Oracle Modern Best Practice for Higher Education—Procurement

Insight to Sourcing
Make Smart Sourcing Decisions

Higher Education—Insight to Smart Sourcing

The need for stringent cost reductions has never been greater. Leverage the modern best practice capabilities of mobile, social, cloud, and analytics to better manage sourcing compliance, define advanced sourcing requirements, and analyze supplier rewards. Collaborate about buying decisions through a secure social network—on any device.



Identify Opportunity
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Identify Opportunity

Analyze spending patterns and supplier performance to find the best opportunities for reducing expenses.


Initiate Sourcing Event
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Initiate Sourcing Event

Create policy-compliant (e.g., city, county, state and/or federal) online negotiation through step-by-step guidance and templates.


Develop Specifications
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Develop Specifications

Collaborate with your institution to align compliant specifications or Grant Programs Office needs by collaborating with experts and stakeholders.


Manage Negotiations
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Manage Negotiations

Publish RFx to legally prescribed channels or to preferred vendor list. Suppliers can submit responses via online tools and social collaboration.


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Monitor Response

Review and compare submissions from prospective suppliers with flexible feedback mechanisms. Extend / pause event based on vendor responses.


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Analyze and Award Negotiations

Award contracts based on detailed bid analysis and collaborative review with stakeholders throughout your institution.


Finalize the Contract
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Finalize the Contract

Streamline contract creation and ensure compliance by automatically applying the terms and conditions from negotiation events and exception-based approvals to the final contracts.


Ensure Utilization
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Ensure Utilization

Realize contract savings by automatically applying pricing and terms to covered purchases. Continually track, analyze, and evaluate supplier spend and performance.