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- 1z0-1065-23: Oracle Fusion Cloud Procurement 2023 Implementation Professional
Free 1z0-1065-23: Oracle Fusion Cloud Procurement 2023 Implementation Professional Exam Questions and Answers
Last updated: January 14, 2025
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244-1z0-1065-23: Oracle Fusion Cloud Procurement 2023 Implementation Professional
#Question
How do compliance audits benefit procurement processes in Oracle Fusion?
A.They ensure accountability
B.They complicate relationships
C.They foster trust
D.They add complexity
Correct Answer:
A
Compliance audits benefit procurement processes in Oracle Fusion by ensuring accountability, identifying areas of non-compliance, and promoting adherence to established policies and regulations.
#Question
What feature aids in aligning procurement goals with organizational strategy in Oracle Fusion?
A.Supplier evaluations
B.Contract reviews
C.Payment approvals
D.Procurement Strategy Management
Correct Answer:
D
Procurement Strategy Management features aid in aligning procurement goals with organizational strategy in Oracle Fusion by ensuring procurement decisions are in line with broader business objectives.
#Question
What advantage does automated supplier onboarding provide in Oracle Fusion?
A.Limited access to suppliers
B.Improved efficiency
C.Slower processes
D.Increased workload
Correct Answer:
B
Automated supplier onboarding in Oracle Fusion provides improved efficiency by streamlining the onboarding process, reducing the time and effort involved in bringing new suppliers onboard.
#Question
How does Oracle Fusion help organizations deal with procurement fraud?
A.By limiting audits
B.By ignoring compliance issues
C.By avoiding governance
D.By enhancing monitoring
Correct Answer:
D
Oracle Fusion helps organizations deal with procurement fraud by enhancing monitoring and providing tools that enable detection and response to potential fraud activities.
#Question
What is a key feature of Oracle Fusion Procurement regarding contract negotiation?
A.Automatic terms enforcement
B.Non-standard clauses
C.Random negotiations
D.Manual updates
Correct Answer:
A
A key feature of Oracle Fusion Procurement regarding contract negotiation is automatic terms enforcement, ensuring that negotiated terms are adhered to throughout the contract lifecycle.
#Question
How can Oracle Fusion's analytics capabilities drive supplier performance improvements?
A.By ignoring data insights
B.By focusing on superficial data
C.By providing actionable insights
D.By complicating evaluations
Correct Answer:
C
Oracle Fusion's analytics capabilities drive supplier performance improvements by providing actionable insights that inform procurement teams about areas needing enhancement.
#Question
What is the main goal of using procurement compliance tools in Oracle Fusion?
A.To ensure adherence to policies
B.To avoid evaluations
C.To limit supplier selection
D.To increase costs
Correct Answer:
A
The main goal of using procurement compliance tools in Oracle Fusion is to ensure adherence to policies, regulations, and procedures, mitigating risks and promoting accountability.
244-1z0-1065-23: Oracle Fusion Cloud Procurement 2023 Implementation Professional
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