How Oracle Fusion Procurement Add Value

Posted by ERPTREE on January 17th, 2020

In the present business setting, competent Procurement techniques, methodologies and processes play a critical part in offering a competitive edge both operationally & financially for any organization regardless of the size, nature of business, products dealt with, area of operations etc. Corporate sectors these days have realized the significance of streamlining & strategizing procurement processes as it makes a massive difference to the revenue & profitability of the organization.

Oracle Fusion Procurement which is a part of the Oracle Fusion Application suite offers a fair set of benefits in facilitating advanced supply management:

• The application is designed to set a regimented procurement environment offering relevant insight & operational rights to procurements users at different levels in the Procurement chain and different levels in the organizational hierarchy.
• Well-defined workflow across the Oracle Fusion Procurement suite offers right access to necessary users with needed rights to conduct particular actions during the lifespan of the Procurement process. This’d thwart compliance gaps, help track user actions, spot user errors and bring in responsibility to each action of any user across the chain.
• User-friendly & customized role based dashboard alongside user worklists and watch lists lets procurement users and management to recognize and screen areas that need instant attention and also capitalize on opportunities that’d earn more business.
• Embedded analytics emphasizing on business intelligence offers crucial info to the management, daily users and suppliers. It provides for understanding of consumer spending behavior, procurement expenditures and supplier timelines and performance. Reports created through advanced analytics on procurement information help the organization in engineering strategies & aligning them to the business objectives, spotting opportunities, and monitoring trends.
• This application provides for inbuilt universally followed contract standards with the required flexibility to make business operations simpler while operating in a global economy.
• Integrating Sourcing capabilities of Oracle Fusion Procurement applications helps discover opportunities for savings, prioritize procurement actions and negotiate contracts and agreements assuring collaboration with internal and external systems and parties and compliance with locally & internationally accepted standards.

Another important aspect to note is the Oracle Fusion Procurement Applications facilitate end user self service to a great extent. The user interface being easy to comprehend & adopt - boosts efficiency in operations, enhances consumer shopping experience, encourages supplier enablement & end user satisfaction.

For the top Oracle Fusion Procurement Training online get in touch with ERPTREE now.