacles, mitigating their impact, and resolving any issues that may arise during the implementation. By effectively managing risks and issues, the project manager ensures the successful delivery of the implementation project.
NEW QUESTION # 165
Which of the following statements best describes the purpose of Assessments in Oracle Fusion Cloud Procurement?
Answer: A
Explanation:
Assessments in Oracle Fusion Cloud Procurement are used to evaluate the compliance of procurement processes. They help in identifying areas that need improvement and ensure that the procurement processes are aligned with industry standards, regulations, and best practices.
NEW QUESTION # 166
What is the purpose of the 'Approved Supplier Lists' functionality in Oracle Fusion Cloud Sourcing?
Answer: D
Explanation:
The 'Approved Supplier Lists' functionality in Oracle Fusion Cloud Sourcing serves multiple purposes. It allows organizations to maintain a list of trusted suppliers for procurement activities, ensuring that only approved suppliers are considered for sourcing requests. It also helps in enforcing compliance with corporate procurement policies by allowing the establishment of preferred supplier relationships and restricting purchases to approved vendors. Additionally, it streamlines the supplier onboarding and qualification processes by providing a centralized repository of supplier information and performance metrics.
NEW QUESTION # 167
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