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

Role: Vendor Management
Industry: Biotechnology
Involvement: End User of Application

Validated Review

Anonymous Reviewer

Submitted Jul 2021

Intuitive and easy to use

Likeliness to Recommend

9 /10

Pros

Performance Enhancing
Trustworthy
Inspires Innovation
Fair

Shiva K.

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

Validated Review

Verified Reviewer

Submitted Jun 2021

The Product pays for itself

Likeliness to Recommend

10 /10

What differentiates Oracle Sourcing from other similar products?

Oracle Sourcing Cloud is tightly integrated with all other Oracle procurement modules namely, Self service procurement, Procurement contracts, Purchasing, Cloud Supplier portal etc.Various types of bids and auctions can be Organized with ease. Templates can be set up. Reports can be run from the tool. The tool can evaluate the bids from various suppliers and recommend the winners automatically.

What is your favorite aspect of this product?

The tool offers great user experience, inbuilt analytics, tight integration with other modules. Approvals can be configured using a flexible, drag and drop tool called business process management.

What do you dislike most about this product?

Some industries like Public sector, Construction have unique use cases related to complex purchase orders. some of these features were available in oracle on premise software. These features need to be added to the cloud version too.

What recommendations would you give to someone considering this product?

The product is intuitive and does not need much training.The product is flexible and can be configured according to the enterprise needs. Be part of Oracle user groups and attend webinars from Oracle to learn more about the product.

Pros

Continually Improving Product
Performance Enhancing
Enables Productivity
Trustworthy

Role: Vendor Management
Industry: Manufacturing
Involvement: End User of Application

Validated Review

Anonymous Reviewer

Submitted Jan 2020

Helpful, good analytics, high price tag

Likeliness to Recommend

8 /10

Pros

Helps Innovate
Performance Enhancing
Enables Productivity
Inspires Innovation

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

Intuitive and easy to use

Likeliness to Recommend

Pros

Shiva K.

The Product pays for itself

Likeliness to Recommend

Pros

Helpful, good analytics, high price tag

Likeliness to Recommend

Pros

Most Popular Oracle Sourcing Comparisons

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Ivalua

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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