R12.2 Oracle Procurement Contracts Fundamentals Certification Online Training

The R12.x Oracle Procurement Contracts Fundamentals course will teach you how to utilise and implement Oracle Procurement Contracts. In this training course, our skilled teachers will show you how to author purchase and repository contracts, approve and sign contracts, and manage contract life cycles. Variables, deliverables, sections, and directories can all be defined and controlled. You'll also learn how to put this functionality into action by following the setup steps. This course is recommended for customers that have adopted Oracle E-Business Suite Release 12 or Oracle E-Business Suite 12.1. What are the objectives of Oracle's online procurement training? Construct a contract Endorse and sign a contract Consider your options and reach an agreement. Deal with the terms of the agreement, the segments, and the envelopes.

• Oracle E-Business Suite Essentials for Implementers R12.x
• Understand the role of Procurement Contracts in the Oracle Advanced Procurement Suite.
• Describe the Business Flow of Procurement Contracts.
• Contracts for procurement are written and negotiated.
• Determine the steps necessary to implement Oracle Procurement Contracts.
• Explain the clause migration and import features.
• Explain what the Oracle Advanced Procurement Suite is.

• Acquisition Agreements In The Procurement Progressed Acquirement Suite Outline of Procurement Obtainment Agreements
• Contract Norms
• Contract Lifecycle
• Setting up and Executing Procurement Acquisition Agreements

• Specify contract requirements.
• Contracts with authors.
• Contracts should be negotiated.
• Contracts must be approved and signed.
• Contracts are executed and monitored.
• Changes should be administered.
• ontracts should be renegotiated and closed out.
• Contracts for Search

• Direct procurement
• Indirect procurement
• Services procurement

• Identify the goods or services that are required.
• Consider a Suppliers List.
• Negotiate contract terms with the chosen vendor.
• Bring the Purchase Order to a close.
• Receive the invoice and proceed with the payment.
• The Order's Delivery and Audit

The procurement cycle is a set of steps that must be followed in order to receive products or services from a third party. Vendor research, order requests, budget negotiations, purchases, and audits are examples of events. The procurement cycle can take a long time and cost a lot of money to accomplish.

• Methods of Purchasing
• Tenders are now open.
• Tendering with Restrictions.
• Proposals are being sought (RFP)
• Tendering in two stages.
• Request for Proposals (RFP).
• Single-Source.

The average yearly pay for a procurement specialist in Chennai is 4.7 lakhs, with a range of 3.1 lakhs to 9.5 lakhs. Professional Level (ZAR 976k) for Procurement Managers, Operational Level (ZAR 394k) for Procurement Specialists, and Advanced Professional Level (ZAR 1,381k) for Procurement Directors.

You may expect to be paid on time and have a decent amount of job security in procurement. Procurement professionals, on the other hand, are more likely than other occupations to experience decent raises and a development in their value over time as they gain new skills—they may be less likely to stagnate on the salary scale.

Our courseware is designed to give students in R12.2 Oracle Procurement Contracts Fundamentals a hands-on approach. The course consists of theoretical courses that teach the fundamentals of each module, followed by high-intensity practical sessions that represent contemporary industry difficulties and needs, requiring the students' time and attention.