Scribd Logo
Upload

Welcome to Scribd!

  • 288 views

    I Sourcing

    Uploaded by

    Vinay Varma
    Oracle Sourcing is a complete global sourcing platform that allows buyers to optimize suppliers, reduce costs, improve relationships, and find best value. It streamlines the sourcing process through end-to-end automation and provides a web-based platform for buyers and suppliers to conduct negotiations using request for quotations, request for information, and auctions. Key features include reusable supplier lists, multiple bidding styles for negotiations, and an online help system for buyers and suppliers.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPT, PDF, TXT or read online from Scribd

    I Sourcing

    Uploaded by

    Vinay Varma
    288 views12 pages
    Oracle Sourcing is a complete global sourcing platform that allows buyers to optimize suppliers, reduce costs, improve relationships, and find best value. It streamlines the sourcing process through end-to-end automation and provides a web-based platform for buyers and suppliers to conduct negotiations using request for quotations, request for information, and auctions. Key features include reusable supplier lists, multiple bidding styles for negotiations, and an online help system for buyers and suppliers.

    Original Description:

    Isourcing

    Original Title

    I sourcing.ppt

    Copyright

    © Attribution Non-Commercial (BY-NC)

    Available Formats

    PPT, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Oracle Sourcing is a complete global sourcing platform that allows buyers to optimize suppliers, reduce costs, improve relationships, and find best value. It streamlines the sourcing process through end-to-end automation and provides a web-based platform for buyers and suppliers to conduct negotiations using request for quotations, request for information, and auctions. Key features include reusable supplier lists, multiple bidding styles for negotiations, and an online help system for buyers and suppliers.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPT, PDF, TXT or read online from Scribd
    Download as ppt, pdf, or txt
    288 views12 pages

    I Sourcing

    Uploaded by

    Vinay Varma
    Oracle Sourcing is a complete global sourcing platform that allows buyers to optimize suppliers, reduce costs, improve relationships, and find best value. It streamlines the sourcing process through end-to-end automation and provides a web-based platform for buyers and suppliers to conduct negotiations using request for quotations, request for information, and auctions. Key features include reusable supplier lists, multiple bidding styles for negotiations, and an online help system for buyers and suppliers.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPT, PDF, TXT or read online from Scribd
    Download as ppt, pdf, or txt
    of 12

    Oracle Sourcing

    Agenda
    Overview

    Features
    Negotiations Using Request For Quotation (RFQ) Request For Information (RFI) Auctions

    Oracle Sourcing is a complete and integrated global sourcing platform which allows buyers to optimize the supply base, reduce sourcing costs, improve supplier relationships, and source for best value.

    Oracle Sourcing is the application that improves the effectiveness and efficiency of strategic sourcing. It is a key component of Oracle Advanced Procurement, the integrated suite that dramatically cuts all supply management costs.
    Oracle Sourcing helps an Organization streamline the sourcing process with end-to-end business automation by providing an easy-to-use, web-based platform for both the buyer and the suppliers to conduct negotiations.

    It also provides a complete online help system to provide answers to questions from both buyers and suppliers

    Sourcing Features
    With Oracle Sourcing, users can create reusable invitation lists (i.e. Suppliers Lists). Suppliers are classified based on some common characteristics i.e. Suppliers for Handsets, Suppliers for Batterys etc.

    Negotiations Using Request For Quotation (RFQ)

    Terminology
    RFQ: Request for Quotation Quotation: A response to a RFQ Styles of RFQ: Blind and Sealed Blind : In a blind auction or RFQ, only the creator of the auction or RFQ can see the bids Sealed: In a sealed auction or RFQ, the auction or RFQ creator cannot see the bids or quotations until the auction or RFQ is unlocked. The participants in the auction or RFQ cannot see the bids or quotations until the auction or RFQ is unsealed.

    Request For Information (RFI)

    Request For Information- RFI


    RFIs are used for gathering information from Suppliers about goods and services.
    In RFIs buyers can choose to define negotiation line items without price and quantity. Buyers can specify the lists of criteria to which suppliers must respond. For Ex: An Organization is trying to acquire a Purchasing Application. The level of product support a supplier can provide. The specific platforms the product can run on.

    Request For Information- RFI- Contd


    RFI can be taken for multiple rounds of information gathering. To take an RFI to a new round, it must first be closed. On the Negotiations Summary page, select Start New Round to be chosen from Actions menu.

    Once the suppliers have been identified, the RFIs can be closed, and the information gathered can be used to create a RFQ or Buyers auction.

    Auctions
    Oracle Sourcing allows buyers to conduct auctions for goods or services. A response to an auction is called a bid. Auctioners can chose whether to allow multiple rounds of bidding. Styles of auction: Open, Blind and Sealed

    Auction Styles

    Open
    In an open auction all Exchange members participating in the auction can see the bids in the auction, though the bidder identity is concealed. Open auctions encourage competition among bidders to submit the best possible price.

    Blind
    In a Blind auction only the creator of the auction or RFQ can see the bids.

    Sealed
    In a sealed auction the creator cannot see the bids until the auction is unlocked. Participants in the auction cannot see the bids until the auction is unsealed.

    Types of Bid

    Proxy Bidding
    Proxy bidding allows the Exchange to automatically re-bid on the bidder's behalf whenever a competing bid price beats the bidder's bid price within a set limit.

    Power Bidding
    Power bidding allows bidders to streamline their re-bidding when they have bid on several items in the same auction using power bidding, all of a bidder's bids (both losing and winning bids) in an auction will be improved by the percentage the bidder enters in the "Power Bid" field.

    You might also like