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Oracle Sourcing
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Agenda
Overview
Features
Negotiations Using Request For
Quotation (RFQ)
Request For Information (RFI)
Auctions
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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
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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.
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Negotiations Using Request For Quotation
(RFQ)
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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 theauction 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 isunsealed.
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Request For Information (RFI)
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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.
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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.
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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
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Auction Styles
Open In an open auction all Exchange members participating in the
auction can see the bids in the auction, though the bidder identityis concealed.
Open auctions encourage competition among bidders to submitthe 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 auctionis unsealed.
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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.