- Exam Code: 1Z0-1073-23
- Exam Name: Oracle Inventory Cloud 2023 Implementation Professional
- Updated: Aug 20, 2026
- Q & A: 81 Questions and Answers
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| Section | Objectives |
|---|---|
| Topic 1: Inventory Transactions and Execution | - Receipts, issues, transfers, and adjustments - Material movement and transaction processing rules |
| Topic 2: Reporting and Integration | - Inventory reporting and analytics - Integration with Oracle SCM Cloud modules |
| Topic 3: Inventory Management Fundamentals | - Item and warehouse configuration basics - Inventory structure and organization setup |
| Topic 4: Inventory Valuation and Costing | - Cost methods and valuation principles - Cost accounting integration |
| Topic 5: Inventory Controls and Compliance | - Inventory controls, cycle counts, and auditing - Subinventory and locator management |
1. Reorder quantities for an item subinventory are calculated using Fixed Lot Multiple and Round Order Quantity. Assume that the reorder quantity is 24 and you specify 10 for the fixed lot multiple and enable rounding the reorder quantity.
What will be the reorder quantity?
A) 30
B) 25
C) 20
D) 24
2. 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 for the next one week you do not plan any action on the same.
B) You received the goods today and you decide to issue the goods after three days without transferring the ownership.
C) You received the goods today and you transfer the ownership using the "create transfer to owned transaction" task.
D) You received the goods today and after six days you decide to transfer the ownership using the "create transfer to consigned transaction" task.
E) You received the goods today and after four days you return the material to the supplier.
F) You received the goods today and after three days you transfer the ownership using the "create transfer to consigned transaction" task.
3. Your client is about to define their primary ledger.
Which set of three primary attributes do they need to know in order to complete this?
A) Chart of Accounts, Ledger Balance, and Accounting Method
B) Chart of Accounts, Description, and Accounting Method
C) Currency, Description, and Accounting Method
D) Chart of Accounts, Accounting Calendar, and Currency
4. Which three values are applicable for the profile option - "Transaction Processing Mode" for subinventory transfer and interorganization transfer? (Choose three.)
A) Online Processing
B) Sequential Processing
C) Concurrent Processing
D) Blind Processing
E) Offline Processing
F) Background Processing
5. Which three types of jurisdictions should be considered while designing the Enterprise Structure? (Choose three.)
A) Identifying Jurisdiction
B) Labor Jurisdiction
C) Local Jurisdiction
D) Obligatory Jurisdiction
E) Transaction Tax Jurisdiction
F) Income Tax Jurisdiction
Solutions:
| Question # 1 Answer: D | Question # 2 Answer: B,E,F | Question # 3 Answer: C | Question # 4 Answer: B,D,E | Question # 5 Answer: C,D,E |
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