Oracle Fusion Cloud SCM Procurement Sourcing Latest Ver-24C

Master Oracle Fusion Cloud SCM Procurement Sourcing

Gain a comprehensive understanding of Oracle Fusion Cloud SCM Procurement Sourcing with this in-depth course. This training equips you with the skills to optimize your sourcing strategies and streamline your procurement processes within the Oracle Cloud environment.

Who Should Attend?

This course is ideal for:

• Procurement Managers
• Sourcing Specialists
• Buyers
• Category Managers
• Supply Chain Professionals
• IT Consultants implementing Oracle Procurement solutions

Course Objectives:

Upon completion of this course, you will be able to:

1. Understand Oracle Fusion Sourcing: Learn the fundamentals of Oracle Fusion Sourcing and its role within the broader Supply Chain Management and Procurement framework. Discover the benefits of leveraging Oracle Cloud for efficient sourcing and procurement.
2. Set Up and Configure Sourcing: Configure various sourcing events including RFQs (Request for Quotation), RFPs (Request for Proposal), RFIs (Request for Information), and auctions using Oracle Fusion Sourcing. Set up suppliers, items, and other essential elements for successful sourcing events. Customize negotiation templates and styles to fit your organization's needs.
3. Execute Sourcing Events: Create and manage different types of negotiation events – RFI, RFQ, RFP, and auctions. Invite suppliers, configure bid rules, and establish timelines for effective negotiations. Understand and manage reverse auctions to maximize competitive bidding.
4. Supplier Collaboration and Evaluation: Effectively collaborate with suppliers throughout the negotiation process. Evaluate supplier responses based on key criteria like price, compliance, and weighted scoring. Utilize Oracle Fusion Supplier Qualification for efficient supplier onboarding and ongoing supplier management.
5. Negotiation Management: Create and manage various negotiation types, styles, and templates. Automate negotiations using pre-configured templates to streamline procurement operations. Award contracts to suppliers and generate purchasing agreements based on successful sourcing outcomes.
6. Reporting and Analytics: Leverage built-in analytics and reporting tools to evaluate sourcing outcomes. Track procurement savings, supplier performance, and negotiation efficiency using Oracle's reporting dashboards.
7. Integration with Other Modules: Understand the seamless integration between Oracle Fusion Sourcing and other key Oracle SCM modules such as Procurement, Contracts, and Supplier Management. Learn how sourcing integrates into the broader Procure-to-Pay (P2P) cycle.

Course Content:

• Introduction to Oracle Fusion Sourcing: An overview of Oracle Cloud and the crucial role of sourcing in the procurement lifecycle. Explore key sourcing terms and concepts. Navigate the Oracle Fusion SCM interface.
• Configuring Sourcing and Procurement: Setting up suppliers, categories, and items for successful sourcing events. Configuring negotiation styles and templates. Defining sourcing rules and supplier qualifications.
• Creating and Managing Negotiations: Hands-on sessions covering the creation of RFQs, RFPs, RFIs, and auctions. Manage time controls, supplier invitations, and bid rules. Understand different negotiation types and their optimal use cases.
• Supplier Collaboration and Bid Management: Invite suppliers to negotiations and manage effective supplier communications. Receive, evaluate, and compare supplier bids. Implement robust supplier scoring and supplier selection processes.
• Awarding Negotiations: Explore various award scenarios and define clear award criteria. Create purchase orders or contracts directly from awarded negotiations. Close negotiations and manage post-negotiation activities.
• Reporting and Analytics: Configure dashboards and reports for comprehensive sourcing performance tracking. Measure supplier performance, negotiation savings, and overall cycle times.
• Integration with Other Oracle Modules: Explore integration with Oracle Procurement and Contracts. Understand supplier management and qualification processes. Gain an overview of the Procure-to-Pay (P2P) cycle and the critical role of sourcing.

Course Prerequisites:

• Basic understanding of procurement and sourcing processes.
• Familiarity with ERP systems or Oracle applications is beneficial, but not required.