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Sourcing shared setups with ERP/HCM

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We have a requirement where Customer wants to implement Fusion Sourcing (incl supplier registration, qualification) followed by HCM & ERP in subsequent phases.

1. Can Oracle Sourcing be used as a standalone application?

2. We want to know, what critical shared setups (with HCM, ERP) are required to have Sourcing go-live in standalone mode?

Since we do have HCM, ERP also lined up next, what key design elements (E.g. Chart of Account, ORG Structure, any other?) and foundation setup required?

Would appreciate your early response on this.

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