Purchase (Procure to Pay)

Procure to Pay


In Oracle ERP EBS, the creation of the purchasing document marks the beginning of the required steps within the ordering process. Oracle Purchasing allows you to create several different types of purchasing documents: standard and planned purchase orders, blanket and contract purchase agreements, along with blanket and scheduled releases.  These six documents allow maximum flexibility to meet procurement team needs, while maintaining corporate policies and standards.

There are 4 types of Purchase Orders

Standard PO: 

A Standard PO is created for one–time purchase   of various items.

Planned PO: 

A Planned PO is a long–term agreement committing to buy items or services from a single source. You must specify tentative delivery schedules and all details for goods or services that you want to buy, including charge account, quantities, and estimated cost.

Blanket agreement: 

A Blanket PO is created when you know the detail of the goods or services you plan to buy from a specific supplier in a period, but you do not know the detail of your delivery schedules.

Contract agreement: 

Contract purchase agreements are created with your suppliers to agree on specific terms and conditions without indicating the goods and services that you will be purchasing.

Receipt Types are:

Direct Receipt

One step - “dock to stock”

Standard Receipt

Two steps:

Goods are received.

Goods are delivered in.

Inspection Required

 Three steps

Goods are received and then sent to Inspection.

Goods are accepted or rejected.

            Third step either returns or delivered.


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http://www.4shared.com/file/rXmiQcSH/Purchase-Oracle-ERP-EBS.html


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