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Oracle Fusion Cloud Procurement 2023 Implementation Professional - Delta Sample Questions (Q54-Q59):

NEW QUESTION # 54
Which of the following contract types in Oracle Procurement Cloud supports a price adjustment clause that automatically adjusts the item price based on a predefined formula?

A. Standard Purchase Order
B. Contract Purchase Agreement
C. Procurement Contract
D. Blanket Purchase Agreement

Answer: B

Explanation:
The Contract Purchase Agreement in Oracle Procurement Cloud supports a price adjustment clause that automatically adjusts the item price based on a predefined formula. This allows for the flexibility to modify prices when certain conditions are met.

NEW QUESTION # 55
Which of the following strategies can be utilized in Oracle Fusion Cloud Sourcing to encourage competition and obtain lower prices?

A. All of the above
B. Implementing a sealed bid process
C. Using mufti-round negotiations
D. Running a reverse auction

Answer: A

Explanation:
To encourage competition and obtain lower prices in Oracle Fusion Cloud Sourcing, various strategies can be utilized. Running a reverse auction allows suppliers to compete against each other in real-time, thereby driving prices down. Implementing a sealed bid process enables suppliers to submit their best offers without knowing the offers of other bidders, encouraging competitive pricing. Using multi-round negotiations facilitates iterative discussions with suppliers, resulting in improved terms and lower prices. Employing all of these strategies can maximize the opportunities for cost savings and value optimization in sourcing activities.

NEW QUESTION # 56
Which procurement application is used for creating legally binding contracts?

A. Supplier Portal
B. Contract Management
C. Requisition
D. Purchase Order

Answer: B

Explanation:
The Contract Management application is used for creating legally binding contracts. It facilitates the entire contract lifecycle, including drafting, negotiating, and executing contracts with suppliers. It also helps in monitoring contract compliance and managing contract renewals or terminations.

NEW QUESTION # 57
What are the key phases of the application implementation lifecycle?

A. Discovery, Development, Implementation, Rollout, Optimization
B. Initiation, Planning, Execution, Monitoring and Control, Closure
C. Planning, Training, Configuration, Customization, Go-live, Maintenance
D. Analysis, Design, Build, Test, Deploy, Support

Answer: B

Explanation:
The application implementation lifecycle typically consists of five key phases. Initiation: This phase involves defining the project, identifying stakeholders, and setting goals and objectives. It includes establishing the project scope, identifying the project team, and creating a project plan. - Planning: In this phase, detailed plans are developed, including resource allocation, scheduling, and risk assessment. It also involves gathering requirements, identifying dependencies, and creating a project schedule. - Execution: This phase focuses on building and configuring the application based on the project plan and requirements. It includes tasks such as data migration, integration, customization, and testing. - Monitoring and Control: During this phase, project progress is monitored, and any necessary adjustments are made to ensure the project stays on track. It involves tracking project milestones, managing risks, and resolving issues or conflicts that may arise. - Closure: The final phase involves completing the implementation, transitioning to the support team, and conducting a project review or post-implementation evaluation. It includes activities such as user training, documentation, and knowledge transfer.

NEW QUESTION # 58
Which of the following is a key benefit of using Project Templates in Project-Driven Supply Chain?

A. It facilitates the sharing and reuse of project configurations and setups.
B. It provides real-time insights into project progress and milestones.
C. It automates the creation and approval of purchase orders for project- related expenses.
D. It enables the creation of accurate project budgets and forecasts.

Answer: A

Explanation:
Project Templates in Project-Driven Supply Chain allow users to create standardized project configurations and setups that can be shared and reused across different projects. This feature promotes consistency and efficiency in project management by eliminating the need for repetitive configuration tasks. It also ensures that best practices and approved setups are applied consistently across projects, saving time and effort for project teams.

NEW QUESTION # 59
......

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1D0-1065-23-D Study Guide & 1D0-1065-23-D Test Dumps & 1D0-1065-23-D Practice Test

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Oracle Fusion Cloud Procurement 2023 Implementation Professional - Delta Sample Questions (Q54-Q59):

New Oracle 1D0-1065-23-D Dumps - Get Ready With 1D0-1065-23-D Exam Questions [2025]

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