1D0-1065-23-D Exam Dumps | What benefit does defining Supplier Business Classification provide in Oracle Fusion Cloud Procurement?

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Oracle Fusion Cloud Procurement 2023 Implementation Professional - Delta
Oracle.1D0-1065-23-D.v2025-05-20.q79
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Question 1/79

What benefit does defining Supplier Business Classification provide in Oracle Fusion Cloud Procurement?

A. Simplified contract negotiation with suppliers.

B. Streamlined supplier onboarding process.

C. Enhanced visibility into supplier performance.

D. Improved tracking of supplier invoices.

Correct Answer: B

Defining Supplier Business Classification in Oracle Fusion Cloud Procurement helps streamline the supplier onboarding process. By classifying suppliers based on their business type or industry, it becomes easier to identify and select the right suppliers for the organization's procurement needs, thus improving the onboarding efficiency.

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Question List (79q): Question 1: What benefit does defining Supplier Business Classification ...; Question 2: Your customer tells you that the agreement document sequenci...; Question 3: Which of the following components is NOT part of the Supplie...; Question 4: What is the role of Qualifications in Oracle Fusion Cloud Pr...; Question 5: Which of the following roles is responsible for creating pro...; Question 6: What is the purpose of the 'Approved Supplier Lists' functio...; Question 7: When a purchase order is created in Oracle Fusion Cloud Proc...; Question 8: Which of the following is a business function within the Ora...; Question 9: Which of the following procurement components is responsible...; Question 10: Which feature in Oracle Fusion Cloud Procurement allows user...; Question 11: Which procurement application is used for creating and submi...; Question 12: Which sequence of steps should you follow to configure an ap...; Question 13: What is the purpose of the Contract Terms Library in Oracle ...; 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Question 27: What is a carrier in the context of procurement?...; Question 28: Which entity is responsible for defining and enforcing secur...; Question 29: What is a key step in creating Business Units in Oracle Fusi...; Question 30: Which of the following tasks can be performed using the 'Con...; Question 31: Which of the following is not a common application for procu...; Question 32: Your customer organization is headquartered in Toronto, and ...; Question 33: What are the key features of Supplier Qualification Manageme...; Question 34: What is the purpose of configuring Two-Stage negotiation in ...; Question 35: Which of the following is a key benefit of implementing a Pr...; Question 36: Which of the following statements about Fusion Functional Se...; Question 37: What are the key benefits of using the Supplier Portal in Or...; Question 38: Oracle Cloud applications provide a set of predefined Job Ro...; Question 39: What is the purpose of the supplier qualification process in...; 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Question 54: What is the purpose of supplier business classification in O...; Question 55: What is the purpose of configuring Surrogate Bidding in Orac...; Question 56: Which of the following can be used as an approval rule crite...; Question 57: Which of the following tasks can a supplier perform using th...; Question 58: Which profile option is used to default the numbering method...; Question 59: Purchasing Document Types Which document type is used to cre...; Question 60: Which of the following describes a typical workflow of the R...; Question 61: What is Purchase Document Configuration and Document Styles ...; Question 62: How can the Supplier Products and Services Category Hierarch...; Question 63: Which step is involved in the Self Service Procurement lifec...; Question 64: Which of the following is a key functionality of the 'Purcha...; Question 65: Which of the following represents a typical Punch Out flow i...; Question 66: During the implementation of Oracle Fusion Cloud Procurement...; 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