Oracle Purchasing Product Overview

Posted on July 21st, 2007 by Sanjit Anand | Print This Post | Email This Post

What is Oracle Purchasing?

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:
  o Value Analysis
  o Development of strategic supplier relationships
  o 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.

What is in Oracle Procurement solution suite?

From the oracle there are 4 different products , that helps in fulfilling complete business requirement as discussed above, these are mainly:

1. Internet Procurement (formerly Self-Service Purchasing) :A web-shopping solution for all employees that automates finding and requisitioning goods and services using self-guiding on-line catalogs coupled with efficient content management. Industry standard XML interfaces allow integration to customers’ existing Oracle, non-Oracle or legacy financial systems.

2. Purchasing Intelligence :a web-enabled analysis tool which provides access to enterprise-wide procurement information, along with the ability to perform ongoing analysis of sourcing decisions, contract compliance, and supplier performance .

3. Internet Supplier Portal, a self-service solution giving trading partners internet access to purchasing, receiving and payment information, as well as providing suppliers the capability to easily process their own transactions·extending process efficiencies across the entire supply chain.

4. Purchasing, which streamlines order planning and management for purchasing professionals.

Apart from these four basic products , these are also used as advance version of purchasing solutions:

• Oracle Sourcing is the enterprise application that drives more and better sourcing through online collaboration and negotiation.
• Oracle Procurement Contracts is used for createing and enforces better purchasing contracts.
• Oracle Daily Business Intelligence for Procurement is used for the spend-analysis application that allows buyers to spot savings opportunities immediately.
• Quality

More information can be found at :

• http://www.oracle.com/applications/procurement/Purchasing-data-sheet.pdf
• Oracle Datasheet