Creating and Managing Initiatives and Negotiations

The Initiatives tab is accessible through the Buyer Work Center. Click the Initiatives tab to create and view initiatives as a purchasing user.

The Initiatives Home Page displays the following infotiles, click on an infotile to view more information in the rows below:

You can create initiatives, manage initiatives, objectives, tasks, and notification subscriptions. Using any of the options to create or manage initiatives, tasks, etc., takes you to the Sourcing Initiatives pages, where your actions are saved.

For more information on the Initiatives Home Page, and on using initiatives, please refer to the Oracle Sourcing User Guide.

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. Oracle Sourcing also enables you to create and maintain initiatives as well. If your system is integrated with Oracle Purchasing, you can also use requisition information contained in Oracle Purchasing to create draft RFQs and auctions which you can then complete and submit using Oracle Sourcing. You can monitor your negotiations in real time and communicate with participants using online discussions.

For more information on Oracle Sourcing, please refer to the Oracle Sourcing User Guide.