1 Obligation Overview
In the Obligation window you can create, edit and view obligations. An obligation can be received from a partner or supplier, and contains the expenses typically incurred for the movement and handling of goods. An obligation does not include the cost of the goods.
You can choose which expenses should be included in the actual landed cost calculation. For obligations entered at the Purchase Order header or Purchase Order/Item level, you can allocate each cost component to one or more locations. After entering the details of the obligation, you can set the status of the obligation to Approved.
If Trade Management is being used to import costs, it is assumed that all locations have the same cost value for an item. However, if the cost of the items that are being imported do vary by location, Trade Management will convert the cost values to an identical weighted average cost.
As commercial invoices are received from trading partners and suppliers, they can be recorded in the obligations module. The expenses can be recorded at a variety of levels. The levels are:
- Trans Container
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Applies to a unique shipment and container combination.
- Trans Container PO
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Applies to a unique shipment, container and purchase order combination.
- Trans Container PO/Item
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Applies to a unique shipment, container, purchase order, and item combination.
- Trans BL/AWB
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Applies to a unique shipment and bill of lading or air waybill combination.
- Trans BL/AWB PO
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Applies to a unique shipment, bill of lading or air waybill and purchase order combination.
- Trans BL/AWB PO/Item
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Applies to a unique shipment, bill of lading or air waybill, purchase order, and item combination.
- Trans Vessel/Voyage/ETD
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Applies to a unique shipment.
- Trans Vessel/Voyage/ETD PO
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Applies to a unique shipment and purchase order combination.
- Trans Vessel/Voyage/ETD PO/Item
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Applies to a unique shipment, purchase order, and item combination.
- Purchase Order Header
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Applies to a unique purchase order.
- Purchase Order/Item
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Applies to a unique purchase order and item combination.
- PO Trans Vessel/Voyage/ETD
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Applies to all transportation records associated with a unique purchase order.
- Customs Entry Header
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Applies to a unique customs entry.
- ASN Shipment
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Applies to an ASN.
- ASN Purchase Order
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Applies to a unique ASN and purchase order combination.
- ASN Container
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Applies to a unique ASN and carton combination.
Each shipment is designated by a unique combination of vessel, voyage, and estimated departure date. For obligations at the purchase order header and purchase order/item level, you can allocate costs to one or more locations.
When the obligation is complete, you can approve the costs. The costs are transmitted to the actual landed cost module. If you have access to the Oracle Retail Invoice Matching product, non-merchandise invoices are created automatically from approved obligations.
The Obligation window contains the following sections.
