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Oracle Oracle Applications 1z1-470

1z1-470

Exam Code: 1z1-470

Exam Name: Oracle Fusion Procurement 2014 Essentials

Updated: Aug 07, 2026

Q & A: 70 Questions and Answers

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Oracle Oracle Applications 1z1-470 Oracle Fusion Procurement 2014 Essentials Exams

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Oracle 1z1-470 Exam Syllabus Topics:

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

                                                    Oracle Fusion Procurement 2014 Essentials Sample Questions:

                                                    1. On completion of a Negotiation Award using a negotiation template, you are trying to create apurchasing document and system provides you the option to create a Blanket Purchase Agreement (BPA) only, whereas you expected to get an option to create a Contract Purchase Agreement (CPA).
                                                    Identify the reason for this.

                                                    A) The Profile Option PO_PRC_AGENT_CATEGORY_ASSIGNMENT is set to the current user.
                                                    B) The negotiation outcome is defined as 'Blanket Purchase Agreement' in the negotiation template.
                                                    C) The negotiation outcome is defined as 'Contract Purchase Agreement' in the negotiation template.
                                                    D) The Business Function for the associated Business Unit is 'Requisition Only' and did not allow Purchase Agreement Generation.


                                                    2. Identify the functionality of Self Service Procurement that allows a Requester a 360-degree view of any purchasing document, such as a Requisition or PO.

                                                    A) View pdf
                                                    B) Manage Life Cycle
                                                    C) Manage Train Stops
                                                    D) Workflow administration
                                                    E) View Full Details


                                                    3. Identify four actions that the Manage Requisition Approval task enables you to perform.

                                                    A) register an internal and external Supplier
                                                    B) define rule actions by using Supervisory Hierarchy or Position Hierarchy
                                                    C) maintain user-defined attributes and use these attributes with rules
                                                    D) enable or disable a participant
                                                    E) create rules by using simple or nested conditions


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

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


                                                    5. You are setting up Fusion Sourcing. You would like participants to provide Insurance and Freight cost for the quotation/RFQ lines.
                                                    Identify the configuration that will fulfill this requirement.

                                                    A) Personalize the negotiation UI to add the Freight and Insurance attributes.
                                                    B) Add Cost Factors for Freight and Insurance.
                                                    C) Add negotiation lines separately to capture Freight and Insurance.
                                                    D) Define a negotiation style and enable DFF for Freight and Insurance.


                                                    Solutions:

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

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