Oracle SSI

Oracle Sourcing is the enterprise application that drives more and better sourcing through online collaboration and negotiation. It is a key component of Oracle Advanced Procurement, the integrated suite that can dramatically cut all supply management costs. Buyers use Oracle Sourcing for getting the best deals by using online collaboration tools, sharing information with multiple suppliers, conducting bids & auctions, and finalizing contracts and agreements. This also dramatically reduces sourcing cycle time and creates a complete audit trail of supplier commitments.

But, what happens when buyers turn sellers? Can their existing Sourcing system be used for selling their wares?

Solution

The Forward Auction Solution developed by Oracle SSI is an extension to standard Oracle EBS R12, that helps organizations effortlessly use Oracle Sourcing to host & award buying and selling auctions in the same application.

Key Features

• Ranking logic to reflect highest price as highest ranking
• Graphs to reflect highest price bid as best bid
• Proxy bid function to increase the bid price by proxy increment
• Forward auction PDF report for all suppliers who have been awarded
• Award Notification to show the details of line, bid, amount, quantity awarded to supplier
• Bidders search criteria enhanced with Auction Type, Organization Name and Country

Key Benefits

• Obtain real time access to a global base of buyers
• Sell all goods and services at highest cost with internet-based business practices using Forward Auction

For further information on the solution, contact Gururaj TS, Group Head - Industry Solutions, Oracle SSI.