Live Console in Oracle Sourcing (Explanation about Graphs)

Live Console allows user to graphically view and compare responses to a negotiation.

The Live Console gives user a single location from which he/she can generate many in-depth graphic displays. user can use these graphs to assist in analyzing  negotiation responses during and after a negotiation.

Live Console is not available for:

  1. RFIs
  2. Contract Purchase Agreement negotiations that do not have lines.
  3. Sealed negotiation (once the negotiation is unsealed, Live Console is available).
  4. Draft negotiations (since the negotiation has no responses).
  5. Additionally, line-level information and displays are not available for large or very large negotiations.
  6. Also, information is not available for Two-Stage RFQs until the technical evaluation is completed and the commercial stage is unlocked.

Graphs Area

The Graph Area can display four types of graphs.

Best Bids by Time (XY Chart)

  1. The graph shows bids for the top five suppliers. If the supplier has multiple bids, all bids for that supplier are shown.
  2. The Y axis shows the best bid offered for the negotiation. This is calculated as the sum of (price * quantity) for all lines on the negotiation. The X axis shows the time range over which the bids have been submitted.
  3. The vertical line indicates the close date

All Bids By Time (XY chart)

  1. This chart graphs all the bids for the negotiation.
  2. The Y axis shows the best bid offered for the negotiation. This is calculated as the sum of (price * quantity) for all lines on the negotiation. The X axis shows the time range over which the bids have been submitted.
  3. The vertical line indicates the close date.

Savings by Supplier (Bar chart)

  1. The graph shows bids for the top five suppliers. If the supplier has multiple bids, all bids for that supplier are shown.
  2. The Y axis shows the best bid offered for the negotiation. This is calculated as the sum of (quantity * (bid price – current price)) for all lines on the negotiation. The X axis shows the bid number.

Best Bids by Supplier (Bar chart)

  1. The graph shows bids for the top five suppliers. If the supplier has multiple bids, all bids for that supplier are shown.

Graphs are not available for

  1. Contract Purchase Agreement negotiations that have no lines.
  2. Blanket Purchase Agreements or Contract Purchase Agreement negotiations that have lines but no Estimated Quantity value.
  3. Negotiations for which there are no responses (for example, a negotiation that is in Preview status.
  4. Quotes that are not shortlisted from the technical evaluation stage of a Two-Stage RFQ.

 

Supplier Search results in ‘No results found’

While Searching Supplier using Payable Manager or any other responsibility in R12.1.X results into ‘No Results Found’ though supplier is already defined in system.

This is because POS: SM: Enable Data Security for Supplier” profile option value. Value should be NO at site level. In case if  you wish to use this feature the refer to Oracle Supplier Management Implementation and Administration Guide

Oracle Sourcing Configuration and Functionality

This document contains complete steps to setup Oracle Sourcing along with major functionality This document can be used to setup oracle sourcing where purchasing setup is already in place
Download

What are the differences between the available negotiation types in Oracle Sourcing?

The three types of negotiations are Requests for Information (RFIs)’, request for quotes (RFQs), and auctions.

Requests for Information (RFIs)

RFI’s are used to qualify suppliers and their goods and services for subsequent procurement activities. RFIs are used more for gathering information on goods and service provided by a supplier than to lock in particular price information. Therefore, RFIs typically do not make reference to item price or quantity. RFIs identify important item criteria on which the buyer needs information. The supplier responds by answering the buyer’s questions. The buyer uses supplier responses to identify the group of suppliers who should be included in the subsequent negotiation. RFIs can be (and typically are) taken to multiple rounds until the buyer has enough information to identify supplier(s) with which to deal. At the conclusion of the RFI cycle, the information contained in the RFI can be copied into an RFQ or buyer’s auction.

Requests for quotes (RFQs)

RFQs enable buyers to collect quotes from suppliers for complex and hard to- define items or services, such as made-to-order manufacturing or construction projects. The RFQ process is generally the longest of the negotiation processes. Once suppliers have submitted an initial round of proposals (quotes), the buyer has the power to fine-tune the RFQ and initiate detailed negotiations, as necessary. This process may go through multiple rounds of negotiations and quotes. RFQs can be blind (buyer can see the quotes during the RFQ, but suppliers cannot) or sealed (neither buyer nor suppliers can see the quotes until the RFQ is closed and the quotes are unsealed), so suppliers can never see each other’s quotes while the negotiation is in progress.

Auctions

Auctions enable buyers to solicit bids for goods and services that are clearly defined, such as office furniture and memory chips. Buyers can discover new suppliers or buyers and get competitive pricing or improved service. Buyers can tailor each auction to control who can see bids during the auction, whether multiple rounds of bidding are possible, and whether partial bids are allowed. Many different items can be included in an auction. If permitted by the buyer, suppliers can view all bids submitted while the auction is open. This information generates competition and encourages suppliers to submit their best possible price. Once the auction is completed, suppliers are immediately notified of the auction results via online notifications.

Source
Metalink Document ID: – 471221.1