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Oracle Sourcing Process

The document discusses Oracle Sourcing, an enterprise application that improves strategic sourcing effectiveness and efficiency. It lists key features such as two-stage RFP evaluation, automatic supplier shortlisting, flexible payment terms negotiation, and multi-round price enforcement. Key benefits include dramatically reducing supply management costs, enabling sourcing of more spend at lower costs, and ensuring long-term savings through consistent execution and compliance. The sourcing process and dependencies on other Oracle applications like Purchasing, Contracts and General Ledger are also summarized.

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Padmanabha Narayan
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© Attribution Non-Commercial (BY-NC)
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Download as XLS, PDF, TXT or read online on Scribd
921 views

Oracle Sourcing Process

The document discusses Oracle Sourcing, an enterprise application that improves strategic sourcing effectiveness and efficiency. It lists key features such as two-stage RFP evaluation, automatic supplier shortlisting, flexible payment terms negotiation, and multi-round price enforcement. Key benefits include dramatically reducing supply management costs, enabling sourcing of more spend at lower costs, and ensuring long-term savings through consistent execution and compliance. The sourcing process and dependencies on other Oracle applications like Purchasing, Contracts and General Ledger are also summarized.

Uploaded by

Padmanabha Narayan
Copyright
© Attribution Non-Commercial (BY-NC)
Available Formats
Download as XLS, PDF, TXT or read online on Scribd
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Oracle Sourcing and Sourcing Optimization

Key Features
Two Stage evaluation of RFP Support for Two Stage RFQ surrogate bids Automatic knockout of suppliers from shortlist Support for contracts with complex payment terms Collaboration team member messaging Staggered closing of lines Catalog negotiation Very large auction support Flexible document styles Multi-round price enforcement Position hierarchy approvals Multi-Org Access Control Supplier scorecard Sourcing dashboard Professional Buyers Work Center Prospective supplier registration Supplier response PDF

Key Benefits

ORACLE SOURCING IS THE ENTERPRISE APPLICA Improves the effectiveness and efficiency of strategic s Dramatically cuts all supply management costs. Enables buyers to source more of the organizations sp Creates immediate savings through rapid deployment Ensures long-term savings with consistent execution a

Cut Costs with Online Collaboration and Negotiation Source More of Your Spend
Exploit More Sourcing Opportunities Slash Cycle Time with Online Negotiations Make Faster Award Decisions with Online Bid Comparison and Award Rules

Source for Lowest Total Cost


Improve Sourcing Results with Cross-Functional Collaboration Leverage Best Practices with Sourcing Knowledge Capture Increase Savings with Complete Bid Package Analysis & Optimization

Create Immediate and Long-Term Savings


Start Saving Immediately with Rapid Deployment Achieve Rapid ROI through Open Competition Realize Long Term Savings with Consistent Execution and Compliance

G IS THE ENTERPRISE APPLICATION THAT eness and efficiency of strategic sourcing. supply management costs. urce more of the organizations spend at lower total cost avings through rapid deployment vings with consistent execution and compliance

Sourcing Process
Supplier Management Sourcing Document Management Create Invitation Negotiation Event/ Negotiation Management
Create, Edit, Update Negotiation Review, Approve, Publish Negotiation Manage Team Collaboration Sourcing Discussions

Negotiation Analysis/ Response Scoring/ Sourcing Optimization

Award Negotiation

Purchasing Documents to initiate Procurement

Sourcing Inquires, Sourcing Intelligence Reports

Manage Draft Sourcing Documents Manage Sourcing Document Templates Sourcing Contract Terms and Deliverables

Supplier Performance Supplier Scorecard

Dependencies
Mandatory :
Oracle Purchasing Oracle Contracts Oracle General Ledger Oracle Human Resources Oracle Workflow Oracle XML Publisher

Conditional :
Oracle Sourcing Oracle iSupplier Portal Oracle E-Record

Sourcing Process Steps :


Supplier Management Manage Draft Sourcing Documents Manage Sourcing Document Templates (Sourcing Contract Terms and Deliverables) Create Invitation Create/ Edit/ Update Negotiation Negotiation Review Negotiation Approval Publish Negotiations Negotiation Event Negotiation Management (Unseal Sealed Negotiations, Unlock Sealed Negotiations) Sorcing Discussions Manage Team Collaboration Negotiation Analysis/ Response Scoring Award Negotiations Award Others' Negotiations Sourcing Inquiries Negotiation Intelligence Report Sourcing Intelligence Report

Oracle Sourcing Business Flows


1) Creating new documents using Demand Workbench
Oracle Purchasing Oracle Sourcing
Oracle Purchasing

Requisition Pool

Demand Workbench

Manage Draft Sourcing Documents

Finalise Creation Process

Receive Responses

Award Negotiation

Standard PO/ Blanket PA/ Contract PA

2) Creating new documents from existing Blanket Purchase Agreements


Oracle Purchasing

Oracle Sourcing

Oracle Purchasing

Existing Blanket Purchase Agreements

Manage Draft Sourcing Documents

Finalise Creation Process

Receive Responses

Award Negotiation

New Blanket PA/ Global PA

3) Creating documents directly in Oracle Sourcing


Oracle Sourcing
Oracle Purchasing

Create Sourcing Documents

Receive Responses

Award Negotiation

Standard PO/ Blanket PA/ Contract PA

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