Oracle Procurement

Streamline shopping and manage spend

Simplify the shopping experience

Simplify employee shopping and maximize user adoption with a consumer-like, guided experience. Intuitive search allows you to quickly find the goods and services you need at negotiated prices and ensure compliant buying.

Improve spend compliance

Realize cost savings by directing purchases to approved suppliers offering negotiated prices. Configure approval rules to ensure spend compliance and simplify exception management on all platforms including smart phones and tablets.

Streamline purchasing and payments

Simplify purchasing with automated purchase order creation from approved requisitions and easily manage revisions with full change history. Automated invoice processing minimizes workload, reduces errors and speeds supplier payments.

Increase agility with Supplier Relationship Management

Verify suppliers and reduce risk

Leverage Oracle Cloud’s AI and natural language processing to create and maintain accurate supplier profiles. Enhance risk visibility across the supplier lifecycle with configurable alerts and scores.

Monitor supplier developments

Gain constant visibility into suppliers and proactively mitigate risk to ensure continuous supply. Receive timely alerts and customized risk scores to stay on top of developments that may affect a supplier’s risk and capabilities.

Maximize supplier value

Assess suppliers and minimize disruptions through structured evaluations that include risk attributes, regulatory certifications and capabilities. Strengthen sustainable supplier relationship management for greater business value.

Deliver greater value through strategic sourcing

Reduce costs and increase value

Leverage analytics to identify opportunities for cost savings, spend consolidation and receive greater value from suppliers. Develop programs to manage your supply base more effectively and improve business outcomes.

Optimize sourcing productivity

Gather requirements from internal experts and speed RFX creation through guided authoring, built-in collaboration, editing and approval workflows. Initiate negotiations faster to quickly realize greater savings and value.

Improve productivity and time to value

Leverage sourcing best practices, proactively monitor and evaluate negotiations against savings goals. Make better and quicker awards using analytics-driven recommendations to maximize value and increase savings.

Manage supplier contract lifecycle and compliance

Accelerate contract creation

Streamline contract creation with MS Word and improve productivity during drafting and negotiations using guided authoring, pre-approved templates and legal clauses. Built-in collaboration and approval flows speed contract completion.

Enable standards compliance

Enable business users to draft, negotiate and amend contracts with minimal legal involvement. Ensure conformity to corporate policies and legal standards while improving efficiency, quality, risk protection and business partnerships.

Mitigate supplier risk

Streamline contract negotiations and compare proposed changes to standard terms. Quickly resolve differences with required approvals, audit trails and eSignatures resulting in compliant contracts and risk mitigation.

Improve contract visibility

Easily locate supplier contracts using a secure, searchable, centralized repository. Gain complete visibility into contract portfolio and obligations, risks and required amendments. Receive advance alerts of expiring contracts.

Increase business value through analytic insights

Identify value opportunities

Analyze company spend across multiple dimensions including category, business unit, geography, and cost center. Gain actionable insights into spend patterns to rationalize your supply base and negotiate better pricing and value.

Improve category intelligence

Respond to shifting market dynamics through data-driven insights and strategies. Identify changes in supply and buying needs and find best in class suppliers through more effective sourcing to attain better businesses outcomes.

Manage supplier performance

Gain insight into supplier performance against contractual obligations such as price, service and delivery performance. Identify areas for supplier diversification, improvements in execution and quality while mitigating risk.

Improve supplier collaboration and productivity

Streamline supplier collaboration

Manage supplier activities and document exchange. Easy to use portal provides access to supplier registration, profile, catalogs, orders, shipments, invoices, forecasts and more via self-service.

Improve electronic communication

Oracle Business Network streamlines and automates electronic transactions with real-time visibility into status, exceptions and errors. Trading partners can exchange documents in their preferred standard format.

Discover trading partners

Easily search for trading partners who are already using OBN to establish electronic communications and exchange transactions with speed and efficiency.