Sourcing: Create RFI

1- Enter RFI Title

2- Select Negotiation Style. The negotiation style controls the structure of the negotiation document by identifying which sourcing document elements appear. 

For example, if input from a collaboration team is not required for many negotiations, the Sourcing Administrator can define a negotiation style in which fields related to collaboration teams do not appear. 

3- Select Response Style. The response style determines who will be able to see the quotes/bids and when. The three styles are:

• Open(RFIs and auctions only) - All suppliers can see the quotes/bids, though the
• responding supplier's identity is concealed.
• Blind - Only the buyer can see the quotes/bids.
• Sealed - The buyer can see the responses when the negotiation is unlocked. Both the buyer and suppliers can see the responses when they are unsealed.

4- Select Event. A sourcing event is group of related negotiations. You may want to create a sourcing event if you need to monitor several related negotiations as a group rather than individually. You may also want to create an event if you want to encourage respondents to participate in multiple, similar negotiations .

5-Select Security Level. Buyers creating sourcing documents can control visibility to the document by specifying a security level during the describe negotiation step. There are three possible security levels a buyer can select:

• Public The document can be viewed by any other buyers in the buying organization.
• Private The document can be viewed only by the creator, the creator's manager, and members of the document collaboration team (if any).
• Hierarchy The document can be viewed only by the creator, the creator's manager, members of the document collaboration team (if any), and any members higher than the negotiation owner who are listed in the Security Hierarchy defined in Oracle Purchasing for that document type.

6- Select Sourcing Project. If the current negotiation is being conducted in connection with a project in Oracle Projects, you can link this negotiation to the project by project number.

7- Enter a Description for this RFI

8- Enter Collaboration Team members. You can identify a group of users from within your company who will collaborate on this negotiation. For each member, you can choose to:

• Make the member an approver of the sourcing document.
• Give the member the ability to score supplier responses to negotiation Requirements, (if scoring is allowed by the negotiation style sheet).
• Give the member view-only access to the document. View-only members can view the document but cannot update any information.
• Define a particular task for that member to perform, and a target date by which the task should be completed. The team member marks the task as complete once it is finished. 

9- Terms

• Bill-To Address: The address which your RFQ/Auction bills should be sent. Click the flashlight icon to browser for other addresses. You can select any of the addresses address is defined in Oracle Purchasing.
• Ship-To Address: Address to which the RFQ/Auction items will be shipped.
• Click the flashlight icon to browse for other addresses. The possible values for your operating in Oracle Purchasing.
• Payment Terms: The payment terms for your suppliers. The possible values are defined in Oracle Payables. The default is set in Oracle Purchasing.
• Carrier: The freight carrier your supplier should use. The possible values for
• your operating unit are defined in Oracle Inventory. The default is set in Oracle Purchasing
• FOB: The FOB terms for your supplier. The possible values and the default are defined in Oracle Purchasing.
• Freight Terms: The freight terms for your supplier. The possible values and the default are defined in Oracle Purchasing.

10- Currency Shows the default currency for the negotiation. This is the buyer's default currency. Click Manage Response Currencies to allow responses in more than one currency. 

• Price Precision: The number of decimal places allowed for per-unit prices entered in the RFx/Auction currency. The precision you set doesn't apply to per-unit prices entered in a currency other than the RFx/Auction currency, nor does it apply to currency amounts such as Bid Total or the bid value of Fixed- Amount price elements. While you can set the precision for unit-prices entered in a non-RFx/Auction currency when you define your currency list, the precision for amounts is automatically governed by the standards defined by the ISO (International Organization for Standardization). The ISO standards are used automatically by Sourcing.