Oracle Supply Chain Management is a comprehensive solution that helps organizations respond quickly to changing conditions, build resilient networks, and improve forecast accuracy. Oracle SCM provides flexibility in supply chain planning by providing end-to–end visibility of the entire supply chains. This helps to improve collaboration and minimize costs. Oracle Fusion Cloud CMS allows you to streamline your business and collaborate with your suppliers more effectively. Oracle SCM can help achieve these goals by reducing disruptions, reducing cost, and improving forecast accuracy.
Friendly interface
Several of the improvements in Oracle SCM are related to the user-friendly interface. This new release makes the system more accessible and user-friendly. A product based analyzer script provides recommendations, solutions, and early warnings. The Oracle Inbound Transactions Analyzer (a great example) is an excellent example. It is designed for identifying inbound transaction problems and providing solutions. It can also be customized to suit your needs.
Cost Management
Oracle SCM makes it possible to define cost management policies at the individual item level. Cost profiles can be created by product or manufacturing process, and not just rely on one costing methodology. For example, manufacturing items can be driven by a standard cost per unit, while repairs items will use the actual costing methodology. The software supports both open and closed periods. Additionally, the software supports cost simulation as well as copying capabilities.
Decision support
Oracle SCM provides decision support. This is the use of advanced analysis to improve the performance and efficiency of management processes. A comprehensive collection of business intelligence software tools allows management to make informed decisions based upon data and information. Oracle Strategic Enterprise Management is designed to support strategic management techniques in many organizations. Executives can use this technology to control costs and measure progress against a set plan. Employee performance can be measured and compensated. These applications can be integrated with Oracle's ERP systems and used as enterprise-wide solutions.
Regulatory compliance
Organizations need to be able to effectively manage the increasing number of regulations and laws. Oracle has the answer. Oracle SCM regulatory compliance solutions enable organizations to better meet their legal, regulatory and compliance needs. Flexible deployment options are available for all organizations through the Oracle Cloud Platform. Oracle offers a wide range of customizable and configurable products to help customers comply with regulatory requirements.
Flexible solution
Intellinum Inc. is a global leader in supply chain mobility solutions. They have created Flexi LogiPro to provide flexible solutions for Oracle SCM, Oracle WMS Cloud, and Oracle WMS Cloud. This flexible mobile solution offers a mobile-friendly, customizable user interface that can be barcode enabled. It is compatible with Oracle SCM and WMSCloud and integrates with the backend systems in real-time. It's available in both cloud and on-premise deployments and allows companies the ability to tailor their mobile apps to their particular needs.
FAQ
What skills do production planners need?
To become a successful production planner, you need to be organized, flexible, and able to multitask. It is also important to be able communicate with colleagues and clients.
What are the four types in manufacturing?
Manufacturing is the process of transforming raw materials into useful products using machines and processes. It can involve many activities like designing, manufacturing, testing packaging, shipping, selling and servicing.
What are the essential elements of running a logistics firm?
A successful logistics business requires a lot more than just knowledge. Good communication skills are essential to effectively communicate with your suppliers and clients. You should be able analyse data and draw inferences. You need to be able work under pressure and manage stressful situations. You must be creative and innovative to develop new ideas to improve efficiency. You need to have strong leadership qualities to motivate team members and direct them towards achieving organizational goals.
It is also important to be efficient and well organized in order meet deadlines.
Why is logistics important in manufacturing?
Logistics are an essential component of any business. They can help you achieve great success by helping you manage product flow from raw material to finished goods.
Logistics are also important in reducing costs and improving efficiency.
Statistics
- (2:04) MTO is a production technique wherein products are customized according to customer specifications, and production only starts after an order is received. (oracle.com)
- [54][55] These are the top 50 countries by the total value of manufacturing output in US dollars for its noted year according to World Bank.[56] (en.wikipedia.org)
- You can multiply the result by 100 to get the total percent of monthly overhead. (investopedia.com)
- According to the United Nations Industrial Development Organization (UNIDO), China is the top manufacturer worldwide by 2019 output, producing 28.7% of the total global manufacturing output, followed by the United States, Japan, Germany, and India.[52][53] (en.wikipedia.org)
- In 2021, an estimated 12.1 million Americans work in the manufacturing sector.6 (investopedia.com)
External Links
How To
How to use the Just-In Time Method in Production
Just-in-time is a way to cut costs and increase efficiency in business processes. It allows you to get the right amount resources at the right time. This means that you only pay the amount you actually use. Frederick Taylor first coined this term while working in the early 1900s as a foreman. He saw how overtime was paid to workers for work that was delayed. He then concluded that if he could ensure that workers had enough time to do their job before starting to work, this would improve productivity.
JIT is an acronym that means you need to plan ahead so you don’t waste your money. The entire project should be looked at from start to finish. You need to ensure you have enough resources to tackle any issues that might arise. You can anticipate problems and have enough equipment and people available to fix them. This will ensure that you don't spend more money on things that aren't necessary.
There are different types of JIT methods:
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Demand-driven: This is a type of JIT where you order the parts/materials needed for your project regularly. This will allow for you to track the material that you have left after using it. This will allow you to calculate how long it will take to make more.
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Inventory-based: You stock materials in advance to make your projects easier. This allows for you to anticipate how much you can sell.
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Project-driven : This is a method where you make sure that enough money is set aside to pay the project's cost. Once you have an idea of how much material you will need, you can purchase the necessary materials.
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Resource-based: This is the most common form of JIT. Here, you allocate certain resources based on demand. You will, for example, assign more staff to deal with large orders. If you don't have many orders, you'll assign fewer people to handle the workload.
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Cost-based: This approach is very similar to resource-based. However, you don't just care about the number of people you have; you also need to consider how much each person will cost.
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Price-based: This approach is very similar to the cost-based method except that you don't look at individual workers costs but the total cost of the company.
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Material-based - This is a variant of cost-based. But instead of looking at the total company cost, you focus on how much raw material you spend per year.
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Time-based: This is another variation of resource-based JIT. Instead of worrying about how much each worker costs, you can focus on how long the project takes.
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Quality-based JIT - This is another form of resource-based JIT. Instead of looking at the labor costs and time it takes to make a product, think about its quality.
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Value-based JIT: One of the most recent forms of JIT. In this case, you're not concerned with how well the products perform or whether they meet customer expectations. Instead, your goal is to add value to the market.
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Stock-based: This stock-based method focuses on the actual quantity of products being made at any given time. It's useful when you want maximum production and minimal inventory.
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Just-intime planning (JIT), is a combination JIT/sales chain management. It is the process that schedules the delivery of components within a short time of their order. It reduces lead times and improves throughput.