Oracle Supply Chain Management is a comprehensive solution for organizations that helps them respond quickly to changing situations, build resilient networks, increase forecast accuracy, as well as 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 CloudSM can help you optimize your business processes and improve your collaboration with your suppliers. Oracle SCM helps you achieve these goals. You can also reduce disruptions, lower costs, and improve forecast accuracy.
It is easy to use
Several of the improvements in Oracle SCM are related to the user-friendly interface. The new release makes it easier and more user-friendly. An analysis script that is product-based provides early warnings, solutions, and recommendations. The Oracle Inbound Transactions Analyzer is a great example of this. It is designed to identify issues with inbound transactions and provides solutions for each issue. It is also highly customizable.
Cost management
Oracle SCM can help you define cost management policies and make decisions at the item-level. Cost profiles can be differentiated according to product and manufacturing processes, rather than using the same costing methodology across all items. For example, manufacturing items can be driven by a standard cost per unit, while repairs items will use the actual costing methodology. The software also supports multiple open and closed periods. Additionally, the software supports cost simulation as well as copying capabilities.
Decision support
Oracle SCM decision support is the application of advanced analytics to enhance the management process' performance. Management can use a wide range of business intelligence tools to determine the best course, based on data. Oracle Strategic Enterprise Management software is designed to help organizations use strategic management techniques. This technology allows executives and managers to manage costs and measure the progress against a predetermined plan. They can also measure and pay employees based upon their performance. These applications are integrated and enterprise-wide solutions that complement Oracle's other ERP systems.
Compliance with the regulations
Organizations must be able implement effective management strategies to deal with the growing number of laws and regulations that regulate compliance. Oracle has the solution. With Oracle SCM regulatory compliance solutions, organizations can more easily meet their legal and regulatory compliance needs. Flexible deployment options are available for all organizations through the Oracle Cloud Platform. Oracle offers many configurable and customizable products that allow customers to stay compliant with regulations.
Flexible solution
Intellinum Inc., a world-renowned provider of supply chain mobility services, has created Flexi LogiPro. It is a flexible solution that supports Oracle SCM Cloud and Oracle WMS cloud. The flexible mobile solution allows for a customized, barcode-enabled user interface on mobile devices. It integrates with the backend system in real time and supports Oracle SCM and WMS Cloud. It can be used on-premise or cloud, and allows companies to customize their mobile apps to meet their specific needs.
FAQ
What are the responsibilities of a logistic manager?
Logistics managers ensure that goods arrive on time and are unharmed. This is accomplished by using the experience and knowledge gained from working with company products. He/she should ensure that sufficient stock is available in order to meet customer demand.
What is the importance of automation in manufacturing?
Automating is not just important for manufacturers, but also for service providers. They can provide services more quickly and efficiently thanks to automation. It helps them to lower costs by reducing human errors, and improving productivity.
What is the responsibility of a manufacturing manager?
A manufacturing manager has to ensure that all manufacturing processes work efficiently and effectively. They should be alert for any potential problems in the company and react accordingly.
They should also be able communicate with other departments, such as sales or marketing.
They should be informed about industry trends and be able make use of this information to improve their productivity and efficiency.
Is there anything we should know about Manufacturing Processes prior to learning about Logistics.
No. No. But, being familiar with manufacturing processes will give you a better understanding about how logistics works.
Statistics
- 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)
- Job #1 is delivering the ordered product according to specifications: color, size, brand, and quantity. (netsuite.com)
- In 2021, an estimated 12.1 million Americans work in the manufacturing sector.6 (investopedia.com)
- (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)
- In the United States, for example, manufacturing makes up 15% of the economic output. (twi-global.com)
External Links
How To
How to Use lean manufacturing in the Production of Goods
Lean manufacturing refers to a method of managing that seeks to improve efficiency and decrease waste. It was developed in Japan between 1970 and 1980 by Taiichi Ohno. TPS founder Kanji Tyoda gave him the Toyota Production System, or TPS award. Michael L. Watkins published the first book on lean manufacturing in 1990.
Lean manufacturing is often described as a set if principles that help improve the quality and speed of products and services. It emphasizes the elimination and minimization of waste in the value stream. Lean manufacturing is called just-in-time (JIT), zero defect, total productive maintenance (TPM), or 5S. Lean manufacturing seeks to eliminate non-value added activities, such as inspection, work, waiting, and rework.
Lean manufacturing not only improves product quality but also reduces costs. Companies can also achieve their goals faster by reducing employee turnover. Lean manufacturing has been deemed one of the best ways to manage the entire value-chain, including customers, distributors as well retailers and employees. Lean manufacturing practices are widespread in many industries. Toyota's philosophy has been a key driver of success in many industries, including automobiles and electronics.
Five principles are the basis of lean manufacturing:
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Define Value - Identify the value your business adds to society and what makes you different from competitors.
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Reduce Waste - Remove any activity which doesn't add value to your supply chain.
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Create Flow: Ensure that the work process flows without interruptions.
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Standardize and simplify - Make your processes as consistent as possible.
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Build Relationships - Establish personal relationships with both internal and external stakeholders.
Lean manufacturing is not a new concept, but it has been gaining popularity over the last few years due to a renewed interest in the economy following the global financial crisis of 2008. Many businesses are now using lean manufacturing to improve their competitiveness. According to some economists, lean manufacturing could be a significant factor in the economic recovery.
Lean manufacturing is now becoming a common practice in the automotive industry, with many benefits. These benefits include increased customer satisfaction, reduced inventory levels and lower operating costs.
Lean manufacturing can be applied to almost every aspect of an organization. However, it is particularly useful when applied to the production side of an organization because it ensures that all steps in the value chain are efficient and effective.
There are three main types of lean manufacturing:
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Just-in Time Manufacturing (JIT), also known as "pull system": This form of lean manufacturing is often referred to simply as "pull". JIT is a method in which components are assembled right at the moment of use, rather than being manufactured ahead of time. This approach reduces lead time, increases availability and reduces inventory.
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Zero Defects Manufacturing: ZDM ensures that no defective units leave the manufacturing plant. If a part is required to be repaired on the assembly line, it should not be scrapped. This applies to finished products, which may need minor repairs before they are shipped.
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Continuous Improvement (CI: Continuous improvement aims to increase the efficiency of operations by constantly identifying and making improvements to reduce or eliminate waste. It involves continuous improvement of processes, people, and tools.