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Oracle E-Business Suite 12 Financials Cookbook

You're reading from   Oracle E-Business Suite 12 Financials Cookbook Take the hard work out of your daily interactions with E-Business Suite financials by using the 50+ recipes from this cookbook

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Product type Paperback
Published in Aug 2011
Publisher Packt
ISBN-13 9781849683104
Length 384 pages
Edition 1st Edition
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Author (1):
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Yemi Onigbode Yemi Onigbode
Author Profile Icon Yemi Onigbode
Yemi Onigbode
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Table of Contents (15) Chapters Close

Oracle E-Business Suite 12 Financials Cookbook
Credits
About the Author
About the Reviewer
www.PacktPub.com
1. Preface
1. Creating Items in Inventory 2. Purchasing Items in Procurement FREE CHAPTER 3. Paying Supplier Invoices in Payables 4. Managing Assets 5. Selling Items to Customers in Order Management 6. Receiving Funds in Receivables 7. Managing Cash 8. Defining Transactions for the General Ledger 9. End of Period Processing

Introduction


An organization's operations include the buying and selling of products and services. Items can represent the products and services that are purchased and sold in an organization. Let's start by looking at the Item creation process.

The following diagram details the process for creating Items:

  1. 1. The Item Requester (the person who requests an Item) completes an Item Creation Form, which should contain information such as:

    • Costing information

    • Pricing Information

    • Item and Product Categories

    • Details of some of the Item attributes

    • The inventory organization details

  2. 2. Once complete, a message is sent to the Master Data Manager (the person who maintains the master data) to create the Item. The message could be sent by fax, e-mail, and so on.

  3. 3. The Master Data Manager reviews the form and enters the details of the Item into Oracle E-Business Suite by creating the Item. Once complete, a message is sent to the Item Requester.

  4. 4. The Item Requester reviews the Item setup on the system.

Let's look at how Items are created and explore the underlying concepts concerning the creation of Items.

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