At Oracle OpenWorld this week, one of the most popular procurement sessions I went to was a breakout session on Oracle’s Supplier Lifecycle Management (SLM) and Oracle Supplier Hub products, with over 100 attendees. Based on all of our discussions with customers and others at OpenWorld, there is very significant demand for these products at the moment. See past Spend Matters coverage on them below:
Based on our discussions and observations from the event, Spend Matters would go as far as to say that SLM and Supplier Hub are the two most popular modules that Oracle E-Business Suite customers are using. Moreover, the addition of these two products, which were originally released in 2010, provides differentiation for E-Business Suite in comparison to Ariba, for companies debating a shift to either party.
Oracle shared that it plans to focus on the following areas with the SLM and Hub products over the next 12 months:
- Enhanced qualification approval routing (support for parallel approval processes, approval groups, and awareness for “FYI” reviewers)
- Dynamic qualification template criteria (criteria updates based on supplier responses). Note: this is currently an advantage to Oracle competitors such as Aravo, HICX, SciQuest, Lavante and others.
- Compliance documentation tracking (commodity-based management of required attachments). This could be for specific initiatives that impact targeted commodities, such as Conflict Minerals, REACH/ROHS, etc.
- Unified profile change business event (Supplier Hub)
Looking ahead with this solution set past 12 months, Oracle is turning its attention to such areas as automated evaluation assessments, best practice templates, dynamic invitation lists, supplier agreement tracking, streamlined approaches to merging supplier data, extensible supplier contact directories, and Endeca search for suppliers.
Spend Matters encourages our readers to become more familiar with the supplier management market in general. Below we feature links to some of our more popular downloads: