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1Z0-963 exam Dumps Source : Oracle Procurement Cloud 2017 Implementation Essentials
Test Code : 1Z0-963
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Now that the Pentagon has concluded knowledge conflicts of activity did not corrupt the JEDI (Joint enterprise defense Infrastructure) cloud contracting procedure, a federal decide ruled Tuesday that Oracle's lawsuit difficult that procedure can proceed.
decide Eric Bruggink on Tuesday lifted a reside in Oracle's swimsuit towards the federal govt and Amazon web capabilities and scheduled upcoming filing time limits in the case, together with Oracle's submission of a supplemental grievance earlier than April 26.
The Pentagon remaining month requested Bruggink pause the case so it may additional investigate some of the issues raised through Oracle, including allegations of conflicts involving two defense force officers who had business ties to Amazon because the branch of defense turned into atmosphere criteria and soliciting for bids for a doubtlessly $10 billion contract to modernize its IT infrastructure within the cloud.
[Related: Federal Judge Eyes New Conflict Claims In Oracle’s JEDI Cloud Contract Suit]
decide Bruggink noted he issued the stay because of potentially new tips emerging round those feasible conflicts.
When the Pentagon concluded the integrity of its system in making a choice on an enterprise cloud issuer was sound, it concurrently referred to it would award the winner-take-all JEDI contract to either Amazon or Microsoft.
when you consider that Oracle has now been definitively knocked off the short-list of providers nevertheless vying for the award, it's now not clear what the budding cloud provider will choose to argue in its case in opposition t the govt and AWS, or if it's going to continue to pursue the remember in courtroom.
An Oracle spokesperson declined a CRN request for remark.
AWS and Microsoft, the primary and second greatest enterprise cloud suppliers, respectively, were the handiest two bidders within the $10 billion sweepstakes that met the militia's "aggressive latitude resolution" to proceed within the technique, noted Elissa Smith, a spokeswoman for the branch of protection.
In scheduling oral arguments for the week of July 8, the choose noted the Pentagon will not award the contract earlier than July 19.
"source choices of this magnitude are complex and with the investigation, and protest litigation activities commonly, award dates are sometimes impacted. The earliest the contract is probably going to be awarded is mid-July," Smith informed CRN, including the executive hasn't yet set a selected date.
A protection branch Inspector frequent's investigation remains probing "capabilities ethical violations" surrounding two former Amazon personnel who had been concerned within the military's supplier alternative process, Smith pointed out.
In March, the FBI's Public Corruption Squad became involved in that probe.
Oracle and other name-brand know-how carriers have again and again claimed the winner-take-all nature of the award and criteria wherein a dealer should be chosen violate trade superior practices and had been geared to deliver the whole thing of the contract to AWS.
In its prison filings, Oracle puzzled the "propriety" of the procurement manner after acquiring communications wherein an authentic known as colleagues voicing assist for AWS opponents "dum dums."
Oracle has honed in on two people who helped lead the JEDI initiative– Deap Ubhi, who served as JEDI challenge supervisor on the DoD, and Anthony DeMartino, chief of personnel for the Deputy Secretary of protection.
Ubhi, the lawsuit states, labored at AWS except becoming a member of the protection Digital provider in the summer of 2016. He again to AWS as normal supervisor in November 2017.
DeMartino, chief of workforce for the Deputy Secretary of defense, turned into a expert for AWS earlier than being tapped with the aid of the DoD.
The JEDI initiative is only one element of the armed forces's bold cloud modernization strategy, but it surely has created a firestorm of controversy in Silicon Valley, including criticism from an industry change neighborhood, the protests to the GAO, and Oracle's lawsuit.
A Cloud strategy doc presented to Congress makes a difference between the DoD's want for a "ordinary intention" cloud, and ones that could be "healthy For purpose"
The regular goal cloud with a view to go to AWS or Microsoft can be the cloud of first-choice, with a "basic implementation bias" for all defense organizations.
"most effective when mission wants cannot be supported by means of accepted purpose will healthy For intention options be explored," the document reads.
"Mission homeowners" that want to stray from the cloud issuer selected during the JEDI initiative will must submit an "Exception short" to the DoD's CIO explaining why they consider the ability they require can not be met by way of the normal aim cloud.
David Harris contributed to this record.
Apr 18, 2019 (MARKITWIRED by means of COMTEX) -- VALLEY COTTAGE, N.Y. - The procurement industry is transforming into rapidly with the expanding wants of an organization. To live on and maintain in this intensely competitive market, vendors are focusing on enhancing their delivery models with know-how. The method or the motion to acquire goods and features is called procurement.
Procurement software is a computer program helps in generating a purchase order order, executing the ordering manner on-line, and matching invoices to materials obtained, and paying all bills electronically. It helps in decreasing exterior fees, system efficiencies, spending controls, increases productiveness and generating electronic requests for counsel (e-RFI), requests for notion (e-RFP) and requests for citation (e-RFQ). Procurement application together with E-procurement reduces the overall procurement life cycle.
Procurement software helps users combine enterprise processes and increase the standard cost of organizations. It helps transparency in financial supply chains and contract particulars for generating invoices to complete payments. carriers are offering software solutions that aid corporations to automate procurement activities which in turn enhance the demand for items in the world market. These activities encompass automation of bill administration techniques, electronic requisitioning manner, order management process, and different procurement related actions.
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Procurement software Market: Drivers and Challenges
one of the crucial fundamental driver of the procurement software market is the consolidation of deliver chain administration (SCM) manner which reduces usual manner complexity. The rising want for the automation of procurement tactics, the emergence of eProcurement expertise, will pressure the growth potentialities for the world procurement application market within the coming years.
as a result of the automation of the procurement system the great manage may additionally suffer which can prevent the boom of the market. one of the fundamental challenge is that it is extraordinarily advanced and users want huge practising to use it.
Procurement application Market: Segmentation
On the foundation of deployment, procurement software market can be segmented into cloud and on-premises.
On the foundation of end-person, procurement utility market can be segmented into protection business, telecom industry, manufacturing plant life, and others.
On the basis of location, procurement application market can also be segmented into North the usa, Latin the us, Western Europe, center East & Africa (MEA), Asia Pacific except Japan (APEJ) and Japan.
Preview analysis of Procurement application Market: global business analysis 2012 - 2016 and probability assessment; 2017 - 2027:https://www.futuremarketinsights.com/reports/procurement-application-market
Procurement application Market: Regional Outlook
right now, North america is the biggest market for procurement software. Majority of procurement software and leading carrier suppliers similar to IBM and Oracle are based mostly in North america. aside from this, the Asia pacific region including developing countries reminiscent of China and India are nonetheless lagging in terms of adoption of the software, due to the inability of professional procurement experts. Even the few which have adopted this application shouldn't have sufficient abilities on the way to use it to its most beneficial effectivity.
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Key Market players:
some of the main gamers of procurement software market are: Basware, IBM, Oracle, PROACTIS, SAP, JAGGAER (in the past called SciQuest).
other trendy companies out there consist of BRAVOSOLUTION SPA, BuyerQuest Holdings Inc., Coupa software Inc., Epicor utility agency, Infor, Ivalua Inc., JDA software community, Inc., OpusCapita neighborhood Oy, Tradeshift, Tungsten business enterprise plc, Vinimaya, and Zycus Inc.
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Reporter overlaying the defense business and executive contractors.April 10
The Pentagon has narrowed the field of knowledge awardees for its $10 billion cloud computing contract to simply two corporations: Amazon and Microsoft, protection department spokeswoman Elissa Smith said Wednesday.
The Pentagon one at a time decided that alleged conflicts of hobby on the a part of Amazon web services didn't adversely influence the procurement, concluding an investigation it opened in late February. The Pentagon’s investigation did uncover “skills ethical violations” that would be forwarded to the protection department inspector universal for extra inquiry, Smith talked about Monday.
The Pentagon’s decision simply eliminates IBM and Oracle from the operating for one of the greatest military IT procurements in historical past, the Joint enterprise protection Infrastructure contract referred to as “JEDI."
The investigation’s conclusion could chart a path ahead for the embattled cloud computing initiative, which has been held up in federal court docket: The defense department now expects to award the contract by using mid-July “at the earliest,” Smith said, reflecting a extend from its initial timeline.
“DOD remains dedicated to adopting the optimum commercial enterprise cloud solution that suits its enjoyable and critical wants,” Smith noted in an e-mail.
The information become reported first via Bloomberg news. Spokesmen for Microsoft, Amazon and Oracle declined to comment. An IBM spokeswoman didn't instantly respond to a request for comment.
The Pentagon’s announcement demonstrated what industry analysts have spoke of for greater than a year: Microsoft and Amazon are the most effective two businesses with a shot at winning the $10 billion contract under its present necessities.
In recent years, Amazon’s net capabilities cloud computing unit has become the market-leading cloud provider within the commercial sector, and it has benefited from years of adventure coping with categorised statistics for the CIA because of an past $600 million contract. (Amazon chief govt Jeff Bezos owns The Washington post.)
The Pentagon has again and again emphasised that it should rely on distinct cloud suppliers for its operations. nevertheless it has additionally held company in its preliminary determination to present the JEDI contract, a possible $10 billion, 10-year cloud procurement, to just one provider.
That decision has made JEDI a competitive lightning rod for numerous West Coast tech corporations in the hunt for business in Washington. defense branch officials have talked about that roughly eighty p.c of the Pentagon’s present cloud computing efforts can be subsumed through JEDI, which means some legacy cloud systems may well be swept apart.
From the moment of its public unveiling closing 12 months, the JEDI contract has been dogged with the aid of allegations that it is biased in prefer of Amazon web services, something that has been the discipline of two bid protests and an investigation by the protection department inspector commonplace.
Pre-award bid protests from Oracle and IBM were respectively denied and dismissed by way of the govt Accountability office closing 12 months. Oracle later took its case to the U.S. court docket of Federal Claims, the place it accused Amazon and the protection department of improper conflicts of interest in relation to the contract.
The case was put on hold in late February when the defense department opened an investigation into allegations that Amazon created a battle of hobby when it hired Deap Ubhi, a former defense department procurement skilled who worked on the JEDI assignment in its early planning phases.
Ubhi, a Silicon Valley delivery-up founder, had labored for Amazon’s industrial cloud computing division before going to work for the protection Digital service in 2016. while he worked on the Pentagon, Ubhi worked on early planning for the JEDI procurement. The procurement kicked off quickly after he left the Pentagon to rejoin Amazon in November 2017.
Oracle’s lawsuit has established across the conception that Ubhi might have improperly influenced the procurement all the way through his tenure on the defense department or carried exclusive procurement suggestions when he rejoined Amazon.
whereas he labored on the Pentagon, Ubhi claimed to be “leading the effort” to outfit the defense department with commercial cloud computing expertise. He brazenly praised Amazon on Twitter whereas he turned into a govt legitimate, repeatedly relating to himself as an “Amazonian” whereas he helped lay the groundwork for a govt contract Amazon is now bidding on.
earlier than he left the protection branch, Ubhi recused himself from the JEDI procurement. aside from his job at the Pentagon, Ubhi had been running a tech birth-up referred to as TableHero, a business that drew interest from Amazon. In his October 2017 recusal letter, Ubhi stated “expertise conflicts coming up from “partnership” discussions between Amazon and TableHero, according to courtroom files. it's doubtful if those discussions went anywhere.
Amazon and the defense branch have sought to portray Ubhi as a minor participant who couldn't have influenced the JEDI contract in his incredibly short stint in govt. Amazon accused Oracle of dragging Ubhi right into a “huge fishing excursion” supposed to undo a countrywide safety initiative.
“Oracle attempts to use Mr. Ubhi’s voluntary recusal as proof of supposed bias, when basically it demonstrates precisely the opposite: Mr. Ubhi acted specifically to steer clear of any skills conflict via voluntarily recusing himself from any JEDI activities earlier than he ultimately back to AWS,” Amazon’s attorneys wrote in a recent court docket filing.
An Amazon spokesman has time and again declined to make Ubhi available for an interview, citing pending litigation. Amazon has also declined to comment on whether the business engaged in acquisition or partnership discussions with TableHero while Ubhi labored for the Pentagon, when employment discussions begun for his 2nd stint at Amazon, or what caused his recusal in the first vicinity.
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IT professionals looking for a great field to conquer should consider the supply chain, which drives the retail and manufacturing industries globally. Experts recommend one or more of these five certifications as a surefire ticket to supply chain management success.
For those looking for lots of opportunity and action, supply chain management is a terrific focus for an IT career. Gartner estimates that the total supply chain management market for software topped $13 billion in 2017, up 11 percent from 2016. This includes an abundance of software applications designed for the supply chain, the web of vendors and suppliers who design, build, ship, and deliver component parts and finished goods of all kinds.
IT professionals can find jobs in managing systems and tracking activity, quality, and schedules across the entire supply chain. Plus, there is plenty more work to be found building and maintaining systems to manage that supply chain, from raw materials all the way to post-delivery customer support and service.
In general, supply chain management (usually abbreviated as SCM) breaks down into several separate but interlocking disciplines, including:
Throughout the entire SCM lifecycle, analytics (big data) plays an important role. Such analytics support improved strategic decision-making, help organizations improve their market positions, and offer optimized returns on investment that often lead to accelerated growth and higher profits. Because there's big money in the supply chain, there's also lots of opportunity, particularly for those who possess the technical skills to extract analytical insights from the wealth of data involved.
When evaluating prospective SCM IT candidates, employers increasingly look to certification as a measure of interest and excellence as well as a commitment to formal processes and quality controls. In this article, they dig into five SCM-related certifications they consider to be leaders in this field today. They are:
These credentials are intermediate to senior level in terms of their depth and breadth of coverage, and in their assumed levels of knowledge, skills, and experience for qualified candidates. At the end of this article, they offer additional certification options. That's because the SCM field is large and growing, with numerous other options that interested IT pros can choose from.
Supply chain management jobs cover lots of territory, and they include such titles as SC analyst, SC developer, SC administrator, SC architect, and more. Average salaries for SCM professionals vary widely by location and specialty. That said, salaries for CPIMs range from a low of under $30,000 to a high of $117,000, with a median of about $57,000, according to SimplyHired's salary estimator. The CPSM scored the highest salary, at more than $125,000. A general search on "supply chain manager" produced the following annual salaries: $54,000 (low), $90,000 (median), $149,000 (high).
If you're seriously interested in supply chain management, certification is a great option to advance your career. A variety of experts from the field, including a SCM project manager at Boeing, a three-member panel that included SCM practitioners and consultants, and a market research firm, all identified certifications as anywhere from helpful to essential for aspiring SCM professionals. They can't help but do likewise here.
Before digging into the minutiae of their top five SCM certifications, look over their informal job board survey. This data reports the number of job posts nationwide for which their featured credentials were mentioned on a specific day. These numbers should give you a good grasp on the relative popularity and demand for each of these certifications.Job Board Search Results (in alphabetical order, by certification) Certified in Production and Inventory Management (CPIM)
The CPIM comes from the Association for Operations Management, aka APICS. It was originally called the American Production and Inventory Control Society, whence its acronym comes. Now, some 60 years after it was founded, APICs is an international body that includes arms devoted to production, inventory control, supply chain management, and transportation and logistics. As such things go, the CPIM has been around for a long time, having first been offered in 1973. More than 100,000 people hold this credential. [Take a Certified in Production & Inventory Management Practice Test at Udemy]
The CPIM seeks to identify individuals with a strong working knowledge of supply chain management concepts and best practices. The subject matter covered in the certification training and testing includes demand management, procurement and supplier planning, material requirements planning, capacity requirements planning, sales and operations planning, master scheduling, supplier relationships. There is also a strong emphasis on quality control and continuous improvement methods and practices.CPIM Facts and Figures Certification Name Certified in Production and Inventory Management (CPIM) Prerequisites & Required Courses Training is required, but may be self-paced ($1,240 and up) or in the classroom ($1,750 for members; $1,980 for nonmembers and up) Number of Exams Two Exams: CPIM Part 1 and Part 2, which cover five major topic areas (also define in-class modules taught for this curriculum)Basics of Supply Chain ManagementMaster Planning of ResourcesDetailed Scheduling and PlanningExecution and Control of OperationsStrategic Management of Resources Cost of Exam Learning bundles that include training plus exams add $440 to the above prices. Annual association membership (dues are $220) is also required. URL http://learn.apics.org/cpim/ Self-Study Materials APICS sells online training, practice tests and exams through its CPIM page. Local APICS chapters offer instructor-led training at regular intervals. Certified Professional in Supply Management (CPSM)
The CPSM is issued by the Institute for Supply Management, or ISM. On its history page, the organization claims "more than 100 years of experience." They also claim that more than 60,000 CPSMs have been earned, though this number includes both lapsed and current credentials.
The ISM takes the certification process very seriously. It uses practicing SMEs and performs detailed job task analyses to determine what topics to cover on its exams. SMEs also write candidate questions, then review them as a committee, to select questions for inclusion on exams. Question banks are subject to ongoing psychometric analysis so they accurately test for real-world skills and knowledge, and reflect candidate's analytical, understanding, and problem-solving abilities.
The CPSM is valid for three years, after which holders must apply for recertification, along with documentation for 60 hours of approved continuing education hours (CEHs as ISM calls them).
The ISM provides a CPSM FAQ that documents average costs to earn the credential: $1,200 to $1,800 for ISM members; $2,000 to $2,400 for nonmembers. Topics on the three required CPSM exams come from a variety of domains, and are fully documented in the CPSM FAQ and its Exam Specifications.
The ISM wants CPSMs to have a strong grasp of all major topics, trends and technologies, and best practices as they relate to supply management. In addition, ISM also offers a CPSD (Certified Professional in Supplier Diversity) credential, which seeks to help organizations engage in supplier diversity.CPSM Facts and Figures Certification Name Certified Professional in Supply Management (CPSM) Prerequisites & Required Courses Three years' full-time supply management experience in a non-clerical, non-support role, plus a regionally accredited bachelor's degree. Alternatively, five years of like experience (nonclerical, nonsupport) is also acceptable. Courses are optional. Number of Exams
Three Exams:Exam 1 – Foundation of Supply Management (2:45, 165 questions)Exam 2 – Effective Supply Management Performance (2:45, 165 questions)Exam 3 – Leadership in Supply Management (3:00, 180 questions)
Exams may be taken at Pearson VUE testing centers or by prior arrangement with ISM for on-site training/testing combinations.Cost of Exam $229 for ISM members; $379 for first exam for nonmembers (includes price of membership in the cost; subsequent exams will be at member cost.) Annual membership is required and costs $210 to join, and $190 thereafter to maintain. URL https://www.instituteforsupplymanagement.org/certification/content.cfm?ItemNumber=30605 Self-Study Materials ISM offers a range of exam-preparation materials, including study tips and study materials that include a reading list, three volumes of study guides ($79/$119 member/nonmember and up), self-study workbooks, practice tests, and more. A variety of bundles is available, and members qualify for discounts. Certified Supply Chain Professional (CSCP)
The CSCP is another certification from APICS (it also sponsors the CPIM certification). This credential has been available since 2006, and more than 21,000 professionals from around the world have earned it since then. The stated goal of the certification is to help professionals demonstrate their supply chain skills and knowledge and to develop "more streamlined operations." Eligibility requirements for the CSCP require that candidates meet at least one of the following criteria:
As with the CPIM, candidates must complete training to take the exam. Self-study options are available through the CSCP Learning System (PLUS members pay $995; CORE or nonmembers pay $1,380). Instructor-led online courses are available from Fox Valley Technical College. Instructor-led training is available through various APICS training partners, starting at $3,095 ($3,295, which includes APICS membership). APICS also offers another certification aimed at supply chain logistics: the CLTD (Certified in Logistics, Transportation and Distribution).CSCP Facts and Figures Certification Name Certified Supply Chain Professional (CSCP) Prerequisites & Required Courses Training is required, but may be self-paced ($995/$1,380 and up) or in the classroom ($3,095 for members; $3,295 for nonmembers and up) Number of Exams One Exam (3:30, 150 multiple-choice questions)Available through Pearson VUE (authorization to test form must be completed to purchase the exam) Cost of Exam PLUS Member $695CORE Member/Non-member price: $915 (retake $450 [all categories])Annual association membership of $220 also required URL http://www.apics.org/credentials-education/credentials/cscp Self-Study Materials APICS sells online training, practice tests and exams through its CSCP page. Local APICS chapters and other training outlets offer instructor-led training at regular intervals. ASQ Six Sigma Black Belt Certification (CSSBB)
There are several sources for Six Sigma certification. They chose one of the most popular as their exemplar here. But the number of available jobs undercount the total demand for Six Sigma-certified Black Belts, because there's more than one authorized sponsor for this kind of certification.
That said, all Six Sigma Black Belts should be able to explain Six Sigma philosophies and principles as well as the systems and tools that support them. Also, such a person must demonstrate team leadership, thoroughly understands team dynamics, and is able to assign and manage team member roles and responsibilities. [Take a Six Sigma Black Belt Course on Udemy]
Six Sigma Black Belts deeply understand the DMAIC model (define, measure, analyze, improve and control) as it relates to Six Sigma principles and practices, particularly as it relates to manufacturing and service delivery. They also possess basic knowledge about lean enterprise concepts, and can identify non-value-added elements and activities. They also know how to use specific tools and techniques.
CSSBB certification requires two completed projects, each with a signed affidavit. Alternatively, a person with three years' work experience in one or more areas of the certification's body of knowledge, plus a single signed affidavit, may also qualify. Recertification is required every three years. ASQ and other certifying organizations offer other Six Sigma credentials as well, for those interested in quality control and lean enterprise principles.CSSBB Facts and Figures Certification Name Certified Six Sigma Black Belt (CSSBB) Prerequisites & Required Courses Training is required but may be self-paced ($995/$1,380 and up) or in the classroom ($3,095 for members; $3,295 for nonmembers and up)
Number of ExamsOne Exam, two forms:Computer-based (4:30, 165 multiple-choice questions)Paper & pencil (4:00, 150 multiple-choice questions)Detailed info appears in the CSSBB brochure (PDF format)Exams are made available on specific dates for both types, see date information on the CSSBB page under the CBT and Special Administration headings. Cost of Exam ASQ Members: $388Nonmembers: $538Retakes: $388 URL https://asq.org/cert/six-sigma-black-belt Self-Study Materials ASQ lists Training, Books (a detailed reading list) and other resources on the CSSBB page. Oracle E-Business Suite 12 Supply Chain Certified Implementation Specialist: Oracle Purchasing
Not only is this Oracle credential a real mouthful, it's one of the most popular, as measured by specific mention in the job posting sites. Although this certification is more narrowly focused than the other five designations – it takes purchasing for the supply chain as its primary topic – it appears to be in high and general demand. That likely reflects Oracle's dominant position in the enterprise database market, as much as it reflects the importance of best purchasing procedures and practices within the broader field of SCM.
Somewhat atypically, Oracle does not require training to earn this credential, though several optional courses are available:
Only a single exam is required to earn this credential, as further explained in the Facts and Figures section. Oracle offers numerous other certifications under the E-Business Suite 12 Supply Chain and other headings, including:
Oracle offers a variety of single-exam implementation specialist credentials that cover many, if not most, job roles associated with designing, building, and maintaining database applications to address supply chain topics and technologies. The details, while specific to one such exam, generally describe what anyone seeking one of the preceding SCM-related credentials is likely to encounter.
Visit the All Certifications page at Oracle University to see everything that's available in Oracle's enormous certification program. Dozens of items there, primarily under the Applications and Oracle Cloud headings, focus on SCM topics and technologies.Oracle E-Business Suite Procurement Facts and Figures Beyond the Top Five Supply Chain Certifications
Once you go outside their top five picks, there are still plenty of SCM certification options from which IT pros can choose to pursue their career development and advancement options. SAP, for example, offers three Application (Solution) Consultant SAP SCM credentials: one on Planning & Manufacturing, one on ERP Procurement (Material Management), and one on ERP Order Fulfillment (Sales Order Management). Taken en masse, these three items almost matched the job counts for the Six Sigma Black Belt that finished in last place in their top five, so these credentials have some market presence and heft.
Relative newcomer Kinaxis, which offers multiple certifications for its RapidResponse product, may also be worth a look. Their current credentials cover people who solve business issues using simulations (called Contributors); developers who build and modify RapidResponse resources, such as worksheets, dashboards, and alerts (called Authors); and people who install, configure, and maintain RapidResponse systems users and data (called Administrators). Learn more about their offerings on the company's Certification Program home page.
Other SCM certifications are no doubt available in this busy and active marketplace. As always, they suggest that you look at any other player's program (and business) longevity, the size of their certified population, and the rigor of their certification program (Do they do job task analysis? Psychometrics? Formal item evaluation and screening?) before investing your hard-earned money and precious time into such offerings. But with SCM such a potent force in the workplace, we're convinced it's a great focus for a long and interesting IT career.
Oracle today announced that it has entered into an agreement with Aconex Limited (aconex.com), a leading cloud-based solution that manages team collaboration for construction projects, for A$7.80 per share in cash. The transaction is valued at approximately US$1.2 billion, net of Aconex cash.
The Aconex project collaboration solution digitally connects owners, builders and other teams, providing complete visibility and management of data, documents and costs across all stages of a construction project lifecycle. Aconex has been used in over $1 trillion in projects across 70,000 user organizations in over 70 countries.
The Oracle Construction and Engineering Cloud already offers customers the industry’s most advanced solutions for planning, scheduling and delivering large-scale projects. Together, Oracle and Aconex will provide an end-to-end offering for project management and delivery that enables customers to effectively plan, build, and operate construction projects.
“Delivering projects on time and on budget are the highest strategic imperatives for any construction and engineering organization,” said Mike Sicilia, SVP and GM, Construction and Engineering Global Business Unit, Oracle. “With the addition of Aconex, they significantly advance their vision of offering the most comprehensive cloud-based project management solution for this $14 trillion industry.”
“The Aconex and Oracle businesses are a great, natural fit and highly complementary in terms of vision, product, people and geography,” said Leigh Jasper, Founder and Chief Executive Officer, Aconex. “As co-founders of Aconex, both Rob Phillpot and I remain committed to the business and are excited about the opportunity to advance their collective vision on a larger scale, and the benefits this combination will deliver to their customers.”
The Board of Directors of Aconex unanimously recommends the transaction. The transaction is expected to close in the first half of 2018, subject to Aconex shareholder approval and certain regulatory approvals and other customary closing conditions.
More information about this announcement is available at oracle.com/aconex.
Contact: Ken Bond - Oracle Investor RelationsP: +1 650-607-0349 - E: ken.bond[.]oracle.com.
About OracleThe Oracle Cloud (oracle.com) offers complete SaaS application suites for ERP, SCM and CX, plus best-in-class database Platform as a Service (PaaS) and Infrastructure as a Service (IaaS) from data centers throughout the Americas, Europe and Asia.
TrademarksOracle and Java are registered trademarks of Oracle and/or its affiliates. Other names may be trademarks of their respective owners.
Oracle is currently reviewing the existing Aconex product roadmap and will be providing guidance to customers in accordance with Oracle’s standard product communication policies. Any resulting features and timing of release of such features as determined by Oracle’s review of the Aconex product roadmap are at the sole discretion of Oracle. All product roadmap information, whether communicated by Aconex or by Oracle, does not represent a commitment to deliver any material, code, or functionality, and should not be relied upon in making purchasing decision. It is intended for information purposes only, and may not be incorporated into any contract.Cautionary Statement Regarding Forward-Looking Statements
This document contains certain forward-looking statements about Oracle and Aconex, including statements that involve risks and uncertainties concerning Oracle’s proposed acquisition of Aconex, anticipated customer benefits and general business outlook. When used in this document, the words “anticipates”,“can”,“will”,“look forward to”,“expected” and similar expressions and any other statements that are not historical facts are intended to identify those assertions as forward-looking statements. Any such statement may be influenced by a variety of factors, many of which are beyond the control of Oracle or Aconex, that could cause actual outcomes and results to be materially different from those projected, described, expressed or implied in this document due to a number of risks and uncertainties. Potential risks and uncertainties include, among others, the possibility that the transaction will not close or that the closing may be delayed, the anticipated synergies of the combined companies may not be achieved after closing, the combined operations may not be successfully integrated in a timely manner, if at all, general economic conditions in regions in which either company does business, and the possibility that Oracle or Aconex may be adversely affected by other economic, business, and/or competitive factors. Accordingly, no assurances can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what impact they will have on the results of operations or financial condition of Oracle or Aconex.
In addition, please refer to the documents that Oracle files with the U.S. Securities and Exchange Commission on Forms 10-K, 10-Q and 8-K and that Aconex files with the Australian Securities Exchange Ltd. (the “ASX”) on its Market Announcements Platform. These filings identify and address other important factors that could cause Oracle's and Aconex’ respective operational and other results to differ materially from those contained in the forward-looking statements set forth in this document. You are cautioned to not place undue reliance on forward-looking statements, which speak only as of the date of this document. Neither Oracle nor Aconex is under any duty to update any of the information in this document.Additional Information about the Acquisition and Where to Find It
In connection with the proposed transaction, Oracle will purchase all of the share capital of Aconex pursuant to a Scheme of Arrangement under the relevant laws of Australia (the “Scheme”). The terms and conditions relating to the Scheme, including the process for its implementation, are contained in a Scheme Implementation Deed agreed to between Oracle and Aconex dated December 16, 2017 (the “SID”). This document is for informational purposes only and is neither an offer to purchase nor a solicitation of an offer to sell shares of Aconex, nor is it a substitute for the SID or other transaction materials that Aconex will file on the ASX in connection with the Scheme. The Scheme requires certain approval by Aconex stockholders at a meeting of the stockholders (“Scheme Meeting”). The Scheme Booklet containing information relating to the Scheme is expected to be mailed to Aconex stockholders prior to the Scheme Meeting and will contain important information. Holders of shares of Aconex are urged to read these documents when such documents become available because they will contain important information that holders of Aconex securities should consider before making any decision regarding tendering their securities.
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