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Oracle Modern Best Practice for Higher Education—Procurement
- Overview
- Smart Sourcing
- Supplier Return
- Requisition to Receipt
Higher Education—Requisition to Receipt
Modern best practice enablers of mobile, social, analytics and Internet of Things have led to receipt of material in a timely manner. You have the ability to create ad hoc and planned requisitions through self-service or automation with rule based approvals through social media and mobile devices. Cloud applications provide an easy platform to securely create, approve and share requisitions and receive goods and services for non production or production purposes using mobile devices and social media.
Mobile. Analytics. Internet of Things.Raise Requisitions
Approved individuals create purchase automatically or easily locate intended goods and services from approved catalogs via consumer like UI.
Mobile. Social.Approve Requisitions
Route approvals automatically based on defined thresholds, approval hierarchies (e.g., head of department & faculty) and purchase category. Automatically create commitment encumbrance(s).
Mobile. Social.Create Purchase Order
Automate purchase order creation for approved supplier based on negotiated pricing and contract terms. Automatic liquidation of commitment encumbrance(s) and creation of obligation encumbrance(s).
Mobile. Social.Approve Purchase Orders (Optional)
Route approval automatically according to predefined business rules.
Mobile. Social.Dispatch Purchase Orders
Automatically deliver approved purchase orders via secure electronic channels or supplier portal.
Mobile. Social. Internet of Things.Receive Goods and Services
Record goods received on campus or at designated sites. Approve invoices for services rendered to trigger automated matching in payables.