PeopleSoft Strategic Sourcing Overview

PeopleSoft Strategic Sourcing facilitates collaboration between buyers and suppliers of goods and services. Through PeopleSoft Strategic Sourcing events, you increase investment recovery through the sale of depreciated assets, and reduce costs by accepting competitive bidding for goods and services.

With this application, you can:

• Establish bid factors on which to score events.

• Establish business policies and constraints on which to base the sourcing awards.

• Create events and invite bidders to participate in them.

• Collaborate on events and event analysis with others in the enterprise.

• Enable new bidders to register to bid.

• Enable bidders to enter their bids online.

• Negotiate bids by creating multiple rounds and versions.

• Optimize bids to determine an ideal award

• Score bids and award the events.

• Use workflow processes to enable approvals and notifications throughout the event life cycle.