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New In-Memory Cost Management Solution Leverages Oracle’s Engineered Systems to Help Manufacturers Optimize Costs and Maximize Profits
As supply chains and logistics networks become more complex, manufacturing operations rely on strategic and operational scenario management to improve the resiliency and profitability of their operations. To help organizations face these challenges, Oracle has introduced a new packaged solution called Oracle In-Memory Cost Management, as well as several other in-memory applications, that take advantage of in-memory technology and Oracle’s engineered systems to help operations executives and cost accountants obtain timely business insights and increase supply chain agility.
“It takes a great deal of number crunching for organizations to accurately value their manufacturing costs and inventory balances at the close of a financial period, for example,” says Ramchand Raman, Oracle’s vice president of manufacturing and supply chain product development. “We optimized complex algorithms to run on Oracle Exadata Database Machine so managers can now complete long, end-of-period activities, such as cost rollups, in seconds or minutes rather than days.”
For example, when a user changes the cost of one particular component, the solution illustrates the impact across all the final assemblies, subassemblies, and spare parts that use the component. “It will also show how the change impacts valuations of material that is on hand, in transit, and in production, along with the ability to visualize the downstream impact to margin and profitability of the company—all in near real time,” Raman explains.
Three High-Speed Solutions
Three recently introduced solutions include Oracle In-Memory Consumption-Driven Planning, which helps organizations understand and respond to actual end-customer demand to improve on-shelf availability and inventory turns. The solution can analyze granular consumption data, such as daily store-level point of sale data, to calculate better time-phased sell-in forecast and support daily store-level replenishment planning. Oracle In-Memory Consumption-Driven Planning also enables managers to create an enterprise demand plan across multiple channels.
With a second solution, Oracle In-Memory Performance-Driven Planning, organizations can analyze massive amounts of supply chain data to simulate multiple real-time scenarios to improve decision-making and reduce risk. Its high performance reduces end-to-end planning cycle time and enables enterprisewide planning across a large number of products and organizations.
The third solution is Oracle In-Memory Logistics Command Center, which allows enterprises to perform risk-scenario management to help increase supply chain resiliency and agility, decrease costs, and improve service levels. Using in-memory technology, managers can perform rapid simulations and what-if analysis of their logistics networks in seconds using operational data, rules, and constraints.
Read a feature page for more details about Oracle’s new in-memory solutions.
Also, a number of presentations and demos devoted to Oracle in-memory solutions are featured at the upcoming Oracle OpenWorld 2013 conference, set for September 22 to 26 in San Francisco, California. See the complete lineup of events and register for Oracle OpenWorld 2013 today.