Redwood: Manage Negotiation Lifecycle Actions

You can now efficiently manage the entire negotiation lifecycle using the Redwood Sourcing experience.

During an active negotiation, such as an auction, you may receive supplier inquiries or need to broadcast important information. In these cases, you can quickly pause the negotiation to respond, then resume it once you have provided the necessary details. You also have the flexibility to close a negotiation early if required. Once closed, suppliers can no longer submit responses; however, you can still create surrogate responses on behalf of the suppliers if needed. Additionally, you can reopen a closed negotiation to extend the response period, allowing suppliers extra time to participate. If needed, you can also cancel a negotiation.

To streamline continuous sourcing opportunities, you can duplicate previous negotiations, making it easier to negotiate similar products and services. If a negotiation ends without a definitive outcome, you also have the option to initiate a new round of responses, inviting all participants to submit a new response to the negotiation.

Active negotiations can be amended to update details as needed. When you create an amendment, participating suppliers are notified and must review, acknowledge, and respond to the changes accordingly.

To provide greater transparency and improve tracking, you can use the Compare Versions page. Accessible from both the View Negotiation page and the Validate and Publish step of a draft negotiation, this page allows you to compare the latest negotiation version with previous ones. A convenient page-level switcher helps you navigate between versions, while change tracking clearly highlights whether lines or requirements were added, updated, or deleted. For text fields such as instructions and synopsis, explicit tags indicate the type of content change. Enhanced side-by-side comparison further clarifies differences in key information, including negotiation controls, schedule dates, business terms, and attachments.

These new capabilities empower you to efficiently manage negotiations, address supplier needs with agility, and maintain clear audit trails of all changes throughout the negotiation lifecycle.

Lifecycle Actions

Lifecycle Actions

Category managers can effectively manage the negotiation lifecycle to ensure strategic sourcing goals are met to optimize the procurement of goods and services.

Steps to Enable

To access this feature, you must enable the following profile options. By default, these profile options are disabled:

  • Redwood Pages for Sourcing Enabled (ORA_PON_SOURCING_REDWOOD_ENABLED). If this profile option was already enabled in a prior release, you don't need to enable it again. 
  • Redwood Page to Create Negotiation Enabled (ORA_PON_CREATE_NEGOTIATION_REDWOOD_ENABLED)

To enable the profile options, follow these steps:

  1. In the Setup and Maintenance work area, search and select the Manage Administrator Profile Values task.
  2. On the Manage Administrator Profile Values page, search for and select the profile option name or code.
  3. Set the Profile Value to Y.
  4. Click Save and Close. Changes in the profile value will affect users the next time they sign in.

Tips And Considerations

  • You can’t cancel a negotiation which has reached the end of its negotiation cycle or whose approval is in process. To cancel a negotiation which is pending approval, you will first need to withdraw it from approval workflow.

Key Resources

Access Requirements

Users who are assigned a configured job role that contains these privileges can access this feature:

  • Edit Supplier Negotiation (PON_EDIT_SUPPLIER_NEGOTIATION_PRIV)
  • View Supplier Negotiation (PON_VIEW_SUPPLIER_NEGOTIATION_PRIV)
  • Close Supplier Negotiation (PON_CLOSE_SUPPLIER_NEGOTIATION_PRIV)
  • Extend Supplier Negotiation (PON_EXTEND_SUPPLIER_NEGOTIATION_PRIV)
  • Pause Supplier Negotiation (PON_PAUSE_SUPPLIER_NEGOTIATION_PRIV)
  • Cancel Supplier Negotiation (PON_CANCEL_SUPPLIER_NEGOTIATION_PRIV)

These privileges were available prior to this update.