1Z0-986 Oracle Inventory Cloud 2017 Implementation Essentials

Exam Title: Oracle Inventory Cloud 2017 Implementation Essentials
Exam Number: 1Z0-986
Exam Price: $245.00 More on exam pricing
Format: Multiple Choice
Duration: 120 Minutes
Number of Questions: 73
Passing Score: 67%
Validated Against: This exam has been validated against R13. (Previous version of this exam was validated against R12 in 2017)

Our certification exams are revised regularly to align with training and product release updates. Information about exam revisions and new topics are found on this page under ‘Validated Statement’ and within the exam topics below. Certifications reflect validated skills for year and product release version date of achievement. If you are preparing for this exam, we recommend you check these topics periodically to ensure your exam prep covers any new topics that may be added based on regular exam revision.

Enterprise Structures, Legal Authorities, and Jurisdiction
Explain the fundamental structures for an enterprise
Configure an Enterprise Structure using the Configuration Workbench
Explain Jurisdictions and Legal Authorities

Reporting Structures
Explain management reporting structures
Configure a Shared Service Structure within an Enterprise Structure
Model a Business Unit within an Enterprise Structure
Explain how security relates to reporting structures
Explain General Ledger set up
Model a Financial Reporting Structure

Inventory Transactions
Create a Subinventory Transfer
Create a Miscellaneous Transaction
Create an Interorganization Transaction
Create a Movement Request
Resolve Pending Transactions
Explain Transfer Types
Perform a PO Receipt
Explain the relationship between Discrete Manufacturing and Inventory Transactions
Perform a Pick Slip confirmation

Consigned Inventory from a Supplier
Explain the Consignment Process
Create Consumption Advice
Explain Ownership Transfers from Consignment perspective
Perform a return for Consigned material

Plan Inventory Replenishment
Run a Min-Max Plan
Explain how Min-Max Reorder Quantities are calculated and rounded
Set up min-max related item and item subinventory‒level attributes
Explain the different types of supply requests generated from min-max planning

Material Management and Logistics
Explain the Warehouse Operations Key Performance Indicators
Analyze and manage Warehouse Operations

Supply Lines and Exceptions
Analyze and manage the material request flow within Supply Chain Orchestration
Analyze and manage the make flow within Supply Chain Orchestration
Analyze and manage the buy flow within Supply Chain Orchestration
Manage supply request exceptions

Legal Entities
Explain legal entities and their role within the system
Design an Enterprise Configuration

Cost Centers, Departments, Facilities, and Reference Data
Explain Cost Centers and Departments
Model an Item Organization setup
Describe Cost Organizations
Explain Reference Data Sets
Explain the sharing methods available for reference data

Advanced Inventory Transactions
Explain how Material Status Control affects transactions
Create Material Statuses
Implement lot and/or serial control
Perform lot and/or serial controlled transaction
Explain Item Availability types
Create Inventory Reservations

Back to Back Processing
Apply the Back to Back process flow
Explain Reservations with Back to Back processing
Manage exceptions in the Back to Back process flow

Inventory Counts
Explain the different types of Inventory Counting Methods
Create a Manual Cycle Count
Explain how cycle counts are generated
Perform a Physical Inventory
Explain how physical inventory adjustments affect the inventory balances

Supply Chain Orchestration Overview
Explain the capabilities of supply chain orchestration
Configure the invocation of external Supply Chain Execution systems
Describe the Supply Lines Work Area and Supply Line Statuses
Configure advanced fulfillment configurations for Back to Back Order Processing
Configure the advanced fulfillment configurations for Contract Manufacturing Processing

Data Integration Approaches
Import on-hand balances via the ADF Desktop Integration
Import subinventories via the ADF Desktop Integration
Import Transfer Orders via the ADF Desktop Integration

QUESTION 1
What are two outcomes when a lot expires on an item with lot control enabled?

A. It cannot be reserved for a date beyond the expiration date.
B. It is not included in cycle counts.
C. It cannot be transacted.
D. It remains in inventory, but is not considered on-hand when the user is performing min-max or reorder point planning calculations.
E. It is issued out of stores.

Answer: B D

QUESTION 2
What three Key Performance Indicators are available in the Warehouse Operations Dashboard?

A. Inventory Value
B. Cycle Count
C. Shipment Value
D. Exact Matches Rate
E. Distributed Value
F. Hit or Miss Accuracy

Answer: A D F

Explanation
https://docs.oracle.com/cloud/farel12/scmcs_gs/FAMML/FAMML1153520.htm#FAMML1153513
Warehouse Operations Key Performance Indicators: Explained
Key performance indicators (KPIs) measure how well an organization or individual performs an operational, tactical, or
strategic activity that is critical for the current and future success of the organization.
The Warehouse Operations Dashboard contains the following KPIs:
Inventory Value
Hit or Miss Accuracy
Exact Matches Rate
Inventory Value
The Inventory Value KPI shows the total value of inventory owned by your organization. The KPI indicates whether the
material is physically available in the warehouse or if the material is in transit. The KPI report enables you to compare
the inventory value for a selected time period with the prior year’s inventory value for that same time period. You can
also compare inventory value by inventory categories.
Hit or Miss Accuracy
The Hit or Miss Accuracy KPI shows the percentage of the cycle count that falls within the hit and miss tolerances of a
total cycle count. This KPI provides the rate of hits during the cycle counting process. The KPI report enables you to
compare the hit or miss accuracy for a selected time period with the prior year’s hit or miss accuracy for that same time period.
Exact Matches Rate
The Exact Matches Rate KPI shows the exact match entries as a percentage of the total cycle count entries. An exact
match entry is an entry where the counted quantity entered is the same as the system quantity. The rate of exact match
entries obtained during the cycle count is called Exact Matches Rate. The KPI report enables you to compare the exact
matches rate for a selected time period with the prior year’s exact matches rate for that same time period.

QUESTION 3
You have set up min-max planning at the subinventory level with the following to source item AS12312 for Organization: M1:
* Source Type: Organization
* Organization: Ml
What type of supply request will be generated?

A. None; this is an invalid setup
B. Movement request
C. Internal Requisition
D. Intraorganization transfer order
E. Purchase Requisition

Answer: A

QUESTION 4
In the Back-to-Back (B2B) Order to Cash flow, ordered items are purchased from a supplier. The Sourcing Rules have
been defined for the item and the buy flow has been initiated. The sales order line is shown as Awaiting Shipping and the
supply line status is “In Purchasing” with the supply order generated but the purchase requisition not generating.
What is the reason?

A. Supply order is generated with exceptions.
B. Preparer is not valid.
C. The Sourcing rule is incorrect.
D. No Blanket Purchase Agreement (BPA) exists for this supplier-item combination.
E. Buy requests originate from Order Management.

Answer: A

QUESTION 5
What does the system do if you have not entered a count for a tag during physical inventory process?

A. It will consider the current system quantity.
B. Any adjustment will be rejected.
C. You will not be able to post without a quantity for every tag.
D. It will adjust your on-hand balances down to zero quantity.
E. A warehouse person will be notified.

Answer: B

Explanation
https://docs.oracle.com/cd/A60725_05/html/comnls/us/inv/phyadj02.htm

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