Oracle Fusion Procurement Training

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Oracle Fusion Procurement Training Overview with
Real Business Example
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Lets take an example of KFC Business. In order
to create different varieties of KFC products,
they have to buy raw material or ingredients like
(Chicken, Sause, bread, Oil). KFC is not going to
prepare all these ingredients instead they will
buy it from different sources. When it comes to
Supply chain management, this is called Supplier.
KFC will look at different suppliers options
to get a good raw material with in the budget,
schedule and supreme quality. This is what called
Sourcing. Based on the KFC business rules, they
will select the suppliers and buy required raw
material from them. After they bought huge
quantity of raw material, they will store
everything in inventory. When KFC required any
raw material for their outlets, they will get it
from the near inventory location. This is what
called transferring the goods from inventory
locations to outlets. In order to get best
quality and cheaper prices, KFC will have an
agreement and contracts with suppliers. Based on
the agreement and contracts (Price, Schedule, and
Quantities), suppliers will deliver required
goods to KFC inventory locations. This is what
called Procurement.
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In Procurement, we will have below mentioned sub
modules. All these modules are inter linked.
Sourcing
Supplier Portal (SP)
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Purchasing Orders (PO)
Procurement Contracts
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SSP (Self Service Procurement)
Supplier Qualification Management (SQM)
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SSP (Self Service Procurement)
Lets say you are working in an organization and
you need a laptop for your office use or it could
be for company use like any goods/material/service
, generally we send email to the manager and
requesting for his approval or in ERP implemented
companies we have to create requisition and that
will go to manager approval after that it goes to
purchasing department to process with our
suppliers. Creating of Requisition/Request is
made from the Self-service procurement
application, every employee in the organization
has access to create Requisition from this module
Couple of examples
Creating a Requisition to provide Employee
Joining Kit, etc.
Creating a Requisition asking for stationary for
office use
In Our Oracle Fusion Procurement Online Training,
we teaches you how to create different types of
Requisition like Non Catalog Requisition, Catalog
Requisition Punchout Requisition where we
navigate to the suppliers website and punching
the product and returning back to our ERP
application
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Purchasing Orders (PO)
In Simple terms the Request made by the employees
from different departments for the goods/services
that has to be processed by Procurement
Department from the available suppliers in the
Market. In SSP, you raised a request for Laptop
and all departments are approved for your
request. Finally, it goes to your Procurement or
Facility Department who can fulfill your
requirement. Your Procurement team will look at
your laptop specifications and look for the
potential seller who can meet your requirement.
Once potential seller identified, he can raise a
Purchase order of your laptop and share it to the
seller. In Purchase order, your Procurement team
will add Quantity, Price, Delivery location
(where do you want to receive laptop?), Delivery
Date, Payment Method (Credit card / Debit Card /
Cash on Delivery / After 3 months from the
received date / UPI) etc. This is an overview of
Purchase order Module.
Sourcing After you raised a request in SSP
module, concern team will search prominent
seller/vendor who can deliver your products with
best price, good quality and within the TAT
(Turnaround Time). Identifying the best seller
who can meet our requirement is called
Sourcing. In this module, the buyer of the
company are gone look for potential supplier by
starting the Bidding process and after receiving
various quotes from the suppliers, they identify
the best supplier who fits with our bidding
process.
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Supplier Portal We provide a user account to
our suppliers to access our ERP application to
acknowledge our purchase orders, purchase
agreements and they are able to create Invoice
from this portal, and this portal helps the
supplier and company to maintain communication
about the procurement documents. In some cases
Suppliers are having their own ERP application,
in this case Suppliers may smoothly refuse to use
our ERP application and their ERP application. It
could double time for them.   Procurement
Contracts - After we identified the best
supplier, our Procurement team will have a
contracts with the supplier. In this contract,
both the parties (Supplier and Procurement Team)
will agree some common points with Terms and
Conditions. This contract will have a start date
and End date. During this period, if our
Procurement team raised any purchase order,
supplier needs to send all the items within the
delivery time. Payment terms like 30 days from
the date of receipt or 45 days from the date of
receipt. In case, if Procurement team ready to
pay after the receipt, supplier is going to give
discount like 3 on the item price. Who needs to
pay carrier charges, which carrier (DTDC or
Postal)? All these details needs to be mentioned
in the Procurement contracts.
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Supplier Qualification Management

• By implementing this module we can onboard
  Suppliers through much more efficient way with
  Qualification and Assessment process.
• We can build our Requirements and suppliers
  should be able to Quality during the Assessment
  process. We can use some other party tools to
  evaluate suppliers business history, how they
  are performing during last 5 years and other
  statistics.
• This is a new module which is introduced in
  Oracle Fusion Procurement Suite and I would
  recommend for the companies to implement this
  module for efficient vendor management.
• In order to identify the best supplier among list
  of potential suppliers, our Procurement team will
  send our requirements through Questioner. Below
  are the sample questions.
• How many years you are delivering these products
  or items?
• To whom you have delivered?
• Are all your customers happy with your service?
• Do you have any certifications like ISO or ISMS?
• How do you verify quality of your products?
• What is the product price?

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After receiving answers from each supplier,
Procurement team will validate and identify the
best supplier and will consider to buy products
from this supplier. Fusion Procurement Training
Course is intended to meet every individual to
understand the procurement business process and
how we able to fit the modern best business
practice into the Oracle Fusion Procurement
Application.
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Oracle Procurement Training Course Overview
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Oracle Fusion is a suite of ERP Applications for
Medium and Large Enterprises. As it is a
Cloud-based Application it is efficient in
managing Purchase orders, customizing, and
managing supplier-related functions. Global
Enterprises can source,  Contract and Procure at
multi-levels with Fusion Cloud Procurement
Application. Nowadays all Oracle Applications
are upgrading to Fusion for high performance and
advanced functions. This is the most advanced and
latest version of Oracle Cloud ERP solutions.
Fusion Cloud Procurement Application comes with
previously designed clause libraries, contract
models, and contract creation with best
guides. Tech Leads IT provides Real-Time and
Oracle Certified instructors for training this
course. Our Training course will emphasize more
practical learning in a real-time environment.
Virtual demonstrations along with Case studies
are provided to master core components and
functions. Online Courses and Classroom Training
is well available at our institute. We have
reputed and real-time clients who use our
Applications in their Enterprise Management. Many
openings for Fusion Procurement Consultants and
analysts are available in MNCs today. Check out
training options available for Oracle Fusion Apps
Cloud Procurement Training.
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Oracle Procurement Cloud Online Training
Course Online Fusion Procurement training gives
you a virtual classroom learning experience. We
use cloud Video Meeting Applications for seamless
learning. Each session has a good scope for
trainees to clear their doubts.  These course
timings are finalized as per your requirement.
Online Training will be time-saving and the best
option to learn at your place. Corporate
Training For Oracle Fusion Procurement Cloud
Application Tech Leads IT has a great reputation
for organizing bulk or Corporate Training
sessions. There are many companies who use our
services to improve their employees skills and
worth. In our training session, we not only
improve skills but also make them work with high
productivity. Oracle Fusion Procurement
Classroom Training To learn Oracle Cloud Fusion
Procurement Application with live demonstrations
and hands-on experience attend classroom
training. Learn along with teammates to improve
your knowledge with discussions and sharing. At
our institute, we have a fully equipped classroom
and lab facility for daily practice.
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Course Details
 Live Instructor Based Training  Real-Time Oracle Certified Trainer
 1 Yr. Membership to Multiple Batches  Live Recorded Videos Access
 Latest Instance Access for 5 Months  Study Material Provided
 Sample Resumes Preparation  Interview Questions with Ans
 Mockup-Interviews   Placement Support
 Oracle Dumps Exam Support  Real Time Project Documents
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Oracle Fusion Procurement Training
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