Review and Explain how the Stockpile Resource Planning (SRP) relate to the Oracle Financial modules make recommendations or Summary and give examples. (Gaps/Fit) Measurable Outcome for both.
Questions 1:
- Stockpile resource planning (SRP) is implemented to ensure the accessibility and effective use of supplies in emergency. There may be technical risk that can affect proper estimation of required stock (Hompel & Schmidt, 2007). In order to resolve this, training and development programs can be effective to improve technical knowledge.
- Warehouse management system (WMS) is the systemic procedure to manage the transfer and storage of materials within a warehouse. If devices used in WMS are not tested properly then it can be problematic for the user. For this, tested and calibrated devices should be used to ensure effective implementation of WMS (Berg, 2007).
- Unified Financial Management System (UFMS) is financial management program that helps to improve financial and acquisition operations by using standardized procedures and regulations. Difference between UFMS and universal accounting and financial system can create risk for the organization to achieve financial objectives. In order to avoid this, firms should integrate both systems to make improvements in financial and acquisition operations.
- Oracle Business Intelligence Enterprise Edition (OBIEE) is the supply chain analytics that is used to correlate order information with regions, periods and products. It depends on volume of high quality data that can create risk for achieving objectives because it is difficult to integrate and reconcile the data across different systems (e Alliance, 2013).
Future State
Questions 2 Reporting:
Explain how the current situation and the future State relate to the SRP and Oracle. Give summary reports of how the following relate to oracle Financial Modules. (Gaps/Fit)
Explain the following Finance Business Areas in the SRP System and Measurable outcome
a) General Ledger
b) Payables
c) Projects
d) Budgeting
e) Project Accounting
f) SRP UFMS Integration
g) Receivables
h) Documentation
General Business Areas
Security
Reports, Discoverer
CEMLI (if any)
Discuss how the Current Good Manufacturing Practices (CGMP) relates to (WMS), SRP System and Oracle Financial Modules.