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Oracle Procurement

Can your procurement suite automate procure-to-pay, strategic sourcing and supplier management processes? Learn how Oracle Fusion Cloud Procurement’s capabilities, built-in collaboration and analytic insights drive agility, manage risk and increase margins.

Discover Oracle Cloud Procurement.

Oracle Fusion Cloud Procurement

Oracle Fusion Cloud Procurement is an integrated source-to-settle suite that automates business processes, enables strategic sourcing, improves supplier relationship management and simplifies buying resulting in lower risk, improved savings and greater profitability.

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.


Manage direct materials, services, and complex procurement

Achieve resilient manufacturing and operations

Maintain supply chain resiliency and execution through the steady flow of materials and services enabling your core business operations to avoid risks, maximize uptime and achieve planned production levels and revenue targets.

Manage project-driven supply chains

Manage risk and improve efficiency through products and services delivered to specific projects. Ensure end to end supply integrity, accurate cost allocation and customer invoicing based on percentage or milestone completion.

Deliver the perfect order

Provide better customer service, rapid order processing and maximize fill rates with back-to-back and drop ship fulfillment. Avoid stockouts across locations through automated replenishment purchases while optimizing cashflow.

Manage project-driven supply chains

Manage risk and improve efficiency through products and services delivered to specific projects. Ensure end-to-end supply integrity, accurate invoicing, and cost allocation based on percentage or milestone completion.

Increase agility with Supplier Relationship Management

Verify suppliers and reduce risk

Leverage Oracle DataFox Supplier Intelligence 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.


Cloud Procurement customer successes

Global customers across multiple industries have chosen Oracle Cloud Procurement to transform their procurement processes, improve savings and gain competitive advantage.

Baylor University logo
The Fedcap Group logo
FedEx logo
HSBC logo
MTN logo
Precision Group logo
University of Wyoming logo
Precision Group logo

Oracle Fusion Cloud Procurement helps Precision Group transform their procurement processes

Oracle Fusion Cloud Procurement use cases

  • Capgemini simplifies sourcing and supplier onboarding

    Capgemini achieves 5% savings in their first sourcing event and shortens supplier onboarding from weeks to days.

    Read more

  • Baylor University modernizes their procurement

    Top university graduates from legacy, on-premises systems to streamlined, agile cloud apps.

    Hear more

4 steps for effective supplier management

Ana Galindo, SCM Product Marketing Manager

2020 has been a wake-up call for companies—especially for those who work in the procurement department. Reducing costs and controlling spend have always been the main drivers for that business function, and while that won’t change, the economic impact of a global pandemic puts the spotlight on improving supplier management to help mitigate supplier risks.

Read the complete post

Procurement resources

Readiness

Learn what's new in the latest Procurement release

Review readiness material to learn what's new in your Oracle Fusion Cloud Procurement service and plan for quarterly updates.

Documentation

Access our documentation library

Oracle Help Center provides detailed information about our products and services with targeted solutions, getting started guides, and content for advanced use cases.

Customer community

Join a community of your peers

Cloud Customer Connect is Oracle's premier online cloud community. With more than 200,000 members, it's designed to promote peer-to-peer collaboration and sharing of best practices, product updates, and feedback.

learning

Develop your Oracle Procurement Cloud skills

Oracle University provides learning solutions to help build cloud skills, validate expertise, and accelerate adoption. Get access to free basic training and accreditation with the Oracle Learning Explorer program.

Related procurement and financial solutions

Enterprise Resource Planning

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Accounting Hub

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Order Management

Omni-channel solution for order-to-cash

Inventory Management

Manage your global materials

Get started


Request a demo

Try a live demo with an Oracle Cloud Procurement expert.


Take a tour

Get hands-on experience with our Procurement products.


Contact sales

Talk to a member of our team about Oracle Cloud Procurement.