Oracle Fusion Cloud Procurement

Oracle Fusion Cloud Procurement is an integrated source-to-settle suite that automates business processes, enables strategic sourcing, improves supplier relationship management and simplifies buying resulting in lower risk, improved savings and greater profitability.

Supplier management: Increase agility with supplier qualification management

Streamline supplier collaboration Enable suppliers to manage activities and document the transactions with an easy-to-use, self-service portal that provides access to supplier onboarding, registration, negotiations, profile management, catalogs, orders, shipments, invoices, forecasts, and more. Gain a single source of unified, integrated supplier information including required certificates and financial performance. Maximize supplier performance Leverage supplier performance management to measure and optimize performance of strategic suppliers through scorecards and incentivization. Assess suppliers and minimize disruptions through structured evaluations that include risk attributes, regulatory certifications, and supplier capabilities. Reduce supplier risk Qualify suppliers during onboarding. Gain constant visibility into suppliers and proactively mitigate risk to ensure continuous supply. Monitor risk factors across finance, capacity, compliance, ESG, CSR, and cybersecurity that could potentially impact your supply chain.

Sourcing: Deliver greater value through strategic sourcing

Reduce costs and increase value Leverage analytics to identify opportunities for cost savings, spend consolidation and receive greater value from suppliers. Develop programs to manage your supply base more effectively and improve business outcomes. Optimize sourcing productivity Increase efficiency and savings with generative AI–powered supplier recommendations and negotiation summary authoring. Gather requirements from internal experts and speed RFX creation through guided authoring, built-in collaboration, editing, and approval workflows. Initiate negotiations faster. Improve productivity and time to value Leverage sourcing best practices, proactively monitor and evaluate negotiations against savings goals. Make better and quicker awards using analytics-driven recommendations to maximize value and increase savings.

Procurement contracts: Manage supplier contract lifecycle and compliance

Accelerate contract creation Streamline contract creation with MS Word and improve productivity during drafting and negotiations using guided authoring, pre-approved templates and legal clauses. Built-in collaboration and approval flows speed contract completion. Enable standards compliance Enable business users to draft, negotiate and amend contracts with minimal legal involvement. Ensure conformity to corporate policies and legal standards while improving efficiency, quality, risk protection and business partnerships. Mitigate supplier risk Streamline contract negotiations and compare proposed changes to standard terms. Quickly resolve differences with required approvals, audit trails and eSignatures resulting in compliant contracts and risk mitigation. Improve contract visibility Easily locate supplier contracts using a secure, searchable, centralized repository. Gain complete visibility into contract portfolio and obligations, risks and required amendments. Receive advance alerts of expiring contracts.

Purchasing: Streamline shopping and manage spend

Simplify the shopping experience Simplify employee shopping and maximize user adoption with a consumer-like, guided experience. Intuitive search allows you to quickly find the goods and services you need at negotiated prices and ensure compliant buying. Improve spend compliance Realize cost savings by directing purchases to approved suppliers offering negotiated prices. Configure approval rules to ensure spend compliance and simplify exception management on all platforms including smart phones and tablets. Streamline purchasing and payments Simplify purchasing with automated purchase order creation from approved requisitions. Easily manage revisions with full change history. Automated invoice processing and supplier rebate management enables you to minimize workload, reduce errors, and accelerate supplier payments.

Direct procurement: Manage direct materials, services, and complex procurement

Achieve resilient manufacturing and operations Maintain supply chain resiliency and execution through the steady flow of materials and services enabling your core business operations to avoid risks, maximize uptime and achieve planned production levels and revenue targets. Manage project-driven supply chains Manage risk and improve efficiency through products and services delivered to specific projects. Ensure end to end supply integrity, accurate cost allocation and customer invoicing based on percentage or milestone completion. Deliver the perfect order Provide better customer service, rapid order processing and maximize fill rates with back-to-back and drop ship fulfillment. Avoid stockouts across locations through automated replenishment purchases while optimizing cashflow.

Procurement analytics: Increase business value through analytic insights

Automate spend classification Use embedded AI to review data and recommend category classification for requisitions, purchase orders, invoices, and expenses. Both reclassified data and the original classifications are available for financial reporting. Identify value opportunities Analyze company spend across multiple dimensions including category, business unit, geography, and cost center. Gain actionable insights into spend patterns to rationalize your supply base and negotiate better pricing and value. Improve category intelligence Respond to shifting market dynamics through data-driven insights and strategies. Identify changes in supply and buying needs and find best in class suppliers through more effective sourcing to attain better businesses outcomes. Manage supplier performance Gain insight into supplier performance against contractual obligations such as price, service and delivery performance. Identify areas for supplier diversification, improvements in execution and quality while mitigating risk.

Track environmental impact

Calculate greenhouse gas emissions from your supply chain Meet regulatory and stakeholder requirements for supply chain emissions reporting by capturing supplier, item, and invoice data in Cloud ERP. Track environmental data using accounts payable invoices Track and report your company’s environmental impacts in Cloud ERP by capturing data from purchases of fuel, energy, water, and waste management from supplier invoices.