Oracle Unveils SAAS for Sourcing Management
Oracle announces the release of Oracle Sourcing On Demand, a software-as-a-service solution for strategic sourcing, designed to save companies money as they attempt to procure materials for their business operations. Oracle claims its latest enterprise application can save the enterprise time and money on supply chain management.Oracle rolled out on March 9 its Oracle Sourcing On Demand, a SAAS solution designed to make strategic sourcing, the process by which companies procure the best possible deals for the supplies they need to do business, more cost-effective and efficient. The solution centers around a digital "workbench." Inputted data can potentially come from a variety of sources, including spreadsheets, purchase requisitions from a back-end system or information provided by users. Utilizing the solution's tools, the project goes through iterations until every user is satisfied; the output can take a number of forms, such as RFIs (requests for information) or RFQs (requests for quotation).
Say a large corporation wants to purchase 5,000 laptops as part of an annual laptop refresh. Several questions immediately come to mind about procuring such a massive amount of hardware: Do you need 5,000 of the same type of laptop? Do you buy the laptops directly, or through a reseller? How much would it cost per unit to upgrade?