Oracle Fusion Cloud Procurement is an integrated source-to-settle suite that automates business processes, enables strategic sourcing, improves supplier relationship management and simplifies buying resulting in lower risk, improved savings and greater profitability.

What is Oracle Fusion Cloud Procurement?

Oracle Fusion Cloud Procurement is a cloud-based solution that provides end-to-end functionality for managing the procurement lifecycle, from sourcing to payment. It consists of the following modules:

• Supplier management: Manage supplier information, qualifications, performance, risk and compliance across the entire supplier lifecycle.
• Sourcing: Create and manage sourcing events, negotiate contracts and awards, and collaborate with suppliers online.
• Procurement contracts: Create, review, approve and execute contracts with suppliers, ensuring compliance with policies and regulations.
• Purchasing: Automate requisitioning, ordering, receiving and invoicing processes, leveraging catalogs, agreements and approvals.
• Direct procurement: Manage the procurement of direct materials for manufacturing and distribution, integrating with inventory, planning and costing systems.
• Procurement analytics: Monitor and analyze procurement performance, spend, savings, compliance and risk using dashboards, reports and alerts.

What are the benefits of Oracle Fusion Cloud Procurement?

Oracle Fusion Cloud Procurement helps you to:

• Reduce costs: Achieve savings through strategic sourcing, contract management, spend analysis and supplier consolidation.
• Improve efficiency: Automate and streamline procurement processes, reducing cycle times, errors and manual work.
• Enhance visibility: Gain real-time insight into procurement activities, spend patterns, supplier performance and risk exposure.
• Increase collaboration: Foster better communication and coordination with internal stakeholders and external suppliers.
• Manage risk: Mitigate supply chain disruptions, ensure contract compliance and enforce procurement policies.

How to get started with Oracle Fusion Cloud Procurement?

To get started with Oracle Fusion Cloud Procurement, you need to:

• Purchase and activate Oracle Cloud Application Services.
• Implement Procurement following the guidelines provided in the documentation.
• Configure your enterprise structure, security roles, approval rules and budgetary control settings for procurement.
• Set up your suppliers, sourcing events, contracts, catalogs and purchasing documents.
• Train your users on how to use Oracle Fusion Cloud Procurement for their daily tasks.