R12i Oracle Services Procurement Fundamentals

  • Released: 2019-08-06 05:20:04
  • Level: Beginner
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Table of Contents

Viewed
Level
Introduction
Overview of Oracle Advanced Procurement solution
Overview of Services Procurement
Creating Complex Services PO
Advance Payments
Work Confirmation for Milestone Payments
Work Confirmation for Milestone 2 - Daily or Hourly Rate based Payments
Work Confirmation for Milestone3 and Milestone4 - Lumpsum Payments
Recoupment Completion and Release of Retainage
Workflows in Oracle Services Procurement

Description

Oracle Services Procurement is a part of Oracle Advanced Procurement, which enables complete control and oversight of Services spending. It is an integrated solution to automate the acquisition of complex services and work contracts that involve complex payments. These contracts tend to have high dollar values with long lead time and are characterized by progress payments that are governed by advanced payment terms. Some of these payments are released based on completion of work.

Oracle Services Procurement solution is commonly used for Engineering Services, Construction Services and Professional Services.

With Oracle E Business Suite procurement solutions, buyers, requestors, and suppliers gain secure access to a single, centralized contract so they can view and use the most up-to-date pricing, terms, and conditions

Learning Objectives
The course audience will learn:

  • Overview of Complex Services Contracts and Terminology used in it
  • End to end Procure-to-Pay business process flow for complex services
  • Oracle Services Procurement in Oracle Procure-to-Pay, and associated business process flow
  • Integration of Oracle Services Procurement with Oracle iProcurement, Oracle Approvals Management, Oracle Sourcing, Oracle Purchasing, Oracle Projects, Oracle iSupplier Portal and Oracle Payables.
  • Creating new requisitions for Services
  • Creating new RFx’s in Oracle Sourcing for Complex Services through predefined templates
  • Overview of negotiating complex services with suppliers in Oracle Sourcing
  • Authoring Contract Header, Contract Lines, Progress Payment Schedule
  • Creating Complex Services Purchase Order with services specific special terms & conditions
  • Advance Payments, Recoupment and Retainage in Oracle Services Procurement in integration with Oracle Payables
  • Supplier Work Confirmation, Invoice Submission and tracking payments
  • Payment of Complex Services Invoices in integration with Oracle iSupplier Portal and Oracle Payables
  • Setting up and Implement Oracle Services Procurement

Training Audience

  • Functional Implementer
  • Pre-sales Consultants
  • Technical Consultant
  • End Users

 

Price

Plan Name Price
1 Month: $ 49
3 Months: $ 99
6 Months: $ 149

Teacher

Kabeer Khan

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Kabeer is a seasoned Oracle professional and has been working with Oracle Applications since last 20 years. He is proficient in Oracle E Business Suite, Oracle Fusion Applications Cloud and  Solution Architecture. Originally from India, he has traveled extensively on consulting assignments across South Asia and Australasia. He has worked with some of the well known large corporations, including Oracle Corporation in their Consulting Services division.

He started his career by learning Oracle Applications on 10.6 Character and 10.7 Smart Client versions. Since then he has extensively worked on Oracle E Business Suite releases 11, 11i and up until the latest release 12i.

Since last couple of years Kabeer has been working on Oracle E-Business Suite, Oracle Fusion Applications Cloud, Virtualization using VM, Solution Architecture and Cloud Computing on leading cloud provides such as Oracle, AWS, Google, Microsoft Azure etc.

Kabeer likes to work out in gym a couple of times in a week, and loves to go on hiking to natural bushes, beaches and countryside over the weekend.

View Kabeer's Profile on LinkedIn

 

Courses by this teacher

Name Level Release Date
R12i Oracle Procurement Contracts Fundamentals 2017-12-02 05:06:00
R12i Oracle iSupplier Portal Fundamentals 2014-10-04 05:17:06
R12i Oracle Services Procurement Fundamentals 2019-08-06 05:20:04
R12i Oracle Workflow and Alerts Overview 2019-06-21 13:28:27
R12i Oracle Inventory Fundamentals 2019-10-04 05:35:28
R12i Oracle Order Management Fundamentals 2014-10-04 05:39:58
R12i Oracle E Business Suite Fundamentals - Advanced 2017-12-03 13:27:00
R12.2 Install Patch and Maintain Oracle E Business Suite 2015-08-04 05:56:12
R12i Oracle Supplier Lifecycle Management Fundamentals 2014-10-04 06:07:11
R12i Oracle iProcurement Fundamentals 2019-07-04 06:28:12
R12i Oracle Shipping Execution Fundamentals 2017-11-27 06:30:00
R12i Advanced Pricing Fundamentals 2018-11-03 06:30:54
R12i Oracle Service Contracts Fundamentals 2014-10-04 06:30:54
Oracle Fusion Applications Installation, Patching and Administration 2017-10-20 06:44:00
R12i Oracle E Business Suite Fundamentals (FREE) 2014-10-04 05:44:26
R12i Oracle Order Management Fundamentals - Introduction (FREE) 2014-11-16 22:36:44
R12i Oracle Service Contract Fundamentals - Introduction (FREE) 2014-11-16 22:38:50
R12i Oracle Purchasing - Advanced - Introduction on R12.2.3 (FREE) 2014-11-16 22:40:04
R12i Advanced Pricing Fundamentals - Introduction on R12.2.3 (FREE) 2014-11-16 22:41:02
R12i Oracle Shipping Execution Fundamentals - Introduction on R12.2.3 (FREE) 2014-11-16 22:42:16
R12.2 Install Patch and Maintain Oracle E Business Suite (FREE) 2014-11-16 22:43:15
R12i Oracle Project Costing Fundamentals on R12.2.3 (FREE) 2014-11-16 22:44:19
Oracle E-Business Suite Release 12.2.4 Installation and Patching - End To End 2015-10-27 23:44:25
SQL Fundamentals for Oracle Functional Consultants – Basic (FREE) 2014-12-27 09:31:08
Oracle VM Installation and Administration on Linux x86-64 2015-05-02 11:10:12
Oracle AIM Fundamentals 2015-07-12 10:22:00
R11i Oracle E-Business Suite Installation 2015-08-13 11:52:06
R12i Oracle Financial Concepts 2016-04-21 13:29:25
R12i Oracle O2C Lifecycle in integration with iStore and iReceivables 2016-04-18 14:05:20
Oracle E-Business Suite Release 12.2 Installation in Cloud Server 2018-02-15 04:26:22
Oracle E-Business Suite Release 12.2.0 to 12.2.5 Upgrade in Cloud Server 2018-02-25 04:26:00
How to Install Oracle E-Business Suite Release 12.2.5 in Ten Steps? (FREE) 2016-03-24 15:48:12
R12i Oracle Services Procurement Fundamentals - processes for Fixed Priced Contracts 2019-09-03 23:00:08

Requirements

Others:

Basic knowledge of Procure-To-Pay process, especially around procurement of services Basic overview and knowledge of Oracle E Business Suite Any experience as a Purchasing or Sourcing end-user as buyer/purchasing manager or as a Oracle EBS Technical/Functional Consultant will be advantageous but not necessary
Quiz Status
Viewed
Level
Introduction
Overview of Oracle Advanced Procurement solution
Overview of Services Procurement
Creating Complex Services PO
Advance Payments
Work Confirmation for Milestone Payments
Work Confirmation for Milestone 2 - Daily or Hourly Rate based Payments
Work Confirmation for Milestone3 and Milestone4 - Lumpsum Payments
Recoupment Completion and Release of Retainage
Workflows in Oracle Services Procurement
Get access to all the tutorials in the course now!