payables system is the last stage of supply-chain management. It allows companies to pay suppliers for merchandise and services. There are several opportunities in Oracle Payables for automation, because the terms and conditions are known at the stage of the purchase order (PO); assuming that the goods are accepted, payment follows at a fixed time later.
The goal of supply-chain management is to keep stock levels low but have sufficient stock to meet demand. Stock sitting in a warehouse equates to money tied up unproductively—but ...