Oracle 1z1-470 Exam Questions : Oracle Fusion Procurement 2014 Essentials

  • Exam Code: 1z1-470
  • Exam Name: Oracle Fusion Procurement 2014 Essentials
  • Updated: Oct 05, 2026
  • Q&As: 70 Questions and Answers

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Oracle 1z1-470 Exam Syllabus Topics:

SectionObjectives
Sourcing and Agreements- RFQs and sourcing negotiations
- Blanket purchase agreements and contracts
Purchasing- Purchase orders creation and management
- Purchase order lifecycle and amendments
Procurement Configuration and Integration- Integration with Oracle Financials and Inventory
- Setup tasks and enterprise structure alignment
Introduction to Oracle Fusion Procurement- Procurement Cloud overview and key concepts
- Business flow and procurement lifecycle
Supplier Management- Supplier qualification and profiles
- Supplier setup and maintenance
Self Service Procurement- Approval workflows and requisition processing
- Requisitions and shopping catalogs

Oracle Fusion Procurement 2014 Essentials Sample Questions:

Question #1

Identify three profile options that are used to configure Self Service Procurement.

  • A. PO_PRC_AGENT_CATEGORY_ASSIGNMENT
  • B. PO_DEFAULT_PRC_BU
  • C. POR_SEARCH_RESULTS_SKIN
  • D. PO_DOC_BUILDER_DEFAULT_DOC_TYPE
  • E. POR_DISPLAY_CATEGORY_ITEM_COUNT
Reveal Solution  Discussion  0

Correct Answer: A,B,D  🗳️

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Question #2

Your customer tells you that in their industry, the response document for an auction is called a 'Proposal' instead of the default Fusion term 'Bid', and that they would like to have all their negotiation documents reflect this terminology. What would you do to meet this requirement?

  • A. Create a Negotiation Style.
  • B. Create a Negotiation Type.
  • C. Create a Negotiation Template.
  • D. Create a Purchasing Document Style.
  • E. Customize the Descriptive Flexfield.
Reveal Solution  Discussion  0

Correct Answer: B,C  🗳️

Question #3

A supplier has one corporate site location and three other site locations from where they supply goods to your client locations. Each site must have its own contract for negotiating and they must be restricted from viewing each other's negotiations.
How would you configure this?

  • A. by giving the Supplier Administrator role to the supplier contract
  • B. by giving the Procurement Agent role to the supplier contract
  • C. by restricting supplier contract access to Supplier Level
  • D. by restricting supplier contract access to a specific supplier site
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

Question #4

You have defined your negotiation style and named it 'ABC negotiation style'.Subsequently, you try to add collaboration team members on negotiation that is based on the 'ABC negotiation style' and find that the "Collaboration Team" field is disabled. Identify the cause.

  • A. The "Collaboration Team" checkbox is unchecked in the style.
  • B. The "Requirements and Instructions" checkbox is unchecked in the style.
  • C. Online collaboration is visible only to the Requisition Preparer.
  • D. Cost factors are not set up for negotiations for participants, causing no collaboration to negotiate cost.
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

Question #5

Identify the complete sequence for the Procure-to-Pay flow.

  • A. Create Requisition > Create Job Order > Build Inventory > Transfer Inventory > Pay Supplier > Return Goods to Supplier.
  • B. Enter Invoice > Match Invoice > Pay Supplier > Return Goods to Supplier.
  • C. Create Requisition > Create Purchase Order > Fulfill Purchase Order > Enter Invoice > Match Invoice > Pay Supplier.
  • D. Create Requisition > Request for Quote > Analyze Quote > Award Supplier.
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

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