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| Section | Objectives |
|---|---|
| Purchasing | - Purchasing operations
|
| Self Service Procurement | - Catalog management
|
| Approval Management | - Workflow and approval configuration
|
| Procurement Application Overview | - Procurement concepts and components
|
| Enterprise Structures and Security | - Security setup
|
| Sourcing and Supplier Qualification | - Negotiation management
|
| Fusion Functional Setup Manager | - Implementation lifecycle
|
| Common Procurement Configuration | - Procurement setup
|
1. Which feature in Oracle Fusion Cloud Procurement allows users to define preconfigured templates for requisitions to save time and ensure consistent data entry?
A) Templates
B) Public Shopping Lists
C) Catalog -Category Hierarchies
D) Smart Forms
2. Which of the following roles is responsible for creating procurement contracts in Oracle Fusion Cloud Procurement?
A) Requisitioner
B) Supplier
C) Procurement Specialist
D) Approver
3. Which procurement application is used for creating and submitting purchase requests?
A) Contract Management
B) Supplier Portal
C) Purchase Order
D) Requisition
4. Which of the following is a key benefit of using an RFQ in procurement?
A) Enhancing collaboration and communication with suppliers.
B) Improving transparency and fairness in the procurement process.
C) Reducing the risk of purchasing from unqualified or unreliable suppliers.
D) Streamlining the purchasing process by automating supplier selection.
5. What is the advantage of using Punch Out catalogs in Oracle Fusion Cloud Procurement?
A) Increased control over the purchasing process
B) Improved visibility into supplier performance
C) Enhanced security for sensitive transactions
D) Reduced manual effort in managing catalogs
Solutions:
| Question # 1 Answer: A | Question # 2 Answer: C | Question # 3 Answer: D | Question # 4 Answer: C | Question # 5 Answer: D |
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