Oracle Oracle Certifications 1Z0-520 Questions & Answers

• Question 101:

  Which data is received by Oracle Bill of Materials from Oracle Inventory?

  A. ATP supply only

  B. item information only

  C. on-hand quantity only

  D. item information and units of measure

  E. units of measure and on-hand quantity

  Correct Answer: D

• Question 102:

  Receiving Open Interface (ROI) is typically a three-step process. Identify the correct sequence of the steps.

  A. Load - Accrue - Process

  B. Load - Confirm - Process

  C. Receive - Inspect- Deliver

  D. Load - Process - Confirm

  E. Validate - Confirm - Process

  Correct Answer: D

• Question 103:

  ACME is using cycle counting and the quantity variance approval tolerances are specified at the cycle count header level, cycle count Class level, and cycle count item level. When tolerances are set up at all the levels, which tolerance is considered first by Inventory?

  A. Unit cost level

  B. Subinventory level

  C. Cycle count item level

  D. Cycle count class level

  E. Cycle count header level

  Correct Answer: C

• Question 104:

  Company ABC is using serialization in all organizations that manage inventory. It wants each organization to determine the proper levels of serial control. The products in each organization are completely different, so having the same serial numbers on different products is acceptable. The only global requirement is that serial numbers be generated in advance, to prevent incorrect serial number types from being created. Using the table below, choose the cell that represents the correct parameter and attribute combination to meet Company ABC's needs.

  A. B

  B. C

  C. F

  D. H

  E. K

  F. L

  Correct Answer: A

• Question 105:

  What two conditions prevent you from reserving the inventory? (Choose two.)

  A. The inventory module is installed as Shared.

  B. The items have a nonreservable material status.

  C. The inventory is in a Standard Cost inventory organization.

  D. The inventory is in an Average Cost inventory organization.

  E. The reservation will cause the on-hand quantity to be negative.

  Correct Answer: BE

• Question 106:

  The client wants to implement reorder point planning for some items in the organization. They currently use min-max planning. What is the minimum amount of information that needs to be changed on the items the client wants to plan?

  A. Safety Stock Quantity and Forecast

  B. Safety Stock Quantity, Inventory Planning Method set to Reorder Point, ForecastQuantity, Carrying Cost

  C. Safety Stock Quantity, Inventory Planning Method set to Reorder Point, ForecastQuantity, Carrying Cost, and Order Cost

  D. Safety Stock Quantity, Inventory Planning Method set to Reorder Point, ForecastQuantity, Carrying Cost, Order Cost, and Maximum Order Quantity

  E. Safety Stock Quantity, Inventory Planning Method set to Reorder Point, ForecastQuantity, Carrying Cost, Order Cost, and Minimum Order Quantity

  Correct Answer: C

• Question 107:

  A client often orders an item by the case but stocks the item as individual units by using the Each unit of measure (UOM). The client orders the item from three suppliers, and the case sizes differ by supplier (10, 12, and 50). What is the proper way to set up these units of measure?

  A. Always use the Each UOM and do not create purchase orders for cases.

  B. Create a Case UOM and an Each UOM, and assign them to different UOM classes.

  C. Create a Case UOM and an Each UOM, and assign both of them to the same UOM class.

  D. Create multiple CaseX UOMs, where X is the quantity per case, and an Each UOM, and assign them to the same UOM class.

  E. Create multiple CaseX UOMs, where X is the quantity per case, and an Each UOM, and assign them to different UOM classes.

  Correct Answer: D

• Question 108:

  What is the correct sequence when defining units of measure (UOM)?

  A. UOM Class, UOM, UOM Conversions

  B. UOM Class, UOM Conversions, UOM

  C. UOM Conversions, UOM Class, UOM

  D. UOM Conversions, UOM, UOM Class

  E. UOM, UOM Class, UOM Conversions

  Correct Answer: A

• Question 109:

  ACME is implementing Inventory in a make-to-order manufacturing environment, where there is on-hand inventory for 200 different motors. For these purchasable items, given the proper profile setup, Min-max can automatically create _____.

  A. an expense account

  B. an encumbrance account

  C. an invoice price variance account

  D. an inventory Accounts Payable accrual account

  E. records in the Purchase Order Requisition interface table

  Correct Answer: E

• Question 110:

  Which two statements apply to a Physical Inventory Tag as defined by Inventory? (Choose two.)

  A. Physical Inventory Tags cannot be bar coded.

  B. It can contain a count for a group of a given item.

  C. It is produced and printed by the Generate Physical Inventory Tags function.

  D. It is unique for every stock locator/item/lot number/serial number combination.

  E. It is used to indicate to the warehouse staff that a count has been recorded for that location, so that a duplicate count is not performed.

  Correct Answer: BD