Oracle Fusion Procurement offerings

Objective:

In the first article we discuss the offerings available with Oracle Fusion procurements together with its key features and benefits.

Oracle Fusion Procurement Offerings:

Oracle Fusion procurement has following modules:

Self Service Procurement: This module is similar to e-commerce sites like Amazon, Yep me, etc., where we can create the requisition by selecting the products from the catalog. Here we can compare the products side by side and shop for the product chosen.
Sourcing: In this module RFQ is created and sent to the suppliers for their response.
Purchasing: Basic procurement like purchase order creation, etc are handled in this module.
Supplier Portal: It is similar to i-supplier portal in R-12.
Procurement Contracts: In this module we can build the contracts based on certain conditions. It also has approval process.

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Oracle Fusion Procurement – Key Features:

Key features of oracle fusion procurement are:

Consumer user experience
Interactive help and training
Best in class catalog management- example is Self Supplier procurement
Requester analytics- comparison of prices with the help of chart & graphs
Flexible accounting rules
Support of notes and assignments
Smart Forms
Negotiation planning with sourcing calendar, recent activities and recommended actions
Guided negotiation creation with reusable negotiation styles and templates
Online supplier negotiations
Collaboration with key stakeholders
Consolidated view of sourcing activities for buyers and suppliers
Spreadsheet support for supplier responses and award analysis
Support for centralized, decentralized and hybrid procurement organizations.
Buyer work area
Multi-currency, Multi-Language support
Streamlined order processing and changed management
Control approvals by amount, business unit, account segment, item, category and location.

Oracle Fusion Procurement – Key Benefits

Key benefits of oracle fusion procurement are: