Vendor prices can fluctuate, sometimes significantly over time, resulting in unintended higher costs. A periodic price analysis should be performed to determine there are no overcharges or no discrepancies depending on the operating unit and inventory delivery site. A sudden price change may also indicate an expired contract or a significant, unnoticed increase. This session will review key Oracle reports to leverage your purchasing across the business, and to identify inventory item cost savings opportunities.
Learning Objectives: After completion of this program you will be able to:
- Objective 1: Discover how unintended purchased item cost variances can occur in EBS.
- Objective 2: Learn to use key Oracle reports and functionality to identify item cost savings opportunities.
- Objective 3: Explore the best practices to manage inventory purchased item costs.
- Objective 4: Recognize how to gain visibility into overall procurement, volume of items purchased, and unit prices at the operating unit level.