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 Get a Free Magzine ...Profit:The Executive's Guide to Oracle Applications

Oracle Advanced Procurement

Posted on January 1st, 2015 by Sanjit Anand |Print This Post Print This Post |Email This Post Email This Post

Oracle Advanced Procurement is an integrated suite of software that dramatically cuts all supply man-agement costs.

It adapts to your purchasing processes, supporting any combination of procurement models. It leverages Oracle’s extensive applications capabilities, robust development and operating platform, and award-winning global support. Thousands of companies in diverse industries—including professional services, government, asset-intensive sectors, and manufacturing—rely on Oracle Advanced Procurement to deliver billions in savings year after year.

Oracle Advanced Procurement (Fig 1) includes the following applications:

Application Landscape

  • Oracle Purchasing helps buying professionals streamline PO processing while strengthening compliance.
  • Oracle Sourcing improves the effectiveness a nd efficiency of strategic sourcing
  • Oracle iProcurement controls employee spending and streamlines ordering through a familiar Web-store interface.
  • Oracle Services Procurement enables complete control and oversight for services spending.
  • Oracle Procurement Contracts creates and enforces better purchasing contracts.
  • Oracle iSupplier Portal structures all supplier communications through a secure, internet-based portal with online PO collaboration and paperless fulfillment and payment.
  • Oracle Supplier Network is an electronic transaction service that automates delivery of purchasing and payment documents.
  • Oracle Landed Cost Management (LCM) gives organizations financial visibility into their extended supply chain costs, including transportation and handling fees, insurance, duties, and taxes.
  • Oracle Procurement and Spends Analytics Solution help organizations optimize their supply side performance by integrating data from across the enterprise value chain, thereby enabling executives, managers, and frontline employees to make more informed and actionable decisions

 

Good Reasons for Using Oracle EBS Advanced Procurement -How Oracle Helps !

 

Business Driver How Oracle Helps Business Benefits Relevant Oracle Module
Reduce spending on goods and services
  • Packaged spend analysis
  • Online negotiation and collaboration
  • Embedded terms and conditions
  • Savings on procurement spending
  • Efficient sourcing process, leading to pricing benefits
  • Oracle Procurement & Spend Analytics
  • Oracle Sourcing
  • Oracle Procurement Contracts
Streamline Processes
  • Complete procure-to-pay automation
  • Policy-driven self-service
  • Complete supplier enablement
  • Automate employee buying
  • Buying team has more time for spend analytics & strategy and less of operational issues
  • Reduce manual efforts and errors
  • Oracle Purchasing
  • Oracle iSupplier
  • Oracle Sourcing
  • Oracle iProcurement
Enforce policy compliance
  • Exception-based enforcement
  • Budget-based procurement
  • Total procurement visibility
  • Adopt industry best practice along with regulatory compliance
  • Align financial and procurement policies
  • more involvement of suppliers in your supply-chain process
  • Oracle Procurement Contracts
  • Oracle Purchasing
Eliminate Multiple systems
  • One application with capabilities starting from Operational to strategic procurement and integration with SCM, Mfg and financial modules
Business can adopt a single world-class Oracle system which not only has extensive functional capabilities but also technical capabilities
  • Oracle SCM
  • Finance,
  • Mfg
  • CRM, Analytics, etc..

Here is Integrated Process Flow you can see, if planning to implement Advance Procurement Application

Integrated Process Flow

10 Good Reasons for Using Oracle EBS Advanced Procurement

 

Business Reason

  1. It makes good business sense
  2. It allows the end-to-end flow of information through the entire Procurement, Purchasing and Payables Process
  3. It supports better negotiations and supplier selection
  4. It enables supplier collaboration
  5. It manages the establishment, operation and ending of supplier relationships through the use of effective contract management
Systems Reasons
  1. Suppliers proactively manage their catalogues and account – within boundaries you define
  2. Automate as much or as little of the Procure to Pay process as you want
  3. Full control over the entire process is maintained – based on your business rules
  4. Electronic tracking of approvals and exceptions
  5. Single Source of Truth – full supplier history from start to finish

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