Business Administration Certification: Covid-torn supply chains speed cloud adoption, states Oracle's Miranda

Thursday, March 25, 2021

Covid-torn supply chains speed cloud adoption, states Oracle's Miranda

Second wave of pandemic has seen some Oracle customers accelerate adoption and others address some business software application house cleaning

Brian McKenna

Brian McKenna,
Business Applications Editor

Published: 24 Mar 2021 15: 15

Oracle is introducing some new components to its Oracle Fusion Cloud Supply Chain & Manufacturing (SCM) application at its Oracle Live occasion today.

Presiding at the event will be Steve Miranda, executive vice-president, applications advancement, who leads Oracle applications development internationally.

Miranda told Computer system Weekly in a rundown ahead of the occasion that the provider’s clients have been speeding up “go-lives” throughout the 2nd wave of the Covid-19 pandemic, throughout the board.

Miranda discussed supply chain companies as speeding up in adopting more of Oracle’s software as a service applications functionality in action to the 2nd wave of the pandemic. “Whether it’s Federal Express or Unilever– companies of that sort have likewise seen either a velocity or an increased demand in particular areas, driven from the pandemic,” he said.

However, he likewise noted that other Oracle clients have utilized the pandemic period to do some house cleansing, and here he cited Marriott.

” In Marriott’s case, there was a go-live across the board in HR. Considered that they didn’t have a great deal of other things going on in the business, they had the ability to concentrate on some of the infrastructure tasks.”

In regards to Oracle’s supply chain innovation provided as software application as a service (SaaS), Miranda stated the pandemic has accelerated adoption for particular markets. “That’s not only about new features, however in the supply chain product itself,” he said. “Plainly, we are seeing companies taking lessons learned from the pandemic and trying to eliminate single-source traffic jams from their supply chain, consisting of single-source geographies for their supply chains.

” And so products like supply chain planning, transport planning and global trade management, while those are not new products, are seeing increased interest and adoption because of the pandemic.

In a declaration to coincide with Oracle Live, the provider said the new features in Oracle Cloud SCM will “assist clients manage frictionless operations, plan and carry out perfect deliveries, and increase operational performance”.

Amongst the new tools the supplier has actually included are what it describes as a new order management ability, where users can “proceed to other tasks while big orders process in the background and execute protected and fast charge card payments for sales orders”.

In terms of procurement, it stated: “New auction prebids assist suppliers better get ready for negotiations; master agreement variables improve the precision of agreement details; and broadened purchase order circulation abilities will assist consumers work together better.”

Oracle said it has also included new logistics abilities to assist organisations plan and adapt to disruptions. These include Oracle Transport Management (OTM) machine learning abilities that it said assists customers to predict transit times properly, reduce expenses associated with unexpected delays, and boost logistics efficiency.

Another artificial intelligence function is Oracle IoT Fleet Monitoring, which is stated to enhance accuracy and provide expense savings by “applying feature-based artificial intelligence on OTM information to determine insights and anticipate transit times for prepared shipments”.

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