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Oracle 1z1-470 : Oracle Fusion Procurement 2014 Essentials

1z1-470 real exams

Exam Code: 1z1-470

Exam Name: Oracle Fusion Procurement 2014 Essentials

Updated: Jul 23, 2026

Q & A: 70 Questions and Answers

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Oracle 1z1-470 Exam Syllabus Topics:

SectionObjectives
Enterprise and Procurement Configuration- Initial setup and configuration
  • 1. Enterprise structure and business units
    • 2. Procurement business functions
      • 3. Document sequencing and common configurations
        Self Service Procurement- Requisition processing
        • 1. Approval workflows
          • 2. Shopping lists and favorites
            • 3. Creating and managing requisitions
              Sourcing- Negotiation management
              • 1. Supplier responses and evaluation
                • 2. RFQ and auction processes
                  • 3. Award and negotiation analysis
                    Catalog Management- Purchasing catalogs
                    • 1. Content management and classification
                      • 2. Catalog creation and maintenance
                        Purchasing- Purchase order management
                        • 1. Purchase order creation and approval
                          • 2. Contract purchase agreements
                            • 3. Blanket purchase agreements
                              Receiving and Procurement Control- Receiving operations
                              • 1. Receipt processing
                                • 2. Procurement document lifecycle management
                                  • 3. Inspection and returns
                                    Supplier Management- Supplier administration
                                    • 1. Supplier registration and qualification
                                      • 2. Supplier lifecycle management
                                        • 3. Supplier profiles and sites
                                          Oracle Fusion Procurement Overview- Procurement architecture and business flow
                                          • 1. Procurement lifecycle and integration
                                            • 2. Fusion Procurement application components
                                              Security and Reporting- Administration and analytics
                                              • 1. Monitoring and troubleshooting
                                                • 2. Procurement reporting and dashboards
                                                  • 3. Role-based security

                                                    Oracle Fusion Procurement 2014 Essentials Sample Questions:

                                                    1. Identify three seeded ruleset names under Business Process Model (BPM) tasks that have
                                                    requisition approvals routed in the serial method.

                                                    A) DistributionRules
                                                    B) DistributionHierarchyRules
                                                    C) PreApprovalLineConsensusRules
                                                    D) LineHierarchyRules
                                                    E) HeaderHierarchyRules
                                                    F) DistributionConsensusRules


                                                    2. Which two approval tasks can be performed by using the Manage Approval Rules user interface in Fusion Procurement?

                                                    A) Supplier Registration Approval
                                                    B) Item Creation Approval
                                                    C) Purchasing Document Approval
                                                    D) Expenses Approval


                                                    3. You have defined your negotiation style and named it 'ABC negotiation style'.Subsequently, you try to add collaboration team members on negotiation that is based on the 'ABC negotiation style' and find that the "Collaboration Team" field is disabled. Identify the cause.

                                                    A) The "Requirements and Instructions" checkbox is unchecked in the style.
                                                    B) Online collaboration is visible only to the Requisition Preparer.
                                                    C) Cost factors are not set up for negotiations for participants, causing no collaboration to negotiate cost.
                                                    D) The "Collaboration Team" checkbox is unchecked in the style.


                                                    4. What is required to make data available in Oracle Fusion Procurement Transactional Business Intelligence graphs?

                                                    A) No need to schedule anything; data will be populated in real time.
                                                    B) Configure the Extract Transform and Load tool and data will be populated in real time.
                                                    C) Schedule ESS jobs to run according to customer requirements.
                                                    D) Schedule concurrent requests to run every hour.


                                                    5. Identify four actions that the Manage Requisition Approval task enables you to perform.

                                                    A) register an internal and external Supplier
                                                    B) maintain user-defined attributes and use these attributes with rules
                                                    C) define rule actions by using Supervisory Hierarchy or Position Hierarchy
                                                    D) enable or disable a participant
                                                    E) create rules by using simple or nested conditions


                                                    Solutions:

                                                    Question # 1
                                                    Answer: A,E,F
                                                    Question # 2
                                                    Answer: A,C
                                                    Question # 3
                                                    Answer: B
                                                    Question # 4
                                                    Answer: A
                                                    Question # 5
                                                    Answer: B,C,D,E

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