Oracle Fusion Cloud Procurement 24D – What’s New

The Oracle Fusion Cloud 24D release brings several new features to the Procurement module, designed to enhance efficiency and streamline procurement processes. Here are some key highlights:

• Supply Chain Orchestration: Manage configure-to-order changes without canceling supply group transfer orders using source and destination organizations.

• Sustainability: Set up data for Oracle Fusion Cloud Sustainability, manage sustainability activities, generate sustainability activities from invoices, calculate emissions associated with sustainability activities, and maintain a sustainability ledger as the source of truth for statutory reporting.

• Collaboration Messaging Framework: Manage external message definitions using a Redwood page, simplify the exchange of invoices with Oracle Cloud Enterprises, create a file name pattern for B2B messages sent via SFTP, file export, or email, and receive B2B messages from trading partners in real-time using a REST API.

• Supplier Model: Next-generation user experience for supplier registration, summarize supplier registration attachments with generative AI, and manage contract requests.

• Sourcing: Use new buyer and supplier experiences for negotiation messages, enhance negotiation search in the supplier portal, configure supplier negotiation PDF with Oracle Analytics Publisher, and update blanket purchase agreements from negotiated awards.

• Supplier Qualification Management: Use questionnaires in internal supplier registration, create qualification questions with generative AI, and add draft questions to a qualification area.

• Procurement Contracts: Display dates in contracts according to time zone setup and manage contract requests.

• Common Procurement: Integrate and extend procurement using REST resources and update agreement controls from external applications.

• Purchasing: Generate reports on purchase orders requiring special handling using OTBI and include and exclude external purchase prices using REST API.

• Selected Purchasing Bug Fixes: Addressed bugs and issues to improve the overall functionality and user experience.

Here are some additional details on the new features in Oracle Fusion Cloud Procurement 24D:

Supply Chain Orchestration

• Order Management Enhancements: The new features allow for more efficient management of supply group transfer orders without the need to cancel and reissue them when there are configure-to-order changes. This ensures continuity and reduces administrative burden.

Sustainability

• Environmental Data Management: Oracle Fusion Cloud Sustainability allows organizations to set up and manage sustainability data. This includes tracking emissions and other sustainability activities generated from invoices.

• Sustainability Ledger: This feature maintains a sustainability ledger, serving as the central repository for all sustainability-related data. It helps in statutory reporting and compliance.

Collaboration Messaging Framework

• Simplified Messaging: Enhancements to the Collaboration Messaging Framework include a new Redwood page for managing external message definitions and real-time B2B message exchange using REST APIs. This streamlines communication with trading partners.

• Customizable File Naming: Users can now create customized file name patterns for B2B messages sent via SFTP, file export, or email, allowing for better organization and tracking of communications.

Supplier Model

• Next-Generation User Experience: The supplier registration process has been updated with a more user-friendly interface. The use of generative AI to summarize registration attachments helps in quickly assessing supplier information.

• Enhanced Contract Management: The new features also include improved tools for managing contract requests, making it easier to handle procurement contracts.

Sourcing

• Improved Negotiation Tools: Buyers and suppliers can now benefit from enhanced experiences for negotiation messages. The updated search functionality in the supplier portal and the ability to configure negotiation PDFs with Oracle Analytics Publisher streamline the sourcing process.

• Flexible Agreement Updates: Blanket purchase agreements can now be updated directly from negotiated awards, ensuring that procurement agreements are always current.

Supplier Qualification Management

• Advanced Questionnaires: Internal supplier registration processes now include the use of questionnaires, created with the help of generative AI. This helps in more thorough supplier evaluations.

• Draft Question Management: Users can add and manage draft questions within qualification areas, making the qualification process more flexible and efficient.

Procurement Contracts

• Time Zone Display: Contract dates are now displayed according to the time zone setup, ensuring consistency and clarity across global operations.

• Enhanced Contract Requests: The updated features also include better tools for managing contract requests, simplifying the entire lifecycle of procurement contracts.

Common Procurement

• Integration and Extension: The new REST resources allow for better integration and extension of procurement functionalities with other systems.

• Agreement Controls Update: Users can now update agreement controls from external applications, providing more flexibility and control over procurement agreements.

Purchasing

• Special Handling Reports: Users can generate reports on purchase orders that require special handling using OTBI, improving the visibility and management of these orders.

• REST API Enhancements: The REST API now includes options to include or exclude external purchase prices, providing more flexibility in managing purchasing data.

Selected Purchasing Bug Fixes

• Bug Fixes and Improvements: The 24D release includes several bug fixes and improvements to enhance the overall functionality and user experience of the Procurement module.

These enhancements aim to streamline procurement processes, improve data management, and provide a more intuitive user experience

 EnchantApps Oracle Cloud experts can help you with your 24D Upgrade and testing. Make sure that Oracle Cloud quarterly updates do not impact your business processes! We are here to help you! Contact us for more details.
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