Oracle is leveraging its Fusion middleware to allow customers to build custom solutions that manage their relationships with suppliers.

Oracle today has launched a master data management application called Supplier Hub, along with another solution called Oracle Supplier Lifecycle Management. They work in tandem to organize supplier data and manage risks.

Correlating fragmented supplier data will help bring down the cost of managing suppliers dramatically, said Nagaraj Srinivasan, Oracle’s vice president of supply chain management.

Supplier Hub provides data discovery, cleansing and governance. It can also create data services that federate out to other systems.

Pricing is set at US$30 per customer record. The products are included in Oracle E-Business Suite Release 12.1.2.

Oracle bundled those basic business process workflows into the two products, which customers can adapt to their own business processes, Srinivasan said. However, they are required to purchase licenses for Oracle’s Fusion Middleware 11g to integrate Oracle’s supply chain management solutions with their own applications, he added.

The Fusion 11g middleware was released in July 2009. It includes Oracle Coherence, Oracle Enterprise Manager, JDeveloper, JRockit and Oracle WebLogic Server, as well middleware to enable an event-driven architecture within enterprises.