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A friend of mine named John worked at a small Convenience store. The owner of the shop bought groceries from a seller and stocked it in the store. John used to arrange all the stuff each time there was a delivery. People used to buy stuff from the store for their daily needs. At times the stock would get over, hence John would request the people to come back later for the items. The owner used to then place the order for the required items.

The seller from where the owner of the store bought the stock is known as a VENDOR. The people who come to the store and purchase stuff are known as CUSTOMERS and the stock that John arranges each time there is a delivery is known as the INVENTORY.

As time went by, the store did good business and hence the owner expanded his business by converting the small convenience store into a super market. Along with John, the owner hired more number of people to work. These people were the EMPLOYEES. Now orders were being taken over the phone, and customers were provided with home delivery option. The order for stocks was being placed from different VENDORS. Managing the accounts on a daily basis was getting difficult, as lots of vendors were involved. The customer base had increased and more number of employees were hired.

The owner of the store could not calculate the accounts on a daily basis by writing it down on a paper as he used to do it earlier. Hence companies like ORACLE CORPORATION came up with a solution in the ERP category known as ORACLE APPLCIATIONS. It consists of many different integrated modules.

Let us consider the example of the store owner who purchases from the vendors and makes a payment for the purchased goods. This would be recorded in the PURCHASING and ACCOUNTS PAYABLES modules.

All the orders placed by the customers over the phone or through the website are maintained in the ORDER MANAGEMENT module. ACCOUNTS RECEIVABLES module keeps track of the money collected from the orders that were purchased by the customer. The INVENTORY module deals with the all the items and stock i.e. the on-hand quantity. The HUMAN RESOURCES module manages the paychecks and other benefits of the employees.

In this way the different modules are used to execute and maintain different functionalities. At the end of the day the store owner needs to know whether he is making any profit or if his business is running in losses. The GENERAL LEDGER module receives information from all the different modules and eventually it shows if there was any profit or loss that occurred.

The most important aspect when you are trying to learn a module is to first try and understand what business needs will it fulfill and secondly what are the immediate modules that it interacts with.

Let me welcome you to the world of ORACLE E-BUSINESS SUITE.

‘Known is a drop… 

                Unknown is an ocean….’

“Take up one idea. Make that one idea your life – think of it, dream of it, and live on the idea. Let the brain, muscles, nerves and every part of your body, be full of that idea, and just leave every other idea alone. This is the way to success. “(Swami Vivekananda)