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Overview of Oracle Purchasing | Oracle Purchasing | Oracle Apps R12

By Jag - October 21, 2014
Oracle Purchasing is a comprehensive procurement solution designed to:
  •   Help purchasing professionals reduce administration costs
  •   Process requisitions, purchase orders, requests for quotation, and receipts   quickly and efficiently. 
  •   Enable you to focus on:
  1. Value Analysis
  2. Development of strategic supplier relationships
  3.  Management of the procurement process

Oracle Purchasing satisfies the following business needs: 


  • Replaces paper processing with online requisition generation, purchase-order creation, and document approval. 
  • Regulates document access, controls modification activity and approval, and is based on organizational signature and security policies.
  • Minimizes data entry time with item-saving templates.
  • Controls purchasing activity and enables accurate, automatic pricing using approved suppliers and supplier lists. 
  • Consolidates purchase requirements from multiple warehouses, plants or locations. 
  • Enables negotiating from a position of strength based on easy access to purchase volume statistics and supplier performance reports.
  •  Facilitates communication between requesters, buyers, receiving staff, and accounts payable staff using online enquiries, attachments and notes.
  •  Provides related functions, such as marketing, finance, master scheduling, inventory management, production, cost accounting, and customer order entry with access to purchasing information.
  • Manages historical purchasing data.

Benefits:

  • Automate the Entire Procure-to-Pay Cycle: Define suppliers and agreements; then automate your entire purchasing cycle from purchase order to settlement.
  • 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 advanced supply management capabilities
  • 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
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