Oracle’s PeopleSoft Strategic Sourcing enables your organization to streamline its RFx processes, conduct real-time auctions, and strategically award contracts or purchase orders. The RFx rocess consists of formulating requirements, selecting and inviting bidders, receiving bids, scoring and analyzing the results, negotiating terms, and awarding the contract. PeopleSoft Strategic Sourcing does this by leveraging the power of the internet. Organizations will experience an unprecedented level of profitability, control, and efficiency when buying goods and services.