Oracle Cloud offers a broad portfolio of software as a service applications, platform as a service, and social capabilities, all on a subscription basis. Oracle Cloud delivers instant value and productivity for end users, administrators, and developers alike through functionally rich, integrated, secure, enterprise cloud services.
 Get a Free Magzine ...Profit:The Executive's Guide to Oracle Applications

Subscribe to the OracleAppsHub to receive notifications when there are new posts:

 get RSS feed
 Oracle Fusion Applications (OFA) is a portfolio of next generation suite of software applications from Oracle Corporation. It is distributed across various product families; including financial management, human capital management, customer relationship management, supply chain management, procurement, governance, and project portfolio management
 Get a Free Magzine ...Profit:The Executive's Guide to Oracle Applications

Oracle Sourcing

Posted on March 6th, 2010 by Sanjit Anand ||Email This Post Email This Post

Have you tried OracleappsHub in ipad/iphone/smart Phone? Don't wait. try it today

Oracle Sourcing is the yet another enterprise application that improves the effectiveness and efficiency of strategic sourcing. This application is a key component of Oracle Advanced Procurement, which dramatically cuts all supply management costs. Oracle sourcing enables buyers to source more of the organizations spend at lower total cost. Oracle Sourcing application creates immediate savings through rapid deployment, and ensures long-term savings with consistent execution and compliance.

With Oracle Sourcing you can:

  • Manage more sourcing events in less time and bring them to conclusion faster, so you can exploit additional savings opportunities
  • Make more best-value award decisions based on total cost, not just on unit price
  • Create immediate savings and faster ROI with rapid deployment; then gain additional savings with consistent execution through the Oracle Advanced Procurement suite

There are three typical business flows that utilize Oracle Sourcing.

  1. Create New Documents Using Demand Workbench
  2. Create New Documents from Existing Blanket PO Agreements
  3. Create Documents Directly in Oracle Sourcing

Details are herewith:

1.Sourcing buyers can use the Demand Workbench feature of Oracle Purchasing to select approved requisition lines and aggregate demand into a draft auction or a Sourcing RFQ. Buyers can use the Demand Workbench without leaving Oracle Sourcing. The backing requisition line information is retained throughout the life cycle of the sourcing document.

Oracle Sourcing

2. Oracle purchasing buyers can select a blanket purchase agreement (BPA) and use it as the basis of a new auction or Sourcing RFQ. The details of the BPA (including header, attachments, price breaks) are copied to the draft negotiation, and the sourcing lines refer to the originating BPA lines.

Oracle sourcing2

3. Oracle Sourcing buyers can define sourcing documents directly in Oracle Sourcing. Inventory items can be selected and goods and services can be entered directly. A large number of items can be quickly entered by using the spreadsheet upload feature.

oracle sourcing3

Therefore, buyers have visibility to information throughout the complete procurement process. Oracle purchasing users can view the awards that initiated the standard purchase order or blanket purchase agreement.

Hope this helps.

Related Posts

Posted in Oracle Purchasing | No Comments »Email This Post Email This Post |

Have you tried OracleappsHub in ipad/iphone/smart Phone? Don't wait. try it today
Leave a Comment

Please note: Comment moderation is enabled and may delay your comment. There is no need to resubmit your comment.