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Oracle Fusion SCM Certification: Enhancing Your Supply Chain Management Expertise
IntroductionSupply chain management can be a key factor in ensuring organizations remain competitive. Oracle Fusion SCM is an integrated application suite designed to streamline and optimize the supply chain. The importance of Oracle Fusion SCM Certification, its benefits, and how you can improve your supply chain management expertise are discussed in this article. Understanding Oracle Fusion SCMOracle Fusion SCM is an integrated cloud-based application suite that facilitates end-to-end supply chain management processes. The platform includes modules like Inventory Management, Order Management, and Procurement. It also provides an integrated platform that allows for the efficient execution and coordination of supply chain activities. Benefits of becoming Oracle Fusion SCM certified Oracle Fusion SCM is a cloud-based solution for supply chain management that allows businesses to optimize their supply chains. Oracle Fusion SCM certification can provide a variety of benefits. · Skills and Knowledge Demonstrated: The certification shows you possess the necessary skills and know-how to manage and implement Oracle Fusion SCM. It can increase your marketability to potential employers and help you get a better salary.· Confidence: Certification will give you confidence in using Oracle Fusion SCM for supply chain improvement. It can result in better decisions, greater efficiency, and lower costs.· Resources: Oracle offers certified professionals access to various resources, including documentation, training, and support. You can stay informed about Oracle Fusion SCM's latest functionality and features.· Recognition as a professional: Certification is an industry-recognized credential that can be used to build your reputation. It can open up more career opportunities and help you create a network of professionals within the SCM industry.Oracle SCM cloud certification has many benefits. · Earning potential increased: According to Oracle, certified professionals make an average of 14% more money than non-certified professionals.· Better job prospects. Certification can increase your marketability to employers and help you find a job within the SCM industry.· Expanded career options: Certification opens up various career possibilities, including becoming a trainer or consultant.· Improved skills and knowledge: The Certification program will enable you to acquire new knowledge and abilities to help you advance in your career or improve your job. How to prepare for the Oracle Fusion SCM certification exam Oracle Fusion SCM is challenging, but passing with the right preparation is possible. It is essential first to have a thorough understanding of exam topics such as supply chain management (SCM), procurement, order management, and inventory management. To thoroughly understand these topics, it is advisable to read the Oracle SCM cloud certification Guide and attend training sessions. Practice exams and quizzes are also helpful in gauging your knowledge and identifying areas for improvement. Hands-on practice is another important part of preparing for the Oracle Fusion SCM Cloud Training Certification Exam. Gaining practical experience with Oracle Fusion SCM and applying concepts in real-world situations is beneficial. You can do this through personal projects, internships, or job opportunities. Moreover, participating in forums and online groups and networking with other professionals can give you valuable tips and insights for the test. The key to Oracle Fusion SCM exam success is the combination of practice and knowledge. With a little time and preparation, anyone can achieve this highly sought-after certification in supply management and further their career. Resources and study materials for Oracle Fusion SCM certification To prepare for Oracle Fusion SCM training certification, you need to have access to comprehensive and reliable study materials. These points will examine various study resources that you can use to prepare for your Supply chain management certification exam. ✔ Oracle University and other training institutesOracle University is Oracle's official certification and training arm, and if you want, you can join other Oracle fusion institutes. The Oracle Fusion SCM Certification Training Program offers many training courses to prepare candidates. The courses include modules from the SCM suite, such as Inventory Management, Order Management, and Manufacturing. ✔ Oracle DocumentationOracle Fusion SCM documentation can be a useful resource for understanding the functionalities and technical aspects of Oracle Fusion SCM. This documentation contains detailed information on each module, best practices, and guidelines for implementation. ✔ Tests of PracticeThe practice exams you take are an important part of your preparation. Oracle provides practice exams that simulate the certification exam environment. These practice tests help you to assess your knowledge and identify areas of weakness. They also familiarize you with the format and types of questions. ✔ Video Tutorials OnlineA variety of online videos and tutorials cover Oracle Fusion SCM. The resources are interactive and visual, making understanding and learning concepts easier. ✔ Oracle Learning ExplorerOracle Learning Explorer, a free online learning platform, offers tutorials and learning paths to get candidates started on Oracle Fusion SCM. This gives a sneak peek into Oracle University's official training. ✔ Online Forums and CommunitiesOnline forums and communities dedicated specifically to Oracle Fusion can prove very beneficial. You can interact and connect with experts and other professionals, including those already holding the Oracle Fusion SCM certification. This allows you to ask questions, exchange knowledge, and clear up doubts. ✔ Download E-Books & Study GuidesOnline, you can find a variety of e-books that go into detail about Oracle Fusion SCM. They are usually written by experts in the industry and provide practical examples and additional insight. ✔ Get hands-on experienceWhen preparing to achieve Oracle SCM Training Certification, practical experience can be invaluable. Consider working with Oracle Fusion SCM simulations or real-world applications to put your skills into practice. ✔ Online events and webinarsTo stay informed about Oracle Fusion SCM's latest trends and developments, attend virtual events or webinars hosted by Oracle and other industry experts. The possibilities are often based on real-life success stories and use cases. ✔ Weblogs and articlesBrowse blogs and articles by Oracle Fusion SCM professionals and experts. You can find useful tips and industry insight in these resources. Tips and tricks for passing the Oracle Fusion SCM certification exam For your certification success, we've compiled an essential list of tricks and tips to help you confidently navigate the test. i. Understand the Exam ObjectivesStart your preparation by thoroughly understanding the exam objectives. Familiarize yourself with the topics and skills that the exam tests. This will help you focus on areas that carry more weight in the exam. ii. Create a Study PlanDevise a well-structured study plan outlining your schedule and setting achievable goals. Assign sufficient time to each topic, and regularly assess your progress to stay on track. iii. Leverage Official TrainingEnroll in Oracle's official training courses for Oracle Fusion SCM. Experts design these courses and cover the exam syllabus in detail. They provide valuable insights and hands-on experience with the applications. iv. Utilize Practice ExamsPractice exams are invaluable for gauging your preparedness and familiarizing yourself with the exam format. Take multiple practice exams to identify weak areas and work on improving them. v. Read Official DocumentationDelve into Oracle's official documentation for Fusion SCM applications. The documentation provides in-depth insights into each module's functionalities and best practices. vi. Hands-on ExperiencePractical experience is essential for mastering Oracle Fusion SCM. Work on real-world projects or simulations using the applications to reinforce your understanding. vii. Time ManagementUse effective time management techniques during preparation for the test and in your examination. Ensure you allocate appropriate time to each question and section to complete the exam within the given timeframe. viii. Review RegularlyRegularly review and revise the topics you've studied. Create concise notes and summaries to aid in quick revision before the exam. ix. Join Online CommunitiesEngage with online forums and communities dedicated to Oracle Fusion SCM. Interacting with fellow candidates and experts can provide valuable insights and support. x. Stay UpdatedKeep up to date with all the new developments and trends within Oracle Fusion SCM. Attend webinars, read blogs, and explore industry articles to enhance your knowledge. xi. Manage Exam AnxietyOn the exam day, manage exam anxiety by staying calm and composed. Trust your preparation and approach each question with a clear mind. xii. Focus on Key ConceptsPay special attention to key concepts and features of Oracle Fusion SCM applications. Understand how they contribute to efficient supply chain management. xiii. Eliminate Incorrect ChoicesWhen answering multiple-choice questions, eliminate incorrect choices first. This will increase your chances of selecting the correct answer. xiv. Read Questions CarefullyRead each question carefully to understand the requirements fully. Avoid rushing through the questions, and double-check your answers before submitting. xv. Use Allotted ResourcesTo your advantage during the exam, utilize any permitted resources, such as a calculator or provided reference material. Maintaining and updating your Oracle Fusion SCM certification Oracle Fusion SCM certifications must be updated regularly to keep up with the latest industry standards. You must pass the necessary exams and complete all required courses to maintain your Oracle Fusion SCM training. Courses and exams are designed to cover all the latest features and updates to the Oracle Fusion SCM Platform. This will help you be ready to take on the challenges. Maintaining certification shows that you are committed to professional growth and excellence. It also allows you to stay up-to-date with the latest developments. Employers often seek certified professionals as certifications provide proof of skills and knowledge. Certified holders have exclusive access to resources, networking opportunities, and online communities. They can stay informed about the latest industry trends through these forums. Keeping your certification current can improve your job prospects and remain competitive. Conclusion and final thoughts on the importance of Oracle Fusion SCM certification The Oracle Fusion Supply Chain Management Certification is an important step in enhancing your knowledge and skill set for supply chain management. The Oracle Fusion Supply Chain Management certification certifies your proficiency in the Oracle Fusion SCM. This tool is an excellent way to enhance efficiency, streamline business operations, and reduce costs. Oracle Fusion SCM Certification can improve career prospects and increase job security. Oracle Fusion SCM Certification also provides access to an international network of resources and professionals. The Oracle Fusion SCM Network allows those certified to remain up-to-date with new trends and technologies in the supply chain. They can also exchange ideas with others and learn from other organizations how they use Oracle Fusion SCM.This community provides opportunities to collaborate and network and can enhance professional development. Oracle Fusion SCM Certification adds value to your CV and opens up a community of passionate supply chain experts.
More detailsPublished - Tue, 29 Aug 2023
Created by - Tech Leads IT
Best Oracle Fusion SCM Tutorial for Beginners
In this guide, we will cover everything you need to know to become proficient in SCM and outrank other websites with the quality of our content.Introduction to Oracle Fusion SCMOracle Fusion SCM is an integrated set of applications that streamlines and optimizes the supply chain. The platform is comprised of modules such as Inventory Management and Order Management. It also includes Procurement Modules, Product Management Modules, etc.Understanding the Key FeaturesInventory ManagementOracle Fusion SCM offers robust Inventory Management capabilities that help businesses maintain optimal inventory levels, track stock movements, and manage multiple locations efficiently. With features like real-time updates and advanced reporting, companies can ensure smoother operations and minimize inventory holding costs.Order ManagementEfficient order processing is crucial for customer satisfaction and business success. Oracle Fusion SCM's Order Management module enables businesses to seamlessly manage the entire order lifecycle. From order creation to fulfillment and shipment, every step is streamlined for maximum efficiency.ProcurementManaging procurement effectively is essential for cost control and vendor management. Oracle Fusion SCM's Procurement module offers automated procurement processes, supplier qualification, and contract management to enhance sourcing efficiency and reduce purchasing complexities.Product ManagementThe Product Management module of Oracle Fusion SCM empowers businesses to effectively manage their product data, including attributes, classifications, and hierarchies. It ensures that accurate and consistent product information is available across the organization.Understanding the basics of Supply Chain ManagementSupply Chain Management is an important aspect of any business operation. It involves managing the flow of information, goods, and services from raw materials suppliers to end users. The goal is to maximize efficiency and minimize the costs of the process so that the correct products can be delivered at the appropriate time to the proper place. These are the key fundamentals of Supply Chain Management.i. Supply Chain Components: A supply chain comprises many components. These include suppliers, manufacturers, and distributors. Retailers, end-users, and retailers are also included. The components play a crucial role in the flow and exchange of information.ii. Supply Chain Activities: SCM has various activities, such as production, procurement, inventory management, and transportation. Planning and executing each activity is essential.iii. Supply and Demand Planning: It is important to accurately forecast demand to maintain adequate inventory levels and to prevent stock-outs and excess inventory. This involves collaboration among different stakeholders to plan production and distribution.iv. Inventory management: It is important to balance inventory levels to satisfy customer demands without incurring excessive carrying costs. Stock management techniques such as Just-In-Time and Economic Order Quantity can help maximize inventory levels.v. Supplier Management: It is important to select reliable suppliers and maintain good relations with them. This will ensure a smooth supply chain. This is part of negotiating contracts, monitoring performance, and ensuring timely deliveries.vi. Production and Manufacturing: It is essential that production processes be efficient to maintain product quality while meeting demand. To reduce waste and improve efficiency, lean manufacturing is often used.vii. Distribution and Logistics: Effective distribution and transportation networks are essential for the timely delivery of products. Transport modes can include trucks, planes, ships, or combinations.viii. Information Technology (IT) in SCM: Modern SCM relies heavily on software and information technology to improve communication, analyze data, and make decisions across the supply chains.ix. Risk Management: The supply chain is vulnerable to various risks, such as political instability and natural disasters. It is important to develop contingency and risk management strategies.x. Sustainability: Sustainability and environmental concerns are increasingly becoming important aspects of supply chain management. Businesses are focused on reducing carbon footprints and promoting ethical business practices.xi. Performance Measurement and Improvement: Monitoring key performance indicators regularly helps companies identify improvement areas and makes data-driven decision to improve their supply chain efficiency.xii. Collaboration and Integration: Effective SCM depends on cooperation amongst all parties involved in the supply chain. A cohesive system is based on clear communication and common objectives.Guided exercises for beginners in Oracle Fusion SCMOracle Fusion SCM is a powerful set of applications that optimizes and streamlines supply chain processes. Learning the different modules and functions can take much work for a novice. With guided exercises, one can easily grasp the basics of Oracle Fusion SCM.Oracle Fusion SCM training for beginners can begin with basic functions such as order management, stock control, and procurement. These are all core features of this application. Through guided exercises, users can learn how to manage invoices and create and receive purchase orders in the procurement module. Users can also learn to manage their inventory by using the Inventory module. The order management module teaches users how to allocate inventory and create sales orders. These exercises will help beginners gain a solid foundation for Oracle Fusion SCM. They can then progress to the more advanced features.Tips and tricks for optimizing your supply chain with Oracle Fusion SCM Complete Training: Ensure you provide your staff with thorough Oracle Fusion SCM training. Your team will be able to get the best out of Oracle Fusion SCM if they are familiar with its features. Maintaining Accuracy in Data: Keep data accurate and current. Audit and cleanse your data regularly to prevent errors that could affect supply chain operations. Planning and Demand Forecasting: Use historical data to predict future demand. Planning effectively will allow you to optimize your inventory and satisfy customer needs without having excess stock. Supplier collaboration: Build strong relationships with your suppliers, and utilize Oracle Fusion SCM supplier collaboration tools for improved communication. Inventory Optimization: Use Oracle Fusion SCM's inventory management capability to implement JIT inventory, safety stocks, and reorder points while minimizing carrying costs. Effective order management: Optimize the order-to-cash processes through automation, efficient order fulfillment, and real-time order tracking. Warehouse management: Use Oracle Fusion SCM warehouse management to improve order accuracy and reduce processing times by optimizing storage, picking, and packing. Transport Management Streamline planning and execution of transportation with Oracle Fusion SCM's Transportation Management module. Maximize shipping routes and carrier selection. Track shipment progress in real-time. Supplier performance monitoring: Monitor supplier performance continuously through Oracle Fusion SCM analytics and reporting. To ensure your supply chain is reliable, identify and resolve any problems immediately. Integration with Other Systems Integrate Oracle Fusion with enterprise systems such as ERP and CRM platforms to seamlessly share data across an organization. Contingency and Risk Management: Develop contingency planning to minimize the impact of risks. Oracle Fusion SCM can be used to simulate and model different scenarios to understand potential outcomes better. Analysis and Continuous Improvement: Analyze supply chain metrics regularly using Oracle Fusion SCM reporting and analytical capabilities. Utilize the information to optimize your processes and identify improvement areas. Resources and support for beginners in Oracle Fusion SCMOracle has a variety of certification and training programs for beginners to gain an understanding of its functionality and architecture. Oracle offers free online tutorials that cover the fundamentals of Oracle Fusion SCM and will introduce you to all its modules. You can also enroll in Oracle's online or in-person paid courses. The courses, taught by highly experienced instructors, offer an interactive learning experience that allows you to interact with software using a simulation. Oracle also offers a large library of documents, user guides, and whitepapers that can be accessed to further your understanding of the software. These resources will help you build an excellent foundation for Oracle Fusion SCM and make you a valuable company member.Conclusion In conclusion, this Oracle Fusion SCM tutorial for beginners provides a comprehensive understanding of the SCM cloud application. From the basic concepts to the advanced features, the tutorial covers everything a beginner needs to know to start the SCM cloud application. By following the step-by-step instructions and examples in this tutorial, beginners can confidently gain the necessary skills to implement and manage the SCM cloud application. With the increasing demand for SCM cloud professionals, this tutorial is a valuable resource for anyone wanting to pursue a supply chain management career.
More detailsPublished - Mon, 28 Aug 2023
Created by - Tech Leads IT
Oracle HCM Cloud Training Online: Empowering Your Workforce with Advanced Skills
A skilled workforce and a motivated team are essential to staying competitive in today's high-speed business world. Manage human resources well as businesses continue to transform into digital companies. Oracle Human Capital Management Cloud (HCM Cloud) is an integrated solution to streamline HR processes. This article explores how Oracle HCM Cloud Online Training empowers companies to achieve HR Excellence. What Is Oracle HCM Cloud?Oracle HCM Cloud provides a comprehensive human resources management solution allowing businesses to manage their workforce better. Oracle HCM Cloud, a cloud-based system for human resources management, allows organizations to manage their workforce efficiently. Oracle HCM, which is cloud-based, provides real-time HR data to be accessed by HR professionals. The importance of professional training in Oracle HCM Cloud Oracle HCM Cloud training online is a powerful tool that offers many features. However, it requires expertise to implement and use. Why professional training is important: i. Optimizing EfficiencyOracle HCM Cloud training online has a wide range of tools and modules. More efficient HR practices can result if professionals are properly trained. The training ensures users are familiar with the system's capabilities and can use it easily, maximizing efficiency. ii. Accurate Data ManagementThe accuracy of data is crucial in HR. Training helps HR teams to understand data input requirements and validation processes within Oracle HCM Cloud. The knowledge gained from this training ensures that data is managed accurately, reducing errors and enhancing data reliability. iii. Enhancing Employee EngagementOracle HCM Cloud provides self-service features for employees. They can manage personal data, leave requests, and evaluations. By training employees, HR professionals can guide them in using the self-service options effectively. This leads to an improved employee experience. iv. Compliance & SecurityHuman resources data are sensitive and subject to different regulations. The Oracle HCM Cloud trainers HR staff on data security and compliance. This information helps companies maintain data privacy and prevent potential legal issues. v. Change managementIt is not uncommon for organizational changes to be required when implementing a new system such as Oracle HCM Cloud. HR professionals receive professional training to help them develop change management skills. This helps guide their workforce smoothly through the transition. Features and curriculum of a comprehensive Oracle HCMCloud online training program The curriculum of an Oracle HCM Cloud comprehensive online training program will cover HR, payroll, recruiting, benefits administration, talent management, and reporting. It should include case studies and practical exercises to allow learners to put their new skills into practice. ✓ Oracle HCM CloudThe module provides an overview of Oracle HCM Cloud and its main features. It also discusses its importance in HR management. ✓ Core HRThis section explores core HR functions such as employee records management and organizational hierarchy. ✓ Recruitment and Talent AcquisitionThis module covers the Oracle HCM Cloud's talent management and candidate optimization. ✓ Talent ManagementThe course explores talent management and its processes, including succession planning, performance management, and career advancement. ✓ Workforce CompensationThe Compensation Management section of Oracle HCM Cloud covers salary structures and incentive programs. ✓ Benefits AdministrationThe course provides insights into administering employee benefits and managing open enrollments. ✓ Time and Labor ManagementThis module examines the time tracking, leave management, and attendance policies in Oracle HCM Cloud. ✓ Learning and DevelopmentThe learning management system includes employee training and tracking certifications, course administration, and other aspects. ✓ Reporting and Analytics for WorkforceThis section is devoted to leveraging tools for data analysis and reporting to gain insights and drive data-driven decisions. ✓ Integration of SecurityThe Oracle HCM Cloud is explored regarding its integration with other HR software and data privacy and security measures. ✓ Case Studies and Best PracticesThis module highlights best industry practices and real case studies illustrating successful Oracle HCM Cloud deployments. ✓ Change managementThis module is an essential part of Oracle HCM Cloud Training. It equips the learners with skills in change management to ensure smooth transitions. Training programs can provide professionals with a range of knowledge and skills to help them succeed in the ever-changing business world. Obtaining certification in Oracle HCM Cloud through Online training Oracle HCM Cloud has become a widely-used human resources system in many organizations. This cloud platform integrates various functions of HR, such as talent management, recruitment, and benefits administration. Oracle HCM Cloud specialists are increasingly in demand because more companies are advancing digitalization. Oracle HCM Cloud training online certifications and exercise is one way for professionals to develop expertise. Individuals can study at their speed and in any location. This is a great option for those who are busy. Numerous reputable online providers offer Oracle HCM Cloud courses covering data management, security, and system administration. By earning certifications in Oracle HCM Cloud, individuals can show their knowledge and increase their career options in human resources. How to Unlock the Full Potential of Oracle HCM Cloud through Effective Training ➊ Comprehensive Training ProgramsInvesting in training covering all of Oracle HCM Cloud's aspects is a wise investment. Search for modules that cover core HR functions such as talent management, benefits administration, performance monitoring, etc. The training should be comprehensive to ensure the HR professional has all the necessary skills and knowledge. ➋ Practice Hands-on and Simulators Oracle HCM Cloud training online proficiency requires hands-on experience. Search for programs with virtual labs or simulations that allow learners to explore the platform without risk. The practical expertise increases learners' confidence and will enable them to apply their knowledge in real-world situations. ➌ Role Based TrainingOracle HCM Cloud may be required for different HR roles. Customize the learning programs according to the role of learners, such as recruiters, talent managers, and HR administrators. The role-based approach ensures each team member gains expertise relevant to their responsibilities. ➍ Updates and Continuous LearningOracle HCM Cloud continues to evolve with new updates and features. To stay up-to-date with platform advancements, encourage HR professionals to engage in continuous learning. Regularly refresh training to ensure that your HR team is maximizing the capabilities of Oracle HCM Cloud. ➎ Training Customized to Organizational NeedsEvery organization has its unique requirements. This software is easily customizable to fit your individual needs. Customized training allows HR professionals to understand the real-world applications of Oracle HCM Cloud. ➏ Participate in Practical ProjectsEncourage the HR team to complete practical projects as part of their training. Oracle HCM Cloud could be used to solve real-life HR problems or improve processes. These projects help you better understand Oracle HCM Cloud and how it impacts HR operations. ➐ Collaboration and Knowledge SharingEncourage knowledge-sharing and collaborative learning within your organization. Encourage your HR team to share their insights and exchange ideas about Oracle HCM Cloud. The cooperative learning approach improves the overall experience and speeds up the implementation of strategies. ➑ Track Progress and PerformanceYou can track the progress made by HR staff during the training and afterward. Assess their ability to use Oracle HCM Cloud. Monitoring performance helps organizations identify areas that may require additional training or support. ➒ Recognition and CertificationAfter completing training, encourage HR professionals to obtain Oracle HCM Cloud Certification. The certification validates the HR professionals' expertise and increases their credibility within and on the job market. ➓ Leverage Training ResourcesOracle and other reliable resources provide training materials. Oracle provides official documentation, webcasts, and knowledge centers that provide additional insight and complement training programs. Conclusion: Investing in Your Success with Oracle HCM Cloud Training Online Oracle HCM Cloud can be a powerful and transformative tool for HR management within a company. To fully unleash its potential, however, it is necessary to receive professional training. The training equips HR pros with the knowledge and skills to improve operations, increase employee satisfaction, and reach organizational excellence. Investment in Oracle HCM Cloud professional training is a long-term investment that will help businesses succeed in HR.
More detailsPublished - Tue, 22 Aug 2023
Created by - Tech Leads IT
Oracle Fusion SCM Tutorial for Beginners: A Step-by-Step Guide
Are you looking to learn Oracle Fusion SCM? This comprehensive tutorial is perfect for beginners, providing valuable insights and expert guidance for mastering Oracle Fusion SCM.IntroductionYou might be overwhelmed by the complex software if you're new to Oracle Fusion SCM. Do not worry! Learn the fundamentals of Oracle Fusion SCM, its features, and how to use it. Let's begin this adventure to understand more about Oracle Fusion SCM.What is Oracle Fusion SCM?Oracle Fusion SCM is a comprehensive suite of cloud-based applications designed to manage an organization's end-to-end supply chain operations. It offers a unified and integrated solution for businesses to streamline their supply chain processes, including procurement, inventory management, order fulfilment, warehouse management, and transportation.Why choose Oracle Fusion SCM?Oracle Fusion SCM is a top-notch supply chain solution because of several factors:✓ Seamless integration: Oracle Fusion SCM provides seamless integration between various modules. This ensures a fluid flow of information and collaboration among different departments.✓ Real-Time Insights: Businesses can get valuable insight into supply chain processes by using real-time analytics and data. This allows them to optimize their operations and identify areas for improvement.✓ User-Friendly Interface: Oracle Fusion SCM's user-friendly GUI makes it simple for new users to learn the system. Scalability Oracle Fusion SCM is scalable to your growing organization's needs.✓ Innovations Continue: Oracle continuously introduces innovations and updates to improve the SCM Suite's functionality. This ensures that the users are always ahead of the game.Key Features of Oracle Fusion SCMExplore some key features of Oracle Fusion SCM, a powerful supply chain management tool:✓ Inventory ManagementOracle Fusion SCM offers robust inventory management features that allow businesses to manage and optimize inventory levels. It provides real-time inventory visibility across locations to help organizations avoid overstocking and stock-out situations.✓ Order ManagementA smooth supply chain is dependent on efficient order management. Oracle Fusion SCM allows businesses to process orders, from order capture to fulfillment, seamlessly. The software supports different order types, such as purchase orders, sales orders, and transfer orders.✓ ProcurementOracle Fusion SCM simplifies the entire procurement process from request to payment. This system automates the supplier qualification process, sourcing, and purchasing. It helps organizations to reduce costs while improving supplier relations.✓ Product Information Management (PIM).Product Information Management (PIM) allows companies to efficiently manage and centralize product information. PIM will enable organizations to ensure accurate product data is accessible across all channels.✓ Planning Supply ChainThe Oracle Fusion SCM supply chain module, allows demand forecasting, planning, and production schedules. Businesses can improve lead times by optimizing their processes.✓ ManufacturersOracle Fusion SCM provides comprehensive capabilities for businesses that are involved in manufacturing. Oracle Fusion SCM supports a variety of manufacturing processes, including discrete manufacturing, repetitive manufacturing, and job shop manufacturing.✓ LogisticsOracle Fusion SCM simplifies logistics management by optimizing transportation, tracking shipments, and managing warehouses. This ensures timely delivery and efficiency.✓ Analysis and ReportingOracle Fusion SCM offers powerful analytical and reporting aspects that allow users to get a deeper understanding of the performance of their supply chains. Dashboards and reports that can be customized empower organizations to make data-driven decisions.Understanding the basics of Oracle Fusion SCMNow that we've explored the key features of Oracle Fusion SCM training, let's dive into a step-by-step tutorial for beginners:✓ Signing Up for Oracle Cloud AccountSign up for an Oracle Cloud Account before using Oracle Fusion SCM. Follow the instructions on the Oracle Cloud official website to register. You can use the trial as a novice to learn more about the platform.✓ Accessing Oracle Fusion SCMLog in to Oracle Cloud Console once you've created an Oracle Cloud account. Select Oracle Fusion SCM from the Applications menu to access the SCM suite.✓ Navigation of the user interfaceWhen you first access Oracle Fusion SCM, take some time to become familiar with the interface. Discover the different modules, options, and menus available. Beginners will enjoy the intuitive interface.✓ Setting Up Your OrganizationYou need to gather information about your company before you can dive into SCM. You must define business units, legal entities, and many other details.✓ Managing InventoryYou will learn how to manage your inventory, make stock transfers and track the stock level using inventory reports.✓ Processing Sales OrdersCreate and manage sales orders to learn about the process of order-to-cash. Learn how to manage order fulfillment and track order status.✓ Procurement and Supplier managementFrom creating purchase requests to approval of purchase orders, learn the entire procurement process. Learn about supplier qualification and management.✓ Product Information ManagementUnderstand the importance of centralized product information and learn how to manage product data using Oracle Fusion SCM's PIM module.✓ Demand forecasting and supply planningDiscover supply chain planning features, such as demand forecasting and supply planning.✓ Production ProcessesLearn how Oracle Fusion SCM can be used by organizations that are involved in manufacturing to manage and set up different manufacturing processes.✓ Logistics and Warehouse ManagementOptimize your transportation and manage your warehouses effectively with a mastery of logistics management.✓ Reporting and analyticsOracle Fusion SCM has powerful reporting and analytical tools. Customize reports and dashboards for monitoring supply chain performance.Conclusion and next steps for beginners in Oracle Fusion SCM In conclusion, for beginners in Oracle Fusion SCM, it is important to focus on learning the basics of the software and its modules. It is important to understand the basics of the supply chain and how Oracle Fusion SCM applies them.This can be achieved by training courses, attending workshops, and practicing in a simulated environment. Familiarizing oneself with the user interface, navigation, and data entry in Oracle Fusion SCM will be beneficial in the long run.Once the basics have been mastered, exploring the advanced features of Oracle Fusion SCM is recommended. This includes learning about the various integrations with other modules, such as financials, procurement, and inventory management. Understanding the analytical and reporting features will help users make better decisions and enhance their supply chain process. Oracle Fusion SCM users will benefit from continuous learning and staying up to date with all the new updates and improvements.
More detailsPublished - Wed, 16 Aug 2023
Created by - Tech Leads IT
Oracle Fusion Technical Training: Empowering Your Career in the Digital Era
Discover how Oracle Fusion Technical Training can boost your career prospects in the digital age. This comprehensive article covers the ins and outs of Oracle Fusion, its technical training, and how it can empower you to excel in the ever-evolving tech landscape.IntroductionToday's technology landscape is fast-paced, and businesses constantly seek solutions to improve efficiency. Oracle Fusion has become a strong contender in meeting these requirements. For professionals to fully utilize the potential of Oracle Fusion, they need in-depth technical training. This article explores the significance of Oracle Fusion Technical Training and its impact on individuals' career paths.Key features and benefits of Oracle Fusion Technical TrainingOracle Fusion Technical Training offers many key features and benefits that make it an invaluable investment for individuals looking to excel in the digital era. Let's explore some of these features and the advantages they bring:Key Features:Comprehensive Curriculum: The Oracle Fusion application training is designed to cover a broad range of Oracle Fusion modules and functions.Expert Instructors: Participants are guided by experienced instructors who possess in-depth knowledge of Oracle Fusion and can provide valuable insights.Hands-on Practice: The training emphasizes practical learning, offering hands-on experience with Oracle Fusion applications and tools.Flexible Learning Options: Learners can choose from various formats, including online classes, self-paced modules, and instructor-led sessions, catering to individual preferences.Real-world Projects: Participants can work on real-world projects, applying their knowledge to solve practical business challenges.Certification Preparation: The training prepares individuals for Oracle Fusion certification exams, boosting their credibility in the job market.Benefits:Enhanced Career Prospects: Oracle Fusion Technical Training equips individuals with the skills and expertise in high demand across industries, opening up diverse career opportunities.Industry Recognition: Employers widely recognize and respect Oracle certifications earned through the training program, giving certified professionals a competitive edge.Increased Productivity: With a deep understanding of Oracle Fusion, professionals can optimize business processes, enhancing productivity and efficiency.Better Decision-making: The training lets learners leverage data analytics and reporting tools, facilitating data-driven decision-making for better business outcomes.Adaptability to Change: As Oracle Fusion continuously evolves, trained professionals can seamlessly adapt to updates and new features, staying relevant in a rapidly changing tech landscape.Networking Opportunities:Participants can connect with a community of fellow learners and industry experts, fostering networking opportunities and knowledge exchange.Personal Growth: Oracle Fusion Technical Training develops both technical skills as well as soft skills. These include problem-solving skills, communication skills, and teamwork.Global Reach: With Oracle Fusion being widely adopted by multinational corporations, trained professionals can explore job opportunities globally.Oracle Fusion Technical Training gives individuals a solid platform to acquire expertise and knowledge in advanced technology. It ensures a lucrative career path within the digital realm. These trainings benefits and key features are a good investment to help professionals succeed in today's highly competitive job market.Exploring the Oracle Fusion Technical Training CurriculumOracle Fusion Technical Training comprises a comprehensive program that provides learners with essential skills and know-how. The standard training curriculum includes the modules below:Module 1: Introduction to Oracle FusionIn this module, participants are introduced to the foundational concepts of Oracle Fusion, understanding its architecture, cloud infrastructure, and key features.Module 2: Oracle Fusion Applications OverviewHere, learners get an in-depth overview of various Oracle Fusion applications, including financial management, procurement, and project portfolio management.Module 3: Oracle Fusion MiddlewareThis segment focuses on Oracle Fusion Middleware, a vital component that facilitates communication between various applications within the suite.Module 4: Oracle Fusion SecuritySecurity is a foremost concern for any organization. This module delves into Oracle Fusion Security, covering user management, roles, permissions, and data security.Module 5: Oracle Fusion IntegrationIntegration is critical for seamless business operations. Learners explore integration techniques and strategies to connect Oracle Fusion applications with existing systems.Module 6: Oracle Fusion ReportingData-driven decision-making relies on robust reporting capabilities. This module equips learners with skills to create insightful reports using Oracle Fusion's reporting tools.Module 7: Oracle Fusion ExtensibilityTo cater to unique business requirements, Oracle Fusion allows extensibility. This module teaches learners how to extend and customize applications as per organizational needs.Module 8: Oracle Fusion ImplementationImplementing Oracle Fusion requires meticulous planning and execution. This module provides a step-by-step guide to successful implementation.Certification and career opportunitiesObtaining certifications for Oracle Fusion Technical Online Training is necessary for professionals who want to advance in the tech world.Oracle Fusion Consultant: Certified consultants work closely with clients to implement and customize Oracle Fusion applications according to their business requirements. They analyze processes, configure solutions, and provide training and support.Oracle Fusion Analyst: Fusion analysts focus on data analysis, creating insightful reports, and identifying trends to support strategic decision-making within an organization.Oracle Fusion Developer: Developers use their technical expertise to create customized extensions and integrations, tailoring Oracle Fusion applications to meet specific organizational needs.Oracle Fusion Administrator: Administrators manage user accounts, security, and system configurations within the Oracle Fusion environment.Project Manager: Certified professionals with project management skills can lead Oracle Fusion implementation projects, ensuring successful delivery and seamless integration.Business Analyst: Fusion-trained business analysts bridge the gap between IT and business departments, understanding and translating business needs into technical requirements for Oracle Fusion solutions.Cloud Solutions Architect: Certified architects design and oversee the implementation of Oracle Fusion solutions, ensuring scalability, security, and best practices are adhered to.Data Migration Specialist: Experts in data migration handle the seamless transfer of data from legacy systems to Oracle Fusion applications, ensuring data integrity and accuracy.ConclusionOracle Fusion Technical Training is a gateway to unlocking a world of opportunities in the tech industry. Its comprehensive curriculum and emphasis on hands-on experience prepare individuals to meet the evolving demands of businesses worldwide. By harnessing the power of Oracle Fusion, you position yourself as a valuable asset in the digital era, capable of driving innovation, growth, and success.Frequently Asked Questions1. What are the prerequisites for Oracle Fusion Technical Training?Prior experience in IT, database management, or enterprise application implementation is beneficial. Familiarity with cloud computing concepts is also advantageous.2. Is Oracle Fusion only suitable for large enterprises?No, Oracle Fusion caters to businesses of all sizes. Its modular structure allows scalability, making it equally viable for start-ups and established enterprises.3. Are Oracle certifications essential for career growth?While certifications are not mandatory, they significantly enhance your credibility and marketability in the tech industry.4. How does Oracle Fusion differ from traditional ERP systems?Unlike traditional ERP systems, Oracle Fusion is entirely cloud-based, offering real-time data access, enhanced security, and seamless scalability.5. Can Oracle Fusion integrate with legacy systems?Oracle Fusion provides various integration options, ensuring smooth integration with legacy systems.6. Is hands-on experience crucial for mastering Oracle Fusion?Hands-on experience is invaluable for gaining expertise in Oracle Fusion. Practical training allows learners to apply theoretical knowledge in real-world scenarios.
More detailsPublished - Mon, 07 Aug 2023
Created by - Tech Leads IT
Advance Your Career with Oracle Fusion SCM Training in Hyderabad
In today's fast-paced business world, staying ahead of the curve is essential to succeed in your career. One of the most effective ways to do this is by acquiring new skills and knowledge through training programs. We aim to give you detailed information and insights about Hyderabad's Oracle Fusion SCM Training. As experts, we understand the value of high-quality content and strive to provide valuable information for readers.Introduction to Oracle Fusion SCMOracle Fusion SCM, a suite of cutting-edge applications, empowers businesses to optimize their supply chain, improve inventory management, boost procurement, and provide exceptional customer experience. Oracle Fusion SCM is a cloud-based SCM that has become incredibly popular among companies looking for efficiency, transparency, and scalability.The Benefits of Oracle Fusion SCM TrainingLearn more about the advantages of Oracle Fusion SCM in Hyderabad and what it can do for your career.✓ Cloud SCM Applications: Mastering SCM Cloud ApplicationsOracle Fusion SCM Training allows you to maximize the potential of SCM Cloud Applications and easily manage supply chains. You'll learn to manage SCM in various ways, from tracking inventory to automating the procurement process.✓ Leveraging Advanced AnalyticsOracle Fusion SCM includes advanced analytics, which empowers you to make data-driven decisions. Discover how to read and interpret KPIs and optimize supply chain operations for a competitive advantage.✓ Enhancing collaboration and visibilitySuccessful supply chain management is based on collaboration. Oracle Fusion SCM helps foster cooperation among stakeholders, partners, and suppliers. This leads to increased visibility throughout the supply chain.✓ Best Industry PracticesThe Oracle Fusion SCM courses in Hyderabad focus on industry best practices and equip you with the knowledge to help you implement strategies and methods proven to work.✓ Why Choose Hyderabad for Your Training Needs?Hyderabad is a great place to learn Oracle Fusion SCM. It offers many compelling reasons for those looking to improve their skills in supply chain management.✓ A vibrant IT Ecosystem: Hyderabad's IT ecosystem attracts tech enthusiasts and future professionals. It is home to many multinational companies, software development centers, and startups. This creates an atmosphere conducive to cutting-edge technology learning.✓ Best Training Institutes: Hyderabad is home to several top-notch training institutes that are experts in Oracle Fusion SCM. The institutes have state-of-the-art equipment and highly-qualified trainers to ensure a quality learning experience.✓ Faculty with Industry Experience: Many Oracle Fusion SCM Training Centers in Hyderabad have instructors with extensive experience within the industry. Students can gain valuable insights from professionals who have real-life experience.✓ Networking Opportunities:Hyderabad offers ample opportunities to network with students. Attending seminars and tech meet-ups and interacting with professionals in the industry can lead to an exciting new career.✓ Training by Hands-On: Oracle Fusion training in Hyderabad focuses on hands-on experience. The students have access to simulations, practice labs, and other tools that allow them to put their theoretical knowledge into action.✓ Placement Aid: Many training institutes offer students in Hyderabad placement assistance upon course completion. The support provided can improve job prospects and make the transition from school into the workplace easier.✓ Affordability: Hyderabad has a low cost of living compared to many other metropolitan areas. The cost of living in Hyderabad is affordable compared to other major metropolitan cities.✓ Rich Cultural Heritage: Hyderabad's rich culture provides an ideal backdrop to learning. It can be refreshing to take a break from intense training by exploring Hyderabad's historical sites and traditions.✓ Job Opportunities: Hyderabad is home to many global tech companies, and there's a great demand for Oracle Fusion SCM experts. The training in Hyderabad makes individuals more appealing to employers.✓ Quality of Life:High Quality of Life Hyderabad has a modern infrastructure with excellent healthcare and pleasant weather. The conductive learning environment in Hyderabad contributes to positive, focused, and successful experiences.Course curriculum and trainers in Oracle Fusion SCM trainingOracle Fusion SCM is a cloud-based, advanced solution for supply chain management that allows businesses to optimize their processes. The comprehensive toolset will enable organizations to improve their logistics, procurement, inventory, and order management operations. To maximize the Oracle Fusion SCM benefits, experienced trainers must properly train you.i. Supply Chain Management Overview: A look at supply chain management and its role in today's businesses.ii. Oracle Fusion SCM Overview An introduction to Oracle Fusion SCM and its features.iii. Inventory management: Understand inventory control, safety stocks, reorder points, and efficient stock level management using Oracle Fusion SCM.iv. Cloud Procurement: Learn the procurement process and learn about supplier management, procurement contracts, and sourcing, as well as Oracle Fusion SCM Cloud Applications.v. Order management: Manage the order fulfilment process from start to finish, including order capture and orchestration.vi. Product Management Lifecycle: Explore product development, ideas, innovation management, and product data with Oracle Fusion.vii. Transportation and Logistics Management: Understand logistics operations, transport planning, freight management, and logistics analytics with Oracle Fusion SCM.vii. Oracle Fusion SCM Cloud Applications: Learn warehouse optimization and space usage, as well as picking, packaging, and shipping.viii. Planning and Manufacturing: Understand the manufacturing process and production planning using Oracle Fusion SCM.ix. Analytics for Supply Chains: Use advanced analytics tools to monitor key performance indicators, make data-driven decisions, and find optimization opportunities within the supply chain. Oracle Fusion SCM trainers should be well-versed in the supply chain. Trainers should be familiar with the functionality of Oracle Fusion SCM, and they must have the ability to communicate complex ideas in simple language. They should also have good communication skills and engage the learners well. Trainers must also have up-to-date knowledge of the latest supply chain trends. A well-designed curriculum and experienced instructors are necessary for students to acquire the skills and knowledge they need to use Oracle Fusion SCM effectively and improve their company's supply chain efficiency.Job opportunities after completing Oracle Fusion SCM training in HyderabadOracle Fusion SCM consultants are one of the best career options after you complete your Oracle Fusion SCM course. You will also be required to provide support and training. You can also explore other job options, such as supply chain analyst and planner. You can also aim to reach senior management roles such as chief procurement officer or supply chain director with the appropriate skills and experience. In the next few years, there will be a growing demand for Oracle Fusion SCM professionals. This is a rewarding career for anyone who invests in their training.Get Started Today!Now that you have a glimpse of what Oracle Fusion SCM Training offers, it's time to take the first step toward an enriching career in supply chain management. Enroll in our course and equip yourself with the skills businesses worldwide seek. Join us and unlock the endless possibilities that Oracle Fusion SCM Training inHyderabad offers!
More detailsPublished - Mon, 07 Aug 2023
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Oracle Fusion HCM Modules & HCM Functions
Below are the potential HCM/ Typical HR Activities to manage in the Oracle Fusion HCM Application.We are having promising faculties to teach Oracle Fusion HCM Training from every corner of the application features from basic to advanced, once attend the demo and enjoy the experience of learning. Onboarding Payroll Benefits Absence Management Workforce Modeling and predictions Workforce Directory Potential HR FunctionsEach activity has its own significance and will walk you through this.Onboarding:The onboarding process gets initiated after the HR team identifies the right candidate for the right job. In this process, the HR team will introduce the company policies, values, culture, vision, etc. During this activity, employees will get to know when did this company establish. Where did it get started (Location)? What are the company's core strengths such as IT, ITES, etc? This is the foundation step for all employees who will admire and strive to achieve organizational Goals. In this program, employees can raise any questions related to company activities and compliance, etc. The HR team will introduce a management hierarchy with respect to each department. Based on this, the employee will communicate concerned team to resolve any queries. Payroll:Generating employee payroll is a key function of the HR consultant to consider a lot many factors like company policies/ statutory compliances/ country taxation policies etc. certainly all these calculations/formulas can be written in the application according to various scenarios and situations in the Oracle Fusion HCM Online Training instructor is very capable to explain all these aspects and delivers the training to accommodate various scenarios of the clients. This payroll module implementation is key for any successful project delivery hence all the students have to gain a lot of skill sets through real-time coaching from experienced instructors.Benefits:Employer provides additional benefits other than the agreed compensation to all employees such as Health insurance, Gratuity, Incentives etc. When it comes to Health insurance, most companies provide insurance to the employee along with their family members (1+3). In some cases, if an employee wishes to add another family member to this health insurance, he/she needs to pay an additional premium. This is an added advantage for all the employees who have more dependents. The employee will be eligible for Gratuity when they complete service for more than 5 years. Gratuity is calculated based on the last month salary and the number of years service. Incentives will be decided based on the employee role. Employer initiate this incentive program to improve productivity and client satisfaction. Employees receive this incentive by each month or year. Majority of the companies insist to improve employee knowledge by undergoing some training which will be reimbursed based on the company policies. This will enhance employee skills and produce more than expected results.Absence Management:Does this module talk about how many PTOs (Paid Time Off) can be utilized by each employee? In general, all employees in one organization follow the same structure irrespective of designation or department where they worked. However, it will be different for Consultant and Permanent Employees. The organization needs to follow government instructions before providing Leaves details with employees. These PTO’s are broadly categorized into Casual Leaves, Privileged Leaves, Sick Leaves, Optional Holidays (Self Birthday, Spouse Birthday and Marriage Anniversary, etc), and Bereavement leaves (this is applicable for employee’s parents or in-laws' demise). Before employees consume any PTO’s, he/she needs to take prior approval from either their immediate supervisor or the HR department. Workforce Modeling and Predictions:Based on the requirement, organizations hire employees as FTE (Full Time Employees), Contingent workers (Consultants). After hiring any employee, the HR team will assign a position and department that they need to work on. When it comes to the contingent worker, he/she considers a part-time employee and once the project gets finished, the HR team will assign them to another project. Otherwise, they will be retired from the organization. In workforce modeling, SLT (senior leadership Team) identifies who is working on different projects and how much revenue they are generating from each project, and how much we are spending (Employee compensation). Based on this information, they can easily understand the significance of each department's potential strengths and weaknesses. Before SLT make any changes in the workforce model such as changing employee department and designation, they will do a what-if analysis. Does it mean that what will be the expected outcome when we move an employee from one department to another department? Does it give meaning and full value to the organization or client? Let’s assume that employee A is working in the same organization for the last 15 years on different projects. Before the SLT team move him into a critical project, they will look into his historical performance (Appraisal ratings) and client feedback and predict his performance in a future project.Workforce Directory:Let’s assume that we wanted to know Mr. Ravi Kishore's details such as where he is working, his designation, immediate supervisor, and contact information. In such a scenario, we can’t ask every time to Human resource department to get these details. Hence, the Human Resource team load all employee-related information in a system which is called the Workforce directory. By using this directory, we can easily get to know all employee details. This will be useful for employees as well. Let’s say an employee is going on vacation, he/she can update this information in his directory to let others know that will be on leave from date to To date and contact another person for any quick work. Employees can acknowledge their colleague's accomplishments. With the help of the workforce directory, we can easily pull organization charts like Mr. Ravi Kishore's immediate supervisor and subordinates as well as peers. At the same time, we can get to know his position and working department. End Note: If you’re really serious about your carrier shake hands with us and join the most promising Oracle HCM Training with us from the exceptional senior trainers and upgrade your knowledge to make difference in the emerging world. Thanks for your time and interest in reading through the whole concept, hope we made an impact! See you next time, thanks – Tech Leads IT Team.
More detailsPublished - Mon, 28 Nov 2022
Created by - Tech Leads IT
Oracle Fusion Financials Interview Questions and Answers
We are a group of professional trainers working on Oracle Fusion Applications for the last 20 years and we have prepared below Oracle Fusion Financials Training Interview Questions to the best of our knowledge, we will keep on adding new questions to our blogs on all the modules, we encourage you to refer/read to the new topics will be adding in the future. We have prepared Oracle fusion financials Accounts Payable module interview questions and below is the list, if any corrections are required please post your feedback in the comments sections.Top 20 Oracle Fusion Financials Interview Questions and Answers1. How many types of flexfields are available in Oracle Fusion Ans: AllKey DescriptiveExtensible 2. Where do we create the Chart of accounts in FusionAns: Accounting flexfield 3. What is the difference between Key and Descriptive flexfieldAns: KFFUnique identifierStored in segment Column DFFIs used to capture additional informationStored in attribute Column4. Can we create/update currency manually in fusionAns: No, we cannot update/Create manually. We can load only though Create daily rates ADFDI sheet5. What is the use of accrual in PayablesAns: Upto invoice is created, liability is recorded in Exp AP Accrual account or Inv AP Accrual Account. When invoice is matched against a PO/Receipt, AP Accrual is relieved and Liability will get accrued in Payables. Once invoice is paid, liability is relieved.Hence in invoice, the accounting entries would beDuring Invoice entryAPAccrualA/C-Dr (Expense A/C in case of Expense Reports)LiabilityA/C-CrDuring Payment,Liability A/C - DrBank/Cash A/C – Cr 6. What are the major key changes in Fusion GL when compare to EBSR12Ans:· Chart of account Structure instance· Primary, Secondary and Third balancing segments· Hyperion tool FRS replaces FSG 7. What is the setup from GL module to get the COA segments details to FRSAns: BI Enables option at Chart of accounts structure instance 8. Name 4 dimensions in ESSBASE Cube other than Chart of account segmentsAns: LedgerCurrency typePeriod typeCurrency9. If entry is coming from sub ledger module, what are the possibilities it will not balance with GLAns: Manual entries, Data not posted to GL or any data corruption10. Can we update journal from subledgers?Ans: Yes by disabling option freeze journal at Journal source11. User was not able to drill down from GL journal to subledger transactionAns: At journal source level, we need to enable import transaction reference12. When we need Cost center segment label to be enabledAns: When you are using Fixed assets and Projects13. Can we make payment in different currency than invoice currencyAns: Yes, we can change currency at the time of payment.14. Basic setups to complete PaymentAns: Bank, Bank branch and Bank AccountPayment documentsPayment process profilePayment formatPayment process request template(Optional) 15. Roles and configuration to create the suppliersAns: Business unitProcurement AgentSupplier manager roleData access for supplier role 16. Can we run reconcile Payables to ledger reconciliationAns: No, we need to run Prepare Payables to General Ledger Reconciliation job before running the Payables to ledger reconciliation17. Most common master data migration process in fusion applicationAns: Most common option is using FBDI approach18. Can we create a customer account/Site using a common Address set?Ans: No, we cannot. We need either use the Enterprise set or custom RDS19. How to derive the revenue account from Inventory itemAns: At auto account, we need to select a standard line to get the revenue account from an inventory Items sales account using the order orchestration process20. Can we create self-approval limits for Receipt write offAns: No, You cannot. We need to create from a different user. We also discuss these interview questions during our Oracle Fusion Financials Online Training sessions and will make students to be ready to face the interview from beginner to experienced level.All The Best, Tech Leads IT
More detailsPublished - Fri, 23 Sep 2022
Created by - Tech Leads IT
Oracle Fusion Financials Training & Certification –All You Need To Know
Overview of Oracle Fusion Financials:Oracle Fusion financials is the leading cloud-based service that endeavors automated financial management intended to automate and control the financial flow from an end to end management costs for not only mid-sized organizations but enterprise-level customers as well. To simplify a company’s financial decisions and increase effortless productivity, Oracle Fusion Financials allows users with a broad range of suites to abide by general ledger, accounts payable & receivable management, fixed assets, expenses, and cash management as well as centralized accounting, tax payment, and intercompany engines.Key Features:Here are the key features of oracle fusion financials:● Multi-dimensional reporting: a database that generates financial statement reports that can retrieve through excel sheets● Role-based dashboards: helps in combining the user navigational functionalities into one that reduces the clicks a user has to do for a task● Extensive spreadsheet integration: supports excel sheets which can create customer/user receipts in different modules such as general ledger & banking setups.● Embedded Oracle Transactional Business Intelligence (OTBI): this is an internal reporting tool that guides user decisions like financial management including receivables, payables, etc.● Infolets and Infotiles: mini dashboards that provide detailed information regarding the customized flow & can be hidden or enabled according to the user preference.● Imaging integration for Payables: Oracle provides a technology that converts a finance report or an invoice based on an image. A document with extensions of JPEG, PDFBenefits of Oracle Fusion FinancialsOracle provides the financial cloud with various potential business benefits such as the application being Economical which says low maintenance, Flexibility to change with new industry conditions, drastic reduction in errors, maximum security pairing, and guaranteed up-to-date testing scenarios.Who should go for the Oracle Fusion Financials Training?Anyone fresher graduate or a candidate from a finance background with graduation eligibility can go for the cloud-based Oracle fusion financial training but most preferably & useful for the students, already working employees who are seeking a better career - growth opportunity like Chartered Accountant, MBA in finance, ICWA, B.com, banking & finance management, etc. will have fab opportunities in your hands. Scroll down to the best career opportunities for Oracle Fusion Financials training.Career Opportunities for Oracle Fusion Financials:Just a word ‘Lots of’. A technology with a never-ending requirement will have to search for more manpower for the mid-level to top-tier companies. One of such technologies is Oracle Fusion Financials Cloud. Getting trained with this irreplaceable application will have a load of opportunities with the top MNCs like IBM, Accenture, Microsoft, Oracle, TCS, HP & Cognizant etc., are the much-awaiting companies to give the opportunities & with better packages to grow your careers in the financial sector.How to learn oracle fusion finance?Learning something related to technology with extensive support from a particular module or an institution is much more important, especially for a financial management cloud like Oracle Fusion.The IT world is growing on its extreme levels whereas emerging & new technologies are being introduced on a daily basis. Having the awareness or learning about these core technologies is as important as the other cloud applications. But, here the question is where to get to know all the information/training? In brief, we suggest you get all the answers to your questions at one place “Tech Leads IT”Tech Leads IT provides you with the necessary training that will make you get ready with their real-time examples. Here is a quick establishment about Tech Leads IT’s Oracle Fusion Financials Online training.Oracle Fusion Financials Certification & Course Completion CertificateAfter completion of the course, we will issue a course completion certificate from our learning portal which be downloaded and used while applying for the jobs.You can also appear for Oracle certification for each module under the fusion financials suite but all the modules certification is not required, you can chose which module you are good at and complete 1 or 2 module certifications for major modules like General Ledger, and Accounts payables & Account receivables.Oracle Fusion Certification Validity Period?Every year in the month of June Oracle is releasing new exam codes for every module, each certification that you are holding is valid for 18 months hence for every 18 months you should appear for new certifications released by Oracle.Every new exam contains questions related to the latest features and changes released by Oracle in recent times hence Oracle is enforcing every employee should upgrade their skill set on the product.It is always suggested to learn the new features released by Oracle to be familiar with the changes in the product in terms of bug fixing, new functionalities, and changes in the existing application behavior.In the emerging world of the business, each individual should be ready to face any sort of requirements to align applications to the utmost client satisfaction which needs adoption to the latest application capabilities.Oracle Fusion Certification is really important to complete?Yes, it is quite important to hold certification and completing new certifications released by Oracle. Oracle Fusion Certification definitely provides weighted to the profile, showcasing your ability while applying for a job. Oracle mandated every company to hold certified resources across all the modules.Why Choose Tech Leads IT for Oracle Fusion Financials TrainingTech Leads IT is having a structured algorithm for providing essential training with a detailed flow of the oracle financial cloud. The foremost reason to choose Tech Lead IT is the precise curriculum for day-to-day operations involved in the Oracle Fusion Financial Training. They cover everything from financial management to expenses management, Financial reporting, Tax Management, etc., by the oracle-certified trainer. Tech Leads IT also provides 100% placement assistance to all level employees including freshers. They have sophisticated tie-ups with tier 3 companies where you can acquire a handful of job opportunities of your choice
More detailsPublished - Sun, 31 Jul 2022
Created by - Tech Leads IT
What is Oracle Fusion HCM (Human Capital Management Cloud) ?
Oracle Cloud Human Capital Management, a cloud-based software suite that allows HR to provide end-to-end solutions for managing every stage of an employee's life cycle, is available from hiring, onboarding, and promotions. Oracle HCM Cloud implementation allows enterprises to make smarter, faster, and more strategic business decisions. This ensures a consistent experience across devices and enables one source for truth for HR data to improve decision making. It also empowers you to use market-leading innovation to meet your current and future needs.What's the future for Oracle Fusion HCM cloud in the future?Oracle's brand weight results in customer attraction and long-term viability.Oracle Fusion HCM expands customer options by featuring more options for HR deployment. This allows customers to choose the best model that suits their business objectives.HCM Cloud is a powerful ERP solution to the employee lifecycle management. This allows you to maximize the potential of your employees and your business.Oracle Fusion HCM Cloud is high on expectations and has a bright future.The Human Capital Management Cloud offers many benefits1. Manage Top Talent in Competitive EnvironmentToday, businesses are focused on retaining and recruiting top talent. HR must ensure that it gathers and publishes data that will help in managing talent and answering organizational needs.Oracle cloud-based HCM can be used to engage employees, track/set their expertise, certifications and interests, as well as automate report conversion. Cloud-based solutions allow HR departments to boost real-time hiring and evaluate internal talent in line with business priorities.2. Navigate Change in HR ResponsibilitiesHR professionals must be better at delivering data, be more strategic decisions, and add business value. These tasks are often difficult to complete in a timely manner and in a cost-effective way. Cloud-based HCM systems allow HR to perform daily tasks such as processing time-off requests, awarding promotions and facilitating management efforts.The role of HR in strategic business decisions is becoming more important. Oracle HCM provides powerful business intelligence and can quickly answer any questions that managers may have.3. Cost BenefitsCloud-based applications can bring significant cost savings to your business. Oracle cloud HCM systems offer greater flexibility, scalability and efficiency than any on-premise solution. Major upgrades can be costly and complicated for traditional HR systems.This can frustrate both executive sponsors and end users. Cloud-based systems simplify IT for your company, as you only pay what the business needs. HR departments can reduce their dependence on IT departments.4. Increase HR outputOracle HCM cloud solutions offer a platform to migrate BI tools and provide self-service options that lower labor costs. This has the overall effect that HR can deliver more value to the business.Easily ScalableThe database can be used by organizations to meet their current needs. They also have the ability to expand it as their business grows.Less MaintenanceThe IT department can be less dependent on HR departments. Reduced dependence allows IT staff to concentrate on more important problems. This frees up time for HR personnel to provide their services uninterrupted with the tools they require.Oracle HCM offers tools that enhance international recruitment processes with deep analytics. It allows seamless talent sourcing, where HR can use data to quickly and efficiently attract the best talent.Oracle HCM Cloud Features and FunctionsThe full capability report allows us to examine feature-by-feature Oracle HCM Cloud coverage across six modules. Modules that contain a total 1,430 functions and features. Let's see how Oracle compares with the market average for each of these modules.Acquisition of talentOracle HCM Cloud covers 92% Talent acquisition functions. This is a remarkable feat considering other HCM software covers average 74% characteristics for this module. It results in an obvious advantage for Oracle HCM Cloud.Core HROracle HCM Cloud in Core HR covers 93% features and functions. Oracle software has a slight, but noticeable advantage over other software solutions that offer 84% of the characteristics in this module. Oracle HCM Cloud is an option for Core HR modules. It is however not the most efficient. This module is covered 100% by the top competitor.Talent ManagementOracle HCM Cloud supports 90% Talent Management attributes. The Oracle solution is significantly ahead of the rest in this area.Workforce ManagementOracle HCM Cloud provides 88% coverage for Workforce Management functions and features. This coverage is exceptional and significantly exceeds the 72% average of its competitors.Employee self-serviceOracle HCM Cloud supports 97% functions in this module. This is a remarkable feat considering that other HCM solutions only cover 83% of employee self-service functions. It also gives Oracle software a significant advantage.Product TechnologyOracle HCM Cloud covers 82% Product Technology characteristics. The Oracle software has an obvious advantage, as other HCM software suites have an average of 63% of the functions and features.HCM Cloud CareerOracle Human Capital Management (HCM), a cloud-based platform, provides a complete solution to manage employee data, from their entry into an organization to their exit. HCM helps managers and top executives make informed decisions about employee performance, promotion, increments and succession planning. The platform includes an HR suite, talent management and workforce management as well as payroll management. The HCM platform allows HR to organize and collate talent profiles. You can also assign employees development goals. Modules in the talent management suite cover learning, performance management and succession planning. HR can keep track of attendance and leave times using the workforce management suite. It includes modules that can be used to plan the workforce and ensure safety and health.Oracle Fusion HCM certification will give you an edge when applying for HRD jobs. This software is great for your career advancement if you are already employed in this department. This software can be used to enhance your work performance and enable you to maximize its potential. This software platform will be easier to manage if you have the confidence and knowledge.Online training in Oracle Fusion HCM Cloud is available for both graduates and professionals. This training will equip you with the knowledge and skills necessary to use Oracle Fusion technology. For those looking to advance their careers in HRD, the Oracle Fusion HCM training program is a great option.Why Tech Leads IT is the best choice to learn HCM Cloud?Tech Leads Oracle HCM Cloud Training course and Fusion HCM Course are designed to teach you how to use the basic learning tasks within Oracle HCM Cloud.Oracle HCM cloud training equips you with the knowledge that will give you an advantage over your peers. This course covers the basics of Oracle HCM such as functional setup manager, geographies, Enterprise HCM and position synchronization. It also includes legal address and grade rates. The Oracle Fusion HCM training provides a practical understanding of absence plans, rate elements and donation plans. It also includes industry-based scenarios and real-world projects.These will be combined with the ability to manage HR administrative functions such as payroll, compensation, time and labor. To become a successful Oracle HCM consultant, enroll in our Oracle Fusion HCM Online Training.
More detailsPublished - Sun, 24 Apr 2022
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