Oracle

Oracle Sourcing

7.2 /10

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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Awards & Recognition

Oracle Sourcing won the following awards in the Strategic Sourcing category

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5 Top Rated Capabilities

5 Top Rated Features

Latest Award, 2024

5 Top Rated Capabilities

7 Top Rated Features

2023

5 Top Rated Capabilities

6 Top Rated Features

2022

Oracle Sourcing Ratings

Real user data aggregated to summarize the product performance and customer experience.
Download the entire Product Scorecard to access more information on Oracle Sourcing.

82 Likeliness to Recommend

2
Since last award

97 Plan to Renew

84 Satisfaction of Cost Relative to Value

1
Since last award

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Emotional Footprint Overview

+78 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?

13% Negative

3% Neutral

84% Positive

Pros

Trustworthy
Fair
Reliable
Inspires Innovation

Feature Ratings

Average 77

Catalog Management

Procurement Management

Auction Management

Workflow Management

Contract Management

Market Assessment

Supplier Management

Capacity Management

Communications

Spend Analysis

ERFx

Vendor Capability Ratings

Average 79

Business Value Created

Breadth of Features

Ease of Data Integration

Ease of Customization

Availability and Quality of Training

Vendor Support

Ease of IT Administration

Product Strategy and Rate of Improvement

Ease of Implementation

Quality of Features

Usability and Intuitiveness

Oracle Sourcing Reviews

Mirah R.

Role: Operations
Industry: Consulting
Involvement: End User of Application

Validated Review

Verified Reviewer

Submitted Dec 2022

Conventional Sourcing Approach

Likeliness to Recommend

8 /10

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

Samson M.

Role: Information Technology
Industry: Apparel
Involvement: Business Leader or Manager

Validated Review

Verified Reviewer

Submitted Dec 2022

Easy to use, multiple options/Features.straight

Likeliness to Recommend

10 /10

What differentiates Oracle Sourcing from other similar products?

It's simplicity, one click results, ease of use and user friendly

What is your favorite aspect of this product?

Home page, one click results and filters.

What do you dislike most about this product?

Upgrades to features are little slow

What recommendations would you give to someone considering this product?

Worth every dollar spend on this ERP

Pros

Helps Innovate
Continually Improving Product
Reliable
Performance Enhancing

Role: Finance
Industry: Banking
Involvement: Vendor Management and Renewal

Validated Review

Anonymous Reviewer

Submitted Oct 2021

Easier to use but doesn’t suit all industries

Likeliness to Recommend

8 /10

Pros

Reliable
Unique Features
Effective Service
Inspires Innovation

Cons

Less Efficient Service

Oracle Sourcing

What is Oracle Sourcing?

Company Details

Need Assistance?

Awards & Recognition

Oracle Sourcing Ratings

82 Likeliness to Recommend

2 Since last award

97 Plan to Renew

84 Satisfaction of Cost Relative to Value

1 Since last award

Emotional Footprint Overview

+78 Net Emotional Footprint

How much do users love Oracle Sourcing?

Pros

Feature Ratings Average rating of all product features, some of which may not be shown below

Catalog Management Includes customizable shipping and payment options, product pricing, advanced catalog search, and navigation.

Procurement Management Includes purchasing and procurement management, as well as supplier management and optimization.

Auction Management Includes bid management, bidder management and buyer notifications.

Workflow Management Includes ability to support flexible and comprehensive workflow-based capabilities.

Contract Management Includes automated contract renewal, approval process, compliance management, and contract database.

Market Assessment Includes market size, trends, growth rate, and portability.

Supplier Management Supplier collaboration, including Quarterly Business Review Meetings, Scorecards, KPI and SLAs.

Capacity Management Monitor system utilization and provide alerts when pre-defined thresholds are reached.

Communications Includes communication portals or secure messaging or automated alerts.

Spend Analysis Includes data visibility and quality, supplier ranking, and compliance and reporting.

ERFx Evaluation and scoring of supplier responses.

Vendor Capability Ratings Average rating of all vendor capabilities, some of which may not be shown below

Business Value Created Software needs to create value for employees, customers, partners, and, ultimately, shareholders. This data expresses user satisfaction - or lack thereof - with the product's business value.

Breadth of Features Users prefer feature rich software that enables them to perform diverse series of tasks. This data expresses user satisfaction with the product's breadth of features.

Ease of Data Integration Use this data to determine whether the product will cause headaches or make data integration easy.

Ease of Customization Don't get bogged down in a difficult customization; use this data to make sure you can easily achieve the functionality you need for your particular situation.

Availability and Quality of Training Effective and readily available training enables users to get the most out of the software you've chosen. Use this section to make sure your vendor's training programs and materials measure up.

Vendor Support The importance of vendor support will vary for each organization depending on internal capabilities, but there will always be issues that only the vendor can resolve.

Ease of IT Administration This data indicates whether IT personnel will be able to resolve issues and perform configurations efficiently and effectively.

Product Strategy and Rate of Improvement Vendors who don't stay on top of emerging needs and trends won't enable you to meet your business goals. Use this data to separate innovators from imposters.

Ease of Implementation Successfully implementing new software is necessary to realize its full value and promote end user adoption. This data indicates whether or not the product is easy to implement.

Quality of Features Feature quality is just as important as quantity. Use this data to determine if this product will do what you're purchasing it to do, easily, intuitively, reliably, and effectively.

Usability and Intuitiveness End user learning curves cost the organization money. Pay attention to your end users' technical ability to determine how important UX is in your purchase.

Oracle Sourcing Reviews

Mirah R.

Conventional Sourcing Approach

Likeliness to Recommend

Pros

Samson M.

Easy to use, multiple options/Features.straight

Likeliness to Recommend

Pros

Easier to use but doesn’t suit all industries

Likeliness to Recommend

Pros

Cons

Most Popular Oracle Sourcing Comparisons

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Ivalua

GEP SMART

Promena e-Procurement

2
Since last award

1
Since last award

Feature Ratings

Catalog Management

Procurement Management

Auction Management

Workflow Management

Contract Management

Market Assessment

Supplier Management

Capacity Management

Communications

Spend Analysis

ERFx

Vendor Capability Ratings

Business Value Created

Breadth of Features

Ease of Data Integration

Ease of Customization

Availability and Quality of Training

Vendor Support

Ease of IT Administration

Product Strategy and Rate of Improvement

Ease of Implementation

Quality of Features

Usability and Intuitiveness