Oracle iProcurement Implementation at a leading manufacturer of fastening products
What is Oracle iProcurement?
iProcurement, as defined by Oracle, is the self-service requisitioning application that controls your spending. It provides a Web-based shopping system that allows employees to create, manage, and track their own orders while the Purchasing department retains central control. This not only helps in ensuring, that policies and preferred pricing agreements are reflected in every transaction, but also, eases ordering and provides a seamless workflow for better service, while non-sourced or off-catalog spending gets the attention it needs from buying professionals.
- Manual process involved for procurement of Ad hoc & non-cataloged items.
- No traceability of Purchase order approval.
- No control on charge account assignment.
- No streamlined procurement process for certain kinds of contracts & services.
- Approval hierarchy modification for specific scenarios.
To overcome the problems, we implemented Smart Forms and Streamlined Order Placements in different segments
Introduction of Smart Forms to get Control of Non-Catalog Requests.
Often a user needs goods or services that aren’t available in the catalog. With Oracle iProcurement’s Smart Forms, purchasing can easily gather and organize these non-catalog purchases. Smart Forms are fully-configurable templates that default key information, such as preferred suppliers, category, and price on the request and gather other information needed to validate and execute the order. We have created smart forms for such non-cataloged requests to help user in procurement
Streamlining of Order Placement for the following modules