Purchasing is the process of acquiring goods or services in order to accomplish the goals of an organization. Oracle Purchasing automates the purchasing process in order to increase buyers productivity and improve supply base management.
- Management of different purchasing documents.
- Maintain the quality of purchased goods
- Supplier relationship management
- Maintain security of supply
- Strengthen the competitive position of an Organization.
With oracle purchasing you should be able to:
- Review the purchase history with the suppliers in order to negotiate and get better future prices and discounts.
- Create simple purchase orders documents by entering a supplier, items and quantity and price for each item you are ordering or providing an amount if you are ordering a service that cannot be broken down by price and quantity.
- Create standard purchase orders documents and blanket purchase releases from on-line or paper-based requisitions
- Create detailed accounting information by providing the appropriate accounts, departments and cost centers
- Check funds availability while creating purchase orders.
- Check the purchase order status and review its history and all the required information.
- Printing purchasing documents.
- Inform suppliers of shipment schedule.
- Record and track supplier acceptances of your purchase orders and purchase order terms and conditions.
Purchasing to Pay Process
- The employees raise Requisitions, requesting for required goods or material
- Concerned authorities Request for Quotations from suppliers
- Suppliers come with Quotations
- Analyzing the quotations from suppliers and select best quotation
- Create Purchase Orders, mentioning all the details related to the goods or material and send to the supplier
- Receiving the goods from suppliers
- Storage of goods
- Payment of supplier invoice
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