What is Oracle SCM Cloud?
Oracle SCM is a cloud-based application built by Oracle. It unifies end-to-end business processes considering the changing supply chain needs of the modern enterprises.
It incorporates the digital supply chain with capabilities that include product innovation, strategic material sourcing, outsourced manufacturing, integrated logistics, Omni channel fulfillment, and integrated demand and supply planning, which makes Oracle SCM Cloud the most comprehensive SCM suite in the cloud.
Oracle Supply Chain Management Cloud Solution empowers enterprises to react faster to business events driven by real-time data and information. This innovative solution can help you save millions of dollars and bring efficiency to your supply chain operations. It is designed to standardize the business processes of an organization and is seamlessly integrated with ERP to provide an end-to-end solution for companies adopting Oracle Cloud applications.
How can oracle Supply Chain Management (SCM) help?
Oracle’s Supply Chain Management (SCM) Cloud allows the companies to create their own intelligent supply chain with the benefit of functional innovation. It allows the companies to deploy functionality incrementally, with minimal risk, lower cost, and maximum flexibility all with the benefit of ongoing functional innovation. With this software, we guarantee our customers a method of efficient and productive maintenance, while also having a way to reimagine the business, practices, and experiences.
Oracle SCM cloud consists of various module:
- Logistics cloud,
- Order Management Cloud
- Procurement Cloud
- Product Management Cloud
- Service Logistics Cloud
- Supply Chain Collaboration and Visibility Cloud
- Supply Chain Execution Cloud (Inventory, Maintenance, Manufacturing)
- Supply Chain Planning Cloud
Why do we need SCM?
The Importance of Supply Chain Management
SCM can boost customer service, reduce operating costs, and improve a company’s financial position. Other benefits include reduced inventory costs, better information sharing between partners, improved process integration, and improved quality.
Oracle Cloud SCM benefits
- Optimize business performance, continuously improve forecast accuracy, collaboration, and end-to-end visibility with flexible and resilient supply chain planning, manufacturing, and execution.
- Outperform with intelligence.
- Deliver an exceptional customer experience.
Drive process efficiency while managing costs with integrated, advanced technologies that help you adapt to changing conditions.
There are multiple types of supply chains. A company can supply labor, finished goods, parts, supplies, materials, and more. No matter what your supply chain looks like, or what pieces of it your company is involved with, Oracle Supply Chain Management Cloud or (Oracle SCM Cloud) has the solutions you need. For the purposes of this, we will focus on companies that sell or produce physical items .In the past, raw materials would be gathered and sold by company A. Company B would take those raw materials and turn them into supplies or parts for Company C. Company C would manufacture finished goods. Company D would then buy those goods in bulk to distribute to various retailers. Company E, one of the retailers, buys the product and sells it to a consumer. The following graphic illustrates what the supply chain used to look like:
However, as online sales and companies gain greater traction in the market economy, there has been an increase in manufacturers selling products directly to consumers. This allows manufacturers to connect directly with their consumers and increase their profits while giving customers direct access to the full suite of products at lower prices than customers would see at a retailer. The following graphic illustrates what the supply chain looks like with online sales this shift effectively cuts the supply chain in half.
Why to Choose Oracle SCM Cloud application
- Cost Savings in Operations & IT
- Innovation Opportunities
- Faster to Implement
- Higher Return on Investment
- Increased Security and Data Isolation
- Common and Modern User Experience
- Support Next-Generation Employees
Advantages of SCM cloud
- Agility: SCM Cloud allows you to deploy new services and capabilities quickly and securely, and easily scale to meet rapidly changing demand.
- Completeness and connectivity: Open and seamless integration with IT solutions (financial systems, mobile and IOT devices, etc.) enables real-time collaboration and a single source of truth.
- Security: Cloud solutions support best-in-class security features, such as encryption, virus scanning and whitelist support
- Ease of use: You’ll benefit from the outsourcing of management, maintenance, and upgrades. And from intuitive user experiences, accurate analytics, and social collaboration tools all accessed anywhere, at any time, and from virtually any device.
- Cost and efficiency: On top of low upfront investments, more affordable upgrades and new capability rollouts make adapting to changes far less expensive.
- Fast, flexible, and safe deployment: The best solutions offer a seamless, incremental transition where you select elements that deliver the greatest value and implement at the right pace for your organization.
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