Oracle Advanced Procurement

Oracle Fusion Sourcing

Oracle Fusion Sourcing provides the next generation application
for smarter negotiation. Driving sustainable savings is a
common goal of procurement organizations. To achieve this
goal, you need better tools to manage an increasing number of
complex strategic sourcing initiatives. Oracle Fusion Sourcing
delivers the structure, tools and information you need to
maximize the value of supplier negotiations. As part of the
integrated Oracle Fusion Procurement suite, you can negotiate
enforceable agreements that comply with policies and deliver
realized savings.

Make Sourcing Easier for Everyone

In order to meet performance objectives procurement
organizations must maximize the value of negotiated contracts.
So it is important that they provide intuitive, easy to use tools
for everyone involved in the sourcing process. Invariably,
organizations that fail to do so suffer from low rates of adoption
among sourcing professionals, pushback from line of business
users, and the burden of training suppliers. Oracle Fusion
Sourcing inspires adoption and simplifies sourcing processes by
providing users with step-by-step guidance throughout the
negotiation lifecycle. It enables sourcing professionals to tailor
negotiations to the organization's needs, leverage information
from past events, and collaborate with subject matter experts
from across the business. This reduces negotiation cycle times
and accelerates the rate of realized savings. Oracle Fusion
Sourcing’s intuitive user experience also benefits suppliers. A
comprehensive overview of sourcing activity makes it easy for
suppliers to understand current status and to take action.
Support for commonly used applications, such as spreadsheets,
makes submitting bid responses very straightforward. And
Oracle Fusion Sourcing even offers embedded online training
that makes it easy for suppliers engage in every part of the
sourcing processes. By reducing the effort to train users, Oracle
Fusion Sourcing helps procurement organizations focus on
what’s important: getting the most value from strategic
sourcing.

Keep on top of Sourcing Activity

Having visibility to sourcing activity is paramount to ensuring
that your organization is exploiting the largest opportunities
with the best available talent. Oracle Fusion Sourcing gives you
a sourcing calendar for better visibility to upcoming
negotiations, recent sourcing activities to keep you informed of
what’s going on, and a negotiation monitor to accurately assess
the competitive landscape and potential savings. At a glance,
you can quickly see how a negotiation is progressing and take
actions such as extending or pausing an auction. With Oracle
Fusion Sourcing, everyone has the visibility they need and the
tools to get things done

Create Real, Long-Term Savings

Leaving savings on the table is not an option. Manually
compiling and comparing supplier proposals can be time
consuming and ineffective. Oracle Fusion Sourcing provides you
with award analysis tools that allow you to quickly determine
the best award decision for your business based on factors such
as price, quality and value. With Oracle Fusion Sourcing, you
have the tools to lower costs, increase savings, and achieve the
best value possible.
Oracle Fusion Applications
Oracle Fusion Procurement is part of Oracle Fusion
Applications, which are completely open, standards-based
enterprise applications that can be easily integrated into a
service-oriented architecture. Designed as a complete suite of
modular applications, Oracle Fusion Applications help you
improve performance, lower IT costs, and get better results.
Whether you choose one module, a product family, or the
entire suite, Oracle enables you to gain the benefits of Oracle
Fusion Applications at a pace that matches your business needs.

ORACLE FUSION SUPPLIER PORTAL

An integral part of Oracle Fusion Procurement, Oracle Fusion
Supplier Portal improves the way you interact and collaborate
with suppliers. This dynamic, secure solution provides superior
supplier and performance management. Oracle Fusion Supplier
Portal is the next generation application for enabling smarter
supplier interactions. It is a browser-based, supplier self-service
solution that brings a holistic approach to supplier management
by removing communication barriers between you and your
suppliers
Improve Supplier Communications
With Oracle Fusion Supplier Portal, your suppliers gain access to
a secure, integrated work area that provides full visibility to
transactions, offers closed loop collaboration, and enables
electronic invoicing. Instead of struggling with disparate
systems, faxes, emails, or voice messages, suppliers can access a
secure work area that provides a complete summary of all
transactions that require attention. With just a few clicks,
suppliers get the most current status of negotiations,
agreements, purchase orders, advance shipment notifications,
and invoices. By providing instant access to the most current
information a, you can enable them to better serve your
business.
Broaden Supplier Self-Service
Oracle Fusion Supplier Portal makes it easy to expand self
service to almost any supplier by providing an intuitive,
browser-based solution. And it increases the variety of self-
service transactions by providing a solution that is integrated
across the entire source-to-settle lifecycle. By broadening
supplier self service, you can eliminate supplier’s repetitive
phone inquiries, manual paper processing, and
miscommunication. For example, supplier catalog authoring
allows suppliers to maintain item pricing and descriptions with
only minimal intervention by procurement staff. Likewise,
suppliers can manage their own order related tasks such as
providing acknowledgements, advanced shipping notices, and
change requests. All supplier change requests are tracked,
routed, and approved to ensure controls are maintained.
Suppliers can also submit invoices electronically, allowing you to
reduce unnecessary paper handling, enforce invoice controls,
and improve the timeliness of payments.

Enable Supplier Registration

It is easy and quick to enable suppliers to use Oracle Fusion
Supplier Portal. Suppliers can be quickly on-boarded through a
simple online registration process. And once they are active,
suppliers can easily manage their contact information to ensure
that you have up to date and accurate information. Suppliers
can also manage their business classifications during
registration. This gives you easy access to supplier diversity
information which is critical to compliance and reporting.

Oracle Fusion Cloud Procurement Contracts

Gain complete visibility into agreements, shorten cycle-times,
and manage compliance with Oracle Procurement Contracts. A
key part of Oracle Fusion Cloud Procurement and Oracle Fusion
Cloud Enterprise Contract Management solutions, Oracle
Procurement Contracts is the modern application for superior
contract lifecycle management.

TAKE CONTROL OF YOUR CONTRACT MANAGEMENT PROCESS

Organizations typically produce contracts that differ
dramatically based on the supplier, category of purchase, and
contracting officer involved in negotiating the document.
Producing a low risk and high-quality contract in this
environment can challenge even the most dedicated
procurement and legal departments. Are the right clauses and
service levels in place? Did the right people approve? Are you
going to get what you negotiated? Oracle Procurement
Contracts can help you take control of the contracting process,
reduce risk, and achieve world-class results. As part of the
integrated Oracle Fusion Cloud Procurement suite, you can
negotiate agreements with Oracle Procurement Contracts that
follow your policies and deliver unprecedented visibility and
compliance.

STANDARDIZE CONTRACTING PROCESSES

Oracle Procurement Contracts helps you create quality
contracts faster and reduce risk with enterprise standards,
policies that govern their use, and flexible tools. You can boost
contract quality by ensuring that your contract creators adhere
to established contracting policies. You can use flexible approval
rules to ensure that every contract gets the right amount of
review. Oracle Procurement Contracts expedites the contracting
process by automating these rules and policies, enabling your
contract authors and legal department to focus energy on
higher-value and higher-risk areas while streamlining the
process for typical agreements. Oracle Procurement Contracts
allows you execute best practices consistently across all of your
contracting activity by establishing a library of standard contract
terms and pre-approved templates. You can establish rules to
guide authors as to when alternate or additional clauses might
be appropriate based on the specifics of a particular contract.
Regional administrators may tailor standards for local or
country specific regulations or translate them to a local
language. Templates also provide consistent style and layout.
Completed contracts may be output in PDF, hardcopy, or
Microsoft Word format for consistent printing or email
transmission.
GAIN COMPLETE VISIBILITY TO CONTRACTS
Having visibility and staying on top of contract activity helps you
maximize the value of negotiated agreements. Oracle
Procurement Contracts allows you to quickly find contracts and
related documents through structured search terms, free-text
searches, contract tags, as well as through enterprise-wide
search engines. In addition to tracking the legal contract
document, you can connect to the underlying purchasing
agreement transaction in your execution system. This allows
you complete visibility both to the contract itself and to its
usage activity.
MAXIMIZE COMPLIANCE AND REDUCE CONTRACT RISK
You will often encounter situations in the course of negotiating
a contract where either you or the supplier needs to change the
terms. Oracle Procurement Contracts captures these updates
easily in Microsoft Word and, more importantly, recognizes
them as requiring special attention during the review and
approval process. An adding for Microsoft Word allows you to
access the terms and conditions library directly from the
document. You can automatically add additional approvers and
summarize the important deviations from standard policy. You
can also track the deliverables and service level agreements
captured in the contract and monitor the contract over its life,
ensuring you’re realizing the benefits you negotiated.

Configure Electronic Signature for Purchasing Documents

Before your organization can use electronic signature

functionality for purchasing documents, you must enable the
feature and perform some setup steps. After the setup is
complete, authorized users in your organization can use the
electronic signature functionality with purchase agreements,
purchase orders and change orders.
To set up electronic signature for purchasing documents, you
must complete following tasks:
  Obtain a license from and register with the supported
third-party electronic signature service provider.
 Enable the feature in the Procurement offering.
 Set up the Manage Electronic Signature page.

How You Register with a Service Provider

Your organization must first obtain a license directly a

supported third-party electronic signature service provider.
After the license is obtained, you must set up an account for
your organization on the third party web site. You must add
individual users in your organization as members to the
account. These are users, such as buyers, who require the
ability to send purchasing documents for electronic signature.