What is Oracle Sourcing?
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. Because strategic sourcing is typically time-consuming and complex, few organizations are able to exploit all available sourcing opportunities. Oracle Sourcing increases the sourcing bandwidth of procurement professionals, so they can exploit many more savings opportunities and capture more value from each.
Company Details
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Real user data aggregated to summarize the product performance and customer experience.
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Product scores listed below represent current data. This may be different from data contained in reports and awards, which express data as of their publication date.
84 Likeliness to Recommend
1
Since last award
98 Plan to Renew
85 Satisfaction of Cost Relative to Value
2
Since last award
Emotional Footprint Overview
Product scores listed below represent current data. This may be different from data contained in reports and awards, which express data as of their publication date.
+83 Net Emotional Footprint
The emotional sentiment held by end users of the software based on their experience with the vendor. Responses are captured on an eight-point scale.
How much do users love Oracle Sourcing?
Pros
- Trustworthy
- Fair
- Reliable
- Continually Improving Product
How to read the Emotional Footprint
The Net Emotional Footprint measures high-level user sentiment towards particular product offerings. It aggregates emotional response ratings for various dimensions of the vendor-client relationship and product effectiveness, creating a powerful indicator of overall user feeling toward the vendor and product.
While purchasing decisions shouldn't be based on emotion, it's valuable to know what kind of emotional response the vendor you're considering elicits from their users.
Footprint
Negative
Neutral
Positive
Feature Ratings
Procurement Management
Catalog Management
Auction Management
Contract Management
Workflow Management
Market Assessment
Supplier Management
Communications
Spend Analysis
Capacity Management
ERFx
Vendor Capability Ratings
Business Value Created
Ease of Data Integration
Vendor Support
Breadth of Features
Ease of Implementation
Quality of Features
Ease of Customization
Ease of IT Administration
Availability and Quality of Training
Product Strategy and Rate of Improvement
Usability and Intuitiveness
Oracle Sourcing Reviews
- Role: C-Level
- Industry: Other
- Involvement: Business Leader or Manager
Submitted Sep 2023
Easy to use
Likeliness to Recommend
Pros
- Helps Innovate
- Trustworthy
- Efficient Service
- Effective Service
Theodore O.
- Role: Finance
- Industry: Finance
- Involvement: End User of Application
Submitted Aug 2023
Excellent procurement tool.
Likeliness to Recommend
What differentiates Oracle Sourcing from other similar products?
The procedure is extremely simple, with all of the functionality required to complete the procure-to-pay cycle. Oracle employs the best industry practices, which are employed here. The user interface, reports, and inquiries are really useful. OTBI reports are excellent for real-time activities. Approvals are simple and available at several levels. Supplier negotiating and supplier registration are quite helpful in identifying the best suppliers for the organization. Oracle Sourcing is a platform that provides numerous options for customers and suppliers without the use of intermediaries.
What is your favorite aspect of this product?
I appreciate Oracle Procurement Cloud because it is software that allows me to streamline, automate, and customize procurement processes throughout the organization. It enables me to carry out a quick and efficient procurement procedure, which enhances my relationship with my suppliers while also lowering my costs. Day-to-day procurement activities such as contract administration, purchasing, negotiation, and even collaboration have been eased for me.
What do you dislike most about this product?
It is still in the maturation stage, but Oracle is taking good care of it. The application gets better with each new release. Sometimes features are stated but are not available until the next version, which might be inconvenient. To find out the status, we must keep up with the SR.
What recommendations would you give to someone considering this product?
It simplifies and organizes my data’s chores and work processes, and its interaction with other systems has helped me solve numerous problems due to its high compatibility. The quality of their cloud service is excellent, and it saves me a lot of time and effort. It is a highly effective solution in its class. The Sourcing module has an outstanding feature set. It appears that I can perform everything in Oracle Sourcing rather than using various tools. RFQ management, punchouts, and so on are beneficial. Completely recommended by me.
Pros
- Helps Innovate
- Continually Improving Product
- Performance Enhancing
- Enables Productivity
Mirah R.
- Role: Operations
- Industry: Consulting
- Involvement: End User of Application
Submitted Dec 2022
Conventional Sourcing Approach
Likeliness to Recommend
What differentiates Oracle Sourcing from other similar products?
Oracle Sourcing Cloud has a suitable cloud space for storing different ideas.
What is your favorite aspect of this product?
Oracle Sourcing Cloud has a competent form that directs suitable discussions.
What do you dislike most about this product?
Oracle Sourcing Cloud is magnificent in delivering significant ideas.
What recommendations would you give to someone considering this product?
Oracle Sourcing Cloud is the acute approach for sourcing concepts.
Pros
- Helps Innovate
- Reliable
- Enables Productivity
- Unique Features
