Concepts Tasks Settings Procurement Contents Procurement Life Cycle Procurement Transactions Procurement and Materials Using My Desk To Work With Purchase Demand Suppliers Supplier Resources Requisitions Requests for Quotation (RFQs) Contracts Purchase Orders Blanket Orders Invoicing Credit Memos Invoice Batches Manufacturers APM's procurement function enables you to purchase the materials, tools, and services you need to maintain your assets and to run your organization. You can request purchases using requisitions, then use purchase orders to buy the items from your suppliers. As well, APM enables you to create blanket orders, giving departments the ability to make regular, low-cost purchases of specific items. You can enter and track suppliers and the items that they supply (supplier resources). For each supplier resource you can enter pricing and purchasing information. You can also set up the system to select the preferred supplier and their current price for an item on purchase demands. You can create and send out requests for quotation (RFQs) on items that you wish to purchase. When bidders send you their pricing information, you can upload it into the system and then accept or reject each bid. You can also enter contract information for suppliers with whom you have purchasing contracts. As well, APM enables you to create blanket orders, giving departments the ability to make regular, low-cost purchases of specific items. The topics in this section explain procurement concepts, and how to work with suppliers, requisitions, purchase orders, requests for quotation, contracts, blanket orders, invoices, and credit memos. For information about exchanging data with Oracle® Purchasing, see Integration Feature for Purchasing and Materials Systems.
