Thursday Oct 24, 2013

Oracle Value Chain Summit 2014 - Early Bird Registration Now Open

Get the Best Rate on the Biggest Supply Chain Event of the Year. Register Now and save $200.

Join more than 1,000 of your peers at the Value Chain Summit to learn how smart companies are transforming their supply chains into information-driven value chains. This unparalleled experience will give you the tools you need to drive innovation and maximize revenue.

Date: February 3-5, 2014
Location: San Jose McEnery Convention Center

Click here to learn more

Thought-Leading Speakers
Top minds and tech experts across industries will share the secrets of their success, firsthand. Prepare to be inspired by speakers like Geoffrey Moore, business advisor to Cisco, HP, and Microsoft and best-selling author of six books, including Crossing the Chasm.

Customized Experiences
Choose from more than 200 sessions offering deep dives on every aspect of supply chain management: Product Value Chain, Procurement, Maintenance, Manufacturing, Value Chain Execution, and Value Chain Planning.

Unrivaled Insight & Solutions
Hands-on workshops, product demonstrations, and interactive breakouts will showcase new value chain solutions and best practices to help you:
-  Grow profit margins
-  Build products – faster and cheaper
-  Expedite delivery
-  Increase customer satisfaction

You don't want to miss this once-a-year event.
Register Now to secure the Early Bird rate of $495 - the lowest price available.

Tuesday Aug 27, 2013

Is Procurement Automation Effective? What Procurement Leaders Say

Is Procurement Automation effective?  Well that depends on if you are a Procurement Leader or content to be less than stellar.  According to a recent study by IBM, The 2013 Chief Procurement Officer Study, top performers found Procurement technology solutions to be between 97-99% effective depending on the solution.  Most compelling was Supplier Relationship Management (SRM) with 94% of top performers finding SRM to be Above Average or Excellent in effectiveness followed closely by Contract Management.

The conclusion by IBM, "Top performers are, by a considerable margin, more adept than underperformers is using procurement technologies."

How can procurement technologies help you to become a top performer? 

Wednesday Jul 24, 2013

Audience Questions from our Webinar - Key Procurement Issues for 2013: Going Broader and Deeper- Webinar Replay

The response was tremendous to our recent webinar with Chris Sawchuck from The Hackett Group along with Chris Nelms of Ameren.  Lots of great information along with some interesting questions some of which we captured here.  If you are interested in trends and solutions for procurement you need to view the webinar replay here or download The Hackett Group Report: Key Procurement Issues for 2013.  

 Of the borders you discussed: process, geography and information, which presents the greatest challenges? 

Chris Sawchuck: Overall we’ve made good strides in process and geography. Information, it’s the biggest challenge and also the biggest opportunity. The future of procurement is a lot about the information and the intelligence we can provide to our internal stakeholders. Our ability to harness all the aspects and turn that into intelligence that our businesses can turn around and make decisions against. How do we get our arms around all the sources of information that exist in systems both inside our companies and outside our companies as well as with the people? We need to capture this information and use it to enable the business processes that we have.

What were the biggest challenges around implementing your procurement system?

Chris Nelms: The people aspect was the biggest problem. We were able to keep the issues closed which helped. Once we decided on something we didn’t change our mind, despite pushback. That combined with trying to keep everything vanilla without a lot of customization.

What are some of the key ways companies have used to break down geographic borders to implement common processes when underlying legal systems vary greatly?

Chris Sawchuck: What I’ve seen companies do is come together to design processes in a more common way, center led. And it’s important to involve all stakeholders including finance and audit groups along with procurement. And then go out to the business and look for exceptions that can be approved exceptions. Versus having the variables that tend to exist in many organizations.

What approach did you take with suppliers to get them to use your supplier portal?

Chris Nelms: For iSupplier portal it benefits us both. It streamlines the flow and it’s really easy to use. They pick up their PO, they get a pdf of the order. We can reduce the cycle time and pay them within the agreed upon terms. Eventually you start building it into the contracts, you’re going to use iSupplier Portal. 

Tuesday Jul 09, 2013

Why Supplier Enablement is Critical

Your employees won’t use a self-service procurement system if it is not connected to most of their relevant suppliers. If end users don’t find the products they need in the system, it won’t have value to them. Maverick buying will result, less spend will be managed, and the consequences are lost savings. A waste of all the negotiations you have conducted in order to save money. 

The reason most companies don't enable more suppliers is simply a matter of resources, time, and IT complexity. Large suppliers are very sophisticated and may have the ability to hook into customers through direct integrations with their systems, typically through electronic data interchange or extensible markup language (XML). Small companies can connect through a supplier portal, where they can view and manage transactions. That leaves a forgotten middle tier that are too small and may not have the resources to connect into a supplier network in an automated fashion, but have sufficient volume of business to make using a manual supplier portal cumbersome. This tier of suppliers is less likely to be enabled, in fact the average company only enables a handful of companies less than 10% of their total supply base!   Though the other 90% may not have the same dollar volume they still represent a huge number of transactions which creates a burden on your company to process and collaborate with suppliers around POs, invoices and status. 

Oracle now offers an important solution that combines Oracle Supplier Network, with Oracle iSupplier Portal, or Oracle Fusion Supplier Portal, or Oracle PeopleSoft eSupplier Connection and services and solutions delivered by Oracle partner Transcepta, that enables supplier/network connections. Oracle Supplier Network provides a free way to connect with a core group of suppliers that support XML and have the IT resources to establish the connection. A supplier portal provides transaction management for small suppliers.

For customers that would like to connect thousands of suppliers as opposed to only their top 20, Oracle partners such as Transcepta can enable all suppliers with an automated connection, regardless of sophistication level, system, or transaction volume. This means customers can finally connect the forgotten middle tier—gaining a greater ability to manage spend. Plus, Transcepta can provide value-added tax compliance where required.

Learn more by downloading the whitepaper Maximize Supplier Enablement for Procure-to-Pay Success.  

Wednesday Jul 03, 2013

A Year of Upheaval for Procurement Professionals-New Report & Webinar

2013 will see significant changes in priorities and initiatives among procurement professionals as they balance the needs of their enterprises with efforts to add capabilities for long-term procurement success. In response, procurement managers will expand their organization’s spend influence via supplier relationship management, sourcing, and category management. 

These findings are part of the new report, “2013 Procurement Key Issues: Going Deeper and Broader to Deliver Borderless Procurement Services,” by the Hackett Group. The authors say that compared to similar studies over the last five years, 2013 is registering the greatest year-over-year changes in priorities for both procurement performance and capability issues.

Three Important Priorities
The survey found that procurement professionals are focusing their attention in three key areas.

  • Cost reduction. Controlling expenses is always a high priority, but with 90 percent of the respondents now placing this at the top of their performance concerns, the Hackett analysts say this “clearly shows that, for better or worse, cost reduction is king” in 2013.
  • Technology innovation. Innovation has shot up significantly in the priority rankings and is now tied with spend influence for second among procurement professionals. Sixty-five percent of the survey participants said pursuing game-changing innovation and technology is a top procurement initiative.
  • Managing supply risk. This area registered a sharp rise in importance because of its role in protecting profits, Hackett says. Supplier compliance with performance milestones and regulatory requirements is receiving particular attention, with an emphasis on efficient management of cross-functional workflows. “These processes create headaches for suppliers and buyers alike, and can detract from strategic value creation when participants are bogged down in processing paper and spreadsheets,” the report explains. 

For more insights into the current state of the procurement industry, download the full report, “2013 Procurement Key Issues: Going Deeper and Broader to Deliver Borderless Procurement Services” and watch a Webcast featuring Global Procurement Advisory Practice Leader for The Hackett Group, Chis Sawchuk, and Managing Supervisor of Supply Chain Processes and Systems for Ameren, Chris Nelms. 

Tuesday Feb 07, 2012

A Three Minute Tour of Oracle Fusion Procurement Applications

There has been lots of excitement about Oracle Fusion Applications. So to give customers a quick peek, Oracle has published  a series of short videos that provide solution overviews. There’s list of online demo’s available on oracle.com. Or you can use this  link for direct access to the procurement video. We had fun making it so hope that you enjoy watching it.

Tuesday Jan 10, 2012

Have Three Minutes? Spend Them Watching (e-Three) TV

e-Three is one of Oracle’s most valued procurement partners because of its world-class service and unparalleled expertise. And thanks to the launch of e-Three TV, it is easy for customers to take advantage of their knowledge. Check out http://www.e-three.com/tv/ for informative, easily understood videos that explain exactly how organizations can deliver increased savings and efficiency from improving procurement. It tackles a variety of topics including Oracle procurement applications on the cloud, spend visibility, strategic sourcing, contract compliance, supplier management, and analytics. Whether you’ve got three minutes or thirty, they are well spent watching e-Three TV.

Tuesday Nov 01, 2011

Oracle at Aberdeen's Cheif Procurement Officers Summit

Oracle is proud to be a sponsor at CPO Summit, taking place November 15-16, 2011, in Boston, MA. Over the past six years Aberdeen Group’s Chief Procurement Officer Summit has established itself as the preeminent symposium for global procurement executives. This year’s Summit, The CPO as Innovator, Collaborator, and Strategist, will examine how this multi-faceted executive role can enable increased efficiency, reduce costs, optimize processes, and, ultimately, increase profitability. For more detail and information on registration please see http://www.oracle.com/webapps/events/ns/EventsDetail.jsp?p_eventId=140725&src=7262267&src=7262267&Act=7.

Tuesday Aug 24, 2010

AT&T's 12.1 Upgrade Story

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A Blog about how Oracle helps organizations transform their supply chains into more holistic and integrated value chains that cover the three key operational pillars; Demand, Supply and Product.

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