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P2P [message #231830] Wed, 18 April 2007 09:35 Go to next message
devikareddy
Messages: 18
Registered: October 2006
Location: hyd
Junior Member



My dear Friends,

May i know the whole process of How u can Purchase order to Standard Invoice..

one more doubt.. for a functional consultant. what are the roles and responsibilities when he is working on P2P process?


plz guide me..

Rgds
Devika Reddy
Re: P2P [message #231905 is a reply to message #231830] Wed, 18 April 2007 16:17 Go to previous messageGo to next message
Arjunn
Messages: 64
Registered: December 2006
Location: Hyderabad/Gurgaon
Member
P2P:
Demand:
Procurement process generates and manages requests for the purchase of goods.
Demand for purchase items may be a one-time event or may recur in either predictible or random time intervals
Source:
Sourcing process covers the business activities related to the search, qualification, and selection of suitable supplier for requested goods and services
Order:
The Procurement ordering process includes PO placement by the buying organization and PO execution by the supplying organization
Receive:
The Receipt process acknowledges that a PO has been duly executed
For physical goods: includes receipt, inspection, and delivery of goods to inventory or to other designated location.
For Services: Consists of Notification from the requester or the approving person that the service has been performed as agreed
Pay:
The payment process consists of those activities involved in the payment for ordered goods and services.

Cheers,
arjun...
Re: P2P [message #232255 is a reply to message #231830] Thu, 19 April 2007 23:15 Go to previous messageGo to next message
Arjunn
Messages: 64
Registered: December 2006
Location: Hyderabad/Gurgaon
Member
p2p cycle goes like this
1. it starts with identifing the need or demand of the inventory . formaly known as intent or requisation any one in the org who is employee of the org can raise requisation
2.requisation has to b approved by the proper authority
3.po dept will send request for requisation to the available suppliers
4.they respond with quatations , quatation will b analysed and po dept will make purchase order
5.as per the terms of the po supplier will send goods and the invoice
6 inv people will receive the goods
7.payable people will validate the invoice as per the po they make the payments
8. reconcile the bank statements is the end of particular p2p cycle.
Re: P2P [message #236304 is a reply to message #231905] Wed, 09 May 2007 09:19 Go to previous message
srikanthreddy1
Messages: 21
Registered: April 2007
Location: Hyderabad
Junior Member

Arjunn wrote on Wed, 18 April 2007 17:17
P2P:
Demand:
Procurement process generates and manages requests for the purchase of goods.
Demand for purchase items may be a one-time event or may recur in either predictible or random time intervals
Source:
Sourcing process covers the business activities related to the search, qualification, and selection of suitable supplier for requested goods and services
Order:
The Procurement ordering process includes PO placement by the buying organization and PO execution by the supplying organization
Receive:
The Receipt process acknowledges that a PO has been duly executed
For physical goods: includes receipt, inspection, and delivery of goods to inventory or to other designated location.
For Services: Consists of Notification from the requester or the approving person that the service has been performed as agreed
Pay:
The payment process consists of those activities involved in the payment for ordered goods and services.

Cheers,
arjun...

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