Objective:
In this training article we will discuss all about Business Unit in Fusion Procurement and how to configure it in the instance.
Business Unit
Business unit (BU) is a unit of an organization /enterprise that performs one or more business functions that can be rolled up in the management hierarchy. A business unit can perform transactions on behalf of many legal entities.
- Business Unit is assigned to one primary ledger
- Business unit as securing mechanism of transactions.
Procurement Business Unit
- A business unit with the procurement business function
- Establishes a relationship with a supplier through the creation of a site, which maintains internal controls for how procure to pay transactions are executed with the supplier.
- Manages, owns, and is responsible for purchasing transactions.
Requisitioning Business Unit
- A business unit with the Requisitioning business function.
- Manages and owns requisitioning transactions.
Sold-to Business unit
- A business unit with the Payables Invoicing business function
- Responsible for invoicing transactions.
- Assumes the liability for the purchases made on behalf of a client business unit.
Business Functions
A business function represents a business process, or an activity that can be performed by people working within a business unit and describes how a business unit is used. The following business functions exist in Oracle Fusion Applications
- Billing and revenue management
- Collections management
- Customer contract management
- Customer payments
- Expense Management
- Incentive compensation
- Marketing
- Material management
- Inventory management
- Order fulfilment orchestration
- Payable invoicing
- Payable payments
- Procurement
- Procurement contract management
- Project accounting
- Receiving
- Requisitioning
- Sales
Service Provider Model
Allows a business unit to act as a service provider to client business units, so that the personnel in a shared service center can process transactions on behalf of client business units. Use the service provider model to centralize the procurement business function. Define business units with requsitioning and Payables Invoicing business functions as a clients of a business unit with the Procurement business function. The benefit of shared service is that the enterprise as whole can have a better negotiation with the customers for procurement of a certain goods/services.
Creating Business Unit
In order to implement Business Unit Navigate> Procurement > Define Common Aplications Configuration for Procurement > Define Enterprise Structure for Procurement > Define Business unit for Procurement > Manage Business Unit
Click on task
Click on Create Icon
Imput the name of business unit, select default set as Common and Click on save and Close
Now we need to assign the business function with the BU
For that click on Assign Business Unit Business function task bar
Select Scope and click on apply and Go to task
Select the BU and Click on Save and Close
Select the relevant business functions and the ledger/LE and click on Save and Close. It is important to note that the selection of Material management is important if we want to create Inventory Organisation. So we can see how we created the business unit and associated the business function with the BU.
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