Purchasing has been traditionally referred to a business or organization attempting to acquiring goods or services to accomplish the goals of its enterprise. In order to make it more efficient, an electronic outlet, JUMBO Electronics is in the process of automating it procurement function.
Jumbo electronics is branded store so it sources its product from with variety of supplier such as Samsung, Sony, Toshiba, Nokia etc. Generally suppliers provide catalogue prices upfront to Jumbo Electronics.Since inventory carrying cost is very high because of real estate and space cost, it is advised to keep store inventory lean and still meet customer demand.
Store manager wants to deploy some sort of inventory planning and its integration with their suppliers.
Suggest how best you can cater to this challenge using Oracle Purchasing.