Free Oracle 1Z0-1073-23 Practice Test & Real Exam Questions

Exam Code/Number: 1Z0-1073-23
Exam Name/Title: Oracle Inventory Cloud 2023 Implementation Professional
Certification Provider: Oracle
Corresponding Certification: Inventory Management Cloud

Exam Questions: 81
Updated On: Sep 30, 2026

Question #10

Your customer is managing a large sales team divided in two different geographies in the USA. They have the East Coast sales team and the Central sales team. Both teams are handled by one manager and perform the same function.
You customer wants to track the expenses of the two teams separately; however, they do not consider them different as they are handled by one manager only.
How will you fulfill the requirement?

A. It is not possible to fulfill the requirement.

B. Define them as two separate departments and a single cost center.

C. Define them as a single department and two separate cost centers.

D. Define them as one department and one cost center.

Discussion 0

Correct Answer: C Vote an answer

Question #11

Reorder quantities for an item subinventory are calculated using Fixed Lot Multiple and Round Order Quantity. Assume that the reorder quantity is 24 and you specify 10 for the fixed lot multiple and enable rounding the reorder quantity.
What will be the reorder quantity?

A. 20

B. 25

C. 24

D. 30

Discussion 0

Correct Answer: C Vote an answer

Question #12

While creating the consignment agreement, you have set the consumption advice frequency to "monthly" and the billing cycle close date to "31st August, 2020".
What will happen when you run the consumption advice process on 31st August, 2020?

A. Consumption advice is created and the next closing date is set to 30th September, 2020.

B. Consumption advice is created and the next closing date is set to 30th October, 2020.

C. No consumption advice is created.

D. Consumption advice is created and the next closing date is set to 7th September, 2020.

Discussion 0

Correct Answer: A Vote an answer

Question #13

Which two options constitute the rights and responsibilities of a Legal Entity?

A. Manage warehouses

B. Own property

C. Create opportunities for new business

D. Facilitate resource allocation

E. Account for themselves to regulators, taxation authorities, and owners according to rules specified in therelevant legislation

Discussion 0

Correct Answer: C,E Vote an answer

Question #14

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

A. It is issued out of stores.

B. It cannot be transacted.

C. It remains in inventory, but is not considered on-hand when the user is performing min-max or reorder point planning calculations.

D. It cannot be reserved for a date beyond the expiration date.

E. It is not included in cycle counts.

Discussion 0

Correct Answer: C,D Vote an answer

Question #15

The physical inventory process is carried out for a particular inventory organization with the following parameters:
Negative Quantity Tolerance Percentage is set to 10%
Approval Type = 'Always'
The system says that there are 100 on hand, but you only counted 95. What will happen?

A. An approval will be required before posting.

B. The system will ask a user to recount before posting.

C. Because the 95 is within the 10% tolerance, it will post without approval.

D. The setup is invalid; it will give an error message.

Discussion 0

Correct Answer: A Vote an answer

Question #16

A customer has one Business Unit, two Legal Entities, and each have eight warehouses (defined as Inventory Orgs). While trying to set up Cost Organizations for each of these Legal Entities, you were unable to perform the mandatory step of assigning the Profit Center Business Unit for one set of eight Inventory Organizations; however, you could do it for the other set.
What is the reason for this?

A. There is no Inventory Validation Organization defined.

B. There is no Business Unit associated with the Legal Entity.

C. The General Ledger is not associated with Business Unit.

D. The Legal Entity Setup is incomplete.

E. The Business Unit is not enabled for Costing.

Discussion 0

Correct Answer: B Vote an answer

Question #17

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. The sourcing rule is incorrect.

B. ATP rule is not defined.

C. Work definition is missing for the item.

D. No Blanket Purchase Agreement (BPA) exists for this supplier - item combination.

Discussion 0

Correct Answer: D Vote an answer

Question #18

Which three statements are true regarding PAR Location Management?

A. A receipt is required on interorganization expense destination transfer orders between the from and to organizations

B. Organizations can perform locator-level stock counting for both quantity and non-quantity tracked subinventories.

C. If the stock level falls below the target on-hand quantity for the locator, inventory generates the appropriate replenishment document based on the item sourcing for the subinventory.

D. PAR location management replenishment are calculated at the organization level or subinventory level.

E. Periodic Automated Replenishment (PAR) enabled facilities that do not store perpetual inventory (such as hospitals) to perform locator-level replenishment.

Discussion 0

Correct Answer: A,B,E Vote an answer

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