Types of po in oracle apps

 

In this post , We will discuss about PO Types available in Oracle Apps. Customer create the PO to generate the Procurement request to the supplier and Suppliers send the Material to the Customers as per the PO received from the Customer. Each Purchase order has its own different set of rules and importance and that based on the Requirment of the company that which PO they want to sent to their suppliers. Here below , I am sharing below different types of PO in Oracle Apps and its detail descriptions.

 

 

 

 

Standard Purchase Orders: -

This is most Commonly Used Purchase Order Types in Oracle apps. We creates this type of PO when we want to sent One Time Purchase Request to the Supplier. This is the Single Time commitment with the Supplier. We enters the Standard Purchase Order with the Item Detail its Quantity , Item Price , and the need by Need by Date when we want this Item in our Company.

 

 

Blanket Purchase Orders :-

Blanket Purchase Orders , we creates when we are creating the Long Time Purchase Agreement with the Supplier. This Means , We are doing contract with the Supplier only for the PO Item Price that in future we will create Purchase Request for this Item with this Same price. Here this Blanket Purchase Order Concept Comes. In the Blanket Purchase Order , We can only enters the Purchase Price of the Item. We cannot enter the Qty and the Need by date in Blanket Purchase Orders. To Create Quantity and need by date m we needs to Create the Releases of the Blanket Purchase Order , Here we enter the required Purchase Quantity and the Need by date but the PO Item purchase price refers from the Blanket Purchase Orders.

 

Planned Purchase Orders :-

Planned Purchase Order more over like the Standard Purchase Orders but these are not for single time commitments. We creates the Planned Purchase Order for the Long time commitment with the Suppliers. We enter PO items and its quantity and its Purchase Price also. We also provided tentative delivery schedule for the PO Items also.

 

 

Contractual Purchase Orders: -

We Create Contractual Purchase Orders with the Supplier , to agrees on the Specific terms and Conditions but not mentioning any Purchase Item or Service we will be use from that supplier but later on we creates the Standard Purchase Order to that Supplier giving  reference to the Contractual Purchase Orders number and then mentions Purchase Order Items and Prices also.