Online Access Free 1Z0-1163-1 Exam Questions

What is the function of IDR (Intelligent Document Recognition) and OCR (Optical Character Recognition) in the invoice submission process in Oracle Fusion Cloud Procurement application?

• A.IDR and OCR facilitate supplier registration by digitizing and organizing supplier information, including contact details and banking information.
• B.IDR and OCR enhance invoice validation by cross-referencing invoice data with purchase orders and contracts, ensuring accuracy and compliance.
• C.IDR and OCR help capture and extract data from invoices, automating the data entry process and reducing manual effort.
• D.IDR and OCR enable automated routing of invoices to the appropriate approvers based on predefined rules and approval hierarchies.

What is the role of automation in creating POs from contract fulfillment in Oracle Fusion Cloud Procurement?

• A.It enhances supplier qualification by providing visibility into supplier responses.
• B.It ensures that POs are created accurately based on contract terms, reducing manual errors, and improving efficiency.
• C.It facilitates the approval process by routing POs to the appropriate approvers, based on invoice rules and limits.

Which two capabilities within the Predict Demand process in the Demand to Management OMBP make it a powerful tool for demand planning and management?

• A.Demand Sensing.
• B.Collaborative Forecasting Platform.
• C.Machine Learning-based Forecasting.
• D.Statistical Forecasting.

What is the role of the Global Order Promising feature in Oracle Fusion Cloud SCM?

• A.It focuses only on local inventory availability.
• B.It eliminates the need for supplier collaboration.
• C.It provides real-time order commitment dates based on supply and demand constraints.
• D.It guarantees same-day delivery for all orders.

How can Oracle Fusion Applications ensure that supply planning recommendations reflect the latest supplier information?

• A.Implementing manual verification of supplier information before updating supply plans.
• B.Increasing reorder points in inventory management.
• C.By enabling real-time supplier collaboration to update supply planning with lead times and inventory availability.
• D.Using separate forecasting models for procurement and supply chain planning.