Cloud major Oracle recently launched new AI and automation tools for their Fusion Cloud Supply and Manufacturing (SCM) applications. These capabilities will help customers improve supply chain planning, operations efficiency and financial accuracy. For any business to thrive in a global and domestic socio-economic environment, with the potential of trade restrictions and compliance issues, they require effective technology. Oracle SCM supplies a platform which connects supply chain processes, helps in responding to changing demands, supply and market conditions.
The enhancements in Oracle SCM have been introduced to lead time assumptions. These are assisted by Machine Learning which can identify variances in the actual performance.
Kaushik Mitra, Senior Director, Cloud ERP, Oracle India states that “there is a massive need for both public and private sector to have supply chain frameworks that drive system integration, identify risk concerns, and create leads to drive efficiency”, especially in India being a key player in the Asian region and global trade ecosystems.
The new AI features by Oracle can help customers to improve the accuracy of predictions by providing insights about any discrepancies. They also possess the ability to help break down silos within operations, barriers between business functions, help track the movement and reduce any bottlenecks.
Jon Chorley, Senior Vice President of Supply Chain Applications and Chief Sustainability Officer, Oracle commented that the COVID-19 era has shown the importance of supply chain accuracy, efficiency, and how failure to adapt to disruptions may lead to grave consequences for any company.
The Oracle Fusion Application Suite is a world-renowned application which helps in supply chain digitization and optimization of processes. It is also equipped with modules such as finance, HR, and customer experience which can help to accelerate the quote-to-cash process.
Overall, the new AI and automation capabilities introduced by Oracle across their Fusion Application Suite can be essential for companies to remain competitive in the market and help in responding to changing market environments efficiently.
