Supplier Registration Business Process in Oracle Fusion
The Supplier Registration to Supplier Performance life cycle refers to the process of finding prospective suppliers who can meet the organization’s procurement needs and allowing those suppliers to self-register via a secure URL using structured data collection and questionnaires.
Procurement Managers will monitor the supplier inputs for accuracy and choose viable suppliers automatically through the appropriate approval channels based on business rules. Once approved, Procurement personnel will delegate the appropriate account permissions to suppliers and allow them access to a secure online portal where they can begin to collaborate and communicate with the Procurement team as well as participate in sourcing events.
Having explored the Supplier Registration to Supplier Performance life cycle at a high level, let’s now discuss in a bit more detail the various different stages and job roles that are associated with this life cycle.
The Supplier Registration to Supplier Performance life cycle plays an important role in the Procurement business process. Let’s discuss the different stages in a bit more detail.
Register Supplier
The first stage of the life cycle is Supplier Registration where suppliers have invited o self-register and answer predefined questions that will assist in determining if they are a suitable fit for upcoming sourcing initiatives.
Manage Enablement
The next stage is Managing Enablement where suppliers who are approved will need to be delegated user account administration and offered online self-guided training and help.
Activate Supplier Portal
Next is activating the supplier portal where suppliers can share information, participate in sourcing events, and collaborate with the procurement department.
Manage Supplier Qualifications
The next stage is managing supplier qualifications in which suppliers are sent qualification questionnaires to capture qualification information, which is then automatically stored in the supplier profile and used for reference.
Optimize Supplier Portfolio
The final stage is optimizing the supplier portfolio, which uses machine learning to assess supplier risk, validate business data, and utilize automatically captured supplier performance data to distribute spending.
I hope you enjoy reading and understand the processes easily:) If you are not sure what to read next, here are the next articles for you:
I am an Oracle Logistic Specialist with more than 6 years of experience. I help clients to understand software capabilities and to analyze business needs. My main goal is to recommend solutions and ultimately guide through all phases of Oracle Cloud Applications. I am also inspired to write about life, improvement and personal growth.
