Procurement Leader look here. Here is why you want Oracle Cloud!
September 18, 2019
Procurement Leader look here. Here is why you want Oracle Cloud!
Score 9 out of 10
Vetted Review
Verified User
Modules Used
- Oracle Procurement Cloud
Overall Satisfaction with Oracle ERP Cloud
We are using the full ERP and SCM modules across three procurement business units. We plan to roll it out in North American and then globally. It addresses the problems of financial roll up, data access and real time KPI management. In our previous system, we did not have ready access to this and we had to talk to I.T. about getting data and then it also took massive excel work to get the data to tell a story.
- Supply Planning and MRP: Its very easy for the users to use supply planning to procure material in the right quantities and in the correct time without spending a lot of time reviewing data to make decisions.
- The supplier collaboration is very good. Using the suppliers to act as an additional planning review step allows us to manage the overages and under ordering of material based on forecasts that our planners may miss.
- The requisition approval flow is very good after it is setup. This gives me the financial accumen to make decisions on spend and to also be able to review the spend in the OTBI to balance my budgets.
- The Oracle mobile procurement app is pretty poor. Its very slow, and instead of the punchout catalogs accessing the suppliers mobile page, it uses their full page and on mobile devices, makes it very hard to use.
- Demand planning connection to EDI data just became available in 19B and so we are dealing with un-scrubbed forecasts in our supply plan which is causing inventory issues. This should have been done earlier in the development process.
- The infolets are not really configurable and to gather KPIs through OTBI is very difficult, espically those that are cross functional in nature. Meaning, manage KPIs on invoices and POs, since they are in two different subject areas, we have to rely on outside assistance to build these reports. Surely there is a better way.
- Inventory reductions of $15M
- Lead time reductions of 2-5 days depending on the suppliers
- T. and finance time reduction by 75% generating reports on my own vs asking for help.
- Receiving labor overtime reduction of 25%.
We wanted to leap ahead and find a software that would stand the test of time. Being a supplier to OEMs makes sense to have the best. We looked at SAP and some others, but Oracle was the only one that we found build the software for the cloud specifically. Its not just a fancy front end with a green screen background.