In order to set up Oracle Order Management, there are some mandatory and optional steps. Most of the information that is required while setting up Oracle Order Management is shared through other modules. Some common features include the following:
- Inventory organization
- Key and descriptive Flexfields
- Unit Of Measure (UOM)
- Price list
- Customer
- Picking rules
System options
System options are the key values that are used for setting up Oracle Order Management Suite. These parameters contain a list of values that should be used as per our business requirement. We can see some common parameter values in the following figure:
Profile options
Profile options are the system profiles that we assign as per our requirement. These profiles fulfill critical business requirements. We can use these profiles on four different levels, as follows:
- Site
- Application
- Responsibility
- User
Document sequence
Document sequence is used for generating sequential number for orders. Using the document sequence an automatic document sequence number will be generated. These document numbers are user defined. We can identify from where new document sequencing should take place and where it is going to end. Also, we can have a unique number sequence for a particular time period.
Using the document sequence, we differentiate our document sequencing for sales order documents. We can assign these document sequences to particular transaction types. Each transaction type has its own document sequence numbering.
In the Name field, we will give a unique name for the number sequence. Select the application for which the document sequence will be working, and enter start and finish dates from when to when this sequence will be applicable. If we want to keep this document sequence for an unspecified period, then we will keep the To field blank. For automatic number generation, select the Type as Automatic.
For the assignment of the document sequence, we will again select Order Management in Application field, which we have selected at the time of defining the new sequence. In the Category field, we will select the order type for which we require the document sequence. In the Ledger field, select the ledger and select Automatic in the Method Type field.
Under the Assignment tab, we will again select the sequence that should be used for the transaction type and the Start Date from when this template would be applicable.
Transaction type
We use transaction types to manage different types of sales order. These transaction types can be according to business requirements (how we want to differentiate our orders). There are various options for which we can classify a new transaction type, as follows:
- Export sales
- Local sales
- Territory-based
- Price-based
Workflows are assigned to transaction types. We can assign price lists, payment terms, invoicing rules, and the inventory organization from where the items against the order would be picked and shipped.
To create a new transaction type in Oracle Order Management, navigate to Setup | Transaction Types.
Here we will give the name of the new transaction type such as Standard Order Type and so on. Now we will attach the Fulfillment Flow and Negotiation Flow to this transaction type. We will also assign an effective date to this transaction type in order to start working from that date. Also, we can assign the price list and the picking rule to this transaction type.
Now under the Shipping tab, we will provide the information for the Warehouse from where the inventory should be picked. We can also leave that blank if we have specified that at the picking-rule level or we can specify that at the order-entry level.
We can specify the FOB field. We can attach the transaction type freight terms, as well as specify the shipping method at Transaction Type level.
Under the Finance tab, we enter information that would be required in Oracle Accounts Receivable at the time of invoice creation. We can also specify the account for Cost of Goods Sold (COGS) at the Transaction Type level; else we have the option to pick from the Inventory Organization.
Invoice Source type will be the source type used for invoices interfaced to Accounts Receivable. We can also specify a particular invoicing rule for the transaction type.
