Monday, June 6, 2011     17:19

Frequently Asked Question

1. What is Oracle Procurement Services?
Oracle Procurement Services conveys oversight to service categories. Through managing services procurement with step-by-step online processes, your organization can save money on simple and multifaceted categories from depending labor to complex business services. Oracle Services Procurement assistances you source and manage services for maximum savings.

Oracle Sourcing is the initiative application that drives more and better sourcing through online collaboration and negotiation. It is an important component of Oracle Advanced Procurement, the combined suite that can intensely cut all supply management costs.

3. What are the Benefits of Oracle Procurement Services?
Regulate contract procedures—generate quality contracts quicker and reduce risk by implementing enterprise standards, policies that govern their use, and tools to agree flexible administration.
Decrease time-to-contract—cut conciliation-cycle time with a flexible workflow and revision procedure that makes legal and commercial terms directly visible to selected parties.
Exploit Preferred Supplier Savings: Generate and enforce better agreements, enforce preferred supplier use in every demand, and set policies for services spend approval.


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