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| Section | Objectives |
|---|---|
| Inventory Valuation and Costing | - Cost accounting integration - Cost methods and valuation principles |
| Inventory Management Fundamentals | - Item and warehouse configuration basics - Inventory structure and organization setup |
| Inventory Controls and Compliance | - Subinventory and locator management - Inventory controls, cycle counts, and auditing |
| Reporting and Integration | - Inventory reporting and analytics - Integration with Oracle SCM Cloud modules |
| Inventory Transactions and Execution | - Receipts, issues, transfers, and adjustments - Material movement and transaction processing rules |
1. Material is transferred between two subinventories within an organization via transfer order. The setup is complete and the transfer order is created through the FBDI process.
What is the primary interface data that needs to be completed in the template?
A) CST_I_INCOMING_TXN_COSTS
B) INV_SUBINVENTORY_TRANSFER
C) INV_SERIAL_NUMBERS_INTERFACE
D) INV_TRANSACTION_LOTS_INTERFACE
E) INV_TRANSACTIONS_INTERFACE
2. Which three statements about cost organization are correct? (Choose three.)
A) Profit center business unit can have one or more inventory organizations.
B) Profit center business units can have only one cost organization.
C) A cost organization can have one or more inventory organizations.
D) All inventory organizations of a cost organization need to within the same business unit.
3. Which statement is false about generating an Internal Material Transfer for expense destination Transfer Order?
A) Cost Management will pick up the delivery transaction directly from Receiving and process the expense accounting from that transaction.
B) Expense destination transfers are expensed upon delivery hitting an expense account instead of an inventory asset account as would be the case for inventory destination transfers.
C) If the receipt is required, then accounting of the receipt delivery transaction will happen only in Receipt Accounting because there will not be a delivery transaction in inventory.
D) Cost for Lot and serial numbers are tracked at put away time when the items are recorded in a destination inventory location.
E) If the receipt is not required, Cost Accounting will pick up both the issue and receipt activity from the single inventory transaction "Transfer Order Issue".
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) Miscellaneous Issue
B) Sales Order Pick
C) Ship Confirm
D) Move Request Putaway
E) Sales Order Issue
5. Which three statements are true regarding PAR Location Management?
A) Periodic Automated Replenishment (PAR) enabled facilities that do not store perpetual inventory (such as hospitals) to perform locator-level replenishment.
B) A receipt is required on interorganization expense destination transfer orders between the from and to organizations
C) If the stock level falls below the target on-hand quantity for the locator, inventory generates the appropriate replenishment document based on the item sourcing for the subinventory.
D) Organizations can perform locator-level stock counting for both quantity and non-quantity tracked subinventories.
E) PAR location management replenishment are calculated at the organization level or subinventory level.
Solutions:
| Question # 1 Answer: E | Question # 2 Answer: A,B,D | Question # 3 Answer: D | Question # 4 Answer: C | Question # 5 Answer: A,B,D |
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