Oracle Fusion SCM online training #shorts #oracle

Oracle Fusion Supply chain management refers to the management of the products and services flow right from the beginning of developing a product to its consumption. It also involves the movement and storage of raw materials involved in the work process, inventory, and furnished goods. Its main aim is to relate and monitor the production, shipment, and distribution of products and services. Supply chain management uses different approaches and strategies in every step of the process for viewing the complete chain and working efficiently. Every step in the process aims to minimize the costs and helps the companies to enhance their performance while creating stakeholder and customer values. This process also can minimize the prices by avoiding unnecessary handling, movements, and expenses.

Oracle Fusion Supply Chain Management is a cloud-based product developed by Oracle. It is used in managing supply and demand. It also manages the resources, demand, and material requirements. It combines business processes taking into account the changing needs of the supply chain of modern enterprises. It allows the deployment of increasing features at low cost, with maximum flexibility and low risk. The key elements related to Oracle Fusion cloud SCM are manufacturing, inventory, cost management, order management, planning, global order promising, pricing, shipping execution, and product management.

The new updates of Oracle fusion cloud SCM are:

1. Production Scheduling: It increases the factory output by utilizing the resources for different industries. It also helps customers manage the production schedules with the help of drag and drops features, real-time work order sync with Oracle Manufacturing, and real-time analytics for monitoring the schedule performance.
2. IoT Production Monitoring and asset monitoring: This feature allows the customers to monitor the characteristics of their resources or assets and get an overview of the production line output.
3. Procurement Capabilities: Improve and simplify the process of obtaining goods and services with pre-bidding auction capabilities, which helps the suppliers to prepare better for negotiation, mastering the contract variables for improving contract information accuracy and the powers of expanded purchase order distribution, which will help the customers to collaborate more effectively.
4. Order Management Capabilities: This feature was added to improve the user experience and productivity for order management. It also enables the users to shift to other tasks while big orders are processed in the background. It also supports fast and secure credit card payments.
5. Lot split, Merge, Translate services: These services allow customers to divide lots into small units, then merge these small lots into a big lot and translate or move them using REST and FBDI (file-based data import) to meet the requirements of partner support.
6. Maintenance Work requests by Oracle Help desk: This feature improves the responsiveness and improves the maintenance of assets by allowing the employee to report facility and maintenance discrepancies related to assets easily and quickly.
7. Qualify goods for Agreements related to trades: It delivers increased competitiveness and enhanced margins. Using this feature, the users can qualify the products to global trade agreements for supporting process internal transfer orders
and customer sales orders.
8. OTM machine learning features: they help the customers predict transit times accurately, reducing the cost related to unplanned delays and increasing the efficiency of logistics.
9. Digitally connected Logistics with IoT: Outstanding integration between Oracle IoT apps and OTM allows the customers to improve deliveries and reduce costs by IoT sensor-based monitoring to track the equipment, pallets, and trailers, and monitor cargo or inventory conditions.

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