Oracle 1z0-470 : Oracle Fusion Procurement 2014 Essentials

  • Exam Code: 1z0-470
  • Exam Name: Oracle Fusion Procurement 2014 Essentials
  • Updated: Aug 24, 2026
  • Q & A: 70 Questions and Answers

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Oracle 1z0-470 Exam Syllabus Topics:

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

                                                    Oracle Fusion Procurement 2014 Essentials Sample Questions:

                                                    1. Identify the three business benefits provided by the Manage Approval Rules user interface.

                                                    A) faster ramp-up time to set up approval rules
                                                    B) minimal dependency on IT group for rules setup
                                                    C) quick information search
                                                    D) ease of ordering items
                                                    E) support for common business requirements to route approvals based on aggregated information


                                                    2. During implementation, the transformation maps that are associated with external-facing interfaces must be modified to map the _____.

                                                    A) extensible flexfield attributes to the fulfillment order line
                                                    B) fulfillment order line to the extensible flexfield attributes
                                                    C) extensible flexfield attributes to the enterprise business object attributes
                                                    D) enterprise business object attributes to the fulfillment order line


                                                    3. Alliance Corp's approval policy requires the number of approvers to be based on the Item category. If the total amount of all items within a requisition with Item category "IT" is less than 1000 USD, then the IT manager needs to approve it. But if the total amount of IT category items within a requisition exceeds 1000 USD, then the IT manager, IT director, and CIO need to approve the document. For any other purchasing categories below 1000 USD, the purchasing manager approves it; and anything above 1000 USD, the procurement VP approves. Approval policy at Alliance Corp is configured to use the attribute type of "Summation" based on the IT category.
                                                    An employee submits the following requisition:
                                                    LINEDESCRIPTIONCATEGORYAMOUNT
                                                    1Mac LaptopIT. Laptop899.00
                                                    2LCD MonitorIT. Monitor250.00
                                                    3IPhone6Telephony. Cellphone199.99\
                                                    Refer to the exhibit to select the final approving authority.

                                                    A) Line 1 and Line 2 are approved by the CIO, and Line 3 by the purchasing manager.
                                                    B) Line 1 and Line 2 are approved by the IT manager, and Line 3 by the purchasing manager.
                                                    C) Line 1 is approved by the IT manager, Line 2 by the IT director, and Line 3 by the purchasing manager.
                                                    D) Line 1 is approved by the purchasing manager, Line 2 by the IT manager, and Line 3 by
                                                    the IT director.


                                                    4. Identify the document in which the Supplier field is not mandatory.

                                                    A) Requisition
                                                    B) Invoice
                                                    C) RequestforQuotation
                                                    D) Quotation
                                                    E) Purchase Order


                                                    5. A buyer often orders an item BA82829 by box but the store manager stocks the item as individual units by using the 'Each' unit of measure. Item BA82829 can be ordered from three suppliers and the box sizes differ by supplier (12, 24 and 36). Identify the correct option to set up these units of measure in Product Hub (PIM).

                                                    A) Create a box UOM and an Each UOM and assign them to different UOM classes.
                                                    B) Create a Box UOM and an Each UOM and assign both to the same UOM class.
                                                    C) Create multiple BoxY UOMs, where Y is the quantity per box, and an Each UOM, and assign them to the same UOM class.
                                                    D) Create multiple BoxY UOMs, where Y is the quantity per box, and an Each UOM, and assign them to different UOM classes.
                                                    E) Always use the Each UOM and do not create Purchase Orders for Box.


                                                    Solutions:

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

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