Oracle Advanced Procurement is an integrated suite of software that dramatically cuts all supply management costs, and gives you the tools to conduct procurement as a strategic discipline. It adapts to your purchasing processes, supporting any combination of procurement model.
Oracle Advanced Procurement includes the following components:
- Oracle Purchasing helps buying professionals streamline PO processing while strengthening compliance. This is the component that underpins all the others.
- Oracle Sourcing improves the effectiveness and efficiency of strategic sourcing. Online collaboration and negotiation tools take advantage of built-in templates to run RFI, RFP, RFQ and bid processes.
- Oracle iProcurement controls employee spending and streamlines ordering through a familiar internet shopping interface.
- Oracle Services Procurement enables complete control and oversight for services spending.
- Oracle Procurement Contracts creates and enforces better purchasing contracts by utilising a robust contract terms library.
- Oracle iSupplier Portal structures all supplier communications through a secure, internet-based portal with online PO collaboration and paperless fulfillment and payment.
- Oracle Supplier Network is an electronic transaction service that automates delivery of purchasing and payment documents.
Throughout the suite, templates and controls are used to streamline your processes and enforce policy compliance. Non-standard or compliant purchases are flagged as exceptions, while compliant purchases within pre-defined tolerances can be automated from start to finish. With a robust purchasing transaction backbone and complete finance integration, the software provides complete procure-to-pay automation. Touchless buying for routine transactions makes buyers more productive and frees procurement professionals to focus on the most strategic activities.
Oracle Advanced Procurement supports real-time performance management, driving full visibility and ensuring clear accountability. Dashboards give you access to real time key performance indicators such as contract leakage and current spend. Suppliers and employees are empowered with simple tools to query and track their transactions.
Asparona has a successful track record of working with customers to implement these products, and can use ‘real life’ experience to identify the best components that will work for you in the following three areas:
- Enforce Policy Compliance
- Reduce spend on goods and services
- Streamline Procurement Process
Summary
The Advanced Procurement solution provides an end-to-end procure-to-pay solution that processes on-line requisitions for products and services, creates and manages purchase orders, supports creation of requests for quotations, effectively receipts goods and services, while providing full on-screen access to users to review the status of all procurement activities. In addition the solution supports strategic sourcing, contract management, employee and supplier self-service, and supplier collaboration.
Once implemented the Advanced Procurement solution will provide savings that will be sustained year after year.