Oracle Fusion Cloud SCM Procurement Sourcing Latest Ver-24C

Description

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 Description

Course Title: Oracle Fusion Cloud SCM Procurement Sourcing

Target Audience:

- Procurement Managers

- Sourcing Specialists

- Buyers

- Category Managers

- Supply Chain Professionals

- IT Consultants implementing Oracle Procurement solutions

Course 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.

Who this course is for:

• Beginners curious about Oracle Fusion SCM Procurement
• Beginners curious about Procurement process