Oracle R12

Purchase Cycle:

• In Oracle E-Business Suite(also known as Applications/EBS) the latest version is 12.
• This Oracle R12 has following steps in purchase cycle:
• Purchase Requisition
• Purchase Order
• Receipts
• Invoice
• Payment

Purchase Requisition:

• We create the purchase requisition to buy the goods from the supplier.
• After creating the purchase requisition we sent this for approvals.
• Click  approve to send the approval notification to the concerned person. The document can be approved or rejected.

• We can always check the status of our requisition by navigating to 'requisition summary'.We can get the requisition details by entering the requisition number.

Purchase Order:

• After creating the requisition and when we got approved status on the requisition, we generate the purchase order with respect to the supplier.
• In this we have option to choose the type of purchase order like standard, blanket, contract.
• The status represents the status of the document. Incomplete is the default status for all purchase orders until they are submitted the first time for approval.

 Receipt:

• When the purchase order is accepted by the supplier, then the supplier send the goods to the customer.
• After receiving the goods to the our  destination then we generate the receipt with received inventory details.

Invoice:

• The supplier send the invoice to the customer after sending the goods to the customer.
• If the customer wants to return the goods to the supplier then the customer made the returns with specifying the reason for returning the goods.

Returns:

• If the customer wants to return the goods to the supplier with variety of reasons then here we generate the return receipts in this oracle apps.
• This returns can be made based on the received inventory(receipts) and order number.

Payment:

• Either after returned the goods or else without returning the goods that means after receiving invoice from the supplier the customer made the payments.
• If the customer returns the goods to the supplier after payments then the refund money is transferred to the customer by the supplier after receiving the returned goods.

Pros:

• When we creating the purchase order, it has one option that is choosing type of purchase order. 

Cons:

• It has multiple divided forms which means multiple tabs in one form.This rise confusion.
• This system doesn't following a proper hierarchy.