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Oracle 1z0-470 Exam Overview:

Certification Vendor:Oracle
Exam Name:Oracle Fusion Procurement 2014 Essentials
Exam Number:1Z0-470
Exam Duration:120 minutes
Related Certifications:Oracle Fusion Procurement Certified Implementation Specialist
Real Exam Qty:80
Exam Price:USD 245
Available Languages:English
Exam Format:Multiple Choice
Passing Score:60%
Sample Questions:Oracle 1z0-470 Sample Questions
Exam Way:Delivered through Oracle-authorized testing (Pearson VUE testing center or Oracle online proctored exam, subject to Oracle policies).
Pre Condition:No mandatory prerequisite exam. Oracle recommends experience with Oracle Fusion Procurement implementations and related training.
Official Syllabus URL:https://www.oracle.com/education/certification/

Oracle 1z0-470 Exam Syllabus Topics:

SectionObjectives
Topic 1: Security and Reporting- Administration and analytics
  • 1. Role-based security
    • 2. Procurement reporting and dashboards
      • 3. Monitoring and troubleshooting
        Topic 2: Supplier Management- Supplier administration
        • 1. Supplier registration and qualification
          • 2. Supplier lifecycle management
            • 3. Supplier profiles and sites
              Topic 3: Oracle Fusion Procurement Overview- Procurement architecture and business flow
              • 1. Procurement lifecycle and integration
                • 2. Fusion Procurement application components
                  Topic 4: Enterprise and Procurement Configuration- Initial setup and configuration
                  • 1. Enterprise structure and business units
                    • 2. Procurement business functions
                      • 3. Document sequencing and common configurations
                        Topic 5: Catalog Management- Purchasing catalogs
                        • 1. Catalog creation and maintenance
                          • 2. Content management and classification
                            Topic 6: Sourcing- Negotiation management
                            • 1. RFQ and auction processes
                              • 2. Award and negotiation analysis
                                • 3. Supplier responses and evaluation
                                  Topic 7: Purchasing- Purchase order management
                                  • 1. Contract purchase agreements
                                    • 2. Blanket purchase agreements
                                      • 3. Purchase order creation and approval
                                        Topic 8: Receiving and Procurement Control- Receiving operations
                                        • 1. Receipt processing
                                          • 2. Inspection and returns
                                            • 3. Procurement document lifecycle management
                                              Topic 9: Self Service Procurement- Requisition processing
                                              • 1. Creating and managing requisitions
                                                • 2. Approval workflows
                                                  • 3. Shopping lists and favorites

                                                    Oracle Fusion Procurement 2014 Essentials Sample Questions:

                                                    Question 1

                                                    Which two approval tasks can be performed by using the Manage Approval Rules user interface in Fusion Procurement?

                                                    A. Item Creation Approval
                                                    B. Purchasing Document Approval
                                                    C. Supplier Registration Approval
                                                    D. Expenses Approval


                                                    Question 2

                                                    Identify three attributes that are considered as Reference Data Sets and shared across Business Units in Fusion Procurement.

                                                    A. Tax Classification
                                                    B. Price
                                                    C. Location
                                                    D. Payment Terms
                                                    E. Item


                                                    Question 3

                                                    Alliance Corp's approval policy requires the number of approvers to be based on the Item category. If the total amount of all items within a requisition with Item category "IT" is less than 1000 USD, then the IT manager needs to approve it. But if the total amount of IT category items within a requisition exceeds 1000 USD, then the IT manager, IT director, and CIO need to approve the document. For any other purchasing categories below 1000 USD, the purchasing manager approves it; and anything above 1000 USD, the procurement VP approves. Approval policy at Alliance Corp is configured to use the attribute type of "Summation" based on the IT category.
                                                    An employee submits the following requisition:
                                                    LINEDESCRIPTIONCATEGORYAMOUNT
                                                    1Mac LaptopIT. Laptop899.00
                                                    2LCD MonitorIT. Monitor250.00
                                                    3IPhone6Telephony. Cellphone199.99\
                                                    Refer to the exhibit to select the final approving authority.

                                                    A. Line 1 and Line 2 are approved by the CIO, and Line 3 by the purchasing manager.
                                                    B. Line 1 is approved by the IT manager, Line 2 by the IT director, and Line 3 by the purchasing manager.
                                                    C. Line 1 is approved by the purchasing manager, Line 2 by the IT manager, and Line 3 by
                                                    the IT director.
                                                    D. Line 1 and Line 2 are approved by the IT manager, and Line 3 by the purchasing manager.


                                                    Question 4

                                                    Identify two fields whose tolerance levels are ignored when data is entered while creating receipts using Enforce Blind Receiving.

                                                    A. Waybill
                                                    B. Packing Slip
                                                    C. ReceivingQuantity
                                                    D. UOM
                                                    E. Receiving Date


                                                    Question 5

                                                    Identify two tasks that can be performed in the Functional Setup Manager by a customer when configuring setup data.

                                                    A. collecting data to populate the order orchestration and planning data repository
                                                    B. setting up and maintaining data by means of the Manage Admin menu
                                                    C. importing and exporting data between instances
                                                    D. configuring Oracle Fusion Applications to match business needs


                                                    Solutions:

                                                    Question 1
                                                    Answer: B,C
                                                    Question 2
                                                    Answer: C,D,E
                                                    Question 3
                                                    Answer: A
                                                    Question 4
                                                    Answer: C,E
                                                    Question 5
                                                    Answer: C,D

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