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Exam Code: 1Z0-1073-23
Exam Name: Oracle Inventory Cloud 2023 Implementation Professional
Updated: Jul 22, 2026
Q & A: 81 Questions and Answers
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| Section | Objectives |
|---|---|
| Inventory Valuation and Costing | - Cost accounting integration - Cost methods and valuation principles |
| Inventory Management Fundamentals | - Inventory structure and organization setup - Item and warehouse configuration basics |
| Inventory Controls and Compliance | - Inventory controls, cycle counts, and auditing - Subinventory and locator management |
| 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. Identify three statements that are true about reservations in back-to-back processing.
A) Reservations cannot be created for back-to-back On Hand supply orders.
B) Changes to reservation in Oracle Logistics Cloud leads to exceptions, which are displayed in the Supply Chain Orchestration work area.
C) Partial fulfillment of reservations is supported.
D) One reservation is created for a demand and supply.
E) Reservation supplies that can be reserved are Purchase Orders, Transfer Orders, Work Orders, and On Hand inventory.
2. Which action invokes supply chain orchestration and transfer of data to supply chain orchestration interface tables?
A) running a scheduled process called "Create Transactions"
B) creating a new Inventory Organization for execution of supply chain orchestration
C) creating Purchase Order Receipt
D) running Min-Max Planning
3. You are currently implementing Oracle Cloud for the Singapore entity of your multinational customer. Their head office is located in Japan. Apart from Singapore, their other entities are using a legacy system.
Their requirement is to implement Oracle Cloud in such a way that at the end of the financial year, all their financial reporting should be in Japanese Yen.
How will you fulfill the above requirement?
A) Define one primary ledger with Japanese Yen currency so that all the subledger data gets converted to Japanese Yen automatically.
B) Define one primary ledger with SGD (Singapore Dollars) as primary currency and use the reporting currency functionality to provide the necessary data in Japanese Yen currency.
C) Define two ledgers one in SGD (Singapore Dollars) and one in Japanese Yen and transfer data of all the subledgers in these two primary ledgers.
D) This requirement cannot be fulfilled.
4. Which three statements about project specific picking process are correct? (Choose three.)
A) Pick release of movement request allocates common inventory prior to project specific inventory.
B) Picks can be searched by project and task number.
C) Shipment lines with project task can be created in shipping organization not enabled for projects.
D) Picks with same project and task can be grouped to single pick slip.
5. Which three statements about cost organization are correct? (Choose three.)
A) Profit center business unit can have one or more inventory organizations.
B) All inventory organizations of a cost organization need to within the same business unit.
C) A cost organization can have one or more inventory organizations.
D) Profit center business units can have only one cost organization.
Solutions:
| Question # 1 Answer: A,B,D | Question # 2 Answer: D | Question # 3 Answer: B | Question # 4 Answer: A,B,D | Question # 5 Answer: A,B,D |
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