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Oracle 1Z0-1073-23 Exam : Oracle Inventory Cloud 2023 Implementation Professional
- Exam Code: 1Z0-1073-23
- Exam Name: Oracle Inventory Cloud 2023 Implementation Professional
- Updated: Oct 04, 2026
- Q & A: 81 Questions and Answers
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Oracle 1Z0-1073-23 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Inventory Valuation and Costing | - Cost methods and valuation principles - Cost accounting integration |
| Topic 2: Inventory Management Fundamentals | - Item and warehouse configuration basics - Inventory structure and organization setup |
| Topic 3: Inventory Transactions and Execution | - Receipts, issues, transfers, and adjustments - Material movement and transaction processing rules |
| Topic 4: Reporting and Integration | - Integration with Oracle SCM Cloud modules - Inventory reporting and analytics |
| Topic 5: Inventory Controls and Compliance | - Inventory controls, cycle counts, and auditing - Subinventory and locator management |
Oracle Inventory Cloud 2023 Implementation Professional Sample Questions:
Question #1
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 after four days you return the material to the supplier.
- D. You received the goods today and you transfer the ownership using the "create transfer to owned transaction" task.
- E. You received the goods today and after three days you transfer the ownership using the "create transfer to consigned transaction" task.
- F. You received the goods today and after six days you decide to transfer the ownership using the "create transfer to consigned transaction" task.
Correct Answer: A,C,E 🗳️
Question #2
You have a high value item that you want to audit on an unscheduled basis to deter pilfering.
Which two methods could you use to do this?
- A. Automated Cycle Count
- B. Blind Inventory Count
- C. Manual Cycle Count
- D. ABC Count
- E. Based on Item Category
Correct Answer: B,E 🗳️
Question #3
In the Back-to-Back (B2B) Order to Cash flow, ordered items are purchased from a supplier. The Sourcing Rules have been defined for the item and the buy flow has been initiated. The sales order line is shown as Awaiting Shipping and the supply line status is "In Purchasing" with the supply order generated but the purchase requisition not generating.
What is the reason?
- A. Work definition is missing for the item.
- B. The sourcing rule is incorrect.
- C. No Blanket Purchase Agreement (BPA) exists for this supplier - item combination.
- D. ATP rule is not defined.
Correct Answer: C 🗳️
Question #4
A shipment has not yet been created for a pick that you are running.
How is the due date calculated?
- A. request date from the order line
- B. system date
- C. schedule ship date from the order line
- D. promise date from the order line
- E. earliest acceptable date from the order line
Correct Answer: C 🗳️
Question #5
Your are in the process of analyzing the demand and supply schedules for the item based on high level reservations.
Identify the reservation document type that would be applicable to both supply as well as demand.
- A. Work Order
- B. Account Alias
- C. On Hand
- D. Movement Request
- E. Transfer Order
- F. Requisition
Correct Answer: F 🗳️
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