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Senior Director EMEA, Manufacturing and Supply Chain Planning at Oracle, @lionelalbert1
With the latest version of Oracle Supply Chain Management Cloud hitting the market now, Lionel Albert gives us a run-down of the new features, why it’s so important for business apps to be as user-friendly as their consumer counterparts and how the Cloud creates a compelling case for mid-sized companies and established enterprises to invest in an end-to-end solution…
Making Way For Mid-Size
Updates to Oracle Supply Chain Management Cloud have always presented our customers with a whole host of new developments and functionality, and the latest version – Release 11 – continues that tradition.
By delivering the latest tools and technologies via the Cloud, the latest version of Oracle Supply Chain Management removes the barriers around cost and resource, and, crucially, enables mid-sized businesses to phase their adoption of features and functions as and when they need them.
Those who upgrade to the latest version will not only be able to enjoy enhancements to the tools they will be familiar with from Release 10 (helping to manage innovation, product development and commercialization, transportation and global trade management, logistics and order fulfilment), they will also have access to two entirely new products – Oracle Planning Central Cloud and Oracle Manufacturing Cloud.
As a result, we can confidently say that Oracle Supply Chain Management Cloud is the most complete end-to-end supply chain management solution run entirely in the Cloud.
Supply chain software solutions have been available on-premises for many years now, however many mid-sized companies have often found these too costly to implement and manage. By delivering the latest tools and technologies via the Cloud, the latest version of Oracle Supply Chain Management removes the barriers around cost and resource, and, crucially, enables mid-sized businesses to phase their adoption of features and functions as and when they need them.
Modern businesses need systems that are fast, flexible, accessible, secure and usable. Key stakeholders need access to information that’s drawn from multiple sources in real time, so they can make decisions at speed and then act on them just as quickly.
So What’s New?
The new Oracle Planning Central Cloud platform combines demand forecasting, inventory safety stock planning and supply planning into a comprehensive, multi-dimensional analytics framework providing a single, clear view into all aspects of the planning process. Oracle Manufacturing Cloud has been introduced to make it easier for companies to set up and run production operations which include multiple complex processes such as production and cost management.
Meeting the Needs of Modern Businesses – Fast, Flexible and Functional
Extracting the right information at the right time is crucial for any business working in the modern, smartphone-driven, information-anywhere age. Yet there are still many organizations using supply chain applications designed ten or twenty years ago. These can rely on spreadsheet-like systems which present complex data that has to be painstakingly manipulated in order to gain useful insight. For example, I know of a shipping firm that needs 48 hours to produce a quote for a prospective customer. In the modern age that’s simply not acceptable when you can book a flight or hotel room in seconds.
Modern businesses need systems that are fast, flexible, accessible, secure and usable. Key stakeholders need access to information that’s drawn from multiple sources in real time, so they can make decisions at speed and then act on them just as quickly. For example, it should be possible to assess a customer request, raise a quote and email that quote in minutes – not days. Even this is not enough. The supply chain management system must be flexible, able to grow and develop as the company’s needs change, incorporating new data sources quickly and without the need to spend time building new integrations between systems.
For any business, mid-sized or world leading, the benefits of Cloud-based supply chain management are many… Ultimately, it helps make a business more competitive.
To meet these demands, Oracle Supply Chain Management Cloud collates data from multiple sources and makes it accessible on the device of your choice. And, crucially, that data is actionable. This means decisions can be made more quickly, the business is more efficient and profitability rises.
Such new-found efficiencies can help the supply chain take a more central role within the business. Using a Cloud platform results in higher quality reporting to the board, as well as delivering efficiencies across the organization’s IT function as granular, up-to-the-minute information can be easily accessed and interrogated to understand how the supply chain impacts the wider business. Once it is operating in the Cloud, a company has no concerns about maintaining costly data centers, keeping on top of software updates and making constant tweaks and developments to applications. Data security is managed in the Cloud, and compliance issues are dealt with through the service level agreements.
For any business, mid-sized or world leading, the benefits of Cloud-based supply chain management are many. For example, mid-sized mobile enterprise management software platform company Telogis implemented Oracle Order Management Cloud as a ‘traffic cop’ – to provide an overview of order entries that come through different portals, and optimize the order entry and auditing processes. Telogis has also implemented other Oracle Cloud solutions and talks about the experience in this video.
Putting supply chain management in the Cloud makes a business more efficient. It gives improved control over data and assets. Ultimately, it helps make a business more competitive.