OracleUG

Traditional planning systems like MRP uses item attribute lead time offsets to align supply order due dates with demand dates of need. The ASL providers greater accuracy in making lead time offset calculations during the planning process. You can specify supplier & item specific lead times. This ensures that your orders are placed early enough to provide the selected supplier adequate time to react to your demand for each item.

You specify the invoicing method based on the distribution rule that you select for the contract project. Oracle Projects supports three methods of invoicing:

As-work-occurs • Based on bill rates or markups applied to detail transactions: - Time and Materials (T&M) when using bill rates, or - Cost plus when using burden schedules

Using Oracle Projects features, you can manage and control your invoices, review and adjust them online, and review the detailed information that backs up your invoice amounts. When you generate invoices, Oracle Projects calculates bill amounts, creates formatted invoices for printing and posting, and maintains funding balances

Oracle Projects can generate revenue and invoices based on the financial physical percent complete that you enter for a project. You can enter the physical percent complete for all  the levels in the financial breakdown structure (FBS). However, to generate revenue or invoices based on physical percent complete, you must have physical percent complete at the funding level (project or top task).

Oracle Projects releases revenue to make it eligible for interface to Oracle General Ledger. You cannot update or delete released revenue. Oracle Projects processes adjustments to released revenue by creating crediting revenue transactions.When you generate revenue for a range of projects, it has a status of Released.

You can generate revenue for a single project, or for a range of projects using the PRC: Generate Draft Revenue process. You can also delete the revenue of a single project using the PRC: Delete Draft Revenue of a Single Project process.  When you generate revenue, Oracle Projects first selects projects, tasks, and their associated events and expenditure items that are eligible for revenue generation.

When you generate revenue, Oracle Projects first selects projects, tasks, and their associated  events and expenditure items that are eligible for revenue generation. Oracle Projects next  alculates the potential revenue and then creates revenue events and expenditure items.  

Oracle Projects generates revenue based on the transactions that you charge to your projects. You configure your projects to accrue revenue based on your company policies. You can review revenue amounts online, and can also adjust transactions; these transactions are then processed by Oracle Projects to adjust the revenue amounts for your project. Oracle Projects interfaces the revenue amounts to Oracle General Ledger.

An expenditure type cost rate is a currency amount that Oracle Projects multiplies by the expenditure type unit to calculate cost. In the Expenditure Types window, select an expenditure type and choose the cost rates button to enter a cost rate for it. You cannot define a cost rate for a non–labor expenditure type that does not require a cost rate. Instead, you must disable the expenditure type and create a new one that requires a cost rate and has a unique name.

Every usage item you charge to a project must specify the non–labor resource utilized and the non–labor resource organization that owns the resource. When defining your non–labor resources, you can choose only expenditure types with the Usage expenditure type class.