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Today’s supply chains are complex, spanning across multiple ecosystem partners, spread across multiple geographies, and managed by multiple stakeholders. When there are fluctuations in supply or demand, this complexity can lead to problems such as stock outs, inventory pile ups, lost revenues, and unhappy customers. The Oracle Zero Latency Supply Chain solution provides a framework to sense and orchestrate supply chain events with near zero latency, such that organizations can achieve better predictability and quicker responses to their supply chain processes.
Processing and analyzing end-to-end (E2E) real-time supply chain events are a big challenge for many supply chain managers. Today’s supply chains have high latency that can lead to suboptimal performance, including high inventory costs, constant demand supply mismatch, poor product quality, and less trust among ecosystem partners. Identifying and resolving these challenges on a real-time basis lowers overall supply chain costs and improves customer satisfaction.
The Oracle Zero Latency Supply Chain solution streamlines supply chain exception handling and automates E2E supply chain processes to improve predictability and execution. It includes the flexibility for you to introduce new automation processes agreed upon by all parties.
Managing compliance issues for multiple stakeholders who are dispersed across multiple geographies can be cumbersome, costly, and time-consuming. The Oracle Zero Latency Supply Chain solution simplifies these challenges by ensuring transparency and visibility across the E2E supply chain transactions and by automating compliance and regulatory requirements for multiple geographies.
Oracle Intelligent Track and Trace is a cloud native, prebuilt blockchain solution which integrates with Oracle SaaS and PaaS solutions as well as on-premises, third-party systems. It makes it easy for enterprises to resolve supply chain transactions in a trusted and secure manner and it helps improve supply chain efficiency and reduce 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 assets 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.
Supply chain managers often do not have full visibility into their extended supply chain, as most of them lack real-time information about their supply chain events across the entire network. This information latency makes the supply network less responsive to recent events, leading to poor, less effective decision making.
Learn how Oracle Intelligent Track and Trace application can help you optimize 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.
Oracle’s product vision and Deloitte’s supply chain industry knowledge 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, Supply Chain Management (SCM) and other enterprise systems, can help companies to optimize their supply chain operations and gain competitive advantage.