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Oracle 1Z1-1023 exam consists of 70 multiple-choice questions that must be completed within 105 minutes. The questions are designed to test a candidate's knowledge of inventory management concepts, cloud technology, and Oracle Inventory Cloud features. 1Z1-1023 exam is scored on a scale of 0-1000, with a passing score of 700 or higher.

Reference: https://education.oracle.com/oracle-inventory-management-and-enterprise-structures-cloud-2018-implementation-essentials/pexam_1Z0-1023

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To prepare for this certification exam, candidates should study comprehensively and use various resources such as online courses, books, and practice exams. They should also gain hands-on experience working on Oracle Inventory Cloud solutions to be able to apply the acquired knowledge to practical situations. Additionally, it is advisable to seek guidance from professionals who have already passed the exam, to give tips and insights for better performance.