By Rick Jewell, senior vice president, Oracle Applications development
The last 12 months have caused more disruption to global supply chains than any other period in generations, further highlighting the critical importance of re-platforming, transforming, and evolving supply chain systems.
Building on our already strong, proven, and comprehensive cloud platform, we continue to deliver continuous innovation with more new updates to Oracle Fusion Cloud Supply Chain & Manufacturing (Oracle Cloud SCM).
These new capabilities in Oracle Cloud SCM will further help our customers proactively respond to change, capitalize on shifting market opportunities, orchestrate frictionless operations, and drive sustainable business growth.
In keeping with our commitment to continuous quarterly innovation, below are details on the latest updates included in the 21A and (upcoming) 21B releases.
We have added new capabilities to help our customers simplify the ordering process across channels to help ensure rapid delivery of products and services. The latest updates include:
New Production Scheduling: Maximizes factory throughput and asset utilization for discrete industries. This feature helps customers manage production schedules with drag and drop capabilities, real-time analytics to monitor schedule performance, and real-time work order synchronization with Oracle Manufacturing.
New Order Management Capabilities: Improve the productivity and user experience for Oracle Order Management users by enabling them to move on to other tasks while large orders are processed in the background, in addition to supporting the execution of secure and fast credit card payments.
New Procurement Capabilities: Streamline and simplify the procurement process with: new auction pre-bidding capabilities that help suppliers better prepare for negotiations; master contract variables to improve the accuracy of contract information; and expanded purchase order distribution capabilities that help customers collaborate more effectively.
Maintenance Work Requests Through Oracle Help Desk: Improve responsiveness and enhance asset maintenance by enabling any employee to quickly and easily report facility and asset related maintenance discrepancies.
Lot Split, Merge, and Translate Services: Enable customers to split lots into smaller units, merge smaller lots into one large lot, and move units to a new lot (translate) using REST and file-based data import (FBDI), in order to meet partner support requirements.
New Oracle IoT Asset Monitoring & IoT Production Monitoring Capabilities: Enable customers to monitor key characteristics of their assets and gain a full view of their production line output.
We have also added new logistics capabilities to help organizations plan and adapt to disruptions and execute to exceed customer expectations:
New Oracle Transportation Management (OTM) Machine Learning Capabilities: Help customers accurately predict transit times, reduce costs associated with unplanned delays, and increase logistics efficiency.
New Oracle IoT Fleet Monitoring Machine Learning Capabilities: Improve accuracy and cost savings by applying feature-based machine learning on OTM data to determine insights and predict transit times for planned shipments. In addition, drivers can now use the Oracle IoT Fleet Monitoring mobile app to complete a shipment.
Digitally Connected Logistics with IoT: Out-of-the box integration between OTM and Oracle IoT Intelligent Apps enables customers to reduce costs and streamline deliveries by using IoT sensor-based monitoring to track equipment, trailers, and pallets, as well as to monitor the condition of the cargo or inventory being transported.
Qualify Goods for Trade Agreements: Delivers improved margins and increased competitiveness. With this feature, users can qualify products against global trade agreements to support customer sales orders and internal transfer order processes.
New features and innovations enhance product lifecycle management (PLM) and manufacturing operations:
New PLM Capabilities: New features in Oracle Product Lifecycle Management (PLM) streamline processes related to the development and management of products and services. They include better history tracking and approval management; improved analytics and reporting for pending revisions and product catalogs; and dynamic security enforcement and setup configuration.
After a year of disruption, many organizations realize that now is the time to rethink and modernize their supply chains. The latest updates to Oracle Cloud SCM will help our customers embrace continuous innovation so that they can build adaptable and resilient supply chains that support sustained growth and success.