Setup Steps : I - V

The following is a list of each setup step defined in detail.

Step 1FlexfieldsDefine key and descriptive flexfields to capture additional information about orders and transactions. This step is required for Key Flexfields, and optional if you plan on using the functionality surrounding Descriptive Flexfields. Several defaulting values are provided.

Step 2Multiple OrganizationsDefine multiple organizations in Oracle Inventory. This step is optional.

Step 3Inventory Organizations

3. Profile:Transaction

The following fields are in the Profile: Transaction, Profile: Document Printing, and Profile: Amounts tabbed regions of the Customer Addresses window. You can access these tabbed regions if you have assigned an active bill–to business purpose to the customer account address.

  When a new customer is created the profile class DEFAULT is defaulted and can be changed later.

Collectors

Receivables lets you define collectors and assign them to a profile class or to a customer’s credit profile class. When you assign a collector to a profile class, that collector becomes the collector for all customers assigned that profile class. You can modify collector assignments for your customers in the Customers window and for your profile classes in the Customer Profile Classes window.

Payment terms

Receivables lets you define standard payment terms for your customers to specify the due date and discount date for their open items. Payment terms can include a discount percent for early payment and you can assign multiple discounts to each payment term line. For example, the payment term ’2% 10, Net 30’ indicates that a customer is allowed a two percent discount if payment is received within 10 days; after 10 days, the entire balance is due within 30 days of the transaction date with no applicable discount.

1. Profile Classes

We can use Customer Profiles to group customer accounts with similar credit worthiness, business volume, and payment cycles. For each profile class you can define information such as credit limits, payment terms, statement cycles, invoicing, and discount information. You can also define amount limits for your finance charges, dunning, and statements for each currency in which you do business.  

Customer & Party

 A party is an entity that can enter into business and can be of the type Organization or Person. A party exists separately from any business relationship that it enters in to with another party. Information about a party such as addresses and contacts can be shared with the customer accounts of the party. For example, Vision Distribution could be a party within your trading community.

Introduction to OM

The Oracle Order Management Suite consists of: Oracle Order Management Oracle Shipping Execution Basic Pricing

Order Management

The Oracle Order Management Suite enables you to capture orders from multiple channels, price orders, check product availability, schedule fulfillment, plan shipments, ship deliveries, and track shipments. The complete order to cash cycle can be depicted in the below figure.

 

If you couldn’t understand anything out of the above figure then don’t waste time and go ahead with the rest of the topic.

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