Overview

The Oracle Fusion Cloud SCM Procurement Sourcing Course is designed to provide a comprehensive understanding of the sourcing and procurement capabilities within Oracle Fusion Cloud Supply Chain Management (SCM). This course covers the end-to-end procurement process, focusing on sourcing strategies, supplier collaboration, and the efficient management of negotiation events like RFQs (Request for Quotation), RFPs (Request for Proposal), and auctions. Course DescriptionCourse Title: Oracle Fusion Cloud SCM Procurement SourcingTarget Audience:- Procurement Managers- Sourcing Specialists- Buyers- Category Managers- Supply Chain Professionals- IT Consultants implementing Oracle Procurement solutionsCourse Objectives:1. Understand Oracle Fusion Sourcing: - Learn the fundamentals of Oracle Fusion Cloud Sourcing and how it fits within the broader Supply Chain Management and Procurement framework. - Understand the features and benefits of using Oracle Cloud for sourcing and procurement.2. Set Up and Configure Sourcing: - Configure sourcing events (RFQs, RFPs,RFI and auctions) using Oracle Fusion Sourcing. - Set up suppliers, items, and other key elements required for sourcing events. - Customize negotiation templates and styles.3. Execute Sourcing Events: - Create and manage different types of negotiation events such as Request for Information (RFI), RFQ, RFP, and auctions. - Invite suppliers, configure bid rules, and set timelines for negotiations. - Manage reverse auctions and understand the competitive bidding process.4. Supplier Collaboration and Evaluation: - Collaborate with suppliers during the negotiation process. - Evaluate supplier responses based on price, compliance, and other weighted scoring criteria. - Perform supplier onboarding and management using Oracle Fusion Supplier Qualification.5. Negotiation Management: - Create and manage 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 sourcing outcomes.6. Reporting and Analytics: - Utilize 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 integration between Oracle Fusion Sourcing and other Oracle SCM modules like Procurement, Contracts, and Supplier Management. - Learn how sourcing fits into the broader Procure-to-Pay (P2P) cycle.# 1. Introduction to Oracle Fusion Sourcing: - Overview of Oracle Cloud and the role of sourcing in the procurement lifecycle. - Key sourcing terms and concepts. - Navigation within Oracle Fusion SCM.# 2. Configuring Sourcing and Procurement: - Setting up suppliers, categories, and items for sourcing events. - Configuring negotiation styles and templates. - Defining sourcing rules and supplier qualifications.# 3. Creating and Managing Negotiations: - Hands-on sessions on creating RFQs, RFPs, RFI and auctions. - Managing time controls, supplier invitations, and bid rules. - Understanding the different types of negotiations and their use cases.# 4. Supplier Collaboration and Bid Management: - Inviting suppliers to negotiations and managing supplier communications. - Receiving, evaluating, and comparing supplier bids. - Supplier scoring and selection processes.# 5. Awarding Negotiations: - Award scenarios and defining award criteria. - Creating purchase orders or contracts directly from awarded negotiations. - Closing negotiations and post-negotiation activities.# 6. Reporting and Analytics: - Configuring dashboards and reports for sourcing performance tracking. - Measuring supplier performance, negotiation savings, and cycle times.# 7. Integration with Other Oracle Modules: - Integration with Oracle Procurement and Contracts. - Supplier management and qualification processes. - Overview of the Procure-to-Pay (P2P) cycle and where sourcing fits. Course Prerequisites:- Basic knowledge of procurement and sourcing processes.- Familiarity with ERP systems or Oracle applications is a plus, but not required.

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