Oracle Order Management Capabilities
1. Increase Revenue
Increase Average Order Size through Cross-sell and Up-sell
The OM data entry form includes a tab that shows cross/up selling products that are associated with the chosen line item.
The relationship type, description, availability, and price are displayed and users can easily add one or multiple cross/up selling products to the order via choosing a check box.
Margin Enforcement
We can setup margin limits, wherein we specify the minimal margin %, on which we want to do the business.
During an order entry, we may view margins and take appropriate action. The system can also put an automatic margin based on the sales order.
This guarantees that all our sales
…show more content…
Oracle Configurator utilizes a rule-based configuration to order the engine to guide both reps and self-service customers for top-rated configurations.
Lessen Errors and Delays through Order Validation and Automatic Defaulting
Oracle Order Management presents the potential to approve an order during the capture process and ensures that it has all the vital and accurate information to be processed for fulfillment without errors.
OM also provides a flexible defaulting functionality to automatically populate order statistics such as fee, bearer, and delivery records to reduce the chance of data entry mistakes.
This approval underpins sales orders and governs other orders supporting order modifications, cancellations, and
…show more content…
Order Management supports available-to-promise (ATP), and Oracle Global Order Promising adds capable-to-promise (CTP) and capable-to-deliver (CTD) support.
Inventory can be promptly saved at the order entry or it is done automatically, as the asked ship date moves inside the allotment window.
Give Timely Order Status with Drop Ship Support
Oracle Order Management can be effortlessly designed to assist satisfying client orders by directly delivering the products from the supplier to the end customer.
Customer sales orders are flawlessly conveyed from Oracle Order Management to Oracle Procurement and on to the dealer.
Customer changing the sales order and supplier changing the purchase order are synchronized to enable real-time order status inquiry.
Once the dealer conveys the Advanced Shipping Notice electronically or via Web self-service, the customer will be invoiced.
Settle on Better Decisions Faster
Oracle Order Management Information Discovery is a separate product that empowers OM users to settle on better decisions
OBT Settings/Tables- review the current OBT time tables, settings, understand how to utilize the tables (defining the math used to calculate distance vs. time) in bookings. Switches- review multiple settings in the system that may need to be turned on or off. This was more related for the back end in the system to book trips properly and scheduling efficiency.
During Q1-Q2 2015, I have achieve 5 out of 6 KPI target. The numbers provided below are average KPI from January to June 2015. Quantity of achievements: • Percentage of invoice posted against PO is 90.45%, which the target is 81%. Posting against PO can be maintained by not forgetting to deduct WHT and recording the correct amount of VAT.
1. Does Zappos effectively focus on stakeholder happiness, and how does this approach affect the ethical culture? At Zappos, Zappos higher goal is to provide happiness. Whether our customers get a new pair of shoes or perfect clothing, as well as in dealing with friendly customer service representatives when the happiness or their employees to become part of the culture.
Company Information Company X will be designed to be a global package and delivering business. Company X will provide management solutions for a global supply chain. Company X has three divisions of operations which are Supply Chain & Freight, International Packaging, and Domestic Packaging. Company X will deliver packages to 220 countries and territories. Shipping capabilities will be enhanced through the use of a desktop shipping application personalized to meet the shipping requirements of Company X.
In conclusion, the margin of safety is the buffer between projected sales and the break-even
Operations management needs to be effective by making sure that customers’ needs are being met. The production process is the act of combining various immaterial inputs in order to create a good or service which has value and contributes to the utility of consumers. Dymocks The Company will support the sole trader in negotiating great terms with major suppliers in order to achieve the best benefits and discounts. Once an order has been put in with suppliers, the order will then be processed and the goods will be created.
4. Analysis of strategic capacities of Nikon Corporation This section analyzes the strategic capability Nikon. It starts with a value chain analysis, followed by a VRIN evaluation to determine whether there is any capacity can be sustained competitive advantage. 4.1 Value chain analysis Porter developed the value chain to help determine the internal activities for a competitive advantage, and which are not.
1. Define acronyms CRP, EDI, OSB, ECR and explain. CRP stands for "continuous replenishment program". CRP was a process that P&G created in order to increase logistic efficiency. The process consisted of using electronic data interchange (EDI), which is an electronic system that transmits data instantaneously from one business to another.
In all scenarios the inventory should be procured at the EOQ (Economic Order Quantity) level to minimise cost and stock outs. The above mentioned 5 steps would bring more reliability and predictability in the business relationship between L.L.Bean and its vendors. This collaborative supply chain will result in a flexible, agile, more responsive and stable supply chain with reduced lead times & reduced stock outs.
Then a retail link Bentonville Database was devised which acted as a link to the stores and the Analyst who would analyze the real-time sales data from POS to Walmart's distribution centers. Transaction Processing System (TPS) in Walmart witnesses transactions close to 10 million per day. This system automates repetitive tasks Using a CPFR (Collaborative Planning Forecasting Replenishment) scheme all the links in the supply chain would be connected.
• Operations: These are the transformation activities that change inputs into outputs that are sold to customers. Here, your operational systems create
In case, the demand fluctuates suddenly we adjust the supply by transporting our excess inventory or take some inventory from other distribution centres where sales are comparatively less. Tesla faces a rush order situation mostly in around festival time. To decrease the lead time, transportation costs and the excess inventory company have decided to invest in efficient and cost effective warehouses.
By using low-cost incremental technology that software applied to inventory control, order selection, short interval scheduling as well as sales forecasting. Company have managed to reduce their inventory levels through just-in-time system, electronic direct interchange (EDI) and extranet enabling retailer and supplier to be in constant touch. Electronic warehousing systems are used for the storage of information. (Marketing policy, planning and communication) For any changes which may occur, the company must be ready to adapt by having IT department that will handles all the technological issues.
Flipkart is an Indian e-commerce company headquartered in Bangalore, Karnataka. It was started in the year 2007. In its formative days Flipkart mainly dealt with books but now, it has expanded to electronic goods and a variety of other products. Primary categories of products sold at Flipkart are: • Books • Mobiles & Accessories • Computers • Home and Kitchen • Personal and Health Care • Gaming • Watches and Fragrances • Music and Movies • Stationery Some other facts about Flipkart are • It has 2,000,000 registered users • 8,000,000 customer visits every month.
TASK 1.1 Importance of operation management Operations management (OM) is the business function responsible for managing the process of creation of goods and services. It involves planning, organizing, coordinating, and controlling all the resources needed to produce a company’s goods and services. Because operations management is a management function, it involves managing people, equipment, technology, information, and all the other resources needed in the production of goods and services. Operations management is the central core function of every company. This is true regardless of the size of the company, the industry it is in, whether it is manufacturing or service, or is for-profit or not-for-profit.