Guest Post by
Srushti Gogate, Senior Associate Consultant, Infosys Limited
Now that we have an introduction to Oracle Project Manufacturing (PJM) in the earlier blog and its salient features, we will look at each feature in detail in the forthcoming blogs. In this one, we shall throw some light on project based procurement using Oracle Purchasing and iProcurement.
Procurement on a very basic level can be of 2 types; either purchase of raw material or services provided. To talk in Oracle terminology it can be of destination type 'inventory' or 'expense'. The behavior or method followed in both cases is completely different in Oracle. Whenever we have an expense Purchase Order (referred to as PO further) raised against a project, Oracle Project Costing modules comes into picture. However this modules does not allow processing of inventory POs against project which is a standard functionality provided by Oracle. This is where PJM has a critical role to play.