As global supply chains become more complex and agile, end to end tracking and tracing continues to be a key challenge. Companies often have challenge tracking product journey, component provenance and supply chain exceptions quickly, and efficiently. Oracle Digital Supply Chain with Intelligent Track and Trace provides end-to-end visibility of the entire supply chain on a real-time basis, improves supply chain efficiency and reduces costs.
Supply chain transparency and traceability are significant challenges for today’s complex supply chain. The solution provides real-time visibility and control of the entire supply chain by out-of-the-box integration with SCM and ERP systems such that companies can share information with ecosystem partners in a trusted and secured manner, manage supply chains more effectively and reduce supply chain costs.
The solution streamlines business exception handling and automates supply chain processes using Smart Contracts. Enterprises can manage contractual agreements with multiple parties and they can enforce contractual terms automatically.
Managing compliance issues for multiple stakeholders who are dispersed across multiple geographies can be cumbersome, costly, and time consuming. Smart Contracts can ensure that all the necessary compliance documents are included by a supplier before moving on to the next step of the execution process, making supply chain execution more responsive.
Oracle Intelligent Track and Trace application is a cloud native, prebuilt Blockchain solution which integrates with Oracle SaaS and PaaS solutions as well as on-premise, third-party systems. It makes it easy for enterprises to resolve supply chain transactions in a trusted and secure manner and it helps in improving supply chain efficiency and reducing costs.
Oracle SCM Cloud incorporates the digital supply chain with capabilities that include product innovation, strategic material sourcing, outsourced manufacturing, integrated logistics, omnichannel fulfillment, and integrated demand and supply planning, making Oracle SCM Cloud the most comprehensive SCM suite in the cloud.
Oracle IoT Asset Monitoring Cloud provides real time insights from the connected asserts such that enterprises can monitor and manage business critical assets proactively, gain real time visibility of asset health and utilization and predict future asset behaviors. This helps enterprises to optimize asset performance and improve profitability of the business.
Watch this video to learn how Oracle Intelligent Track and Trace application can help you in optimizing your supply chain by providing real-time visibility and control of your entire distributed supply chain. Build on Oracle Blockchain technology, the solution helps enterprises to resolve supply chain transactions in a secured and trusted manner.
This paper presents the point of views of Oracle’s product vision and Deloitte’s supply chain industry knowledge to showcase how Blockchain and IoT can help companies to innovate with agile, transparent and trusted supply chains and to develop competitive advantages in the connected world.
The blog explains how Oracle Intelligent Track and Trace application, which is built on Oracle Blockchain and integrated with Oracle IoT, can help companies to optimize their supply chain operations and gain competitive advantage.