What is Oracle Fusion Cloud Supply Chain Management?
A recent survey by Oracle with 1000 US consumers reported that 82% of them fear that the disruptions in the global supply chain will affect their life plans. Close to 92% add that they are skeptical if things would only get worse. These worries are bound to baffle people, especially when the holiday season is around the corner.
Disruptions are not new. Companies must be ready when demand spikes or the supply gets delayed, either of which ends up with the customer waiting. For companies dependent on aging customized business applications, it makes it even more difficult to change course with time. A successful company has its supply chain aligned with the business strategy and at the same time is flexible and responsive to external requirements. No wonder, 78% of the consumers in the study reported that they would prefer to buy from a brand that uses Artificial Intelligence (AI) to manage its supply chain.
What are the Issues with Legacy SCM Technology?
Agility Issues: Traditional on-premise SCM technology is often prone to fragility. It is not as responsive to a business’s changing requirements. In fact, it would demand interventions, modifications, and workarounds.
Demand and Fulfillment Issues: Legacy SCM systems need third-party systems and processes to support channels. This compromises visibility, service consistency, and cost insights.
Fulfillment Complexity: Legacy SCM set-ups may be able to offer native support for a few fulfillment channels and may need third-party tools, and bespoke models to deal with others.
Incomplete Visibility: It is important that order and transaction data are readily available. While some information shall be available, there would be some information that may not be readily accessible in a legacy system.
Customization Concerns: Customizing products or offering same-day-fulfillment can be quite a game-changer. However, data quality gaps and lack of integration rising out of on-premise may hamper these commitments.
Oracle provides a full suite of supply chain and manufacturing applications that runs in the cloud which includes procurement, manufacturing, inventory, and logistics.
What is Oracle Supply Chain Management and Manufacturing?
When there are big changes to demand or supply, Oracle supply chain planning helps you react quickly to balance the two. Any disruption with key suppliers, procurement will immediately help you assess other trusted suppliers. Transportation and global trade management help you fulfill orders successfully, by land, sea, or air, and supports compliance with global regulations. It also connects fleets, anticipates machine affairs, and monitors replacements with Oracle.
Why Oracle Fusion Cloud SCM?
Rules of manufacturing are constantly evolving as business advances. Fluctuating demands, changes in regulations, growing customer expectations, and shorter product life cycles render siloed supply chain processes ineffective. Oracle Cloud Supply Chain & Manufacturing (SCM) offers tools that are modern, flexible, and scalable. It helps businesses to exceed their customer’s expectations by way of automating supply chains. Also, it helps businesses stay dynamic with new updates every 90 days.
How can Oracle SCM optimize Purchase, Production and Delivery?
- Get up to 67% faster supply chain planning cycles. With Oracle SCM, tailor configurations to optimize planning and execution across domains. Also, you can systematically collaborate with your suppliers for accommodating demand forecast changes with no manual intervention.
- Reduce change transactions by 35%. Reduce manual coordination for order management and supply chain in both back-to-back and drop-ship flows by auto-synchronization of sales orders, purchase orders, and work orders
- Gain 50% reduction in work order tasks by reducing the number of tasks and screens required to manage work orders, in turn offering better user experiences.
- Benefit from Oracle Cloud through quick review and drill-down reporting on key performance indicators
- Automate approval decisions through configurable notifications
- Offer optimized and flexible workflows, and data integrated from multiple platforms for quicker decision making.
- Analyze data directly out of the modules for smarter decision making
- Get quarterly updates, refine user experiences based on feedback, and analyze
- up-to-date supply chain experience for customers and employees for delight
Oracle Fusion Cloud Supply Chain and Manufacturing Modules
Supply Chain Planning: Manage your supply chain in the cloud with demand management, replenishment planning, production scheduling, backlog management, sales, and operations planning, and supply chain collaboration.
Inventory Management: Get complete visibility on the movement of goods across the supply network with materials management, replenishment management, cost determination, and profitability optimization.
Manufacturing: Improve your production efficiencies while reducing costs across production processes like discrete, process, mixed-mode, and contract. Manage production schedules, project-driven supply chain, and factory.
Maintenance: With advanced technologies, Oracle Fusion Cloud Maintenance covers asset management, scheduling, work execution, work order costing, spare parts inventory and procurement, preventive, and predictive maintenance.
Order Management: Improve customer service and offer faster deliveries with omnichannel order management, price management, products and services configuration, and channel revenue management.
Logistics: Seamlessly manage transportation with network modeling, warehouse, and transportation management, operational planning, fleet, and global trade management.
Product Lifecycle Management: Rapidly design and launch new products with innovation management, product development, and quality management.
Procurement: Streamline purchase, spend compliance and payments, manage with Supplier Relationship Management, supplier contract lifecycle, and improve supplier collaboration and productivity.
Blockchain and IoT: Detect issues proactively, get multitier visibility, and automate supply chain executions with machine data.
Analytics: Make smarter predictions and better decisions across the supply chain with machine learning and artificial intelligence.
Benefits of Oracle Cloud SCM
Smart Manufacturing: Empowers your business with accurate forecasting, collaboration, and visibility. Get a resilient supply chain planning, manufacturing, and execution, and respond to changing situations through advanced technology-driven processes.
Intelligent Track and Trace: Get operations, machine, and product data to analyze and forecast trends and explore model scenarios. Make adjustments in plans, forecasts, and supply chain execution decisions to respond to changes.
Exceptional Customer Experience: Through a unified solution for sales, service, and SCM, plan and deliver exceptional customer experiences through perfectly executed orders and services. Collaborate across channels, even remotely from anywhere, anytime.