Oracle announced a series of new innovations to Oracle Supply Chain Management Cloud it says will help global organizations create more responsive and efficient supply chains.
Oracle’s SCM application was introduced to users at announced at the company’s “ Modern Business Experience” event in Las Vegas where thousands of practitioners convened to learn more about the company’s latest offerings.
According to the company, the latest updates will enable organizations to reduce costs and stay ahead of ever-changing customer expectations by connecting customer service and field technicians, aligning orders and invoicing with a project and/or organization, and improving orchestration of vendor-managed inventory.
“Organizations need an efficient and responsive supply chain to stay ahead of constantly changing expectations and that requires trust, transparency and open lines of communication across the entire value chain,” said Jon Chorley, chief sustainability officer and group vice president, supply chain management, Oracle.
In an interview with Supply Chain Management Review (SCMR)—a sister publication—he added that while transparency requires trust, the advantages outweigh risk.
“The new innovations within Oracle SCM Cloud help supply chain managers generate more value from their investment, build adaptable organizations, and lay the foundation for the coming era of blockchain-enabled supply chain transparency,” he said.
Oracle SCM Cloud is “scalable,” said Chorley.noting that organizations of all sizes may take advantage of the latest innovations in artificial intelligence, blockchain, and the Internet of Things across their supplier networks to enhance productivity, reduce costs, and minimize risk.