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A purchase requisition typically contains the description and quantity of the goods or
services to be purchased, a required delivery date, account number and the amount of
money that the purchasing department is authorized to spend for the goods or services.
Often, the names of suggested supply sources are also included.
1.Internal requisition
2.Purchase requisition
Internal Requisitions are created if the Items are to be obtained from one Inventory
location to another location within the same organization. Here the source of the
requisition would be INVENTORY. There is no approval process for the internal
requisition.
Purchase Requisitions are created if the goods are obtained from external suppliers.
Here the source of the requisition would be SUPPLIERS. The purchase requisitions are
sent for approvals.
TYPE_LOOKUP_CODE:Requisition type
PO_REQUISITION_LINES_ALL:
This table stores information about Requisition lines in a Purchase Requisition. This
table stores information related to the line number, item number, item category, item
description, item quantities, units, prices, need-by date, deliver-to location, requestor,
notes, and suggested supplier information for the requisition line.
This table stores information about the accounting distributions of a requisition line.
Each requisition line must have at least one accounting distribution. Each row includes
the Accounting Flexfield ID and Requisition line quantity.
DISTRIBUTION_NUM:Distribution number
Ans:
Market Placement
Company Identity
Settling management issues
Enhancing company capabilities
Online: Receipts are processed online. If there are any errors, they are shown on the
FORM itself, and don’t let you IGNORE and PROCEED.
Immediate: Receipts are processed immediately, but no errors are shown. Errors are
recorded in REC_TRANSACTION_INTERFACE table.
Batch: Receipts are processed in batch, but no errors are shown. Errors are recorded
in REC_TRANSACTION_INTERFACE table.
Note: In all the above two cases, it requires Receiving Transaction Processor to be run
periodically.
Ans: Create internal order request will transfer the IR info to OM interface tables.
Ans: One of their prime responsibilities is to buy and make sure of the availability of
goods. They need to make sure they are buying the same at best available prices so
that profits for the organization can simply be enhanced. Those with a good background
in academics and finance can enable organizations to get results better than expected.
Ans: Approval hierarchies let you automatically route documents for approval.
position hierarchy
employee/supervisor relationships.
Ans:
Procure to pay (p2p) is a process of requesting, purchasing, receiving, paying for and
accounting for goods and services. Procure to Pay Lifecycle is one of the important
business Process in Oracle Applications. It’s the flow that gets the goods required to do
business. It involves the transactional flow of data that is sent to a supplier as well as
the data that surrounds the fulfillment of the actual order and payment for the product or
service.
Ans: Before you pay or create accounting entries for any invoice, the invoice validation
process must validate the invoice.
Invoice Validation checks the matching, tax, period status, exchange rate, and
distribution information for invoices you enter and automatically applies holds to
exception invoices. if an invoice has a hold, you can release the hold by correcting the
exception that caused Invoice Validation to apply the hold by updating the invoice or to
the purchase order, or changing the invoice tolerances.
Ans: By running this program, we can automatically create an invoice for a PO when we
enter a receipt for the respective PO.
Ans: Recognizing the need for a product→Specifying the need→ Exploring source
options→Looking for price and terms→Making purchasing order→Product
Delivery→Purchase Inspection→Invoice Approval & payment to vendor→Maintenance
of record
15.What are the important tasks that matter a lot when it comes to handling a
procurement process?
Ans: There are actually certain things which are really very important. It is not possible
for the organizations to make sure that everything goes best in the process if they don’t
pay attention to this. The very first thing is to pay attention to the selection of vendors
who have a good reputation in the market. Once they are selected, next is to establish
the payment terms which make sure no future conflicts. Procurement is actually an
umbrella term in which purchasing can be considered integrated.
Ans: The Oracle Exchange is an electronic catalog of goods and services offered by a
wide range of suppliers. The Oracle Exchange catalog does not reflect
pre-negotiated prices with the University.
18.What are the reasons that an Express processor may reject lines due to
validation failures?
Ans:
If the item revision, Subinventory and locator is not available & the entered
destination is final. (Revision, Subinventory & Locator are not obtainable as a
default from the item definition.)
If the early / late receipt date tolerance is exceeded & the exception control is set
to Reject.
If Lot / Serial information is required.
If Ship-to- location is not available & the destination is Receiving.
If the location is not available for Expense destination type & the destination is
final destination.
If PO Supplier & Receipt Header Supplier do not match.
If other receipts are pending for the specified shipment.
Ans: The planning process to create Purchase Requisition for Buy items & Internal
Requisitions for Make Items uses a Sourcing Rule.
Ans:If the status is to be seen for a specific document, go to the respective document-
defining window and see the current status at the Status region.
If the status of any document is to be found out, go either to the ‘Notification window or
the Action history window (Navigation: Special > View Action History).
21.How will you find out the number of documents assigned to a particular
Buyer?
Ans:
(But in our instance I am getting the profile option named as ‘RCV: Allow Routing
Override’ and the Default value and user value field are grayed out, I am not able to fill
anything at user value also. why?)
Ans:
Ans: Timely payment always makes sure of healthy relations between the vendor and
the buyer. Harming this relation is not good for both as it can largely impact the
production and the overall availability of raw material. Sometimes vendors delay the
delivery because of no other reason than a delay in payments. This can lead to
significant losses for the business.
25.Why is stock verification necessary at the time of delivery for the buyers?
Ans: It simply enables buyers to make sure that no damaged goods have been
supplied to the buyers. In case there is an issue with the goods provided, buyers can
raise a refund or a replacement for the same. Verification at a later date than receiving
the stock can create conflicts between both the parties. If the stock is not as per
requirement, obviously it is a huge loss for the buyer.
In Direct once the goods arrive at the destination, we directly move them to a
specific Sub-Inv
In Standard once the goods are at the destination, we receive it at the receiving
point first and then move them to the Sub-Inv.
In Inspection once the goods are at the destination, we receive it at the receiving
point and then we perform inspection and accordingly we either accept it or reject
them.