Purpose of po ,O2C cycle, P2P cycle discussion, debit memo, credit memo, inventory topics

Question

Accepted Answer

Discussion on PO, O2C cycle, P2P cycle, debit memo, credit memo, and inventory topics for Oracle SCM Functional Consultant role.

PO (Purchase Order) is a document used to request goods or services from a supplier.
O2C (Order to Cash) cycle involves the entire process from receiving an order to receiving payment.
P2P (Procure to Pay) cycle involves the entire process from identifying a need to paying the supplier.
Debit memo is a document used to request a credit from a supplier for goods or services that were overcharged or not received.
Credit memo is a document used to issue a credit to a customer for goods or services that were returned or overcharged.
Inventory topics include inventory management, inventory valuation, and inventory control.

Interview Questions Asked to Oracle SCM Functional Consultant at Other Companies