Oracle Sourcing offers flexible negotiation capabilities to buyers and sellers,
enabling them to efficiently obtain the best possible prices for goods and services.
Prices are established based on actual supply and demand at the time the negotiation
is transacted.
The different types of sourcing documents available -
requests for quotations (RFQs),
requests for information (RFIs),
and buyer's auctions.
Buyers use real-time interaction to obtain information on suppliers' products and services, and then use that information to create negotiations that drive prices based not only on price, but on lead times, quantity, and item-specific attributes. Buyers and sellers, who might never meet face-to-face, can bypass intermediaries and establish relationships that might not have been possible using more traditional methods of buying and selling.
Thanks & Regards,
S.Grace Paul Regan
