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April 27, 2017

4/27/2017 12:42:00 PM
Spot Buy

Oracle Applications :Purchasing :Spot Buy


Certain business users have buying insight and authority to make purchasing decisions for their organizations for certain commodities.  Spot Buy empowers these requestors to create requisitions that convert to a purchase order document without buyer intervention or minimal buyer intervention. Spot Buy reduces procurement involvement in transactions where procurement adds little value. 
Spot Buy provides the following capabilities for requesters:
  • Ability to specify supplier and quote price and convert the requisition document into a purchase order automatically.
  • Ability to document multiple supplier quotes, assign ranks to quotes, and award to a specific supplier. Eligible requisition lines can be converted into a purchase order automatically.
Spot Buy lets buying organizations empower requesters for whom buyers provide minimal guidance, a workflow improvement that leads to reduced buyer workload.

This feature is available from R12.2.6 version