Cloud Readiness / Oracle Procurement Cloud
New Feature Summary
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  1. Update 21C
  1. Revision History
  2. Overview
  3. Procurement
    1. Complex Work Procurement
        1. Create Purchase Orders for Complex Services with Progress Payment Schedules
    2. Cross-Product Procurement Enhancements
        1. Integrate and Extend Procurement Using REST Services
    3. Purchasing
        1. Validate Descriptive Flexfield Values Using Purchasing Document Header Attributes
        2. Generate Reports on Unacknowledged Purchase Orders Using OTBI
        3. Search for Master Items Using Multiple Item Attributes When Creating Purchasing Documents
        4. Disable Automatic Order Creation for New Agreements
        5. Populate the Purchase Order Description from the Requisition Description
        6. View Order Fulfillment Summary for Purchase Order Schedules
        7. Report on Primary and Secondary Purchase Order Email Recipients Using OTBI
        8. Purge Unprocessed Purchasing Document Interface Records
        9. Use Refresh to View Updated Purchase Order Status
        10. Disable Automatic Communication of Purchase Agreements
        11. Order the Current Item Revision for Revision-Controlled Items
      1. External Purchase Prices
        1. External Purchase Prices
    4. Sourcing
        1. Configure MS Excel Template to Bulk Upload Requirements
        2. Access Supplier Profile Attachments
        3. Send a Lines Response Spreadsheet in the Supplier Invitation
        4. Configure Negotiation Award Approval Notification with Business Intelligence Publisher
        5. Create Reports and Analytics on External Cost Factors Using OTBI
    5. Supplier Model
        1. Manage Supplier Risk with DataFox Supplier Intelligence
    6. Supplier Qualification Management
        1. Conduct Internal Surveys for Supplier Qualification
        2. Access Supplier Profile Attachments
    7. Spend Classification
        1. Spend Classification
    8. Procurement Contracts
        1. Search by Amount in Search Contracts by Text
        2. Share In Progress Contracts in Supplier Portal

Update 21C

Revision History

This document will continue to evolve as existing sections change and new information is added. All updates appear in the following table:

Date Product Feature Notes
24 SEP 2021 Purchasing Validate Descriptive Flexfield Values Using Purchasing Document Header Attributes Updated document. Revised feature name.
04 JUN 2021     Created initial document.

Overview

This guide outlines the information you need to know about new or improved functionality in this update.

DISCLAIMER

The information contained in this document may include statements about Oracle’s product development plans. Many factors can materially affect Oracle’s product development plans and the nature and timing of future product releases. Accordingly, this Information is provided to you solely for information only, is not a commitment to deliver any material, code, or functionality, and should not be relied upon in making purchasing decisions. The development, release, and timing of any features or functionality described remains at the sole discretion of Oracle.

This information may not be incorporated into any contractual agreement with Oracle or its subsidiaries or affiliates. Oracle specifically disclaims any liability with respect to this information. Refer to the Legal Notices and Terms of Use for further information.

Procurement

Complex Work Procurement

Complex Work Procurement is an end-to-end integrated solution across the Oracle Procurement Cloud, Oracle Financials Cloud, and Oracle Supply Chain Management Cloud applications. This solution is designed to model procurement of complex contracts in industries such as construction, consulting, and professional services. Complex work contracts tend to have high dollar values and long lead times, and are governed by complex payment terms. You can use Complex Work Procurement to manage various aspects of the acquisition processes involved in procuring complex work.

In this update, you can create purchase orders with progress payment schedules for complex services procurement.

Create Purchase Orders for Complex Services with Progress Payment Schedules

Define progress payment schedules for fixed-price services, which are of high value and have long lead times. The payment schedules could be either for a lump sum amount or rate-based.

Cross-Product Procurement Enhancements

Integrate and Extend Procurement Using REST Services

In this update, Oracle Procurement Cloud delivers modified REST APIs to enable and simplify integration with external systems.

Purchasing

Validate Descriptive Flexfield Values Using Purchasing Document Header Attributes

Validate descriptive flexfield values using purchasing document header attributes such as procurement business unit and document type. You can use these attributes to define value sets to limit the list of possible values. This ensures that users can only select valid descriptive flexfield values for the purchasing document and reduces data entry time.

Generate Reports on Unacknowledged Purchase Orders Using OTBI

Include counts of both unacknowledged purchase orders and orders with overdue acknowledgment on analyses created using the Purchasing Real Time subject area.

Search for Master Items Using Multiple Item Attributes When Creating Purchasing Documents

Search for items using multiple item attributes such as supplier, supplier part number, manufacturer, manufacturer part number, and extensible flexfield attributes when adding a master item to a purchasing document.

Disable Automatic Order Creation for New Agreements

Use Configure Procurement Business Function to disable automatic order creation for new agreements. For new contract purchase agreements, you can now enable automatic document sourcing only for punchout-initiated requests.

Populate the Purchase Order Description from the Requisition Description

Populate purchase order description from the backing requisition description automatically while creating new purchase orders.

View Order Fulfillment Summary for Purchase Order Schedules

Check on the current fulfillment status of all your schedules on a purchase order from the View Purchase Order page. You can now view the received and invoiced quantities and amounts alongside the scheduled quantities and amounts without leaving the page. The invoice amounts and quantities are now also available on the Manage Schedules page.

Report on Primary and Secondary Purchase Order Email Recipients Using OTBI

Include primary and secondary purchase order email recipient information on analyses created using the Purchasing Real Time subject area.

Purge Unprocessed Purchasing Document Interface Records

Purge purchasing document interface records in any status, including those that aren't processed yet. You can choose from multiple options to select the records you want to purge based on their processing status.

Use Refresh to View Updated Purchase Order Status

Use the new Refresh button on the View Purchase Order page to check the current status of the purchase order. You no longer need to close and reopen the page to see any updates to the purchase order status.

Disable Automatic Communication of Purchase Agreements

Disable automatic communication of purchase agreements to suppliers by configuring the application to set the Communication Method and the Acknowledgment Required attributes to None by default. As a buyer, you can manually update these values on individual purchase agreements to allow supplier communication if needed.

Order the Current Item Revision for Revision-Controlled Items

Order the current item revision for revision-controlled items. When you order a revision-controlled item, the application automatically selects the current item revision. As a buyer, you can select a past or future item revision if needed.

External Purchase Prices

External Purchase Prices

Import product prices from external contracting applications or group purchasing organizations through an open interface. Approve new products and related pricing as well as updates to existing prices. Select purchase prices based on the selection criteria and automatically create and update blanket purchase agreements.

Sourcing

Configure MS Excel Template to Bulk Upload Requirements

Configure an MS Excel template to add requirements using the Oracle Visual Builder Excel plug-in.

Access Supplier Profile Attachments

Download supplier profile attachments from the supplier detail page when working on negotiations or supplier qualifications. Improve decision making with easy access to important supplier information.

Send a Lines Response Spreadsheet in the Supplier Invitation

Include a lines response spreadsheet (csv format) with the negotiation PDF in the supplier invitation. Suppliers can download the file from their email and efficiently respond to high volume negotiations.

Configure Negotiation Award Approval Notification with Business Intelligence Publisher

Use an Oracle Business Intelligence Publisher template to configure the content of the negotiation award approval notification. You can tailor the notification layout and content to meet your specific business requirements.

Create Reports and Analytics on External Cost Factors Using OTBI

Analyze external cost factors in negotiations, supplier responses, and awards by creating reports and analytics using Oracle Transactional Business Intelligence (OTBI). Starting in update 21B, you can report on cost factors to compare target and response values. In this update, new OTBI metrics are available that sum cost factor amounts for the line, negotiation, or procurement BU.

Supplier Model

Manage Supplier Risk with DataFox Supplier Intelligence

Supplier intelligence leverages DataFox artificial intelligence to manage supplier risk. Real-time supplier risk signals, alerts, risk indicator scores, and enriched profile data is integrated directly into your supplier onboarding and management processes providing enhanced supplier risk management.

Supplier Qualification Management

Conduct Internal Surveys for Supplier Qualification

Create survey qualifications to aggregate feedback on suppliers from multiple internal responders. You can use these to build consensus on supplier performance, risk, or other criteria to improve the value of your supplier relationships.

Access Supplier Profile Attachments

Download supplier profile attachments from the supplier detail page when working on negotiations or supplier qualifications. Improve decision making with easy access to important supplier information.

Spend Classification

Spend Classification

Organize spend data into logical categories by adding or correcting the existing category assignments to discover spend patterns and get an accurate overview of organizational buying activity. Create training sets and taxonomies to generate knowledge bases that can be used to automatically reclassify batches of spend data so that the expensive data management and classification process can be streamlined.

Procurement Contracts

Search by Amount in Search Contracts by Text

Along with other search filters available on the Search Contracts by Text page, you can also use the contract amount or currency to find a contract. When using contract amount or currency, you can use operators. For example, you can search between a minimum and maximum contract amount.

Share In Progress Contracts in Supplier Portal

When you're ready to have your suppliers review and respond to a contract that's in progress, you can share the contract from the Edit Contract page. Once shared, the supplier contacts who have access to the contract can view the contracts you have shared with them in Oracle Supplier Portal. The suppliers can download contract documents and upload their revisions. You can find the documents shared with suppliers or the documents shared with you on the Contract Documents tab of the Edit Contract page.