The Oracle iProcurement functionality provides the essentials for the ordering portion of the procurement process. This includes catalog content management, requisitioning, purchase order creation, and receiving orders.
Oracle iProcurement is part of Oracle Applications, an integrated suite of E-Business solutions designed to transform your business into an E-Business. Along with the rest of the Oracle E-Business suite, iProcurement helps an enterprise streamline the procurement process with end-to-end business automation. It is the starting point for the ordering process and provides powerful self-service requisitioning capability with an intuitive, web shopping interface. It constitutes a key component of the complete procure-to-pay business flow and helps an enterprise to process and manage requisitions and receipt of the requested goods/services in an efficient and automated manner.
Indirect & Direct
Indirect sourcing is:
The purchase or procurement of any goods or services that are not directly related to/included in the manufacture of any of our primary products
Examples include (but are not limited to): Office supplies, Advertising, Training & Tools etc.
Direct sourcing is:
The purchase or procurement of any goods or services that are directly related to/included in the manufacture of any of our primary products
Examples include (but are not limited to): Standard Inventory Item (Laptop), Manufacturing Item (Car)
iProcurement should be used for the purchase of ALL goods and servicesThe purchase or procurement of any goods or services that are directly related to/included in the manufacture of any of our primary products
Examples include (but are not limited to): Standard Inventory Item (Laptop), Manufacturing Item (Car)
Why are we switching to iProcurement?
Simplicity : There are several different ways to acquire indirect materials right now, each with its own rules
Cost Savings: Transactional costs are reduced by lowering the number of touches a requisition experiences eBusiness Direction All Businesses have implemented/are implementing Oracle Purchasing systems
- Ability to buy administrative items
- Ability to buy production items
- Self-guiding catalog
- Desktop receiving
- Single global instance
- Punchout to other exchanges
- Integration with enterprise resource planning (ERP) system
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