As promised, here is a discussion on bulk binding and other misc performance tuning tips. The goal of bulk binding is to reduce the amount of times Oracle has to do a context switch between the PL/SQL and SQL engines.
There are two directions that bulk binding operates in. The first is when you want to put the data from a collection into the database. To do this you employ the FORALL statement. It will make the whole collection of elements be transferred to the database with one SQL context switch.
The converse bulk binding technique is when you have data in the database you want to extract into a collection. This is where you use BULK COLLECT INTO a collection. Again the PL/SQL engine only has to make one switch to the SQL engine.
Here are some other ways to make PL/SQL run fast. Take advantage of the short circuit evaluation of expressions. If you know one part of an IF statement is sufficient for the whole decision, and this part occurs often, put that as the first check in your IF statement. Oracle will skip the rest of the checks for you. Another feature you can enable is inline subroutines. Instead of having your code jump to a separate subroutine, Oracle can place the full code of the subroutine right in your function/procedure. This can be controlled globally with the PLSQL_OPTIMIZE_LEVEL parameter, or done a line at a time with PRAGMA INLINE.
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