Oracle has officially announced the launch of Oracle Fusion Cloud Advanced Inventory Management, which will join the company’s Fusion Cloud Supply Chain and Manufacturing platform (SCM).
According to certain reports, the stated solution arrives on the scene bearing an ability to streamline warehouse operations and enhance supply chain efficiency. More on the same would reveal this particular technology banks upon embedded AI to simplify processes, improve decision-making, and optimize fulfillment.
Not just that, Oracle Advanced Inventory Management makes it possible for organizations to easily manage and execute tasks, streamline transactions, accelerate fulfillment, improve logistics coordination, and drive greater efficiency in their warehouse operations.
Talk about the whole value proposition on a slightly deeper level, we begin from the promise of streamlined task assignment and execution. This translates to how the technology treads up a long distance to shrink duplication, and at the same time, ensure faster, more accurate task completion on the back of pick slips, PAR counts, cycle counts, physical counts, and deliveries to designated team members.
Next up, we have simplified inventory transactions coming into play. Leveraging license plate numbers to streamline receiving, shipping, transfers, and counting with real-time inventory updates, these transactions tread up a long distance to bolster accuracy and efficiency.
Another detail worth a mention relates to the availability of cross-docking alerts that can come in handy to optimize fulfillment, and at the same time, reduce handling time by notifying team members of opportunities to fulfill open demand and bypass storage.
Then, there is the prospect of load-based shipment grouping, a facility which is responsible for assigning load numbers to consolidate shipments for transport in a single container or truck, all for the purpose of scaling up and cutting down on transportation costs.
Hold on, we still have a few bits left to unpack, considering we haven’t yet touched upon Oracle’s bid to provide suggested put-away locations. These recommendations, designed to shed light upon optimal locations for incoming goods, should accelerate storage decisions.
Rounding up highlights would be the potential for AI-driven inventory automation. Again reaping the benefits of embedded AI capabilities, this particular feature can optimize stock levels, trigger replenishment actions, and automate routine inventory tasks.
Among other things, it ought to be acknowledged that, thanks to Oracle Inventory Management, Oracle Advanced Inventory Management, and Oracle Warehouse Management, Oracle Cloud SCM now has all the means to fulfill inventory management needs at every possible touchpoint, right from stock room fulfillment and manufacturing plants to offsite warehouses and large-scale distribution centers with complex operational needs.
In case you weren’t aware, Oracle Cloud SCM is a platform capable of empowering customers to seamlessly connect supply chain processes and quickly respond against changing demand, supply, and market conditions. Furthermore, it harnesses the power of AI to analyze supply chain data, generate content, and enhance, as well as automate processes to help improve business operations, eventually birthing a resilient supply network.
“Organizations that rely on outdated and manual inventory processes struggle to keep pace with evolving supply chain demands, contributing to errors, higher inventory costs, and delayed fulfilment,” said Srini Rajagopal, vice president of logistics product strategy at Oracle. “Oracle Advanced Inventory Management is designed for healthcare, manufacturing, and distribution organizations that need more than simple inventory transaction execution, but do not require the complexity of a full-scale warehouse management system. It enables these organizations to automate and streamline operations and drive greater efficiency.”
