Welcome!

Java IoT Authors: Dana Gardner, Janakiram MSV, Roger Strukhoff, Yeshim Deniz, TJ Randall

News Feed Item

Oracle Introduces Oracle Project Procurement for Better Alignment of Project Management and Procurement

New Oracle E-Business Suite Solution Helps Improve Project Performance

REDWOOD SHORES, CA -- (Marketwired) -- 07/28/14 -- Oracle (NYSE: ORCL)

News Summary
In order for project-centric businesses with high procurement spend or significant reliance on subcontracts to successfully deliver the expected value to their customers without wasting limited resources, they must ensure that project and procurement teams are closely aligned. To address this challenge, Oracle today announced Oracle Project Procurement, the latest addition to the Oracle E-Business Suite Project Portfolio Management and Procurement applications. Oracle Project Procurement helps project teams eliminate silos around project management and procurement by establishing and measuring strategic objectives, hence driving accountability for value to the customer, optimizing procurement planning and execution throughout the lifecycle of a project. This new application provides project teams and stakeholders the ability to share information on project requirements and schedule, product specifications, budget and quality standards to provide the necessary information to meet their organization's objectives and deliverables.

News Facts

  • To help organizations further improve project performance and profitability, Oracle today announced Oracle Project Procurement.
  • Part of the Oracle E-Business Suite Project Portfolio Management family of applications, Oracle Project Procurement enables project teams to align and measure project and organizational objectives around procurement planning, decision making and execution throughout the lifecycle of a project.
  • With an in-memory visualization layer that leverages Oracle Endeca Information Discovery, Oracle Project Procurement enables faster and better decision making by breaking down functional silos and helping to eliminate the communication gaps that exist between project management and procurement.
  • By enabling increased collaboration across project teams, Oracle Project Procurement helps ensure projects are delivered according to plan, eliminate sources of waste, reduce project risk and provide visibility into supplier performance metrics.
  • Oracle Project Procurement seamlessly integrates with Oracle E-Business Suite Project Portfolio Management and Oracle E-Business Suite Advanced Procurement to give businesses access to the data needed to manage the entire project procurement process.

Optimizing Project Procurement Planning, Decision Making and Execution

  • The Oracle E-Business Suite Supply Chain Management family of applications integrates and automates key supply chain processes, from design, planning and procurement to manufacturing and fulfillment, enabling organizations to power information-driven value chains.
  • With the release of Oracle Project Procurement, organizations can make better procurement decisions faster, reduce process latency, reduce waste by aligning delivery to key objectives and enable best-in-class project procurement processes.
  • Oracle Project Procurement lets organizations:
    • Enhance procurement planning for projects that depend heavily on procured materials and services
    • Drive alignment and accountability of all stakeholders around the project's acquisition strategy
    • Achieve faster project planning by enabling collaboration between project and procurement team members
    • Effectively execute supply chain processes and plan and track supplier performance
    • Act on procurement plans by initiating requisitions or negotiations
    • Leverage the power of Oracle Endeca to discover project risks before they happen

Supporting Quote

  • "Functional silos and communication gaps between project management and procurement can increase project risk, create inefficiencies and make a significant impact on the bottom-line of projects," said Cliff Godwin, senior vice president, Applications Development, Oracle. "Oracle Project Procurement addresses this challenge by enabling project management and procurement to closely collaborate throughout the lifecycle of the project. This not only helps project teams to establish and measure strategic project objectives, but importantly helps improve project procurement planning, decision making and execution."

Supporting Resources

About Oracle
Oracle engineers hardware and software to work together in the cloud and in your data center. For more information about Oracle (NYSE: ORCL), visit www.oracle.com.

Trademark
Oracle and Java are registered trademarks of Oracle and/or its affiliates. Other names may be trademarks of their respective owners.

Contact Info
Karen Hartquist
Oracle
+1.650.506.3552
Email Contact

Simon Jones
Blanc & Otus
+1.415.856.5155
Email Contact

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

IoT & Smart Cities Stories
At CloudEXPO Silicon Valley, June 24-26, 2019, Digital Transformation (DX) is a major focus with expanded DevOpsSUMMIT and FinTechEXPO programs within the DXWorldEXPO agenda. Successful transformation requires a laser focus on being data-driven and on using all the tools available that enable transformation if they plan to survive over the long term. A total of 88% of Fortune 500 companies from a generation ago are now out of business. Only 12% still survive. Similar percentages are found throug...
IT professionals are also embracing the reality of Serverless architectures, which are critical to developing and operating real-time applications and services. Serverless is particularly important as enterprises of all sizes develop and deploy Internet of Things (IoT) initiatives. Serverless and Kubernetes are great examples of continuous, rapid pace of change in enterprise IT. They also raise a number of critical issues and questions about employee training, development processes, and opera...
This month @nodexl announced that ServerlessSUMMIT & DevOpsSUMMIT own the world's top three most influential Kubernetes domains which are more influential than LinkedIn, Twitter, YouTube, Medium, Infoworld and Microsoft combined. NodeXL is a template for Microsoft® Excel® (2007, 2010, 2013 and 2016) on Windows (XP, Vista, 7, 8, 10) that lets you enter a network edge list into a workbook, click a button, see a network graph, and get a detailed summary report, all in the familiar environment of...
At CloudEXPO Silicon Valley, June 24-26, 2019, Digital Transformation (DX) is a major focus with expanded DevOpsSUMMIT and FinTechEXPO programs within the DXWorldEXPO agenda. Successful transformation requires a laser focus on being data-driven and on using all the tools available that enable transformation if they plan to survive over the long term. A total of 88% of Fortune 500 companies from a generation ago are now out of business. Only 12% still survive. Similar percentages are found throug...
AI and machine learning disruption for Enterprises started happening in the areas such as IT operations management (ITOPs) and Cloud management and SaaS apps. In 2019 CIOs will see disruptive solutions for Cloud & Devops, AI/ML driven IT Ops and Cloud Ops. Customers want AI-driven multi-cloud operations for monitoring, detection, prevention of disruptions. Disruptions cause revenue loss, unhappy users, impacts brand reputation etc.
Atmosera delivers modern cloud services that maximize the advantages of cloud-based infrastructures. Offering private, hybrid, and public cloud solutions, Atmosera works closely with customers to engineer, deploy, and operate cloud architectures with advanced services that deliver strategic business outcomes. Atmosera's expertise simplifies the process of cloud transformation and our 20+ years of experience managing complex IT environments provides our customers with the confidence and trust tha...
The Japan External Trade Organization (JETRO) is a non-profit organization that provides business support services to companies expanding to Japan. With the support of JETRO's dedicated staff, clients can incorporate their business; receive visa, immigration, and HR support; find dedicated office space; identify local government subsidies; get tailored market studies; and more.
At CloudEXPO Silicon Valley, June 24-26, 2019, Digital Transformation (DX) is a major focus with expanded DevOpsSUMMIT and FinTechEXPO programs within the DXWorldEXPO agenda. Successful transformation requires a laser focus on being data-driven and on using all the tools available that enable transformation if they plan to survive over the long term. A total of 88% of Fortune 500 companies from a generation ago are now out of business. Only 12% still survive. Similar percentages are found throug...
As you know, enterprise IT conversation over the past year have often centered upon the open-source Kubernetes container orchestration system. In fact, Kubernetes has emerged as the key technology -- and even primary platform -- of cloud migrations for a wide variety of organizations. Kubernetes is critical to forward-looking enterprises that continue to push their IT infrastructures toward maximum functionality, scalability, and flexibility. As they do so, IT professionals are also embr...
In his general session at 19th Cloud Expo, Manish Dixit, VP of Product and Engineering at Dice, discussed how Dice leverages data insights and tools to help both tech professionals and recruiters better understand how skills relate to each other and which skills are in high demand using interactive visualizations and salary indicator tools to maximize earning potential. Manish Dixit is VP of Product and Engineering at Dice. As the leader of the Product, Engineering and Data Sciences team at D...