Oracle Advanced Procurement Footprint iSupplier Portal iProcurement Sourcing Services Procurement Purchasing Procurement Contracts BI for Procurement
Oracle Sourcing - Introduction To improve the effectiveness and efficiency of strategic sourcing. Traditionally sourcing is a time consuming process Online collaboration and negotiation Professional buyers, business experts, and suppliers exchange information online for a more agile and successful sourcing process. Reduces sourcing cycle time Complete audit trail of supplier commitments.
Sourcing – Key Features Bidding
Proxy bidding/power bidding/surrogate bidding
Supplier user management
Auction/RFQ/RFI Multiple negotiation types [open, blind, sealed] Negotiation templates Procurement professional internal collaboration Procurement professional security Reverse Auctions Scoring rules Pricing analysis Reusable invitation lists Enhanced supplier search Offline spreadsheet support Spreadsheet Upload Analysis & Award
Response comparison’s using graphical interface
Award approvals – employee supervisor, position
Multiple awards – auto award, award by response, award by line
Auto generate PO’s, Blanket Agreements
Procurement Contracts - Introduction Oracle Procurement Contracts is the enterprise application that creates and enforces better purchasing contracts. Authoring often remains a manual process without meaningful controls. Take control of your contract lifecycle, from authoring and negotiation through implementation, enforcement, evaluation and closeout.
Procurement Contracts – Key Features Contract Library Multiple contract template Workflow driven clause approvals Expert rules Repository contracts MS Word Integration XML Clauses Upload Localisation Clauses Security Negotiation
Negotiate contract terms with suppliers online
Enable suppliers to propose changes and fill-in contract variables as part of their bids
Manage contractual deliverables
Automatic escalation process
Automatically populate clauses based on business rules , questions
Vendor Offerings in this Space There are other vendors [other than below] who are also highly recommended e.g. Emptoris Software, Bravo Solution – Highly compliant for UK, Italy Public sectors – Gartner, although both have very little market presence.
Oracle Vs Competitors- Gartner Research 2010 Ariba, Emptoris – leaders of the pack, better user experience Oracle – Oracle E-Business Suite and SAP nudged ahead of the remaining products due to broad functionality, superior analytics for key performance indicators (KPIs), and support for global enterprises. Other vendors - Overall, there was little to broadly differentiate among the 11 products, which are all proven solutions with loyal customer bases and talented product management teams.
Key Considerations Suitability of the broader suite for your needs - Shortlist vendors with strength in the applications that are on your road map Spending Analysis Strategic Sourcing Contract Management Other customer experiences Integration Appropriate architecture for scale - Larger organizations may run hundreds of events simultaneously and/or conduct reverse auctions that attract dozens of prospective suppliers and thousands of bids. On-premise/Hosted/SaaS