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: Jun 14, 2026

Question #1

Which three statements are true regarding Managing Units of Measure? (Choose three.)

A. You must define Unit of measure class with a base unit of measure.

B. Conversions between classes are unique for each item, the conversion rate varies for intraclass unit of measure.

C. A unit of measure standard conversion specifies the conversion factor by which the unit of measure is equivalent to the unit of measure class.

D. If you want to transact items in units of measure that belong to classes other than their primary UOM class, you must define conversions between the base units of measure in different UOM classes.

E. A unit of measure conversion is a mathematical relationship between two different units of measure.

Discussion 0

Correct Answer: A,C,E Vote an answer

Question #2

Your organization is planning for a periodic counting of individual items throughout the year. As part of this activity, the user has loaded items to the cycle count but some of the items are not being considered when count schedules and count sequences are generated.
Which reason explains why the items are not being considered?

A. The Cycle Count Enabled flag is not selected for the inventory organization.

B. The Cycle Count Enabled flag is not selected for the item.

C. The Include in Schedule option is not selected to include the item for auto-scheduling.

D. The approval controls are not set up.

Discussion 0

Correct Answer: A Vote an answer

Question #3

You are currently implementing Oracle Cloud for the Singapore entity of your multinational customer. Their head office is located in Japan. Apart from Singapore, their other entities are using a legacy system.
Their requirement is to implement Oracle Cloud in such a way that at the end of the financial year, all their financial reporting should be in Japanese Yen.
How will you fulfill the above requirement?

A. Define one primary ledger with Japanese Yen currency so that all the subledger data gets converted to Japanese Yen automatically.

B. Define two ledgers one in SGD (Singapore Dollars) and one in Japanese Yen and transfer data of all the subledgers in these two primary ledgers.

C. Define one primary ledger with SGD (Singapore Dollars) as primary currency and use the reporting currency functionality to provide the necessary data in Japanese Yen currency.

D. This requirement cannot be fulfilled.

Discussion 0

Correct Answer: C Vote an answer

Question #4

Your customer wants to prevent customer shipments out of a specific subinventory. They are setting up a material status to control this.
Which transaction do they need to disallow?

A. Ship Confirm

B. Sales Order Issue

C. Move Request Putaway

D. Sales Order Pick

E. Miscellaneous Issue

Discussion 0

Correct Answer: A Vote an answer

Question #5

Your company has multiple inventory organizations where goods are transferred internally. A user has created a new organization but the new organization is unavailable when creating an interorganization transfer.
What is the missing setup?

A. Interorganization Parameters are not set up between the organizations.

B. The source and destination organization doesn,t belong to the same legal entity.

C. Inventory organization data access for users is not set up.

D. The destination organization transfer type is In Transit.

Discussion 0

Correct Answer: C Vote an answer

Question #6

Your company is an automobile spares manufacturing organization, which follows a discrete process. It has its own manufacturing and distribution centers located globally.
It has these business units:
US - USA business unit
CAN - Canadian business unit
UK - UK business unit
MX - Mexican business unit
IND - India business unit
SPA - Spain business unit
FRA - France business unit
NL - Netherlands business unit
GER - Germany business unit
These are the inventory organizations that exist in each business unit:
Inventory Org - business unit
--------------------------------------------
GM (Master Org) - US
US1 (Child Org) - US
US2 (Child Org) - US
CA1 (Child Org) - CAN
MX1 (Child Org) - MX
IN1 (Child Org) - IND
SP1 (Child Org) - SPA
FR1 (Child Org) - FRA
NL1 (Child Org) - NL
DE1 (Child Org) - GER
Which two statements are true?

A. You can define an item in the IN1 inventory organization and assign it to the DE1 inventory organization.

B. Items defined in the GM organization can be assigned to US1,US2, NL1, and MX1 inventory organizations.

C. Item organizations are also supported to serve as inventory organizations.

D. Items cannot be assigned to inventory organizations across business units.

E. All inventory organizations do not need to be in the same business unit to assign items.

F. Operational Attributes can be controlled only at the Master Level.

Discussion 0

Correct Answer: B,C Vote an answer

Question #7

Identify two statements that are true about the cost-organization relationship.
Response:

A. The inventory organizations that are assigned to a cost organization must all belong to the same legal entity.

B. Costing Item Validation Organization is used to default the Unit of Measure for costing calculations.

C. Only inventory organizations belonging to different item Master Organizations can be part of a cost organization.

D. Costing Item Validation Organization can only be item Master Organization of the underlying inventory organizations.

E. Should have chosen

Discussion 0

Correct Answer: B,E Vote an answer

Question #8

Your supplier sent you stock against a consigned agreement. You transferred all the stock to owned and generated a consumption advice. An invoice was raised by the supplier and the payment made. A few days after using some of the quantities of the stock, you realized that some of the stock sent by the supplier is not of suitable quality and you need to send the stock back.
What is the process of returning the material?

A. You have to cancel the invoice and send the material back without changing the ownership.

B. Return the material and create a debit memo for the supplier.

C. You cannot return consigned items that are invoiced and paid. Treat the material as scrap.

D. You have to transfer the ownership of item and perform the return transaction.

Discussion 0

Correct Answer: C Vote an answer

Question #9

While negotiating the terms of the consignment agreement, the buyer and the supplier mutually agree to set the aging onset point as receipt and the aging period as five days. The terms also say that the consumption advice will be generated daily.
In which three scenarios will the goods be transferred from the supplier's ownership to buyer's ownership? (Choose three.)

A. You received the goods today and after six days you decide to transfer the ownership using the "create transfer to consigned transaction" task.

B. You received the goods today and after four days you return the material to the supplier.

C. You received the goods today and after three days you transfer the ownership using the "create transfer to consigned transaction" task.

D. You received the goods today and for the next one week you do not plan any action on the same.

E. You received the goods today and you transfer the ownership using the "create transfer to owned transaction" task.

F. You received the goods today and you decide to issue the goods after three days without transferring the ownership.

Discussion 0

Correct Answer: B,C,F Vote an answer

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