Discussion in 'Oracle SCM & Manufacturing' started by krish, Nov 24, 2011.
I would like to know what are the principle that constitute a successful order management?
This document will give you knowledge about Procure and Order Management cycles.
All the best
Main modules in Order to Cash cycle include... Oracle Order Management, Oracle Advanced Pricing, Oracle Shipping Execution, Oracle Receivables, Oracle General Ledger....
Thank you for the update on both the queries.
Order to Cash Cycle not only covers external Orders ie orders from external parties. Internal Orders and returns are also catered to.
The Cycle at a macro level is as below
Customer places Order through various channels like email, fax, EDI, through sales person
Then The Business Receives the Order
Then the Business Fulfills the Order by Shipping the requested Goods
Then the Customer is Invoiced for the Goods
Then the Customer pays for the Goods
Let us look at it breaking it down to Processes
Order Booking/ Entry/Processing
Pick Release (Basically reserve inventory, move it from bin to staging area and release it for the order)
Ship Confirm (Complete the Shipment)
Collection (Receipts for Goods/Services Shipped)
Reconciliation and Accounting
From a Software point of view various other micro level processes to achieve the above transaction happen
eg: Interface Trip Stop
AutoInvoice for creation of Invoice
Tips: Visualize each step of the business process
Study the Oracle Process that helps complete each of these processes
Hope this helps
Please find the standard order flow below
Attached is the order flow
Order flow given below
order flow will be attached in next 2 posts
order flow below
Standard order cycle
standard order flow