1Z0-1073-20: Oracle Inventory Cloud 2020 Implementation EssentialsDemoRetired

By Oracle · Question Mode

QuestionQ1

Database Administration and Management

While negotiating the consignment agreement terms, the buyer and supplier mutually agree to set the aging onset point to receipt and the aging period to five days. The terms also specify that consumption advice will be generated daily.

In which three scenarios will ownership of the goods transfer from the supplier to the buyer?

Choose three
  • A You received the goods today and after three days you transfer the ownership using the "create transfer to consigned transaction" task.
  • B You received the goods today and after six days you decide to transfer the ownership using the "create transfer to consigned transaction" task.
  • C You received the goods today and you decide to issue the goods after three days without transferring the ownership.
  • D You received the goods today and after four days you return the material to the supplier.
  • E You received the goods today and for the next one week you do not plan any action on the same.
  • F You received the goods today and you transfer the ownership using the "create transfer to owned transaction" task.
Explanation

For consigned inventory, receipt starts the five-day aging calculation when the onset point is Receipt; ownership transfers when that aging period expires. Issuing consigned material can cause implicit consumption and a Transfer to Owned ownership change. A Transfer to Owned transaction explicitly transfers inventory from supplier ownership to the buyer’s internal organization. A Transfer to Consigned transaction moves ownership in the opposite direction.

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