How is the "Available to Transact" quantity calculated on the Item Availability page?
Correct Answer: B
According to the Mock Exams: Oracle SCM Business Process Foundation Associate document3, available to transact quantity is calculated on the Item Availability page as follows: Available to Transact = (Quantity On Hand) - Pending Transactions - Reservations Quantity On Hand is the amount of inventory that is physically present in a location or organization. Pending Transactions are the transactions that have not been completed or posted yet, such as receipts, issues, transfers, etc. Reservations are the allocations of inventory to specific demands, such as sales orders, work orders, transfer orders, etc.
1z0-1125-2 Exam Question 3
Which work order costs CANNOT be viewed and analysed by a cost accountant on the Review Work Order Cost page?
Correct Answer: A
According to the Business Process Training and Certification - Oracle University document2, shipping costs are not part of the work order costs that can be viewed and analysed by a cost accountant on the Review Work Order Cost page. Shipping costs are the costs associated with delivering finished goods to customers or transferring them between organizations. Shipping costs are not incurred during the production process and are not captured by the work order. The work order costs that can be viewed and analysed by a cost accountant on the Review Work Order Cost page are: input costs, output costs, scrap costs, variance costs, transfer costs, and resource costs.
1z0-1125-2 Exam Question 4
While defining Supply Plan, Planning administrator can select any of the four forecast process options, which include?
What is the purpose of defining the ABC Classification?
Correct Answer: D
According to the Oracle SCM Business Process Certified Foundations Associate Rel 2 document1, the purpose of defining the ABC Classification is to decide the frequency to perform inventory accuracy review. ABC Classification is a method of categorizing inventory items based on their value and usage. Items are classified into three groups: A, B, and C. A items are the most valuable and frequently used items, B items are moderately valuable and used items, and C items are the least valuable and rarely used items. The ABC Classification helps to prioritize the inventory management activities, such as cycle counting, physical counting, replenishment, etc.