Oracle Fusion Procurement Online Training

Oracle Fusion Procurement Online Training

Oracle Fusion Procurement Training Overview with Real Business Example

Let’s take an example of KFC Business. In order to create different varieties of KFC products, they have to buy raw material or ingredients like (Chicken, Sause, bread, Oil). KFC is not going to prepare all these ingredients, instead they will buy it from different sources. When it comes to Supply chain management, this is called Supplier. KFC will look at different supplier’s options to get a good raw material within the budget, schedule and supreme quality. This is what is called Sourcing. Based on the KFC business rules, they will select the suppliers and buy required raw material from them. After they buy a huge quantity of raw material, they will store everything in inventory. When KFC requires any raw material for their outlets, they will get it from the nearby inventory location. This is what is called transferring the goods from inventory locations to outlets. In order to get the best quality and cheaper prices, KFC will have an agreement and contracts with suppliers. Based on the agreement and contracts (Price, Schedule, and Quantities), suppliers will deliver required goods to KFC inventory locations. This is what is called Procurement.

In Procurement, we will have below mentioned sub modules. All these modules are interlinked.

1. SSP (Self Service Procurement)

2. Purchasing Orders (PO)

3. Sourcing

4. Supplier Portal (SP)

5. Procurement Contracts

6. Supplier Qualification Management (SQM)

SSP (Self Service Procurement) – Let’s say you are working in an organization and you need a laptop for your office use or it could be for company use like any goods/material/service, generally we send email to the manager and requesting for his approval or in ERP implemented companies we have to create requisition and that will go to manager approval after that it goes to purchasing department to process with our suppliers.

Creating of Requisition/Request is made from the Self-service procurement application, every employee in the organization has access to create Requisition from this module

Couple of examples:

1. Creating a Requisition asking for stationary for office use.

2. Creating a Requisition to provide Employee Joining Kit, etc.

In Our Oracle Fusion Procurement Online Training, we teaches you how to create different types of Requisition like Non Catalog Requisition, Catalog Requisition & Punchout Requisition where we navigate to the suppliers website and punching the product and returning back to our ERP application

Oracle Fusion is a suite of Erp Applications for Medium and Large Enterprises. As it is a Cloud-based Application it is efficient in managing Purchase orders, customizing, and managing supplier-related functions.