ORACL DAT A SH T

Oracle Sourcing

Oracle® Sourcing and Oracle® Sourcing Op imiza ion

n are he en erprise
applica ions ha improve he effec iveness and efficie
ency of s ra egic
sourcing. They are key componen s of Oracle Advan
nced Procuremen , he
in egra ed sui e ha drama ically cu s all supply mana
agemen cos s.

K Y F ATUR S
Cu Cos s wi h Online Collabora ion and Ne
ego ia ion
• Two S age evalua ion of RFP
Tradi ional s ra egic sourcing is ime consuming and complex
x, preven ing many
• Suppor for Two S age RFQ surroga e
bids organiza ions from being able o source all of heir spending.. Oracle Sourcing increases
• Au oma ic knockou of suppliers from he bandwid h of sourcing professionals so hey can exploi more
m savings oppor uni ies
shor lis and cap ure more value from each. Online nego ia ion make
es i easy for par icipan s
• Sourcing Ini ia ives from mul iple organiza ions o exchange informa ion, conduc
c bid and auc ion
• Suppor for con rac s wi h complex processes, and crea e and implemen agreemen s. Professiional buyers, business
paymen erms exper s, and suppliers exchange informa ion online for a morre agile and successful
• Collabora ion eam member sourcing process. The applica ion also drama ically reduces
s sourcing cycle ime and
messaging crea es a comple e audi rail of supplier commi men s. Wi h Oracle Sourcing, your
• S aggered closing of lines organiza ion can influence more spend ha were previously un ouched.
• Ca alog nego ia ion
• Very large auc ion suppor
• Flexible documen s yles
• Mul i-round price enforcemen
• Posi ion hierarchy approvals
• Supplier scorecard
• Sourcing dashboard
• Professional Buyer’s Work Cen er
• Prospec ive supplier regis ra ion
• Supplier response PDF

AUCTION / RFQ / RFI

• Supplier Qualifica ion hrough RFIs

• Mul iple Nego ia ion Types
Figure 1: Efficient online negotiations drive more and bettter sourcing events
• Mul iple Nego ia ion S yles (Open,
Blind, Sealed)
• Nego ia ion Templa e
• Procuremen Professional In ernal
Collabora ion
 ORACL DAT A SH T

• Procuremen Professional Securi y Wi h Oracle Sourcing, you can

• Mul i-a ribu e Weigh ed Scoring
• Source more of your spend
• Cos Fac ors enhancemen s
• Price Breaks and Analysis • Source he lowes o al cos
• Price Tier enhancemen s • Crea e immedia e and long- erm savings
• Loca ion Pricing
• Time-Phased Pricing Source More of Your Spend
• Volume Pricing Manage more sourcing even s in less ime and bring hem o conclusion fas er so you
• Advanced Supplier Search can find and exploi addi ional savings oppor uni ies.
• Reusable Invi a ion Lis s
• Reusable Price Elemen Lis s Exploi More Sourcing Oppor uni ies
• Reusable A ribu e Lis The ime required o prepare bidding packages, issue hem, and process responses has
• Ranking Indica ors radi ionally limi ed he sourcing capaci y of procuremen orga
aniza ions; leaving savings
• No es and A achmen s ourcing process, grea ly
on he able. Oracle Sourcing lends s ruc ure o he en ire so
• Mul i-Currency Transac ions reducing he ime and effor required o source each oppor uni y. Sourcing even s may
• Mul i-Language Suppor be crea ed as par of a Sourcing Ini ia ive for managemen viisibili y and racking.
• Consolida ed Nego ia ion Search ocumen s yles o quickly
Procuremen professionals can use empla es and flexible do
crea e sourcing even s such as RFIs, RFQs, RFPs and reverrse auc ions. Sourcing
• Online Discussions
even s may also be crea ed by direc ly consolida ing demand
d from Oracle Purchasing.
• Manual Ex end/Au oEx end
Buyers can even use one-click renego ia ion o ins an ly clon
ne expiring agreemen s in o
• Manual Early Close/Early Award
new sourcing even s. Oracle Sourcing slashes he manual effor required o execu e
• Offline Spreadshee Suppor each sourcing even . So procuremen professionals can do more of wha hey do bes –
• Real- ime S a us Upda es save money.
• Even Based No ifica ions
• Copy Exis ing Nego ia ions Slash Cycle Time wi h Online Nego ia ions
• Cancel Nego ia ions and Disqualify Wi h Oracle Sourcing, even s are prepared more quickly, con
ncluded sooner, and
Response
d. Because i s ruc ures
agreemen s can be implemen ed as soon as hey are signed
• Corpora e Terms and Condi ions
requiremen s ga hering, sourcing even s ake less ime o pre
epare. Oracle Sourcing
• Sourcing Even s consolida es requiremen s, amendmen s, and responses in one cen ral loca ion so
• Specify Addi ional Con ac s suppliers can bid more quickly. Online ools aler buyers o even s ha need addi ional
• Documen Prin ing supplier ac ions. Online compe i ion saves ime by mo iva ing
g suppliers o improve erms
• Nego ia ion Amendmen s wi hou ime consuming back and for h nego ia ion. Agreeme
en s nego ia ed in Oracle
• Mul i-Round Nego ia ions Sourcing can also be immedia ely implemen ed in Oracle Pu
urchasing. So you no only
source more, you realize he resul ing savings sooner.

BIDDING
Make Fas er Award Decisions wi h Online Bid Comparison
• Proxy Bidding and Award Tools
• Power Bidding
b-op imal award decisions.
Manually compiling and comparing bids causes slow and sub
• Surroga e Bidding
Oracle Sourcing ga hers bids in a consis en and s ruc ured forma and provides online
• Mul iple Ac ive Offers analysis for be er awards. Wi h Oracle Sourcing, managers
s have he ools o simplify
• Al erna e Lines he bidding and analysis process. For example, hey can es ablish a wo-s age RFP
• Supplier Response by Supplier Si e process o ensure more impar ial and speedier evalua ions. Managers can also use
• Supplier Par icipa ion knockou cri eria ha can be used o au oma ically exclude suppliers from he shor lis .
Acknowledgemen Once finalis s are iden ified, side-by-side and graphical comp
parisons show a a glance
• Supplier Regis ra ion which suppliers provide he bes overall value. If your organiiza ion has developed
• Supplier Profile Managemen spreadshee models for unique ca egories, Sourcing also exp por s pricing and scoring
da a for offline analysis. Flexible award me hods le you che
erry pick suppliers, bid lo s

2 | ORACLE SOURCING AND SOURCING OPTIMIZATION

 ORACL DAT A SH T

• Supplier User Managemen and lines for he bes pricing, or le Oracle Sourcing arrive a he bes possible award
d rules build in compliance
based on he predefined scoring cri eria. Configurable award
wi h policies such as minori y business preference or mul i-so
ourcing of mission cri ical
ANALYSIS AND AWARD
i ems. The award summary gives sourcing eam members a comple e view of he
• Color coded enhanced XML
spreadshee suppor award recommenda ion, while award approvals ensure policy
y and regula ory
• Online Response Comparison compliance.

• Graphical Moni ors

• Subjec ive Scoring of Responses
• Analysis Scenarios
• Mul iple Award Me hods (e.g.,
Au oAward, Award by Response,
Award by Line, e c.)
• Award Summary
• Award Approvals
• Award De ermina ion and Sharing
• Price Break Analysis
• In elligence Repor s

INT GRAT ION

• Genera e Purchase Orders and

Agreemen s
• In egra ed Procuremen Demand
• Re-nego ia e Blanke Agreemen s
• Nego ia e Encumbered Requisi ions
• Requisi ion Visibili y in Sourcing Figure 2: Monitor bidding activity as it happens with the Live
L Console
• Requisi ion Alloca ion for Par ial and
Spli Award Source for Lowes Cos s
• Oracle Projec s In egra ion b-op imal award decisions.
Manually compiling and comparing bids causes slow and sub
Oracle Sourcing ga hers bids in a consis en and s ruc ured forma and provides online
K Y B N FITS analysis for be er awards.
Oracle Sourcing is he en erprise
applica ion ha
Improve Sourcing Rules wi h Cross-Func io
onal Collabora ion
• Improves he effec iveness and
efficiency of s ra egic sourcing. Sourcing excellence requires combining he specialized skills
s of procuremen
• Drama ically cu s all supply professionals and subjec ma er exper s o iden ify he comb
bina ion of suppliers ha
managemen cos s. offer he bes combina ion of cos , quali y, risk, and innova io
on. Bu ime and dis ance
• Enables buyers o source more of he o her. Online
cons rain s of en make i difficul for all par icipan s o work oge
organiza ion’s spend a lower o al cos collabora ion makes i easy for echnical, business, and comm
mercial erms exper s o
• Crea es immedia e savings hrough lend heir exper ise o he sourcing process. Oracle Sourcing
g au oma es combining
rapid deploymen
differen scores from eam members and brings addi ional ra
ansparency o he eam
• Ensures long- erm savings wi h scoring process. This ensures bo h be er sourcing processe
es and broader buy-in o
consis en execu ion and compliance
award decisions. Engaging he righ suppliers is equally imp
por an o s ra egic sourcing.
Oracle Sourcing le s procuremen professionals browse he weal
w h of supplier
R LAT D PRODUCTS informa ion ha exis s wi hin he company and easily invi e new
n suppliers o ensure
Oracle Advanced Procuremen includes highly compe i ive bids.
addi ional complimen ary solu ions ha
provide valuable in egra ion o Sourcing
and Sourcing Op imiza ion

3 | ORACLE SOURCING AND SOURCING OPTIMIZATION

 ORACL DAT A SH T

• Procuremen Con rac s

• Purchasing
• iProcuremen Informa ion Discovery
Plus
• Spend Classifica ion
• Services Procuremen
• iSupplier Por al
• Procuremen Command Cen er Plus
• Procuremen and Spend Analy ics

R LAT D S RVIC S

The following services are available Figure 3: Designate different collaboration team members with scoring ability
from Oracle Suppor Services:
• Oracle E-Business Sui e Accelera ors
Leverage Bes Prac ices wi h Sourcing Kno
owledge Cap ure
• Oracle Applica ion Solu ion Cen ers
The knowledge and bes -prac ices ha saved money in one sourcing even are of en
• Oracle Universi y
los when ha even ends or an employee depar s. Oracle Sourcing
S allows sourcing
• Oracle Consul ing
professionals o cap ure bes prac ice ca egory knowledge fo
or reuse. All of he
successful elemen s from pas even s can be cap ured in o ca
c egory specific empla es
for RFQs, RFIs and online auc ions. Reusable invi a ion lis s bring in he bes suppliers.
r ures for he lowes o al
Reusable pricing elemen s align buying wi h supplier cos s ruc
cos . Reusable nego ia ion s yles cap ure knowledge of whic
ch even ype and bidding
rules will yield he bes value. Wi h Oracle Sourcing, your be
es sourcing knowledge is
con inually leveraged over ime and across he en erprise.

Increase Savings wi h Comple e Bid Packa

age Analysis and
Op imiza ion
Sourcing professionals know ha he lowes price seldom yie
elds he lowes o al cos .
Oracle Sourcing makes i easy o iden ify and quan ify he drrivers ha crea e o al cos .
Mul i-a ribu e weigh ed scoring and pricing, including price breaks
b and cos fac ors,
enable procuremen professionals o s ra egically define i em
ms and services and
effec ively nego ia e wi h suppliers. Spreadshee in egra ion makes i easy o impor
and expor nego ia ion resul s in o a familiar environmen . So
ourcing also provides
configurable scoring cri eria o analyze bid supplier s reng hs
s and weakness ha affec
downs ream cos s. Bids can be scored on any combina ion of price and buyer defined
cri eria such as delivery da es, quali y, vendor reliabili y and financial s abili y.
Op imiza ion based on cos fac ors and iered pricing make i easy for managers o
unders and he cos implica ion of award scenarios. In addi ion, Supplier Scorecard
in egra ion makes i easy for buyers o fac or pas supplier pe
erformance in curren award
decisions.

Crea e Immedia e and Long-Term Savings

Oracle Sourcing crea es immedia e savings wi h rapid deploy
ymen and ROI, and
ced Procuremen Sui e.
savings wi h consis en execu ion hrough he Oracle Advanc

S ar Saving Immedia ely wi h Rapid Deplo

oymen
Purchasing professionals know ha even small percen age savings add up o a massive

4 | ORACLE SOURCING AND SOURCING OPTIMIZATION

 ORACL DAT A SH T

con ribu ion o he bo om line. So every day ha sourcing prrofessionals aren’ 100%
produc ive cos s your business money. Oracle Sourcing can have a drama ic impac on
a ion can be run on si e,
your sourcing organiza ion in weeks, no mon hs. The applica
hos ed by an Oracle Par ner, or run in he Cloud. The applic
ca ion works bo h
independen ly and as par of he Oracle Advanced Procurem
men Sui e. So you can apply
Oracle Sourcing o curren and upcoming sourcing oppor unii ies and s ar saving righ
away, while ensuring ha your solu ion can grow as needed..

Achieve Rapid ROI hrough Open Compe i ion

Improving sourcing can save companies enough money o re
e urn heir inves men in jus
one sourcing even . Organiza ions of en discover ha open and ransparen
compe i ion promp s even incumben suppliers o offer be err prices, erms and
condi ions. Oracle Sourcing offers many fea ures o help driv
ve compe i ive behavior
from suppliers such as suppor for Mul iple Ac ive Offers and
d Al erna e lines so he
supplier can propose addi ional bid packages o mee buyer needs. Bid con rols driving
compe i ion include s aggered closing of lines and he au om
ma ic ex ension of an auc ion
when a new bid ranked in a buyer-specified posi ion is receiv
ved. The applica ion also
lowers supplier risk by providing clearer requiremen s and a be er exchange of
informa ion during he bidding process. Reduced risk allows suppliers o make lower
bids. Oracle Sourcing can save you money on demand you already have open oday.

Figure 4: Measure sourcing process performance with Sourcing

S Dashboard in
Oracle Procurement and Spend Analytics

Realize Long Term Savings wi h Consis en

n Execu ion and
Compliance
Even he bes purchasing agreemen s are wor h li le unless hey are consis en ly
enforced. Oracle Sourcing provides even more savings o yo
our organiza ion when used
wi hin he Oracle Advanced Procuremen Sui e by ensuring consis en execu ion from
requisi ion o paymen . Oracle Procuremen Con rac s drives
s compliance wi h buil -in
racking of con rac deliverables. Oracle Purchasing seamles
ssly execu es agreemen s
nego ia ed in Oracle Sourcing. Employee self-service requis
si ions placed in Oracle
iProcuremen au oma ically defaul o preferred suppliers a Sourcing
S -nego ia ed prices.
Oracle Procuremen and Spend Analy ics reveals con rac u iliza ion and compliance
and lays he ground work for finding new oppor uni ies.

5 | ORACLE SOURCING AND SOURCING OPTIMIZATION

 ORACL DAT A SH T

Oracle E-Business Sui e – he Comple e So

olu ion
Oracle E-Business Sui e enables companies o efficien ly ma
anage cus omer processes,
ore—all from applica ions
manufac ure produc s, ship orders, collec paymen s, and mo
ma ion archi ec ure
ha are buil on a unified informa ion archi ec ure. This inform
ees, and produc s—all
provides a single defini ion of cus omers, suppliers, employe
aspec s of he business. Whe her one module or he en ire Sui e is implemen ed,
Oracle E-Business Sui e enables procuremen professionals
s o share unified informa ion
across he en erprise and make smar er decisions wi h be er
e informa ion.

CONTACT US
For more informa ion abou Oracle Sourcing, visi oracle.com or call +1.800..ORACLE1 o speak o an
Oraccle represen a ive.

CONNECT W ITH US

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6 | ORACLE SOURCING AND SOURCING OPTIMIZATION