Practice for 1z0-1065-24 Procurement 2024 Certification NEW!

Procurement Application Overview

• Explain procurement concepts and components

• Explain the Procure-to-Pay flow

Implementing Fusion Functional Setup Manager

• Explain the application implementation lifecycle

• Manage a procurement implementation

Provisioning Common Functions

• Explain the various layers of enterprise structures

• Explain applications security, job roles, duty roles, and privileges

• Create business units, common payables and procurement options, and approval management for procurement

Setting up Common Procurement Functions

• Manage supplier configuration and supplier site assignment

• Define Supplier Business Classification, Supplier Products and Services Category Hierarchy

• Manage common procurement setups

Setting up Purchasing

• Define purchase document configuration and document styles

• Assign business functions to business units

• Create line types, change orders, and assign procurement agents

• Set up Consigned Inventory from Supplier, Transaction Manager, Shared Service Center, B2B Communication

Setting up Self Service Procurement

• Explain Self Service Procurement

• Configure Self Service Procurement

• Set up catalogs

Setting up the Supplier Portal

• Explain Supplier Portal setup and maintenance

• Create Portal Registration, Supplier Provisioning, and Default Roles

• Set up supplier business classification, internal and external supplier registrations

Setting up Sourcing

• Explain sourcing configuration objectives

• Maintain negotiation styles and templates

• Set up sourcing configuration

• Maintain supplier negotiations

Setting up Supplier Qualification Management (SQM)

• Configure Questions, Qualification Areas, and Models

• Set up SQM processes and manage transactions

Configuring Procurement Contracts

• Configure a contract terms library

• Create contract terms, procurement contract, approvals, and contract fulfillment

Understanding Project-Driven Supply Chain (PDSC)

• Configure Project-Driven Supply Chain

Using AI Capabilities in Procurement

• Understand how to leverage Oracle’s pervasive AI approach in Oracle Cloud Applications

• Describe the integration and application of AI within the Oracle SCM ecosystem

• Use AI in Spend Classifications

• Use AI in Sourcing processes and supplier discovery