An honest Opinion of How Oracle Has Helped My Company
September 16, 2019
An honest Opinion of How Oracle Has Helped My Company
Score 7 out of 10
Vetted Review
Verified User
Modules Used
- Oracle Procurement Cloud
- Supply Chain Execution
- Inventory Management
Overall Satisfaction with Oracle ERP Cloud
Currently it is being utilized by our Supply Chain Management and Finance groups. Supply Chain uses it mainly to track production throughout our manufacturing processes. Since we have many outsource commercial manufacturing organizations it is important to know which of our goods are at each location, and also the quantities of each on hand. We also like the visibility into each organization to see down to each lot level of each stock keeping unit we have. We also use it to create and maintain new purchase orders. This helps us give clarity into which accounts are being hit for each work order that is being performed by a vendor. It also is helpful in seeing how much money is left on a purchase order, and to see each specific invoices have been processed. This leads into where finance also works with procurement module because they approve and create each purchase order. They also use it for cost accounting but I am not an accountant and do not know the specifics behind that. We are also beginning to move towards implementing our own manufacturing module and demand planning.
- Gives visibility into where all of various SKUs are, and the quantity of them. Given we have over 15 contracted manufacturers it is very useful to access their inventories in one module (Inventory Management).
- Procurement allows for easy and effective ways to create new purchase orders, with the ease of entering requisitions and the efficiency of the approval process to form actual purchase orders to send out to vendors.
- Automatically captures the cost of a contracted manufacturer performing a production service for my company.
- There are often times there is an error while I am trying to complete a transaction, and the error message does not clearly explain what there error is, and I have to contact IT to figure it out.
- When a lot is in quarantine status and you try to use it in a "miscallaneous transaction" in the inventory management module it does not show up in the lot space, you have to go back through "manage lots" to change it to active and then restart the process.
- Exporting certain reports to excel can occassionally take a very long time.
- Inventory reporting has been much more accurate, which helps with auditing purposes
- Purchase Orders are created much more quickly and accurately.
- Finance has said that month end inventory close is much more efficient with the create accounting module.