Cloud-significant Oracle has recently introduced new AI and automation capabilities across its Fusion Cloud Supply and Manufacturing (SCM) applications. The move is aimed at helping customers accelerate supply chain planning, increase operational efficiency, and improve financial accuracy. Supply chain disruptions have become a business reality, and global and domestic socio-economic dynamics, trade restrictions, and compliance issues have amplified this. India is a critical player in the Asian region and global trade ecosystems. There is a huge need for the public and private sectors to have supply chain frameworks that drive system integration, identify risk concerns, and produce leads to efficiency.
The Need for Effective Supply Chain Frameworks in India
Oracle India’s Senior Director of Cloud ERP, Kaushik Mitra, stated that stakeholders are required to have effective technologies that are innovative and sound enough to handle the complex processes, identify and reduce bottlenecks and track the movement across supply chains accurately. With the latest enhancements in Oracle SCM solution and Oracle’s complete suite of integrated Fusion applications, organizations can manage supply chain data on the same platform. All processes from finance, HR, and customer experience can function on the same platform to accelerate the quote-to-cash process, break down silos within operations, and remove barriers that have traditionally existed between various business functions.
Enhancing Supply Chain Management with Oracle Fusion Applications Suite
Oracle’s new AI features will help customers improve the accuracy of lead time assumptions by using machine learning to highlight variances based on actual performance. Jon Chorley, Senior Vice President of Supply Chain Applications and Chief Sustainability Officer of Oracle, said that “the last few years have highlighted the value of supply chain insights, efficiency, and accuracy, and the consequences of moving too slow when a disruption occurs.”
Part of Oracle Fusion Applications Suite, Oracle Cloud SCM helps organizations seamlessly connect supply chain processes and quickly respond to changing demand, supply, and market conditions. The supply chain updates to Oracle Fusion Applications Suite include new planning, usage-based pricing, rebate management capabilities within Oracle Fusion Cloud Supply Chain & Manufacturing (SCM), and enhanced quote-to-cash processes in Oracle Fusion Applications.
One of the significant supply chain updates to Oracle Fusion Applications Suite is the new AI-powered lead time estimates in Oracle Supply Chain Planning. This feature will help customers improve the accuracy of lead time assumptions by using machine learning to highlight variances based on actual performance. Embedded in Oracle Supply Chain Planning’s Planning Advisor, the new feature can improve planning efficiency and results by identifying lead time trends, anomalies, and their potential impact with prioritized actions and resolution suggestions.
Addressing Challenges with Integrated Platforms for AI and Automation
Many organizations struggle with disconnected systems that require complex and costly integrations, slowing business processes and impacting financial accuracy and profitability. To address these challenges and improve the speed and accuracy of insights, they need an integrated platform that enables AI and automation to be embedded in supply chain processes.
In a statement, Jon Chorley said, “With Oracle’s complete suite of integrated applications, organizations can manage supply chain data on the same platform as finance, HR, and customer experience to accelerate processes like quote-to-cash and remove barriers that have traditionally existed between different business functions. This holistic approach creates an environment where AI and automation can flourish to help businesses drive efficiencies and achieve more with less.”
Integrating AI and automation in the supply chain is a significant development that can help companies achieve greater efficiency and productivity while minimizing the risk of disruptions. With Oracle’s new capabilities, organizations can streamline their supply chain processes, reduce costs, and enhance their financial accuracy, giving them a competitive edge in the marketplace.