2. Agenda
1
2
3
4
Procurement Complex Services for Different Industries.
Oracle Advance Procurement Integration Module
Procurement Complex Service Features
Business Flows: Handling Procurement Complex Services
2
Procurement Complex Service Point to Emphasize
5 Complex Services Procurement Enhancements for Futuristic
6
3. • Characteristic
• High Value
• Long Lead Time Delivery Schedule
• Progress Payment Schedule based on Work Progress
• Predefined Retainage amount for work performance
• Contract Financing
Procurement Complex Service for Different Industries
4. Agenda
1
2
3
4
Oracle Advance Procurement Integration Module
Procurement Complex Services for Different Industries
Procurement Complex Service Features
Business Flows: Handling Procurement Complex Services
4
Procurement Complex Service Point to Emphasize
5 Complex Services Procurement for Futuristic
6
8. Agenda
1
2
3
4
Procurement Complex Services for Different Industries
Oracle Advance Procurement Integration Module
Procurement Complex Service Features
Business Flows: Handling Procurement Complex Services
8
Procurement Complex Service Point to Emphasize
5 Complex Services Procurement Enhancements for Futuristic
6
9. • Progress Payment Schedule: The Progress Payment Schedule is
typically attached with the Work Completion Schedule. This term is
normally used in context with the Construction Services where in the
payment is to be made only after the Completion of the work which is
scheduled.
• Progress Payment: This type of payment are released even though the
work is completed partially. Each payment refers the progress payment
payment schedule.
• Pay Items: The Progress Payment Schedule is typically attached with
Completion Schedule.
Procurement Complex Service Features
10. • Progress Payment Rate: The Progress payment rates are used to
compute Reimbursement amount based on the cost incurred
by Contractor.
• Contract Financing: Contract Financing is often used on Public
Sector Contracts. Contract Financing is paid based on work performed
or cost to date
• Advances: A payment which is released usually before
work/services provided to contractor.
• Recoupment: Recovery of the advance from the payments to be
services or works performed against the contract.
Cont..
11. • Recoupment Rate: The rate of recovery of the amount which to
be recovered against the invoices submitted by contractor for the
for the services/ Work delivered against contract.
• Retainage Rate: The rate of deduction applied on the invoice
is to be withheld against invoice as Retainage.
Cont..
12. Agenda
1
2
3
4 Business Flows: Handling Procurement Complex Services
Procurement Complex Services for Different Industries
Oracle Advance Procurement Integration Module
Procurement Complex Service Features
Procurement Complex Service Features
12
Procurement Complex Service Point to Emphasize
5 Complex Services Procurement Enhancements for Futuristic
6
15. Contract for New Pump Room built Services - $1,000,000
• Project Manager creates Service Request
• Negotiation of Complex Payment Terms
• Advances
• Recoupment Rate
• Retainage Rate & Maximum Retainage Amount
• Payment Schedule for Parking Lot Renovation
• Work Confirmation & Self Billing
• Recoupment of Advance Payment
• Retainage and Retainage Release
Construction Contract Example
36. Agenda
1
2
3
4
Complex Services Procurement Enhancements for Futuristic (not in
scope)
Procurement Complex Services for Different Industries
Oracle Advance Procurement Integration Module
Procurement Complex Service Features
Procurement Complex Service Features
36
Procurement Complex Service Point to Emphasize
5
Business Flows: Handling Procurement Complex Services
6
49. Agenda
1
2
3
4
Procurement Complex Service Point to Emphasize
Procurement Complex Services for Different Industries
Oracle Advance Procurement Integration Module
Procurement Complex Service Features
Procurement Complex Service Features
49
Complex Services Procurement Enhancements for Futuristic
5
Business Flows: Handling Procurement Complex Services
6
50. • EBS has integrated set of functionality that allows
organizations to negotiation needs up front and by doing so
will free up the sourcing team to control more of the
company’s spend.
• The concept of a complex work document significantly
automates down stream transactions and allows the
associated departments to focus on strategic transaction
needs rather than bulk.
• Collaboration with suppliers is increased by giving both
parties a 360 degree view and communication path.
Procurement Complex Service Point to Emphasize
51. • Streamline and Automate Procurement of the Complex Services
Spend Category.
• Ensure Compliance with 360 º Visibility to all aspects of the
Contract Lifecycle.
• Reduce Acquisition Costs through Seamless Collaboration with
with Key Stakeholders.
• Minimize Acquisition Risks by using Negotiated Payment Terms.
Cont..