Redwood: Monitor Negotiation in Supplier Portal
Suppliers can now actively track their position and competition, and swiftly revise their responses in an enhanced redwood experience.
The new Monitor page provides real-time visibility into the progress of their responses during active negotiations. This page autorefreshes whenever a competing response is submitted. This ensures suppliers stay informed and allows them to react promptly to any changes in their ranking. Suppliers can also manually refresh the page for immediate updates.
This feature is available in Auctions and RFQs when:
- Response visibility is Open
- Response visibility is Blind, but Rank or Best Price, or both Rank and Best Price is displayed to suppliers.
Upon refresh, suppliers can see key metrics like their response amount, lines trailing and lines winning. They can also see the percentage by which each line is trailing the best response.
Also upon refresh, arrow indicators highlight the favorable or unfavorable changes in their positions due to the bidding activity. These indicators highlight lines where price changes have occurred and where rank updates have been made since the last refresh.
The scorecard on the Monitor page presents to the supplier some key metrics on how their response is performing against the competition, which include:
- Overall Rank
- Total Response Amount
- Lowest Response Amount
- Winning Lines
- Trailing Lines
These metrices are updated upon each refresh empowering the suppliers to quickly adapt their strategies and remain competitive.
Graphical representations are included to provide a comprehensive rank summary for various lines as well as line prices with the current best prices offered in competing responses.
After submitting the negotiation response, suppliers can access the monitor page from:
- View Response
- View Negotiation
- Search Negotiation
- Search Response
Monitor Negotiations in Supplier Portal
Monitor Negotiations in Supplier Portal
Suppliers can now benefit from an enhanced redwood experience, enabling them to actively monitor their position in the negotiation, keep abreast of the competition, and promptly adapt their strategies accordingly. This provides suppliers with a competitive edge by facilitating informed and agile decision-making.
Steps to Enable
Use the Opt In UI to enable this feature. For instructions, refer to the Optional Uptake of New Features section of this document.
Offering: Procurement
To use this feature, you must opt in to the Update 25A feature Redwood: Enable the New Supplier Portal Home Page Experience in Oracle Supplier Portal functional area. If you previously opted in to the Redwood: Supplier Portal Home Page Experience already, then this feature is automatically enabled.
You may refer to the What's New for the detailed instructions on Steps to Enable.
Tips And Considerations
In order to enable the feature for RFQs, where the response visibility is 'Blind', these steps need to be taken in Setup and Maintenance under Configure Procurement Business Function:
Enable Rank and Best Price in Configure Procurement Business Function.
Enable Best Price in Response Rules
Key Resources
- Refer to the What's New for the Redwood: Use New Supplier Experience for Sourcing feature.
- Refer to the What's New for the Redwood: Enable the New Supplier Portal Home Page Experience in Oracle Supplier Portal functional area.
- For information about using Oracle Visual Builder Studio to extend your Redwood application pages, see Oracle Fusion Cloud HCM and SCM: Extending Redwood Applications for HCM and SCM Using Visual Builder Studio.
- Refer to Overview of Guided Journeys in the Oracle Fusion Cloud Human Resources: Implementing and Using Journeys guide, available on the Oracle Help Center.
Access Requirements
Users who are assigned a configured job role that contains these privileges can access this feature:
- Analyze Supplier Negotiation Response as Supplier (PON_ANALYZE_SUPPLIER_NEGOTIATION_RESPONSE_SUPPLIER_FACING_PRIV)
These privileges were available prior to this update.