1) The document provides steps for buyers to create and manage a sourcing event in Oracle Sourcing, including adding requirements, lines, controls, selecting suppliers, publishing the event, and reviewing supplier responses. 2) Key steps include inputting header details, managing the collaboration team, adding requirements and lines, setting controls and timings, selecting invited suppliers, publishing the event, and reviewing supplier proposals. 3) After the event closes, buyers can analyze supplier bids, select lines to award to suppliers, save and complete the award to generate notification emails to awarded suppliers.