Oracle Inventory Cloud 2023 Implementation Professional : 1Z0-1073-23

  • Exam Code: 1Z0-1073-23
  • Exam Name: Oracle Inventory Cloud 2023 Implementation Professional
  • Updated: May 29, 2026     Q & A: 81 Questions and Answers

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Oracle Inventory Cloud 2023 Implementation Professional Sample Questions:

1. You set up an item organization and an inventory organization as part of your customer's requirement.
Your customer has, by mistake, performed a receipt transaction in the item organization instead of the inventory organization. How wiil you rectify the error?

A) It is not possible to receive item in the item organization.
B) Perform a new receipt in the correct organization and retain the stock in item organization because it does not affect any other operation.
C) Perform a correct receipt transaction and receive the item in the correct organization.
D) Perform a return of item and receive the item again in the correct organization.


2. Identify the correct sequence of consigned inventory process flow.

A) Consignment order sent to supplier - Consignment agreement creation - Consigned inventory received by buyer - Consumption advice sent to supplier
B) Consignment order sent to supplier - Consignment agreement creation - Consumption advice sent to supplier - Consigned inventory received by buyer
C) Consignment agreement creation - Consignment order sent to supplier - Consigned inventory received by buyer - Consumption advice sent to supplier
D) Consumption advice sent to supplier - Consignment order sent to supplier - Consignment agreement creation - Consigned inventory received by buyer


3. You face a supply request exception due to some reason. You realize that you need to make some changes to the Manage Supply Request Exceptions page.
Which action will you perform?

A) Update the supply request and make sure errors are resolved before resubmitting it.
B) Update the supply request and submit it. The errors will be resolved automatically.
C) The supply request cannot be updated. The only way is to resolve the error in the source application and resubmit the request.
D) The supply request can be updated using a third-party application only.


4. 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 you decide to issue the goods after three days without transferring the ownership.
B) You received the goods today and for the next one week you do not plan any action on the same.
C) You received the goods today and you transfer the ownership using the "create transfer to owned transaction" task.
D) You received the goods today and after three days you transfer the ownership using the "create transfer to consigned transaction" task.
E) You received the goods today and after four days you return the material to the supplier.
F) You received the goods today and after six days you decide to transfer the ownership using the "create transfer to consigned transaction" task.


5. 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) The General Ledger is not associated with Business Unit.
C) There is no Business Unit associated with the Legal Entity.
D) The Business Unit is not enabled for Costing.
E) The Legal Entity Setup is incomplete.


Solutions:

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

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