1Z0-221 - Oracle Inventory Management 11i Fundamentals
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The ATP (Available to Promise) algorithm uses three time fences. They are PAST DUE SUPPLY, PAST DUE DEMAND and _____.
Infinite Supply Time
Select one accurate and comprehensive description of the content scope of an ABC compile?
performed at the inventory organization or individual subinventory level
For performing an ABC analysis, you need to define these three: 1. ABC compile 2. ABC classes 3. ABC assignment group Which two are correct actions? (Choose two.)
Assign an ABC class to an ABC group.
Link an ABC compile to an ABC group.
Your cycle count has the following setup: Cycle count variance approval tolerances defined; Approval Required option set to "If out of tolerance"; Automatic Recounts selected with a maximum of three. If the first cycle count actual quantity entered for your item exceeds the approval tolerance specified, Oracle Inventory ____.
holds the cycle count adjustment for a recount and does not post the adjustment
Which three statements regarding Oracle Inventory forecasting are true? (Choose three.)
When creating a forecast, you can select the type of transactions you want to use.
Manually created forecasts can be based on transaction activity other than historical data.
Forecasts generated by Inventory are based on historical transaction activity only.
Min-Max profile options support _____.
Kanban Material planning
From which Oracle applications can interorganization receipts be received into an organization?
Which is the key setup required in order to restrict the access to an inventory organization by a user? (Choose one)
A superuser sets up the organization access to the inventory organization for the user responsibility.
Oracle Inventory interacts with other Oracle applications by sharing information. Choose two pieces of information that Oracle Inventory receives from the Order Management application. (Choose two.)
You specified cycle count measurement error values when you defined your item at the master item or organization item level. You also specified a cycle count quantity variance approval tolerance at the cycle count item level. If the actual cycle count quantity for your item differs from the system on-hand quantity by less than the specified measurement error, Oracle Inventory _____.(Select one answer)
applies the measurement error to the cycle count approval tolerance before the approval decision and makes a cycle count adjustment when approved
What are the Inventory Move Order types that are supported?
Requisition, inventory replenishment, pick release
You are using cycle counting, the quantity variance approval tolerances are specified at these levels: Cycle count header level Cycle count class level Cycle count item level If the tolerances are set up at all the levels, which tolerance is considered first by Oracle Inventory?
Cycle count item level
You have specified both quantity variance and adjustment value approval tolerances at the cycle count header level only. You have also set the Approval Required option in your cycle count to "If out of tolerance". Oracle Inventory would automatically approve your actual count entered if ____.
the cycle count quantity entered for your item falls within both the quantity variance tolerance and the adjustment value approval tolerance
Inventory organizations B1 and M1 each have five unique physical separations of material inventory area, which are under locator control. Customer shippable goods are stored in the FGI (Finished Goods Inventory) storage area. The raw material storage area is called Stores. Organization B1 wants to transfer customer goods from one locator to another. What is the applicable transaction to accomplish the transfer?
You have enabled the CHECK ATP option for an item in the Finished Goods subinventory. What would Oracle Inventory do?
permit order booking based on a successful test
Which three statements are valid about transaction reasons? (Choose three.)
They can be used in all transaction forms.
They can be used with any type of Material Transaction.
Reports by transaction reason are available in the application.
Which statement is true about an inventory organization that is set up under a multiorganization structure in Oracle Inventory?
An inventory organization exists under a distinct set of books, operating unit and legal entity.
A customer produces stents at several factories that are set up as inventory organizations. The company needs the ability to uniquely identify each stent and know which factory produced it. Regulations require that each stent be identified by 16-characters. What would you do to meet this requirement?
Set up serial control, by using the prefix for the factory, and a starting serial number of 15 characters. Set Uniqueness to Across Organizations.
Which two statements are true about the item master? (Choose two.)
There is no functional or technical difference between the Item Master organization and other organizations.
When an attribute control is set at the item master level, updates are not allowed at the item/organization level.
Company XYZ has portable bar code readers that are used to scan and read data about the amount of time charged on a resource that has been utilized on the manufacturing floor. This data about utilization is then processed in the Oracle Work in Process module by using a _____.
Lot Move Transaction Manager
You are setting up a requisition move order for which approval is required. At the organization level, you have defined the following: 1) Move Order Timeout Period 2) Move Order Timeout Action However, the approval process is not being enabled for the organization item. What is a possible reason?
A planner has not been assigned to the organization item.
The following table shows the values for quantity variance and adjustment value tolerances for an item in a cycle count: Item Attributes Value Item Standard Cost - $10.00 Positive Quantity Variance - Tolerance 5% Negative Quantity Variance - Tolerance 10% Positive Adjustment Value - Tolerance $200 Negative Adjustment Value - Tolerance $250 Given that the system count is 100, which value would be considered a Positive Quantity Variance that requires approval, and also considered a Positive Adjustment Value?
The count quantity equals 122.
is an audio CD distribution organization; it is not Warehouse Management System (WMS) enabled. wants to identify its inventory items to be combination of its own item name (which may have up to 30 alphanumeric characters) and the UPC code (which is numeric and always 12 characters). What is the best way to define the system item flexfield?
two segments, the first one with format type character, maximum size of 30 and second with format type character, maximum size of 12, with "Right-Justified and Zero-fill numbers" checkbox checked
Identify the type of entity against which Oracle Inventory charges a transaction.
transaction source type
Which three statements are true regarding inventory transactions? (Choose three.)
Transaction types identify certain transactions to be included in historical usage calculations for ABC analysis or forecasting.
Transaction types are used to classify a transaction for reporting and querying purposes.
The user can define new source types.
Which two statements are true about the Managing Shipments process? (Choose two.)
You can update information pertaining to the shipment header and the shipment lines.
You can access all incoming and outgoing in-transit shipments between inventory organizations associated with the current organization.
Your client wants to implement re-order point planning for some of the items in the organization. They currently use min-max planning. What is the minimum amount of information that needs to be changed on the items the customer wishes to plan?
Safety Stock Quantity, Inventory Planning Method set to Reorder Point, Forecast Quantity, Carrying Cost, and Order Cost
Which two statements about the Stock Locator flexfield are true? (Choose two.)
Stock Locator is set up as a key flexfield.
You have the flexibility to set up segments of the stock locator as mandatory or not mandatory.
You are implementing Oracle Inventory in a Make-To-Order manufacturing environment where there is on-hand inventory for 200 different motors. For these purchasable items, given the proper profile setup, Min-max can automatically create _____.
records in the Purchase Order Requisition interface table
has four operating units. Each operating unit has its own master organization. Operating unit 1 has twenty-two inventory organizations. Operating unit 2 has four inventory organizations. Operating unit 3 has thirteen inventory organizations. Operating unit 4 has eight inventory organizations. All four operating units are assigned to one legal entity. Which statements are true? (Choose all that apply.)
Interorganization transfers between operating unit 2 and operating unit 3 cannot be performed.
The same item name can be defined in the master organization in operating unit 1 and the master organization in operating unit 2.
Which four statements are true about generating a cycle count? (Choose four.)
The Cycle Count Enabled item attribute must be set to Yes for the items you want to include in your cycle count (assume autogenerated requests).
If you turn automatic scheduling on, you should specify the frequency of scheduling: daily, weekly, or by period.
You can schedule cycle counts either automatically or manually.
You can manually schedule count using the Manual Schedule Request window. You can request counts for specific subinventories, locators and items.
From which Oracle applications can 'in-transit' receipts be received into an organization?
wants material in a subinventory to be considered for material planning purposes. Which set of flags would you set for that subinventory?
Qty Tracked, Nettable
Which two statements are true about lot numbers? (Choose two.)
Lot numbers can be user defined.
Before turning lot control on for an item, your on-hand quantity for that item should be zero.
A Finished Goods subinventory of name FG has to be set up in several inventory organizations. Which two are true? (Choose two.)
The same subinventory name FG can be set up in any of the inventory organizations under the same Oracle Inventory responsibility.
The same subinventory name FG can be set up in different inventory organizations, regardless of the Oracle Inventory responsibilities.
Which data is received by Oracle Order Management from Oracle Inventory?
units of measure, items, reservations and ATP/on-hand quantities
Min-max planning can be used _____.
in place of MRP/MPS planning
Which three ways can inventory be received into stock by using the Oracle Inventory module? (Choose three.)
Receipt and then Deliver
Receipt and Deliver
Receipt, Inspect and Deliver
Select all the control options and restrictions that can be applied to an item. 1. Locator Control 2. Serial Number Control 3. Lot Control 4. Subinventory and Locator restrictions 5. Revision Quantity Control
1, 2, 3, 4 and 5
A parts distributor has a facility that includes several buildings that are used as warehouses. All the warehouses together represent one subinventory in an inventory organization. Each building is multistoried, and each floor (story) has several rooms within each building that are unique to that building. All rooms are used to store material, and the distributor needs the ability to store material and pick material from these rooms. What is the optimum number of segments that you would recommend for the Stock Locator flexfield?
The materials manager has noticed that several items were created and assigned to various inventory organizations, but the analyst skipped the Copy from Template step. She would like to know how to correct the items. Which three statements are true? (Choose three.)
You can use the Item Attribute Copy form to update the value of an item attribute across multiple organizations in a given organization hierarchy.
You can use the Organization Item window to update organization-level item attributes. This update window updates organization level attributes in your current organization only.
To update master-level attributes, use the Master Item window. If an attribute is controlled at the master level, the value of the attribute applies for all organizations to which the item is assigned.
You have set the SET RESTOCK min-max field to YES. What will Oracle Inventory do?
You have specified cycle count variance approval tolerances for your cycle count. You have also set the Approval Required option in your cycle count to "If out of tolerance". If the actual cycle count quantity entered for your item falls within the approval tolerance specified, Oracle Inventory _____.
automatically approves and posts the cycle count adjustment
Which three statements regarding Inventory forecasting are true? (Choose three.)
Focus forecasting can only be generated from historical data.
You typically use Focus forecasting to produce single period forecasts.
Statistical forecasting enables you to apply exponentially weighted trend and seasonality factors to predict demand.
For which type of Move order is approval required?
Requisition Move Order
has a factory that is set up as an inventory organization with several subinventories. Each of the subinventories has locators. The factory purchases material using a purchase order. The person who receives the purchase order does not know which subinventory and locator the material needs to go to. wants the subinventory and locator to be automatically populated for that item. Which option would solve the problem?
Use the Item Transactions Default form to create default subinventory and locators for the purchased item.
Which three values are applicable for the Transaction profile option Miscellaneous Issue and Receipt? (Choose three.)
Based on the ABC analysis which statement best describes the approach a warehouse manager should take in securing A, B, and C type inventory items?
provide the best protection for A items
What are the components of the Receipt to Issue process?
Receiving, Transferring, Issuing
You have specified cycle count variance approval tolerances for your cycle count. You have also set the Approval Required option in your cycle count to "If out of tolerance". If the cycle count quantity entered for your item exceeds the approval tolerance specified, Oracle Inventory _____. (Select one answer)
holds the cycle count adjustment for approval and posts it after approval