Many oracle apps professionals thrive working in different aspects of technology, domain, module, tools, administration, consulting, reporting and intelligence, development, customization, extension, integration and more. All these are Oracle. It has acquired many products and heading towards Fusion. Freshers looking for a career in Oracle also have a very good prospect, and can participate in the suite of products. Below is an understanding of the product that can be very useful for training for both professionals and freshers.
Foremost it should be understood that the overall product is like an application, where data can be stored (e.g. Items in Inventory), some operation can be performed (raising a purchase order for a purchasable item), viewing results (e.g. a BI report of BOM configuration) or viewing monthly sales and production of the manufacturing plant. Company may identify sources for purchasing from Suppliers.
I have considered here a company that purchases items from Suppliers via sourcing, assembles them to form larger units for selling. Some parts may be manufactured and can undergo planning for efficient production. Costing may be applied to keep track of expenses. Pricing can be applied in order to assign selling price and discounts based on conditions. Finally the customers can place orders on the finished or assembled good. This is what is typically a SCM (supply chain) process flow in a manufacturing company. There may be different kinds of industries requiring different aspects of SCM. Customers may further want services on the sold goods asking for a CRM system. Company may want to track the expenses and gains, and compute financial data of the whole company on periodical intervals and at end of financial year. This constitutes the Financial system. A software to provide SCM, CRM and Financial services to a company (along with its human resource management) is called an ERP software. (Historically ERP has been formed out of MRP and Manufacturing concepts)
Today, ERP provides much more and is a very complex system, that is intended to automate processes of a company (e.g. Receipt to Invoice matching), provide automatic decisions based on fed data, preferences and calculations (e.g. check credit limit of customers or select preferred suppliers for purchasing). This is pretty much the functional knowledge needed to understand what oracle apps is and what is does. It's release 12, commonly called R12 is the latest version of product that is being employed in various clients. Trainings in R12 will be useful for aspirants looking to gain or expand functional knowledge in a domain or module.
For freshers it would be important to point out that SCM, CRM, ERP and HRMS are concepts that encompass business processes at a very high level dealing with different departments of a company. E.g. HRMS is for employees of a company and their payroll and benefits. SCM is for Suppliers and their relationships, Items that need to be purchased or entire items repository, identify costs related to purchases, and Customer orders.
Next we shall discuss about that which would take our understanding towards Oracle fusion. Till now you have seen and understood what comprises R12.
Foremost it should be understood that the overall product is like an application, where data can be stored (e.g. Items in Inventory), some operation can be performed (raising a purchase order for a purchasable item), viewing results (e.g. a BI report of BOM configuration) or viewing monthly sales and production of the manufacturing plant. Company may identify sources for purchasing from Suppliers.
I have considered here a company that purchases items from Suppliers via sourcing, assembles them to form larger units for selling. Some parts may be manufactured and can undergo planning for efficient production. Costing may be applied to keep track of expenses. Pricing can be applied in order to assign selling price and discounts based on conditions. Finally the customers can place orders on the finished or assembled good. This is what is typically a SCM (supply chain) process flow in a manufacturing company. There may be different kinds of industries requiring different aspects of SCM. Customers may further want services on the sold goods asking for a CRM system. Company may want to track the expenses and gains, and compute financial data of the whole company on periodical intervals and at end of financial year. This constitutes the Financial system. A software to provide SCM, CRM and Financial services to a company (along with its human resource management) is called an ERP software. (Historically ERP has been formed out of MRP and Manufacturing concepts)
Today, ERP provides much more and is a very complex system, that is intended to automate processes of a company (e.g. Receipt to Invoice matching), provide automatic decisions based on fed data, preferences and calculations (e.g. check credit limit of customers or select preferred suppliers for purchasing). This is pretty much the functional knowledge needed to understand what oracle apps is and what is does. It's release 12, commonly called R12 is the latest version of product that is being employed in various clients. Trainings in R12 will be useful for aspirants looking to gain or expand functional knowledge in a domain or module.
For freshers it would be important to point out that SCM, CRM, ERP and HRMS are concepts that encompass business processes at a very high level dealing with different departments of a company. E.g. HRMS is for employees of a company and their payroll and benefits. SCM is for Suppliers and their relationships, Items that need to be purchased or entire items repository, identify costs related to purchases, and Customer orders.
Next we shall discuss about that which would take our understanding towards Oracle fusion. Till now you have seen and understood what comprises R12.
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