Overview of Oracle Apps Purchasing
Oracle purchasing is a comprehensive procurement solution designed to:
o Help purchasing professionals reduce administration costs.
o Process requisitions, purchase orders, requests for quotation, and receipts quickly and efficiently.
o Enable you to focus on:
· Value Analysis
· Development of strategic supplier relationships
· Management of the procurement process
Oracle Purchasing satisfies the following business needs:
o Replaces paper processing with online requisition generation, purchase-order creation, and document approval.
o Regulates document access, controls modification activity and approval, and is based on organizational signature and security policies.
o Minimizes data entry time with item-saving templates.
o Controls purchasing activity and enables accurate, automatic pricing using approved suppliers and supplier lists.
o Consolidates purchase requirements from multiple warehouses, plants or locations.
o Enables negotiations from a position of strength based on easy access to purchase volume statistics and supplier performance reports.
o Facilitates communication between requesters, buyers, receiving staff, and accounts payable staff using online enquiries, attachments and notes.
o Provides related functions, such as marketing, finance, master scheduling, inventory management, production, cost accounting, and customer order entry with access to purchasing information.
o Manages historical purchasing data.
Benefits
o Automate the Entire Procure-to-Pay Cycle: Define suppliers and agreements; then automate your entire purchasing cycle from purchase order to settlement.
o Improve Supply Base Management: Take central control of all supplier and item master information with an application that tightly integrate suppliers into your organization by leveraging advancedsupply management capabilities.
o Adapt to Any Purchasing Practice: Adapt the application to your organization’s purchasing practices with uniquely configurable policies and an open architecture that integrates legacy and supplier systems.
