"I slept and dreamt that life was joy. I awoke and saw that life was service. I acted and behold, service was joy." - Rabindranath Tagore, Nobel laureate, 1913 (Literature)
Procurement and Contracts Management
Procurement is usually viewed as a cost centre, which can only be marginally improved through the application of ERP. The analysis shows that if a small percentage of change in the purchasing is done it impacts to the cost of the product and it in turns improve the profitability of the company compared to any other cost savings.
Contracts and service buying is a regular exercise in every organization. It is a difficult task to the buyer to collaborate with multiple agencies and come up with the complete terms and conditions for the Contracts and Purchase orders as by nature the clauses are complex and usage of the same is difficult.
A comprehensive Contracts and Procurement Operations enable an organization to
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Supplier Relations Management
Once the sourcing (procurement) team has engaged a supplier there is a real need to maintain a balance of control in the new relationship to ensure the benefits of that deal are delivered. Without proper control it has been suggested that the value of a contract can degrade by up to 30% in the first year (based upon typical industry benchmarks; post contractual opportunities – reference data: Procurement Strategy Council)
This can lead to not only the failure to deliver the projected on-boarding benefit but create frustrating and unsatisfactory relationships, whichin turn can impact service, cost and the ability to adapt to changing market influences.
There are of course other benefits to creating robust relationships with suppliers from a customer perspective especially if a stand-aloneSRM function exists. Cross category supplier measurement can take place, risk mitigation exercises (both reactive and proactive) can be undertaken and knowledge and innovation can be shared for mutual gain. Equally an SRM function can create a community for the SRMs (or Account Managers, Supply chain Consultants, Supplier Performance Managers) in which they can centralise knowledge and deliver revenue generating opportunities for both parties through the exploration of additional, out of current contract business opportunities (i.e. the quid pro quo of a customer providing discounted goods and /or services to their ‘supplier’ in return for improved terms) OracleSupplier Relation Management constitute of two major area one is the iSupplier Portal and the other one is the Sourcing Module Oracle iSupplier Portal and Sourcing are required to maintain a good Supplier Relationship management. iSupplier and Sourcing modules stand out to be benefited for Supplier Management.
Phone calls, faxes, and e-mails with supplier’s waste time, introduce errors, and create latency in your supply chain. Oracle iSupplier Portal, with its powerful platform for online collaboration, enables you and your suppliers to become more efficient. Suppliers access the latest information, including purchase orders, delivery information, and payment status. The rich two-way collaboration enables suppliers to submit change requests, ship notices, payments, and profile data. Now you can gain better service, reduce processing costs, and get relief from costly supplier inquiries. The bottom line is that your buying organization has time to focus on what really matters-getting more savings.Oracle Sourcing is the enterprise application that drives more and better sourcing through online collaboration and negotiation. It is a key component of Oracle Advanced Procurement, the integrated suite that can dramatically cut all supply management costs.
Because strategic sourcing is typically time-consuming and complex, few organizations are able to exploit all available sourcing opportunities. Oracle Sourcing increases the sourcing bandwidth of procurement professionals, so they can exploit many more savings opportunities and capture more value from each. Online collaboration and negotiation makes it easy for experts from multiple organizations to exchange information, define requirements, conduct negotiation, and create new contracts. Buying professionals, business experts, and suppliers can all collaborate to create agreements that provide the best terms.
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Inventory Management
Organizations are constantly trying to find ways to improve performance and warehouse operations is area where supply chain managers can focus to gain maximum efficiency for minimum cost. To get the most out of the operation, a number of best practices can be adopted to improve productivity and overall customer satisfaction.
Oracle's Inventory Management provides advanced, real time inventory transactions & visibility functionality for a wide variety of business types. As demands for compliance to industry wide, governmental or customer compliance mandates increase, enterprises are increasingly looking to flexible supply chain management applications to creatively step up to new pressures while reducing the costs associated with inventory handling and distribution. Oracle Inventory provides flexible and configurable transactional support without compromising your global inventory visibility, product genealogy integrity or multi dimensional inventory visibility. Oracle Inventory supports:
Benefits
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Organizations are constantly trying to find ways to improve performance and warehouse operations is area where supply chain managers can focus to gain maximum efficiency for minimum cost. To get the most out of the operation, a number of best practices can be adopted to improve productivity and overall customer satisfaction.
Inbound logistics has complexities in item identification and most of the human errors are caused because of that. The Warehouse operation provides with the barcode readers or RFID devices that help to identify the material receivedbased on the attached barcode labels. The handheld devices gets the access to the ERP application and entry into the system can happen on the receiving stations on line and save a lot of time of operations.
A lot of efforts are required to maintain and warehouse operations;the greatest effort is in the picking process. To gain efficiencies in picking the labortime to pick orders needs to be reduced and this can achievein a number of ways. Warehouse layout is also important in achieve greater efficiencies. Minimizing travel time between picking locations can greatly improve productivity. However, to achieve this increase in efficiency, companies must develop processes to regularly monitor picking travel times and storage locations.
Warehouse operations that still use conventional methods find that it is not very efficient and prone to human errors. To combat this and to maximize efficiency, world-classwarehouse operations had adopted technology that is some of today’s most advanced systems. Companies are using barcode readers, hand-held RF readers and printers.
Although many companies will not be able to afford new technologies for picking, we’ve seen here that there are a number of best practices that can be adopted to improve efficiency and reduce cost.
Oracle WMS is a Built-in and not Bolt on Architecture:
Oracle WMS executes directly on the same data as the rest of the E-Business suite application. This “built-in” approach avoids data duplication, transaction latency, additional hardware and middleware costs, as well as complex and costly integrations associated with a traditional “bolt-on” WMS system.
Oracle WMS interacts will all the supply chain modules and inherits all the Modernwarehouse management concepts like Wave Planning and Task Management, Opportunistic Cross docking, Forward Pick Locations, Dock Scheduling and Load Sequencing and Rules Engine. To learn more on this concept please read the attachment.
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Organizations are constantly trying to find ways to improve performance and warehouse operations is area where supply chain managers can focus to gain maximum efficiency for minimum cost. To get the most out of the operation, a number of best practices can be adopted to improve productivity and overall customer satisfaction.
With today's rapidly changing business conditions, you need a planning tool that surpasses the traditional latency of disconnected planning processes or Excel planning spreadsheets. You can leverage Oracle® Advanced Supply Chain Planning to be more responsive. You can perform simultaneous material and capacity planning across multiple distribution and manufacturing facilities and time horizons in a single planning run, while at the same time accounting for the latest consensus forecast, sales orders, production status, purchase orders, and inventory policy recommendations. You can choose to start immediately with more advanced constrained and optimized planning, leveraging the out-of-the-box optimization, or you can decide to get to that point gradually by starting with unconstrained planning.
Features and Benefits
Oracle® Advanced Supply Chain Planning enables you to run holistic plans that span long term aggregate planning to short term detailed schedules, multiple manufacturing processes (lot based, process, discrete, configure-to-order, and project based), and all organizations across a virtual supply chain. As a single solution for distribution, supply chain, and manufacturing planning, it is based on one supply chain model, one planning engine, and one setup. Its flexible configuration, however, enables you to define different models that can co-exist (hub-and-spoke planning; single plan) and evolve as your organization grows without requiring reimplementation. Extensive defaulting logic, paired with a productivity enhancing UI and strong exception management, enables planners to quickly use the tool to make their planning decisions.
Oracle® Advanced Supply Chain Planning offers comprehensive support for companies that focus more on solving distribution and replenishment problems. Distribution planners can leverage a comprehensive Distribution Planner Workbench that presents global visibility of material positions, automates allocations and redistribution between regional and central distribution centers, with the ability to manually override, consolidates individual shipments into optimal truckloads, highlights exceptions, and releases planning recommendations for execution while taking into account kitting, end item substitution, date effective sourcing, distribution, allocation rules, global forecasting, alternates (components, suppliers, facilities, and ship methods), and supplier capacity constraints.
Planners can leverage robust exception management and root-cause analysis in combination with graphical supply chain pegging to identify and resolve problems from end demand to the lowest level component or resource requirements. Extensive use of workflow to enable process automation and automated corrective action enables you to significantly reduce the non-value added costs of manual activity. In addition, planners can leverage extensive personalization to tailor their workspace to their needs. Combined with the powerful simulation and multi-planner collaboration capabilities, it enables them to perform their planning tasks quickly and efficiently.
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Demand forecasting is the activity of estimating the quantity of a product or service that consumers will purchase. Demand forecasting involves techniques including both informal methods, such as educated guesses, and quantitative methods, such as the use of historical sales data or current data from test markets. Demand forecasting may be used in making pricing decisions, in assessing future capacity requirements, or in making decisions on whether to enter a new market.
Oracle's Value Chain Planning solution enables companies to become more information-driven with best-in-class supply chain planning applications built around a core of optimization, sales and operations planning, and performance management. JD Edwards EnterpriseOne leverages the extensive offerings of Oracle Value Chain Planning through Oracle's Applications Integration Architecture (AIA).
Using Oracle Value Chain Planning, you can move beyond basic MRP to profitably balance supply and demand, optimize operations to minimize costs, and manage supply chain risk for resiliency and maximum performance in today's rapidly changing global business conditions.
Leverage global demand management to sense local demand volatility, and use these insights to improve business forecasts and build a consensus plan that aligns sales, marketing, finance and operations. With unique capabilities to shape demand, simulate alternative business scenarios and manage risk, Value Chain Planning provides the core of Integrated Business Planning to ensure operations are aligned to meet corporate financial goals.
Oracle's Demantra Demand Management helps you maximize profitability with superior capabilities to better sense, shape, and respond to demand. Automated analytics ensures that your plans are based on the most accurate, forward forecasts without the need of statistical knowledge. The result is a demand-driven organization with higher service levels and sales, more satisfied customers, and lower inventory and distribution costs.
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Supply Chain Analytics
Fact-Based, Actionable Insights for Improving Your Supply Chain
Oracle Supply Chain and Order Management Analytics delivers deep customer insight into order and inventory data so you can make better decisions in each stage of the order lifecycle. Oracle Supply Chain and Order Management Analytics enables you to assess inventory levels, determine likely product fulfillment needs before the order has been booked, quickly identify potential order backlog issues, and stay on top of critical accounts receivable (A/R) and daily sales outstanding (DSO) issues. By leveraging actionable and fact-based insights, you can transform your current Supply Chain and Order Management processes to improve financial performance and customer satisfaction.
Benefits
Better Business Performance—Improve revenue recognition with faster order to booking conversion and fewer bottlenecks in the order to cash cycle
Better Order Fulfillment—Improve inventory management for those products that consistently fall into backlog due to a lack of appropriate stock levels
Better Inventory Management—Gain visibility into inventory activities to minimize unnecessary expenditures and optimize inventory to conserve working capital
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Transport and Fleet Management
The Oracle suite of Supply Chain Management (SCM) applications is divided into two primary categories: Value Chain Planning (VCP) and Value Chain Execution (VCE).
Formerly referred to as Logistics, the VCE suite of applications is a comprehensive set of supply chain execution solutions that work together to provide Oracle customers with a broad array of logistics capabilities. Using a combination of Oracle E-Business suite and Oracle standalone applications, the VCE suite provides users unprecedented flexibility in how they purchase, design, implement and manage their supply chain solutions.
The VCE suite includes: Transportation Management, Warehouse Management, Global Trade Management, Landed Cost Management, and Mobile Supply Chain that includes RFID.
Oracle Transportation Management delivers robust transportation planning and execution capabilities to shippers and third party logistics providers. It integrates and streamlines transportation planning, execution, freight payment, and business process automation on a single application across all modes of transportation, from full truckload to complex multileg air, ocean, and rail shipments. Oracle Transportation Management lowers transportation costs, improves customer service and asset utilization, and provides flexible, global fulfillment options.
Tight Integration, Modular Adoption
Regardless of the size or volume of your business, Oracle Transportation Management delivers the capabilities you need in an open, standards-based architecture that allows you to start with a single component or a mix of components. It also provides the flexibility to grow easily, without installing or reinstalling added functionality. Oracle Transportation Management can be used with an enterprise resource planning or legacy order management system, as well as any commercial best-of-breed or legacy warehouse management system.
Oracle Transportation Management integrates with Oracle E-Business suite, Oracle Order Management, JD Edwards Enterprise One, Siebel CRMand Oracle Warehouse Management.Additionally, by incorporating broader capabilities found in Oracle E-Business Suite (EBS) and Oracle's Siebel Customer Relationship Management (CRM) solutions, organizations can achieve end-to-end support for all aspects of fleet and asset management, including:
Item Master Enrichment
Evosys’ implementation of UNSPSC facilitates Corporation to analyze company’s spend and streamline supplier relationships across every department, all with one global classification system
Companies that implement the UNSPSC can analyze various procurement and purchasing functions to reduce organizational costs and improve supply-chain efficiencies.
Evosys’ cohesive implementation approach for UNSPSC enhances your management systems to classify products and services. The system then allows internal and external audiences to search products where applicable, refer to products by a specific code, and perform precise expenditure analysis on categories that are relevant to your needs.
