Oracle Sourcing is the enterprise application that drives more and better sourcing through online collaboration and negotiation. It is a key component of Oracle Advanced Procurement, the integrated suite that can dramatically cut all supply management costs.
Because strategic sourcing is typically time-consuming and complex, few organizations are able to exploit all available sourcing opportunities. Oracle Sourcing increases the sourcing bandwidth of procurement professionals, so they can exploit many more savings opportunities and capture more value from each. Online collaboration and negotiation makes it easy for experts from multiple organizations to exchange information, define requirements, conduct negotiation, and create new contracts. Buying professionals, business experts, and suppliers can all collaborate to create agreements that provide the best terms.
Source more of your spend—manage more sourcing events in less time and bring them to conclusion faster, so you can exploit additional savings opportunities
Source for lowest total cost—make more best-value award decisions based on total cost, not just on unit price
Create immediate and long-term savings—create immediate savings and faster ROI with rapid deployment; then gain additional savings with consistent execution through the Oracle Advanced Procurement suite
ORACLE PROCUREMENT ON DEMAND
Oracle Sourcing can play a crucial role in driving world class procurement. It works with your E-Business Suite implementation and can be deployed on-premise.
Oracle Sourcing is the third major enhancement delivered in Sourcing in as many years. Following Roll-up 1 and Roll-2, Oracle Sourcing will equip sourcing professionals to tackle more complex categories and implement virtually any sourcing and negotiation strategy. Major enhancements include:
Access to Sourcing from Professional Buyers Work Center
Multi-org access control for shared services organizations
Sourcing dashboard (in Daily Business Intelligence for Procurement)
User definable negotiation styles
Catalog negotiation (negotiate entire catalogs, conduct one-click renegotiation, or add lines from catalog)
Negotiation of complex payments for complex categories including retainage, recoupment, contract financing, progress payments