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Test Name : Oracle Procurement Cloud 2018 Implementation Essentials
Vendor Name : Oracle
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Exam Title : Oracle Procurement Cloud 2018 Implementation Essentials
Exam ID : 1Z0-1007
Exam Duration : 120 minutes
Questions in test : 83
Passing Score : 60%
Format : Multiple Choice Questions (MCQ)
Exam Center : Pearson VUE
Real Questions : Oracle Procurement Cloud 2018 Certified Implementation Specialist (OCS)
Recommended Practice : 1Z0-1007 Online VCE Practice Test

Procurement Application Overview - Explain Procurement architecture and components
- Explain simplified Procure to Pay flow
- Explain Procurement applications integration Common Applications for Procurement - Explain Enterprise Structures
- Configure Applications security, Job roles, Duty roles, and Privileges
- Create Business Units, common Payables, Procurement options, and Approval Management for Procurement Purchasing - Define Purchase Document Configuration and Document Styles
- Define Business Unit Function configuration, Configure Procurement Business Unit, Document types, Change Order template
- Define Receiving Parameters for Purchasing
- Create Line Types and Change Orders, and assign Procurement agents
- Set up Budgetary Control and Encumbrance accounting
- Set up Financial Orchestration Flow driven Procurement
- Set up Procurement of Consigned Inventory from supplier Supplier Portal - Explain objectives, Portal Setup, and maintenance
- Create Portal Registration, supplier Provisioning, and Default Roles
- Explain supplier business classification, internal and external supplier registrations Reporting and Business Intelligence for Procurement - Explain Reporting and Business Intelligence for Procurement
- Configure OTBI , RTF Templates for POs, PRs, Dashboard metrics, and graphs in Purchasing work areas and Sourcing Procurement Contract - Configure a Contract Terms Library
- Create Contract Terms, Procurement Contract, Approvals, and Contract Fulfillment Fusion Functional Set Up Manager - Explain the Application implementation lifecycle
- Explain Functional Set Up Enterprise Roles
- Plan an implementation
- Configure offerings
- Generate Set Up Task lists, Offerings, and Options
- Assign Tasks to users
- Manage implementation projects Common Procurement - Manage supplier configuration and supplier site assignment
- Define Payment Terms, UOM, Carriers, and Hazard Clauses
- Define a supplier Business classification lookup, supplier Products, and the Services hierarchy
- Create Freight Lookups, purchasing profile options, and Approved supplier List statuses Self Service Procurement - Explain Self Service Procurement
- Manage Profile Options, Catalog categories, Content Maps, and configure Requisitioning Business Functions
- Create Public Shopping Lists, Smart Forms, Catalog-Category Hierarchies, Templates and Punch Out
- Configure Requisition approvals Sourcing - Explain Sourcing configuration objectives
- Use Negotiation styles and Templates
- Create Cost Factors, Attribute lists, Negotiation lookups, and Negotiation lists
- Configure Negotiation and Award Approval, Surrogate Bidding, Online Message, Notification Summary, and two-stage RFQ
- Explain how supplier Qualification requirements can be captured during negotiations supplier Qualification Management (SQM)
- Configure SQM and create Questions, Qualification Areas, and Models
- Set up SQM Processes and manage Transactions, including Initiatives, Responses, Evaluation of Assessments, and Qualifications



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Oracle Procurement tricks

Warren Buffett's 6 tricks to teach youngsters about cash | 1Z0-1007 Free test PDF and test Cram

a man wearing a suit and tie: Warren Buffett speaks on stage © Larry W Smith/EPA/Shutterstock Warren Buffett speaks on stage

With all of his huge company offers and philanthropic work, you’d feel the billionaire CEO of Berkshire Hathaway do not need time to teach the next era of buyers.

not so. In 2011, the Oracle of Omaha helped create a babies’s animated collection called Secret Millionaires club, which aspects Warren Buffett as a mentor to a group of enterprising kids. He even voiced himself for the primary few years.

You could not have his legendary financial acumen, however through the years Buffett has offered a few nuggets of wisdom for parents on how to teach their own babies about money. here are six suggestions you can use to flow in your knowledge.

1. It’s critically never too early to gain knowledge of xiaoyuguai / Shutterstock © provided with the aid of MoneyWise xiaoyuguai / Shutterstock

When Buffett says to start instructing economic abilities early, he potential early.

“on occasion parents wait except their kids are in their teenagers before they delivery speakme about managing money — after they could be starting when their youngsters are in preschool,” he told CNBC.

So, how do you train economic literacy to a 3-year-historical? overlook the inventory market and begin with the classics: money doesn’t grow on timber.

you could explain to young babies that spending isn’t as effortless as tapping that card all over the place you go. It takes tough work to earn cash, so that you shouldn’t spend calmly.

2. train the price of saving — even $1 a drawing of a cartoon character: Youtube / Warren Buffett's Secret Millionaires Club © supplied by means of MoneyWise Youtube / Warren Buffett's Secret Millionaires membership

As soon as they’re old ample to consider, start instructing your children the price of saving.

Buffett wastes no time instructing the babies in Secret Millionaires club about interest.

“Saving even a little little bit of money on a regular groundwork can pay off,” he says. “as an alternative of spending cash on a soda, which you don’t actually need, put it in reductions, and it'll make even more cash for you by means of earning pastime.”

however classes from cartoons simplest go up to now — your children may use some palms-on event to be more suitable savers. that you may get them their very personal reductions account and debit card.

Some special apps even will let you assign chores, installation computerized deposits for his or her allowance and even deposit mum or dad-provided pastime. They’ll be capable of see how lots cash they’re making and saving — but don’t fret, you will have comprehensive control over how a good deal they could spend with the card and where.

three. Be a heroic role model a man and a woman sitting on a table: LightField Studios/Shutterstock © provided through MoneyWise LightField Studios/Shutterstock

Your children are going to prefer up some of your habits — the respectable and the bad. Buffett credits his personal father for showing him how to build the right habits.

CONSTELLATION brands, INC.

“My dad was my most excellent idea,” Buffett talked about in a 2013 interview with CNBC. “He become my hero when i was six and he's nevertheless my hero now. he is an notion to me in each means. What I realized at an early age from him turned into to have the appropriate habits early.”

are looking to be a hero mother or father? encourage your children by means of making wise monetary selections. That doesn’t mean you should be an authority investor, however as a minimum demonstrate your children you understand the way to retain your residence so as.

That means, first off, doing away with any difficult debt you’ve amassed. in case you’re struggling with excessive pastime quotes – the kind on credit score cards, for example — believe a debt consolidation personal loan to roll all these accounts into one loan with a a whole lot lower pastime cost.

that you may discover free capabilities online which will help you immediately compare costs from distinct lenders, making it easy to locate the ideal rates.

4. Separate needs from wishes a woman standing in front of a building: HTeam / Shutterstock © offered by way of MoneyWise HTeam / Shutterstock

a tricky early lesson for youngsters: you can’t have everything you need.

earlier than they can manage their cash responsibly, you’ll should train them that there’s a big difference between needs and wishes.

In an interview with CNBC, Buffet suggests having your youngsters make an inventory of five or 10 things they’d like to buy. Then, go through every merchandise with them and mark no matter if it’s a need or a need and explain why.

if you do store for the wants — or every so often, the desires — display your youngsters they can make significant choices at that stage, too. as an example, no longer each save has the same prices. With a free browser extension, you could immediately scan for improved prices at different marketers whilst you store on Amazon, goal and greater.

5. boost your wisdom a woman sitting at a table using a laptop: MNStudio / Shutterstock © offered by MoneyWise MNStudio / Shutterstock

Don’t have all the solutions? That’s commonplace; successful americans by no means stop researching.

“developing a lifestyles-long pursuit of learning and instructing your self is important for each individual,” Buffett’s animated self says in an episode of Secret Millionaires club.

That’s decent advice for folks and even improved tips for these just starting their tutorial adventure.

“What I all the time say is, gain knowledge of to be taught,” says Buffett, who famously reads a number of newspapers everyday. “Don’t be afraid to keep learning with the aid of taking a category or studying about innovations and new technologies.”

birth by encouraging your kids to pursue their routine, even if that capacity an after-school application or some extra memorizing cloth. That dedication and a fondness for abilities will serve them neatly in all areas of life, including their finances.

6. gasoline their entrepreneurial spirit

It didn’t take lengthy for Buffett to start sharpening his business competencies.

lengthy before Berkshire Hathaway, a six-year-ancient Buffett earned his first few cents promoting sticks of gum within the regional. Seeing an opportunity for even enhanced margins, he moved on to buying six-packs of Coke for a quarter and selling the individual cans for a nickel each.

Your son or daughter could never develop up to lead a multinational conglomerate, but encouraging them to see money-making opportunities will aid them down the street. Even a lemonade stand will support teach training like issue fixing, goal setting and salesmanship.

You may additionally agree with increase some seed funds to your baby’s future ventures using an automated investment app, like Acorns Early. With Acorns, the leftover exchange from all of the little purchases you're making daily is put into an investment account in your kid.

Then, when your baby becomes an adult, they'll be able to take over the account and use the classes you've gotten taught them to develop it much more.

When they are in their young adults, you may also believe opening up a Robinhood account collectively and getting a free stock for his or her newbie portfolio.


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