Oracle Dispatch: Exploring Services Procurement Linkages Within Oracle PeopleSoft SRM 9.2
Within the Oracle procurement solutions portfolio, Oracle PeopleSoft often gets short shrift from a coverage standpoint in comparison to Oracle E-Business Suite and Oracle Procurement Cloud (formerly known as Oracle Fusion Procurement). Yet the PeopleSoft team continues to build in what are becoming unique capabilities into SRM, including tighter integration between SRM and the rest of the suite (e.g., Resource Management linkages for services procurement) as well as third-party applications, including Microsoft’s desktop tools.
Earlier this summer, the Spend Matters team was briefed on some of the latest procurement enhancements in PeopleSoft 9.2. We’ll be featuring a more detailed exploration and analysis of these enhancements on Plus/PRO this fall, but in the meantime, there are certain particular elements worthy of mentioning that highlight the value proposition of these new enhancements, and even more importantly, the value of linkages between procurement components and other business application areas (which also has lessons for companies integrating multiple solutions that have not standardized on a single platform strategy for applications).
As an example, one of the areas that PeopleSoft highlighted in our discussion and demonstration was linkages between the sourcing of contingent labor and the Resource Management (HR) component of the PeopleSoft suite. Within the PeopleSoft environment now, users can toggle between evaluating internal and external resource options to apply the most appropriate set of skills (e.g., internal, staffing firm, 1099, SOW) against a given initiative, exploring and interrogating options through a single interface.
Within the SRM environment, users can launch into a services requisition or even begin a requisition through an open text search. The example the PeopleSoft team shared was entering an open text search for “DBA.” This search could return different results, including an option to search for a DB “consultant” or a DB “administrator,” each with specific definition about job types and roles. From this, it is then possible to launch into a services requisition and sourcing request in an integrated VMS environment. During the sourcing of a particular resource, users can list out different line-level bidding elements including rate, expenses, experience, response times, start dates, location (onsite vs. telecommunicate), and interview criteria acceptability.
Stay tuned as our live coverage from Oracle OpenWorld continues this week, and look out for the Spend Matters PRO examination of PeopleSoft 9.2 later this fall. In the meantime, if you’re curious about services procurement and the intersections of market, category, and pricing intelligence beyond rate cards alone, practitioners and Plus/PRO members can also join Spend Matters this Friday at 1:00 PM CT for the “pop-up” webinar: Services Procurement Secrets: How to Use Category, Market, and Pricing Intelligence. Registrants will receive the webinar presentation and an embedded market intelligence assessment checklist.