Today, global supply chains are becoming increasingly complex, requiring businesses to leverage intelligent technologies to enhance process efficiency, streamline supply chain operations, and minimize risks.
Oracle, a leading provider of enterprise software solutions, offers a comprehensive suite of Supply Chain Management (SCM) tools designed to meet the ever-changing needs of the modern business landscape. From procurement to distribution, Oracle SCM empowers organizations to improve collaboration, optimize their supply chains, and drive growth.
Read on to learn more about Oracle SCM and where our senior-level Oracle consultants can fit in your organization.
What is Supply Chain Management?
In simple terms, supply chain management (SCM) involves managing the flow of data, goods, and finances related to a product or service throughout the supply chain. Many people associate SCM with logistics, but the two are very different—logistics is a single element within the supply chain.
Supply Chain Management also typically involves overseeing global trade initiatives, such as managing multinational production operations or maintaining relationships with international suppliers.
Digitally-based SCM systems often include software for users involved in the creation of a service or product, such as:
- Wholesalers
- Transportation
- Retailers
- Manufacturers
- Logistics providers
Supply chain operations consist of:
- Supply chain and inventory planning
- Enterprise asset and production line maintenance
- Procurement
- Product lifecycle management
- Order management
Verification, Trust, and Unauthorizing with Blockchain
Modern SCM tools allow business owners to know exactly what’s happening in every aspect of their supply chain at any time. When searching for the right SCM solution for critical business needs, users should seek a blockchain system that embeds insights into the SCM process and improves visibility. This guarantees accuracy, traceability, and trust throughout your end-to-end supply chain.
Today’s top SCM systems offer comprehensive product suites that help organizations optimize and manage supply chain operations in a single, complete environment. With a modern, consumer-led supply chain, users can conquer the challenges of shorter product life cycles, increased customer expectations, and shifting demand. Complete integrations across cloud technology suites allow 100% visibility across an organization’s supply chain landscape.
What is Oracle SCM?
Oracle Supply Chain Management is a cloud-based technology created to unify end-to-end business processes and keep up with the ever-changing supply chain demands across the modern workforce.
It equips the digital supply chain teams with various capabilities, such as strategic material sourcing, product innovation, integrated logistics, outsourced manufacturing, omnichannel fulfillment, and integrated demand and supply planning. Oracle SCM software allows users to slowly deploy new features with minimal risk, lower cost, and maximum flexibility. It also promotes more sustainable supply chain operations and creates ongoing functional innovations.
The Oracle SCM Cloud contains the following modules:
- Supply Chain Planning Cloud
- Logistics Cloud
- Order Management Cloud
- Service Logistics Cloud
- Supply Chain Collaboration and Visibility Cloud
- Supply Chain Execution Cloud (Maintenance, Inventory, Manufacturing)
- Product Management Cloud (PLM/PIM)
- Procurement Cloud
Growth and Flexibility with Oracle SCM Cloud
Combine HR and SCM in one place
Combine HR and SCM processes within a single cloud solution and leverage embedded artificial intelligence (AI) and machine learning (ML) capabilities to gain complete operational insights.
Adapt to everyday changes
Quickly react to business changes and improve operational flexibility and resilience by implementing agile planning and synchronized supply chain execution procedures.
Foster innovation to enhance growth and flexibility
Stay up-to-date on the latest innovations and adapt to changing industry and business requirements to recognize anomalies, forecast outcomes, and make recommendations proactively.
Main Features of Oracle SCM
Supply Management and Procurement: By utilizing features like performance analytics and supplier scorecards, organizations can recognize the best suppliers, ensure compliance, and negotiate ideal contract terms. Oracle’s procurement solutions simplify supplier collaboration, streamline purchase order creation, and accelerate the complete sourcing process.
Demand Planning and Predictions: Oracle SCM enables organizations to accurately predict demand by evaluating historical data, considering external elements, and tracking market trends over time. By understanding future demand trends, businesses can eliminate stock shortages, improve production timetables, and minimize excess inventory.
Warehouse Management: Effective warehouse operations are key to ensuring accurate and timely order fulfillment. Oracle’s warehouse management systems utilize automation, mobile access, and real-time tracking capabilities to enhance order picking, storage, packing, and shipping processes. Organizations can reduce fulfillment expenses and boost productivity by utilizing Oracle’s WM software to optimize warehouse workflows and layouts.
Inventory Management: Maintaining ideal inventory levels is crucial in aligning supply and demand while reducing total carrying costs. Oracle SCM delivers intelligent inventory optimization resources that are mindful of factors like demand variance, lead times, and service level targets to inventory investment and customer contentment.
Supply Chain Collaboration: Oracle SCM delivers intelligent collaboration tools and resources that foster communication, decision-making, and data sharing across the supply network. Productive collaboration with suppliers, partners, and customers is key to achieving total supply chain visibility.
Transportation Management: Oracle SCM allows companies to optimize transportation routes, monitor deliveries, and consolidate shipments in real-time. Predictive analytics and AI algorithms enable organizations to evaluate customer satisfaction levels, reduce transportation expenses, and enhance delivery consistency.
Top Three Benefits of Oracle Cloud Supply Chain Management
1. Provide Excellent Customer Experiences
Exceeding customer expectations requires perfect service and order operations on the first attempt, facilitated by an integrated approach to managing services, supply chains, and sales. Oracle SCM offers social, mobile, and remote accessibility for supply chain planning, collaboration, and execution, regardless of location.
2. Enhance Business Performance
Users can leverage Oracle SCM to improve prediction accuracy, collaboration, and total visibility through adjustable and resilient supply chain manufacturing, planning, and execution operations. With advanced technologies and improved adaptability, users can boost operational efficiency while managing total costs.
3. Exceed Performance Expectations
Oracle SCM utilizes intelligent customer experience, operational, machinery, and product data to predict trends, simulate scenarios, and strategize efficiently. By leveraging intelligent SCM technology, organizations can boost innovation, adapt forecasts, enhance decision-making processes, and synchronize supply chain operations to stay ahead of the curve.
Oracle Fusion Cloud Supply Chain & Manufacturing
Supply Chain Planning
Gain quality planning results, quickly
Intelligently plan for supply, demand, production, and order fulfillment across supply chains to increase service, minimize interruptions, and reduce costs through end-to-end collaboration.
Products
- Sales and Operations Planning
- Supply Planning
- Demand Management
- Supply Chain Collaboration
Inventory Management
Tackle global operations using materials management
Maximize inventory levels and optimize the use of working capital to cut costs and enhance customer satisfaction. Gain total visibility and management of product workflows and interconnected global supply chains throughout your organization.
Capabilities
- Cost Management
- Financials Management
- Supply Chain Orchestration
- Materials Management
Maintenance
Use a closely integrated solution to gain structured maintenance
Implement an intelligent, connected maintenance system to improve dependability and operational uptime while reducing total management expenses.
Capabilities
- Asset Management
- Maintenance Work Execution
- Maintenance Scheduling
- Service Logistics
- Spare Parts Inventory
- Predictive, Preventative, and Project-Driven Maintenance
- Spare Parts Procurement
- Smart Machine Integration
- Work Order Costing
Manufacturing
Create anything using a closely integrated solution
Leverage a unified manufacturing execution system (MES) to optimize global, varied manufacturing processes. Incorporate seamless supply chain integration, AI, and IoT to simplify shop floor execution and scheduling, enhance decision-making, and ensure quality control while reducing costs.
Capabilities
- Process Manufacturing
- Discrete Manufacturing
- Production Scheduling
- Contract Manufacturing
- Project-Driven Manufacturing
- Mixed-Mode Manufacturing
Order Management
Improve and deliver outstanding omnichannel order fulfillment
Simplify rapid order execution, improve customer service and margins, gain total visibility across the customer experience, and improve synchronization between fulfillment sources and channels.
Capabilities
- Pricing Management
- Product and Service Configuration
- Channel Revenue Management
- Omnichannel Order Management
- Rapid Order Fulfillment
- Global Order Promising
Logistics
Use swift logistics to improve change
Adapt to supply chain interruptions and modifications to optimize order fulfillment and reduce logistics costs.
Capabilities
- Warehouse Management
- Transportation Management
- Global Trade Management
Product Lifecycle Management
Expedite product commercialization, development, and innovation
Minimize costs, expedite time-to-market, and enhance the quality of products with a unified digital platform that connects supply chains and unifies product master data.
Capabilities
- Quality Management
- Innovation Management
- Product Master Data Management
- Configurator Modeling
- Product Development
Blockchain and IoT
Improve supply chain collaboration and gain better insights
Integrate operational, product, customer, and machine data to effectively detect issues, enhance visibility across multiple tiers, and gain advanced insights throughout the supply network. Utilize comprehensive data management capabilities to drive confident decisions and automate supply chain execution.
Internet of Things
- Tour the IoT
- Explore IoT
Intuitive Track and Trace
- Tour the blockchain
- View intuitive product details regarding track and trace
Procurement
Encourage employees and simplify procurement
Optimize and unify the source-to-pay process through an intuitive user interface, integrated analytics, and collaborative features. Leverage intelligent procurement tools to simplify supplier management, facilitate ideal supplier selection, ensure compliance with spending policies, and enhance overall profitability.
Capabilities
- Sourcing
- Contracts
- Business Networks
- Procure-to-Pay
- Supplier Management
SCM Analytics
Improve supply chain performance with better insight
Expedite critical supply chain operations with a prebuilt analytics solution for Oracle Cloud SCM, enabling supply chain experts to identify enhancement opportunities, improve revenue, cut costs, and uphold customer satisfaction across the supply chain.
Elevate and augment analytical capabilities and incorporate embedded machine learning and external data sources into Oracle Fusion SCM Analytics, enabling organizations to recognize, understand, and address supply chain challenges.
Capabilities
- Predict future outcomes
- Recognize cost-saving opportunities
- Integrate with Oracle Cloud SCM apps
- Gain total visibility into inventory across locations
- Execute orders to improve customer satisfaction
- Search for opportunities to consolidate spend
How We Can Help
Whether you need a new supply chain management solution to streamline operations, enhance efficiency, and reduce risk, or you’re just beginning your journey with Oracle and need an extra hand, Surety Systems has your back.
Our senior-level Oracle consultants have the technical skills and real-world experience to tackle your most complex project needs and ensure long-term success. We’ll also stick with you after your initial Go-Live date to maximize user adoption and keep all users on the same page from the start.
Contact Us
Are you interested in learning more about Oracle SCM or how our Oracle consultants can help you maximize critical investments?
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