1Z0-1065-24

The Oracle 1Z0-1065-24 exam, "Oracle Procurement Cloud 2023 Implementation Essentials," focuses on the implementation and configuration of Oracle Procurement Cloud (OPC). The main points covered include:

I. Sourcing:

• Supplier Management: Creating and managing supplier information, including classifications, attributes, and performance metrics. Understanding supplier registration and onboarding processes.
• Requisitioning: Understanding different requisition types, workflows, and approval processes. Configuring requisition rules and automated workflows.
• Requisition-to-Order (RTO) Process: Comprehensive understanding of the entire process from requisition creation through to purchase order generation. Knowing the system's capabilities for managing exceptions and deviations.
• Sourcing Events: Creating and managing different types of sourcing events (e.g., RFIs, RFPs, Auctions). Understanding the strategies and processes involved in sourcing.

II. Procurement:

• Purchase Orders: Creating, managing, and approving purchase orders. Understanding different PO types and options. Managing changes and cancellations.
• Contracts and Agreements: Creating and managing different types of contracts (e.g., blanket purchase agreements, service-level agreements). Understanding contract compliance and lifecycle management.
• Invoice Management: Processing invoices, managing invoice discrepancies, and integrating with other systems. Understanding invoice approval workflows.
• Payment Processes: Understanding the different payment methods and processes. Managing payment terms and schedules.

III. Reporting and Analytics:

• Key Performance Indicators (KPIs): Understanding and interpreting key metrics related to procurement performance.
• Reporting and Dashboards: Using Oracle's reporting and analytics tools to monitor procurement activities and identify areas for improvement.

IV. Integration and Extensions:

• Integration with other Oracle Cloud applications: Understanding how OPC integrates with other modules within the Oracle Cloud suite (e.g., ERP, SCM).
• Extensibility: Understanding the capabilities for customization and extension of OPC using APIs and other tools.

V. Setup and Configuration:

• Setting up the OPC environment: Understanding the necessary configurations and settings required for deploying and implementing OPC.
• Security: Understanding security concepts and best practices related to access control and data protection.

In summary: The 1Z0-1065-24 exam tests your knowledge of the complete procurement lifecycle within Oracle Cloud, from sourcing to payment, with a focus on implementation and configuration. A strong understanding of the various processes, configurations, and integration points is crucial for success. You should be prepared to answer both conceptual and technical questions.