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 advanced supply 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.
