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- 1z0-1073-20: Oracle Inventory Cloud 2020 Implementation Essentials
Free 1z0-1073-20: Oracle Inventory Cloud 2020 Implementation Essentials Exam Questions and Answers
Last updated: January 14, 2025
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251-1z0-1073-20: Oracle Inventory Cloud 2020 Implementation Essentials
#Question
How can Oracle Inventory help in managing consigned inventory?
A.By monitoring stock held by suppliers
B.By managing employee schedules
C.By increasing sales
D.By tracking customer feedback
Correct Answer:
A
Oracle Inventory helps manage consigned inventory by monitoring stock that is held by suppliers until it is sold.
#Question
In Oracle Inventory, which report helps track the performance of individual items?
A.Supplier Performance Report
B.Item Performance Report
C.Stock Status Report
D.Aging Inventory Report
Correct Answer:
B
The Item Performance Report helps track performance metrics for individual items, including sales and inventory turnover.
#Question
What is the significance of the 'Inventory Turnover' ratio in Oracle Inventory?
A.It measures how efficiently inventory is sold
B.It evaluates supplier reliability
C.It assesses sales trends
D.It tracks employee performance
Correct Answer:
A
The Inventory Turnover ratio measures how efficiently inventory is sold and replenished, reflecting sales effectiveness.
#Question
What does 'Inventory Replenishment' mean in Oracle Inventory?
A.Tracking sales data
B.Automatically ordering items based on stock levels
C.Reducing stock levels
D.Managing supplier contracts
Correct Answer:
B
Inventory Replenishment refers to automatically ordering items when their stock levels fall below a set threshold to prevent stockouts.
#Question
What does the 'Inventory Aging Report' reveal in Oracle Inventory?
A.Inventory sold quickly
B.Items that are slow-moving or nearing expiration
C.Sales data
D.Items that need to be reordered
Correct Answer:
B
The Inventory Aging Report reveals items that are slow-moving or nearing expiration, allowing businesses to take necessary actions.
#Question
How can Oracle Inventory assist businesses in managing demand fluctuations?
A.By increasing stock prices
B.By providing accurate demand forecasts
C.By managing supplier relationships
D.By reducing employee hours
Correct Answer:
B
Accurate demand forecasts help businesses manage inventory levels effectively during demand fluctuations.
#Question
Which report in Oracle Inventory helps evaluate the efficiency of inventory management?
A.Aging Inventory Report
B.Stock on Hand Report
C.Inventory Turnover Report
D.Supplier Performance Report
Correct Answer:
C
The Inventory Turnover Report evaluates the efficiency of inventory management by tracking the rate at which inventory is sold and replenished.
251-1z0-1073-20: Oracle Inventory Cloud 2020 Implementation Essentials
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