Business Cycles in Oracle EBS R12
In Oracle E-Business Suite (EBS) R12, there are several business cycles or business processes that organizations typically use to manage their operations efficiently.
Some of the essential business cycles in Oracle EBS R12 include:
Order to Cash (O2C): This cycle involves managing the complete process from receiving customer orders (sales orders) to delivering the goods or services to customers and receiving payment for the transactions.
Procure to Pay (P2P): This cycle encompasses the end-to-end process of procuring goods and services, starting from creating purchase requisitions, sourcing, creating purchase orders, receiving goods, processing supplier invoices, and making payments to suppliers.
Plan to Produce (P2P): This cycle deals with planning and managing the production process, starting from sales forecasting, production planning, creating production orders, executing manufacturing processes, and delivering finished goods to customers.
Record to Report (R2R): This cycle involves managing financial accounting and reporting activities, including recording financial transactions, closing accounting periods, and preparing financial statements.
Hire to Retire (H2R): This cycle covers all aspects of managing human resources, from hiring employees, managing their employment details, processing payroll, and handling employee benefits to managing employee separations and retirements.
Project to Portfolio (P2P): This cycle involves managing projects, project portfolios, and project-related financial activities, including project planning, budgeting, project execution, and project accounting.
Source to Settle (S2S): This cycle encompasses the end-to-end procurement process, including supplier sourcing, supplier selection, contracting, purchasing, receiving goods, and making payments.
Request to Service (R2S): This cycle pertains to managing service requests, service contracts, and service-related activities, including service request creation, work order processing, and service invoicing.
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