Oracle Corp. today jumped into the growing on-demand sourcing services market by launching a software-as-a-service offering comprising its Oracle Sourcing and Oracle Sourcing Optimization products.
Based on the sourcing functionality available in the company’s E-Business Suite Release 12 ERP software, Oracle Sourcing On Demand is available for $850 per user per month, plus a one-time setup fee of $5,000.
Oracle Sourcing On Demand focuses primarily on automating the transactional aspects of material procurement. The tool can be used to aggregate demand; determine whether an RFP, RFQ, or other sourcing process is needed; compile contract terms; notify and qualify suppliers; establish prices and discounts and conduct multi-round negotiations; and aggregate and award bids, said Nagaraj Srinivasan, Oracle’s vice president for EBS supply chain management, in an interview with Managing Automation.
The new SaaS offering also includes extensive technical services and packaged integration with Oracle ERP applications, such as EBS, PeopleSoft, and JD Edwards. Oracle Sourcing On Demand can also be integrated with other ERP platforms on a custom basis, Srinivasan said.