Oracle®
Purchasing enables workflow-driven direct and indirect procurement
that processes requisitions, purchase orders, RFQs, quotations,
and receipts quickly and efficiently. Oracle Purchasing
increases strategic focus by automating and simplifying
routine transactions; streamlines business flows with workflow-enabled
internet best practices; optimizes productivity with complete
procure-to-pay automation; achieves comprehensive enterprise-wide
integration with any ERP system; and supports global operations
with multi-currency and multi-lingual capabilities. Oracle
Purchasing is part of the Oracle E-Business Suite, an integrated
set of applications that are engineered to work together.
Simplify
and Automate Procurement Processes
Oracle Purchasing enables workflow-driven direct and indirect
procurement with easily defined and implemented business
policies that streamline the entire procure-to-pay process.
Low-value transactions are eliminated, and purchasing processes
are focused on strategic activities. Workflows can easily
be modified to adapt to business changes and support continuous
improvement.
Streamline Business Flows and Gain
Greater Productivity
Oracle Purchasing’s business flows reduce the learning
curve, improve the ability to research and resolve problems,
and increase day-to-day productivity. Oracle Purchasing
offers several preconfigured business flows to automate
the procurement process, with Oracle Workflow as an
underlying engine, it allows businesses to adapt these pre-configured
flows to their own unique requirements or create new business
flows using the existing ones as templates. Oracle Purchasing
also allows businesses to map their procurement processes
easily, track status graphically, and take appropriate and
timely actions to handle exceptions.
Once
a long-term supplier relationship is established, the procure-to-pay
process can be completely automated to process routine transactions
automatically, enhancing productivity and reducing processing
costs. Requisitions can be created quickly and easily using
requisition templates and comprehensive defaults. Automatic
process include blanket release generation, and standard
purchase order creation to produce blanket releases and
purchase orders from requisitions from on-line requesters,
inventory replenishments, work in process jobs, or Oracle’s
planning products.
Oracle
Purchasing’s on-line approval and security options
enforce configurable business requirements. For example,
buyers can ensure that only authorized personnel can approve
requisitions. They can also route a requisition needing
approval to the next defined reviewer or directly to the
next reviewer with sufficient authority to approve the requisition.
With the Workflow Notification Viewer, Oracle Purchasing
proactively notifies users of their action items, allowing
them to directly review, modify, or approve documents on
their to-do list. Once necessary approvals are secured,
a release or purchase order is generated and printed, faxed
or sent electronically to the selected supplier.
Once
goods are shipped from the supplier, Oracle Purchasing’s
powerful receiving features give buyers full dock-to-stock
tracking of receipts and inspections. Buyers can receive
supplier shipments and inventory transfers either to receiving/inspection
or directly to your office and stock locations. Additionally,
the Cascading Receipts feature facilitates quick, error-free
receiving of consolidated deliveries. Further, online inquiries
and reports give their receivers the information they need
to process receipts and expedite late shipments.
