Oracle

Oracle Sourcing

Composite Score

7.4 /10

CX Score

7.6 /10

30 Reviews Write a Review

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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

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.

Product scores listed below represent current data. This may be different from data contained in reports and awards, which express data as of their publication date.

84 Likeliness to Recommend

1
Since last award

98 Plan to Renew

85 Satisfaction of Cost Relative to Value

2
Since last award

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Emotional Footprint Overview

Product scores listed below represent current data. This may be different from data contained in reports and awards, which express data as of their publication date.

+83 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?

11% Negative

2% Neutral

87% Positive

Pros

Trustworthy
Fair
Reliable
Continually Improving Product

Feature Ratings

Average 78

Procurement Management

Catalog Management

Auction Management

Contract Management

Workflow Management

Market Assessment

Supplier Management

Communications

Spend Analysis

Capacity Management

ERFx

Vendor Capability Ratings

Average 80

Business Value Created

Ease of Data Integration

Vendor Support

Breadth of Features

Ease of Implementation

Quality of Features

Ease of Customization

Ease of IT Administration

Availability and Quality of Training

Product Strategy and Rate of Improvement

Usability and Intuitiveness

Oracle Sourcing Reviews

Role: C-Level
Industry: Other
Involvement: Business Leader or Manager

Validated Review

Anonymous Reviewer

Submitted Sep 2023

Easy to use

Likeliness to Recommend

8 /10

Pros

Helps Innovate
Trustworthy
Efficient Service
Effective Service

Theodore O.

Role: Finance
Industry: Finance
Involvement: End User of Application

Validated Review

Verified Reviewer

Submitted Aug 2023

Excellent procurement tool.

Likeliness to Recommend

8 /10

What differentiates Oracle Sourcing from other similar products?

The procedure is extremely simple, with all of the functionality required to complete the procure-to-pay cycle. Oracle employs the best industry practices, which are employed here. The user interface, reports, and inquiries are really useful. OTBI reports are excellent for real-time activities. Approvals are simple and available at several levels. Supplier negotiating and supplier registration are quite helpful in identifying the best suppliers for the organization. Oracle Sourcing is a platform that provides numerous options for customers and suppliers without the use of intermediaries.

What is your favorite aspect of this product?

I appreciate Oracle Procurement Cloud because it is software that allows me to streamline, automate, and customize procurement processes throughout the organization. It enables me to carry out a quick and efficient procurement procedure, which enhances my relationship with my suppliers while also lowering my costs. Day-to-day procurement activities such as contract administration, purchasing, negotiation, and even collaboration have been eased for me.

What do you dislike most about this product?

It is still in the maturation stage, but Oracle is taking good care of it. The application gets better with each new release. Sometimes features are stated but are not available until the next version, which might be inconvenient. To find out the status, we must keep up with the SR.

What recommendations would you give to someone considering this product?

It simplifies and organizes my data’s chores and work processes, and its interaction with other systems has helped me solve numerous problems due to its high compatibility. The quality of their cloud service is excellent, and it saves me a lot of time and effort. It is a highly effective solution in its class. The Sourcing module has an outstanding feature set. It appears that I can perform everything in Oracle Sourcing rather than using various tools. RFQ management, punchouts, and so on are beneficial. Completely recommended by me.

Pros

Helps Innovate
Continually Improving Product
Performance Enhancing
Enables Productivity

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

Oracle Sourcing

What is Oracle Sourcing?

Company Details

Need Assistance?

Awards & Recognition

Oracle Sourcing Ratings

84 Likeliness to Recommend

1 Since last award

98 Plan to Renew

85 Satisfaction of Cost Relative to Value

2 Since last award

Emotional Footprint Overview

+83 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

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

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

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

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

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

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

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

Communications Includes communication portals or secure messaging or automated alerts.

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

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

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.

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

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.

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 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.

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.

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

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.

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.

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

Easy to use

Likeliness to Recommend

Pros

Theodore O.

Excellent procurement tool.

Likeliness to Recommend

Pros

Mirah R.

Conventional Sourcing Approach

Likeliness to Recommend

Pros

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Feature Ratings

Procurement Management

Catalog Management

Auction Management

Contract Management

Workflow Management

Market Assessment

Supplier Management

Communications

Spend Analysis

Capacity Management

ERFx

Vendor Capability Ratings

Business Value Created

Ease of Data Integration

Vendor Support

Breadth of Features

Ease of Implementation

Quality of Features

Ease of Customization

Ease of IT Administration

Availability and Quality of Training

Product Strategy and Rate of Improvement

Usability and Intuitiveness