Redwood: Add External Cost Factors

Category managers can now add and manage external cost factors, such as, freight, insurance, duties, or third-party charges, directly in the sourcing negotiations with the improved Redwood experience. Capturing additional costs from suppliers provides a more accurate total cost analysis when evaluating supplier responses.

Access cost factors from the Overview and Lines step when creating or editing a negotiation. Use the More Details action on each line item to add or update these cost factors.

Use More Details to Access External Cost Factors

View and Edit External Cost Factors for a Line

You can either add cost factors to the line one-by-one, or use the Add from List action to add a set of cost factors from a predefined list. You can choose to display target values of cost factors to suppliers, if needed.

Adding an External Cost Factor

Search for Cost Factor Lists to Add a Set of Cost Factors

Once added, you can review these details on the Review and Publish step of the process.

This feature aims to enhance support for a more informed decision-making, by factoring in the external costs upfront. The suppliers can respond with their cost factors using the Redwood Supplier Experience for Sourcing which is available prior to this update.

Steps to Enable and Configure

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 enable these profile options if you haven't already.

• Redwood Pages for Sourcing Enabled (ORA_PON_SOURCING_REDWOOD_ENABLED).
• Redwood Page to Create Negotiation Enabled (ORA_PON_CREATE_NEGOTIATION_REDWOOD_ENABLED)

For instructions on enabling a profile option, refer to the Set Profile Option Values topic.

Tips And Considerations

• These Cost Factors are captured on negotiation lines only.
• Cost factors can be defined using the sourcing setup Manage Cost Factors task.
• Cost factor lists can be defined using the sourcing setup Manage Cost Factor Lists task.
• When adding from a list, if some of the cost factors are already present on the line, only the remaining cost factors are added.
• You can use business rules to hide certain fields or columns of the Cost Factors using Visual Builder Studio.

Key Resources

• 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.

Access Requirements

Users who have been assigned a job role that contains these existing 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.