Redwood: Add Suppliers Suggested by Oracle AI

Category managers can now leverage AI-powered supplier suggestions when creating negotiations. These suggestions are generated from past transactions such as purchase orders, purchase agreements, negotiation awards, responses, and invitations. AI suggests suppliers for each line by matching the item, line description, or category. These suggestions are then consolidated for adding to the negotiation invitation list.

When you create a negotiation, use AI Assist to view supplier suggestions. Suppliers are listed in order of how many negotiation lines they are suggested for. Any negotiation lines without suggested suppliers will be shown under the Lines Not Covered for quick review.

Add Suppliers Suggested by Oracle AI

Review the suggestions then select and add the ones you want to include in the negotiation.

Review Details of the Suggested Supplier

You can also review information about the supplier including past transaction summaries for the negotiations lines, which drive the AI suggestions.

Negotiation Lines not Covered by the Suggested Supplier

Any negotiation lines that weren't matched to the supplier are shown under the Lines Not Covered for quick review.

This capability saves time by suggesting relevant suppliers from past transactions reducing manual effort and helping category managers collect more qualified responses to make more productive sourcing decisions.

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

You can enable this feature with opt in, Redwood: Add Suppliers Suggested by Oracle AI.

Opt in to Enable Redwood: Add Suppliers Suggested by Oracle AI

Run the Prepare Smart Supplier Suggestions ESS job to extract historical transactions and train the AI Model to provide supplier suggestions.

Schedule Prepare Smart Supplier Suggestions ESS Job

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

• Run the Prepare Smart Supplier Suggestions ESS job once initially to train the AI model and enable supplier suggestions in the application. After this, supplier suggestions will remain available as the AI model is periodically retrained on new transactions.
• Configure the ESS Job frequency in the Schedule in Advance Options to train the AI model periodically on the latest transaction based on your business needs.
• By default, the ESS job extracts 24 months of historical transactions. You can configure the duration by updating the profile option ORA_PON_SUPPLIER_AI_NUM_OF_MONTH according to your business needs.
  • In the Setup and Maintenance work area, go to the Manage Administrator Profile Values setup task.
  • Enter the profile option code ORA_PON_SUPPLIER_AI_NUM_OF_MONTH and search.
  • Update the profile option value and save.

Access Requirements

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

• Create Supplier Negotiation (PON_CREATE_SUPPLIER_NEGOTIATION_PRIV)
• Edit Supplier Negotiation (PON_EDIT_SUPPLIER_NEGOTIATION_PRIV)

These privileges were available prior to this update.