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Test Number : 1Z0-1007
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 exam : 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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every little thing they comprehend thus far about Oracle no longer definitely purchasing TikTok | 1Z0-1007 boot camp and PDF Download

A casually dressed young woman shrugs while holding the logos of two competing companies.enlarge / ¯\_(ツ)_/¯ Aurich Lawson / Getty photos reader feedback 218 with 123 posters participating Share this story
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  • It was a unusual weekend to end a weird summer season for one of the crucial country's most everyday social media apps, TikTok. First, in August, the Trump administration threatened to ban TikTok until it found a US buyer. Then ultimate weekend, one-time darkish horse Oracle emerged triumphant in a federally mandated contest to purchase TikTok. except, it turns out, Oracle is rarely in fact acquiring TikTok at all—and Oracle and TikTok's existing mother or father business, ByteDance, disagree on who goes to be in charge.

    if you're confused, you are in respectable company. right here's their try to lay out everything they know about TikTok, Oracle, and their mysterious deal so far.

    what is TikTok? Who owns it?

    TikTok is an extremely widespread short-form video app used global. The app looked in its existing incarnation after its guardian business, Beijing-based mostly ByteDance, got US startup Musical.ly in 2017 and built-in it with its existing TikTok product below the TikTok identify.

    Why is TikTok being banned?

    President Donald Trump on August 6 issued an government order making a choice on TikTok to be a countrywide safety possibility, writing:

    TikTok, a video-sharing mobile software owned with the aid of the chinese language company ByteDance Ltd., has reportedly been downloaded over a hundred seventy five million instances in the united states and over a billion times globally. TikTok immediately captures massive swaths of suggestions from its users, including cyber web and other community undertaking information corresponding to vicinity records and perusing and search histories. This statistics assortment threatens to enable the chinese Communist birthday party entry to american citizens' personal and proprietary guidance—doubtlessly allowing China to music the places of Federal personnel and contractors, construct dossiers of non-public suggestions for blackmail, and behavior corporate espionage.

    TikTok also reportedly censors content that the chinese Communist birthday party deems politically delicate, corresponding to content concerning protests in Hong Kong and China's medicine of Uyghurs and different Muslim minorities. This mobile application might also also be used for disinformation campaigns that advantage the chinese language Communist celebration, equivalent to when TikTok movies spread debunked conspiracy theories about the origins of the 2019 Novel Coronavirus.

    TikTok, for its part, has vigorously and many times denied that it passes US user statistics via China or offers the chinese language government entry to US clients' very own assistance.

    The ban on TikTok became in the beginning scheduled to go into effect on September 20.

    Is that felony?

    The White condo definitely thinks so. TikTok disagrees. The company filed a lawsuit in opposition t the federal govt on August 24, arguing that the administration's efforts to ban TikTok or force a sale are part of "an anti-China political crusade" and are "no longer rooted in bona fide countrywide security considerations."

    So TikTok is banned?

    now not yet. The branch of Commerce late Saturday issued a one-week extension bumping TikTok's theoretical ban from September 20 to Sunday, September 27. which you can nonetheless down load, update, and use TikTok despite the fact you need internal the USA today.

    they will likely situation an additional extension earlier than next Sunday's new closing date, until something else unpredictable occurs.

    Why is TikTok not banned now?

    earlier than issuing the government order, Trump in early August issued a private ultimatum to TikTok requiring it to find a US purchaser or else face a ban. A 2nd executive order (PDF), issued August 14, decided retroactively that ByteDance should under no circumstances were able to purchase Musical.ly in the first region and demanded TikTok be spun lower back off to a US proprietor.

    Microsoft had given that early August been in talks to purchase half or all of TikTok's operations. Oracle and Walmart each entered the race later that month. Late on September 13, The Wall highway Journal become first to announce that Oracle, headed by way of Trump supporter Larry Ellison, gained out within the end.

    Did Oracle buy TikTok?

    Oracle did not purchase and isn't purchasing TikTok—however it is investing in the business.

    The transaction, as they at the moment remember it, has ByteDance spinning off TikTok operations in the u.s. and most other international locations to a brand new company, TikTok global.

    Oracle will grasp a 12.5 % stake in TikTok international at its inception and may also serve as the cloud internet hosting provider for the brand new entity. Walmart will hang one more 7.5-% stake. The last eighty % should be held by way of ByteDance. the new company additionally plans to launch an initial public providing of inventory earlier than the conclusion of 2021. That lots they be aware of for certain.

    What different situations are there on the deal?

    Oracle and Walmart promised the TikTok global investment would deliver 25,000 jobs to the USA, which Trump now seems to be asserting will be based in Texas. The president additionally first said in August he wanted the Treasury to get a large cut of the deal.

    "We set a date, I set a date, of round September fifteenth, at which element it be going to be out of business within the u.s.. but when somebody, even if it's Microsoft or somebody else, buys it, that'll be exciting," Trump advised newshounds on the time, adding:

    greater than anything else, I said a extremely titanic component of that cost is going to ought to come into the Treasury of the us. because we're making it possible for this deal to happen. at this time, they don't have any rights, except they deliver it to them. So if we'll deliver them the rights, then it has to come back into, it has to come back into this nation...

    So it should close down on September fifteenth, unless Microsoft or someone else is able to purchase it, and figure out a deal, an acceptable deal, so the Treasury of the— actually the Treasury, I think you may say, of the U.S., gets some huge cash. some huge cash.

    Can he demand that?

    no one ever has before, and there is no everyday criminal mechanism for it, however the absence of precedents or mechanisms has no longer up to now been a guardrail on the movements of the latest administration. the USA govt can impose definite divestiture and behavioral situations on mergers and acquisitions to assure antitrust compliance, and naturally it might charge taxes on transactions when required. however commissions or kickbacks aren't customarily part of the procedure.

    Trump on Saturday observed the companies can be meeting his phrases through "developing a really huge fund" for academic initiatives in Texas. "it is their contribution that i have been requesting," he brought.

    Walmart and Oracle pointed out in their joint statement that TikTok international would contribute more than $5 billion in taxes to the Treasury. The companies additionally validated part of Trump's "educational fund" feedback but did not put a worth on that certain contribution, instead saying: "TikTok international, along side Oracle, SIG, standard Atlantic, Sequoia, Walmart, and Coatue will create an tutorial initiative to advance and carry an AI-pushed online video curriculum to train babies from internal cities to the suburbs, plenty of classes from basic studying and math to science, historical past, and laptop engineering."

    So will TikTok be owned by China or the us?

    no matter if this proposed transaction places the business in US palms seems to be wildly up for debate.

    About forty % of ByteDance itself is held by US investors. Supporters of the deal declare that ownership would for this reason translate to about fifty three p.c of TikTok international being held by using US investors, thus giving the USA majority manage.

    Oracle executive Ken Glueck pointed out nowadays, "Upon introduction of TikTok world, Oracle/Walmart will make their funding and the TikTok international shares might be disbursed to their house owners, americans can be the majority, and ByteDance will don't have any possession in TikTok international."

    ByteDance, however, does not see it that means. In an announcement today, translated and mentioned through CNBC and The Wall highway Journal, the business made clear that not best is Oracle no longer getting its core belongings, however Oracle is additionally no longer gaining handle of the enterprise.

    as an alternative, ByteDance stated, TikTok global could be created as a unconditionally owned subsidiary. That subsidiary will then do a circular of funding (with Walmart and Oracle naturally featuring those dollars) in order to in the reduction of ByteDance's stake to 80 percent. "The existing plan does not contain the transfer of any algorithms and applied sciences. Oracle has the authority to determine the source code of TikTok usa" for protection causes, ByteDance delivered.

    "Eighty p.c ownership" and "no ownership" are pretty some distance aside, as these things go, and it's uncertain at optimal how that difference might be reconciled in the end.

    So Trump authorised the deal, correct?

    sure... except he possibly does not anymore.

    Trump on Saturday evening gave the deal his "blessing," telling journalists he "approved the deal in concept."

    a short while after the president's remarks, TikTok issued a press release confirming the transaction's approval. across the identical time, Oracle and Walmart additionally issued a joint commentary confirming the president's "tentative approval" of the transaction.

    Trump touted the deal in an interview with Fox & pals on Monday but hedged on a full-throated approval.

    "it be going to carry 25,000 jobs, and or not it's going to be observed in Texas, and they appear ahead to doing it," Trump said. "in order that they're relocating it into their nation. i admire it. however they are going to see the way it comes out. There can also be zero safety chance."

    "it's going to be absolutely controlled through Oracle," Trump brought. "If they find that they will not have total manage, then we're now not going to approve the deal."

    Is China approving the deal?

    it truly is one other colossal shrug. The answer, so far as anybody can inform, is: probably. China's export ban prevents the sale of TikTok's proprietary assets to the us but looks to permit an funding such because the Oracle notion.

    chinese language state-affiliated paper the world times this morning described the deal as "unfair" however "cost-effective," CNBC stories, discovering that the plan could be greater than a ban or a full sale to US pastimes.

    despite the fact, a few hours later, international instances Editor-in-Chief Hu Xijin spoke of on Twitter that, in response to his competencies, "Beijing may not approve the present agreement between ByteDance, TikTok's mother or father company, and Oracle, Walmart, since the agreement would endanger China's national protection, pursuits, and dignity."

    The Wall road Journal experiences that certified on China are combined, discovering both that the deal is "daylight theft" but additionally describing it as a win for each China and ByteDance.

    Does any person else need to log out?

    sure. right here in the states, the Committee on international investment in the united states (CFIUS) also has to approve the deliberate deal.

    CFIUS reviews transactions by which a international entity acquires a stake in a US company for any knowledge countrywide safety concerns that may also arise. Trump's 2d TikTok govt order, the August 14 one, requires CFIUS to supervise ByteDance's divestment of its US operations. The order places a 90-day closing date on that divestment, which works out to November 12.

    several Republican senators, together with John Cornyn (R-Texas), Josh Hawley (R-Mo.), Marco Rubio (R-Fla.), Rick Scott (R-Fla.), Thom Tillis (R-N.C.), and Roger Wicker (R-miss.), have all publicly objected to the proposed deal. The Senators all urge CFIUS to reject the idea, arguing that it's inadequate to stay away from the countrywide protection chance for which a ban or sale became being required in the first place.

    US Treasury Secretary Steven Mnuchin continues to be assured that CFIUS will greenlight the inspiration, Bloomberg said nowadays, but officials are additionally reportedly making ready for Trump to exchange his mind and reject the deal.

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