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procurement complex Service v1.0.pptx
- 1. December 09, 2021 OracleConsulting Service Procurement. Oracle EAM Implementation Project
- 2. Agenda 1 2 3 4 Procurement Complex Servicesfor 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 • HighValue • 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 ProcurementIntegration 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
- 5. Oracle Advance ProcurementIntegration Module
- 6. the process of, •iProcurement 6 Copyright – © 2021 Oracle and/or its affiliates. All rights reserved. Cont.. Asset Tracking and Maintenance Service Procurment iSupplier iProcurement Purchasing Inventory Existing Future New Capability Sourcing Supplier Qualification Procurement Contracts Proj. Management, Project Billing, Project Costing General Ledger, Payables, Assets, Receivables, Cash Management
- 7. Flow Diagram formEAM to ProcurementComplexService andWorkConfirmation Copyright – © 2021 Oracle and/or its affiliates. All rights reserved. 7
- 8. Agenda 1 2 3 4 Procurement Complex Servicesfor 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 PaymentSchedule: 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 PaymentRate: 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
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- 14. 2.Work Confirmatio n 3.Approval s 4.Track Progres s 7.Process Payment 1.Maintenea ce Request on existing ServicePO Flow for Maintenance Work confirmation
- 15. Contract for NewPump 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
- 16. Procurement for ComplexServices Process
- 17. Procurement Complex ServicesRequest for Services
- 18. Procurement Complex ServicesRequest for Services
- 19. Procurement Complex ServicesProcess-Purchase Order
- 20. Procurement Complex ServicesProcess-Purchase Order
- 21. Procurement Complex ServicesProcess-Purchase Order
- 22. Procurement Complex ServicesProcess-Author Progress Payment Schedule
- 23. Procurement Complex ServicesProcess-Specify Distributions
- 24. Procurement Complex ServicesProcess-Advance Payment
- 25. Procurement Complex ServicesProcess-Advance Payment
- 26. Procurement Complex ServicesProcess-Track Progress
- 27. Procurement Complex ServicesProcess-PO View
- 28. Procurement Complex ServicesProcess-Create Work Confirmation
- 29. Procurement Complex ServicesProcess-Work Confirmation Status
- 30. Procurement Complex ServicesTrack Progress- Projects
- 31. Procurement Complex ServicesTrack Progress- Projects
- 32. Procurement Complex ServicesProcess-Payment
- 33. Procurement Complex ServicesProgress Payment- Invoice
- 34. Procurement Complex ServicesProgress Payment- Invoices
- 35. Procurement Complex ServicesProgress Payment- Retainage Release
- 36. Agenda 1 2 3 4 Complex Services ProcurementEnhancements 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
- 37. Procurement Complex ServicesProcess-Negotiate & Source
- 38. Procurement Complex ServicesProcess-Create RFQ
- 39. Procurement Complex ServicesProcess-Create RFQ
- 40. Complex Services ProcurementEnhancements for Futuristic
- 41. Procurement Complex ServicesProcess-Create RFQ
- 42. Procurement Complex ServicesProcess-Create RFQ
- 43. Procurement Complex ServicesProcess-Create Quote
- 44. Procurement Complex ServicesProcess-Quotation Analysis
- 45. Procurement Complex ServicesProcess-Create PO from RFQ
- 46. Procurement Complex ServicesProcess-Author Contract
- 47. Procurement Complex ServicesProcess-Author Contract Header
- 48. Procurement Complex ServicesProcess-Author Contract Line
- 49. Agenda 1 2 3 4 Procurement Complex ServicePoint 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 hasintegrated 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 andAutomate 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..