How Oracle SCM Modules Can Improve Supply Chain Processes

FEBRUARY 16, 2022 12:30 AM

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The primary purpose of the Supply Chain Management (SCM) process is to satisfy customer requirements as efficiently as possible, from order initiation to fulfillment. What organizations need today is a helpful Cloud Advisory Service that can help them take control of the supply chain operations through effective planning and implementation knowledge.

From Farm to Fork

Supply Chain Management is an end-to-end business process that involves the flow of a product's entire lifecycle, such as where it originated, how the raw materials were moved and stored, and tracking its inventory to the final product where it is going to be consumed-"Farm to Fork."

Oracle SCM Cloud Modules:

Supply Chain Planning- The market is rapidly growing, and machine learning predictions are being used to combine demand management, sales, operations planning, and supply and distribution planning to achieve better results.
Procurement Cloud- From purchase order to settlement, an organization can now deploy new purchasing practices with sourcing, contracting, procure-to-pay, analytic insights, and easily manage revisions features to help meet changing customer business needs.
Inventory Management Cloud- Ensure rapid order fulfillment by providing comprehensive materials management and real-time visibility of stocks and costs across your organization, suppliers, and global supply networks.
Order Management- Meet changing market needs by consolidating orders and invoices from all your channels with different fulfillment options like dropship, back-to-back, and configure-to-order.
Logistics Cloud- Fine-tune warehouse operations and streamline delivery by integrating transportation, warehouse, and global trade management systems in one cloud-based suite. Respond faster to any disruption and resolve issues quickly using intelligent technologies for a seamless trade experience.

Insights and Benefits of Oracle SCM Cloud

Oracle Supply Chain Management offers continuously innovated solutions in complex supply chain activities:

To improve supply chain functions, Oracle SCM Cloud empowers users with a flexible installation that allows them to choose the right components and modules for integration.
Leveraging the cloud allows you to access data from anywhere, anytime; you can access important supply chain data to safely back up critical information.
Cost optimization and enhanced productivity throughout the supply chain improve customer service metrics' visibility.
Equip and incorporate modern technologies like AI, blockchain, and machine learning.
The daily operational cost will drastically decrease without onsite support as it supports the digital data exchange.

Oracle reports that migration to SCM Cloud has helped organizations:

Cut transportation costs by 20%
Speed up their order fulfillment by 3x
Achieve a 96% delivery satisfaction rating

Cloud-based supply chain management has several advantages over the manual inventory process. However, any business may face a few roadblocks, especially when migrating to the Oracle SCM Cloud. Organizations have started to witness enormous growth opportunities in migrating to Oracle cloud-based SCM solutions with the help of Oracle consultants. These organizations benefit from having more control over critical applications while decreasing loss and business downtime.

Why SMACT Works

Cloud advisory services from cloud technology companies offer often focus on migrating conventional businesses to the cloud. SMACT has invested in and developed solutions that have a strategic approach, proprietary tools, transformation framework, and accelerators that will reshape your logistics management by reducing the number of hands managing the goods. With the SMACT team, you can stay ahead of your competitors by improving order fulfillment, order management, decision-making, and warehouse activities.

Oracle Cloud technology is frequently updated, so choosing the right Oracle Consulting Service partner right from the start ensures that your organization can leverage the cloud's many benefits for ever-changing industry demands. Contact us today!

FAQs

What is Supply Chain Management's (SCM) primary goal, and how can Oracle SCM Cloud help achieve it?
The main objective of SCM is to fulfill customer requirements efficiently from order initiation to delivery. Oracle SCM Cloud facilitates this through its various modules and features, providing planning, procurement, inventory management, order management, and logistics tools. Oracle SCM Cloud helps businesses streamline their processes and ensure customer satisfaction by providing visibility, optimizing costs, and incorporating modern technologies.
What key modules are offered within Oracle SCM Cloud, and what aspects of the supply chain address them?
Oracle SCM Cloud offers several key modules:

Supply Chain Planning: Combines demand management, sales, operations planning, and supply/distribution planning using machine learning predictions for better results.
Procurement Cloud: This service manages the purchasing process from purchase order to settlement, including sourcing, contracting, and procure-to-pay functionalities.
Inventory Management Cloud: Provides real-time visibility of stocks and costs across the organization, suppliers, and global networks for efficient material management and rapid order fulfillment.
Order Management: Consolidates orders and invoices from all channels and manages different fulfillment options.
Logistics Cloud: Integrates transportation, warehouse, and global trade management systems to streamline delivery and respond quickly to disruptions.

What results have organizations seen after migrating to Oracle SCM Cloud?
Organizations that have migrated to Oracle SCM Cloud have reported several positive outcomes: a 20% reduction in transportation costs, 3x faster order fulfillment, and a 96% delivery satisfaction rating. These metrics highlight the significant improvements in efficiency and customer service that can be achieved.
Why might a company partner with SMACT Works for an Oracle SCM Cloud implementation?
Companies might choose SMACT Works due to their specialized approach, proprietary tools, and strategic focus. SMACT helps businesses optimize order fulfillment, management, decision-making, and warehouse activities. Their expertise in Oracle Cloud technology, combined with their structured methodologies, enables them to reduce the number of hands managing goods, improve logistics management, and allow businesses to stay ahead of their competitors, particularly for those migrating to cloud solutions.
What is the "Farm to Fork" concept in the context of SCM, and how does Oracle SCM Cloud support it?
The "Farm to Fork" concept refers to the end-to-end business process of SCM, which involves tracking a product's entire lifecycle, from its origin to the consumer. This process includes how raw materials are moved and stored and monitoring the inventory of the final product to where it is consumed. Oracle SCM Cloud helps manage this end-to-end process with modules for planning, procurement, inventory, order, and logistics, ensuring businesses have complete visibility of the product journey and can manage it efficiently.

About SMACT Works

SMACT Works is a technology-focused systems integrator and IT/ERP consulting firm. We deliver end-to-end consulting, managed, and implementation services for Oracle Cloud Applications, IaaS & PaaS, On-Premise PeopleSoft & EBS Applications. Headquartered in Dublin, OH, we have a global presence with North America and Asia offices. We are an Oracle Gold Partner Cloud Standard, ISO 9001, and 27001 certified delivery organization serving customers with Excellence and Integrity.