I hope you have enjoyed and found value in our blog series. This blog marks the final notes on our multi part series on PeopleSoft Strategic Sourcing. We have discussed and demonstrated a ton of information not found anywhere in a short-form layout: Creating bid factors Total cost modeling Creating events Creating event responses Analyzing
Read More...One feature not yet discussed in this Strategic Sourcing blog mini-series is the ability to create project plans for procurement events within strategic sourcing. Some of the tasks that can be performed include: Assign duration days for each task Document instructions Define requirements for completion of each task Assign a resource to the task Optionally
Read More...Last week we covered optimization as part of our ongoing Strategic Sourcing blog series. If you missed it, check it out. So, moving on. Whether you used the online analysis tool or the optimization engine, once you determine who you will award the event to, you must initiate the award action. The award event can
Read More...Picking up where we left off, everyone. Today’s topic: optimization. You can use the Strategic Sourcing optimization engine to analyze bids online or by using the batch process — Sourcing Optimization process (AUC_OPT_AE) — by using specific business constraints. The optimization engine recommends an award allocation based on best price, total cost, or score. You
Read More...Okay, picking up where we left off last week. If you use PeopleSoft Strategic Sourcing or are considering doing so, this information will be very useful. Once vendors have entered their bids, we can begin to analyze them. You can analyze bids at any time during an event, or you can wait until it ends.
Read More...Okay, finally this Strategic Sourcing blog series is coming off hiatus. We thank everyone for their patience. We had a few technical environment snags to comb out. Let’s pick up where we left off: if you recall, we had discussed and demonstrated creating a sourcing event, so let’s focus on entering responses to that sourcing event. It’s
Read More...Now that we have discussed an overview of Strategic Sourcing, bid factors and scoring, let’s focus on creating the sourcing event. There are three types of events in PeopleSoft Strategic Sourcing: A sell event: the sale of goods that you own (equivalent to a forward auction). A buy event: the purchase of goods or services
Read More...We discussed in my previous blog about bid factors weighting and scoring. Today, we will review total cost modeling which allows bids to be analyzed based upon price, best score and lowest total score. In simple language, total cost modeling allows the flexibility to make the best decision for award. PeopleBooks has some good information
Read More...It’s not always about price, right? In many cases there are other factors that influence which suppliers to whom you award business. This is especially true for sourcing via Strategic Sourcing which, in most cases, is used for atypically-sourced items that your organization does not have contracts or a purchasing catalog established for. For these
Read More...What is PeopleSoft Strategic Sourcing? What’s it for? In the simplest of terms, it is the process of improving value in your supply chain by determining the best suppliers to award goods or services contracts. It is not about getting the lowest possible cost or beating up suppliers, but rather taking into account all of
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