Given the increased attention and scrutiny your investors are applying to the supply chain’s impact on a company’s financial performance, you need a yardstick to clearly measure your Supply Chain performance. One of the most followed and detailed performance metrics are encompassed in the Supply Chain Operations Reference (SCOR) model. The SCOR model provides an […]
When individuals or business buy products or equipments, manufacturers provide free warranty coverage for certain period of time. Oracle Applications provides a functionality to create warranty contracts on each serviceable products shipped from the manufacturer. To achieve the above functionality, you need to setup on the below: 1. Define Coverage (Service Contracts) 2. Mark the […]
CRM stands for Customer Relationship Management. It is a process or methodology used to learn more about customers’ needs and behaviors in order to develop stronger relationships with them. CRM helps businesses gain insight into the behavior of customers. This in turn can help businesses to Provide better customer service, Increase customer revenues, Discover new […]
Standard costing is used by Customers who employ predetermined costs for valuing inventory and for charging material, resource, overhead, period close, and job close and schedule complete transactions. Differences between standard costs and actual costs are recorded as variances. Manufacturing industries typically use standard costing. Costs of items can be shared across organizations using standard […]
An accounting class is a group of various General Ledger accounts which allows you to arrive at job cost, production cost and maintenance costs. The following are different accounting classes in Oracle WIP: 1) Standard discreteStandard discrete accounting classes can be used to group job costs for building subassemblies and finished goods on shop floor. […]
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