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Workaround for Services Procurement on Cloud

edited Mar 30, 2018 11:00PM in Purchasing 15 comments

Content

At the moment, services procurement capabilities are not available in procurement cloud. Following are the few suggestions proposed.

  1. Model the milestones as purchase order lines. For example, when a large equipment say boiler need to be purchased with various payment milestones create each milestone as a purchase order line like 10% at the time of PO, 20% of PO amount when supplier design is approved, 50% of amount when material is received, 20% after successful commission. By this, each milestone can be tracked and payment can be made progressively.
  2. Oracle Projects Portfolio Management Cloud can also be considered (leverage project-task milestone based payments). You can refer 
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