Purchasing

Defining Setups for P2P cycle

Some Basic Setups are required to define Procure to Pay cycle in Oracle Apps which includes defining Financial Options, position hierarchies…more

Defining Approval Hierarchies and Approval Groups

It is used to determine approval limits for specific objects like document total, accounts range, item range, item category range & location…more

Using Approval Hierarchies

Approval Hierarchies can be used for activities like approving requisitions…more

Role of Buyer in Approval Hierarchy

A Buyer can modify, reassign & even return a requisition assigned to Him…more

PO Supplier setups

Suppliers are the source of material, resources etc. for our organization…more

Request for Quotations

RFQs are sent to the suppliers so that they can send the quotations for the items required. RFQ can be created either Manually or Automatically & it of 3 types…more

Contract Purchase Order

In Contract Purchase Order, neither of Item, Quantity, Price, Payment Terms, Delivery schedules are known…more

Planned Purchase Order

For Planned PO first we’ll create a PO with type as Planned Purchase Order, then we’ll create a releases against it…more

Blanket Purchase Order

It can be created either manually or through quotations. It will not have any shipments. We have to create shipments by creating a release. It has price breaks. Most of the time we copy the price breaks of blanket Purchase Agreements from Quotations…more

Approved Supplier List

All procurement organizations maintain lists that associate the items and services they buy with the companies who supply them, either formally or informally. Data stored in a controlled, global repository containing relevant details about each ship-from/ship-to/item relationship, is known as an Approved Supplier List (ASL)…more

Sourcing Rules

Sourcing rule is used to determine as how much percentage of the order can be shared among the suppliers or we can also specify the rank among the list of approved suppliers...more

Automatic Document Creation

ADC is created for the documents like Blanket Purchasing Agreement, Approved Quotes, Contract Purchase Agreements…more

Receipt Routing

Receipt Routing comes into picture whenever we receive the goods from suppliers. It is of 3 types…more

Correction and Return Method

The process of inspecting the goods & making changes in the count is known as corrections…more

Different Types of Receiving Options

We can use different methods for receiving goods in our subinventories…more

Consigned Inventory

In Consigned Inventory, the suppliers are going to keep the stocks in our battery limits (boundary) but we don’t make the payments for the goods received because the owner of the stock is supplier. But whenever we have a requirement, we’ll move the goods from their battery limits to our area by creating a consigned transaction. An Invoice should automatically generate for the quantity which has moved from supplier battery limit to our limits…more

Vendor Managed Inventory

In VMI, the supplier will take care of filling the stocks in our inventory. Here we are going to give access to i-supplier portal responsibility to the authorized supplier by creating a login id. When the supplier connects to the i-supplier portal, He will be able to view all the agreements, invoices, payments etc. When the supplier wants to fill the stock, they can view the stock level in i-supplier portal & if they observe that the stock levels are going to fall below minimum quantity they can create the releases online & deliver the goods to Inventory…more