Wednesday, October 1, 2008

Oracle E-Business Suite Advanced Procurement

I guess so much has been said about Oracle E-Business Suite Product Lifecycle Management (PLM) in my last blog.

As name clearly indicates, Oracle E-Business application is a suite of applications and a company can choose to implement all modules in one go or implement a single module at a time. Whatever the choice of company is, it depends on how it needs and how much it can afford.

Anyway, one of the modules in the Oracle E-Business Suite is the Advanced Procurement Module.

Procurement is the act of acquiring goods or services at best possible total cost of ownership. Also considered in procurement is having the right quality and quality of the good or service, doing procurement at the right place and time for the benefit of the organization.

The Oracle E-Business Suite Advanced Procurement also comes as several modules.

The iProcurement module helps control spending of employee through a self service requisitioning function. This module is web enabled with shopping system which can allow end users like employees create, manage and monitor orders while a central control is managed by the purchasing department. With iProcurement, it can be easy for the business organization to implement policies in pricing agreements because all transactions can be reflected.

The iSupplier Portal module is an enterprise wide application responsible for structuring all supplier communication via a secure internet based portal. Dynamic companies sometimes find correspondence through phones and emails a waste of time and proned to errors. The iSupplier Portal provides update information related to the business such as purchase orders, delivery information, and payment status. Through the iSupplier Portal the company and the suppliers can exchange communication related to requests, ship notices, payments, and profile data.

The Procurement Contracts module helps create and enforce better purchasing contracts in an error free fashion. This module lets a company take control of contract life cycle starting with authoring to closeout.

The Purchasing module streamlines processes related to purchase orders and at the same time strengthens compliance of company policies. It efficiently automates purchasing making it easy for buyers to transact and improve management of supply base. This module has a rich store of policy of supplier information.

The Supplier Network module connects customers and suppliers using intenet based models. It features message setup, transformation and routing services so that online administration can be a breeze.


The Services Procurement module helps an company gain complete control of services spending by helping manage services procurement with an online step by step process.

The Sourcing modules facilitates online collaboration and negotiation with other organizations to make information exchange regarding sourcing requirements and contracts a lot easy.


The Daily Business Intelligence for Procurement is a rich web bases reporting and analysis tool that can help spot opportunities for company savings and track performance of suppliers. Because it is web based, decision makers can easily access information from anywhere. It also has security features to ward of potential cheats.

So there it goes. Tomorrow is another day and another innovative software solutions from the E-Business Suite.

1 comment:

Blogger said...

Wonderful blog & good post.Its really helpful for me, awaiting for more new post. Keep Blogging!
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