Oracle

Oracle Sourcing

7.4 /10

Claim Software

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.

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

+82 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

Kritika C.

Role: Finance
Industry: Finance
Involvement: Business Leader or Manager

Validated Review

Verified Reviewer

Submitted Oct 2024

Strong functionality, but needs more integrations

Likeliness to Recommend

9 /10

What differentiates Oracle Sourcing from other similar products?

Oracle Sourcing stands out due to its robust integration with other Oracle applications, advanced analytics capabilities, and a user-friendly interface that streamlines sourcing processes. Its extensive customization options and support for complex procurement needs also set it apart from competitors.

What is your favorite aspect of this product?

My favorite aspect of Oracle Sourcing is its powerful analytics and reporting features, which provide valuable insights and help drive informed decision-making in the sourcing process.

What do you dislike most about this product?

What I dislike most about Oracle Sourcing is its steep learning curve for new users, which can hinder quick adoption and require significant training to navigate effectively.

What recommendations would you give to someone considering this product?

I recommend thoroughly evaluating your organization’s specific sourcing needs and ensuring that you have the necessary resources for training and implementation. Additionally, consider leveraging Oracle’s support and community resources to maximize the product’s potential.

Pros

Helps Innovate
Reliable
Performance Enhancing
Enables Productivity

Tushar V.

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

Validated Review

Verified Reviewer

Submitted Jun 2024

Review for Oracle Sourcing

Likeliness to Recommend

10 /10

What differentiates Oracle Sourcing from other similar products?

It's approach to perform the functions is something which sets it apart from the others.

What is your favorite aspect of this product?

It's ease of use and adaptability

What do you dislike most about this product?

It's costly for new users

What recommendations would you give to someone considering this product?

Go for it! It is great.

Pros

Helps Innovate
Continually Improving Product
Trustworthy
Efficient Service

Naveen D.

Role: Finance
Industry: Finance
Involvement: IT Leader or Manager

Validated Review

Verified Reviewer

Submitted Mar 2024

Easy to Use

Likeliness to Recommend

10 /10

What differentiates Oracle Sourcing from other similar products?

1- Huge library. 2- Rich community support. 3- Recovery and backup features.

What is your favorite aspect of this product?

The rate for the services provided are quite good compared to others

What do you dislike most about this product?

WAF is difficult to write rules and manage.

What recommendations would you give to someone considering this product?

its integrity and support me every time at time of difficulty and high level of security.

Pros

Helps Innovate
Continually Improving Product
Reliable
Performance Enhancing

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

+82 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

Kritika C.

Strong functionality, but needs more integrations

Likeliness to Recommend

Pros

Tushar V.

Review for Oracle Sourcing

Likeliness to Recommend

Pros

Naveen D.

Easy to Use

Likeliness to Recommend

Pros

Most Popular Oracle Sourcing Comparisons

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1
Since last award

2
Since last award

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