ORACLE PURCHASING

Creating Purchase Orders

Oracle Purchasing provides four types:

Standard purchase order

Contract purchase agreement

Blanket purchase agreement

Planned purchase order



Standard Purchase Order Elements need:

One time purchases


Know details of purchase:

Specific goods or service

Known pricing

Quantity

Delivery schedule

Internal charges

Short-term agreement

Need to encumber the purchase immediately
 
 
When to Use a Contract Purchase Agreement:
 
Contract Purchase Agreement:


Details of goods or services to be purchased are not known

Terms and conditions are specified with your supplier

You reference contract purchase agreements directly on standard purchase order lines


When to Use a Blanket Purchase Agreement:

Long-term agreement:


Effective date and expiration date

Details of goods or services are known:

Pricing

Dates of delivery are not known

Actual purchases occur when a blanket release is issued

When to Use Planned Purchase Orders:

Planned Purchase Order


Dates of delivery tentatively scheduled

Details of services or goods are known

Actual purchases occur when a scheduled release is issued