10 Good Reasons for Using Oracle EBS Advanced Procurement Dave Simpkins Irene Griffith Introduction Turnover $1,000,000 $1,000,000 $1,500,000 Purchasing $ 500,000 $450,000 $750,000 Other Expenses $400,000 $400,000 $600,000 Profit $ 100,000 $ 150,000 $ 150,000 Procurement Process RFQ Template Identify Need Contract Management Process Compile RFQ Define Evaluation Criteria Publish RFQ RFQ Direct to Suppliers ? Supplier Views RFQ Forward RFQ to Suppliers Supplier in System? Supplier Approved On-Line Supplier Determined RFQ Evaluated Suppliers Respond to RFQ Supplier Self Request Supplier Contract Created Supplier Contract Signed Supplier Catalogue Downloaded Item Details Updated Purchasing and Payable Process Contract Management Process Purchasing & Payable Process Procurement Process Raise Requisition Review and Update Requisition Approve Requisition Receive Supplier’s Invoice Match Receipt to PO Receive Goods Convert Requisition to PO Capture Supplier’s Invoice Match Invoice to Goods Received Pay Supplier End of Process Contract Management Process Contract Management Process Procurement Process Purchasing & Payable Process Establish Standards Author Contracts Approve and Sign Monitor & Track Procurement Process Renew / Extend / Expire? Review / Manage Expiry Amend End of Process 10 Good Reasons for Using Oracle EBS Advanced Procurement Business Reasons • It makes good business sense • It allows the end-to-end flow of information through the entire Procurement, Purchasing and Payables Process • It supports better negotiations and supplier selection • It enables supplier collaboration • It manages the establishment, operation and ending of supplier relationships through the use of effective contract management 10 Good Reasons for Using Oracle EBS Advanced Procurement Systems Reasons • Suppliers proactively manage their catalogues and account – within boundaries you define • Automate as much or as little of the Procure to Pay process as you want • Full control over the entire process is maintained – based on your business rules • Electronic tracking of approvals and exceptions • Single Source of Truth – full supplier history from start to finish Q&A? Thank You