Oracle has officially announced the launch of new supply chain capabilities within its Oracle Fusion Cloud Applications Suite.
Designed to help healthcare organizations optimize inventory and improve patient care, these enhancements will make it possible for users to automate inventory management, scale up inventory visibility, and improve procurement data quality, all for the purpose of boosting productivity, expanding insights, and enhancing buying decisions.
Talk about the stated updates on a slightly deeper level, they begin from an Inventory Shortages Workbench, which will allow healthcare organizations to quickly identify and solve any inventory shortages or stockouts. This it will do through a single view approach, as well as by enabling customers to easily assess critical item shortages, identify the cause, review options for addressing the shortage, and take a final action to resolve the situation.
“Managing healthcare inventory is a key factor in helping to ensure clinicians have the right supplies for each procedure, but a lot of the critical tasks they perform rely on disconnected manual processes, which can lead to delays, shortages, and slower response times,” said Chris Leone, executive vice president of applications development, Oracle. “These new supply chain capabilities enable inventory managers, buyers, and contract managers to address these challenges by automating stock replenishment, providing a complete view of inventory, and delivering an expansive product catalog. This will help healthcare organizations minimize sourcing errors, and optimize inventory.”
Next up, we have a Mobile Recall Management facility. The stated facility basically empowers organizations to respond quickly, accurately, and comprehensively against any product recall notices. Set to become a part of Oracle Inventory Management solution, the company’s new, responsive mobile application comes decked up with an ability to help customers quickly scan items and locations, record recall counts, and take immediate action to quarantine affected items, improve patient safety, and reduce risk.
Then, there is available RFID for Replenishment, something that treads up a long distance when it comes to supporting a healthcare organization in the context of increasing productivity and preventing delays. As for how the feature achieves that from a practical standpoint, it does that by ensuring the right amount of stock is in the right location at the right time. More on the same would reveal the way this particular capability leverages technologies from Avery Dennison, Terso Solutions, and Zebra Technologies, to automate inventory management, including automatically capturing usage, updating stock balances, tracking location, and triggering restocking of supplies and materials.
Rounding up highlights would be a new Symmetric Health Solutions Partnership, which can help organizations bolster productivity in sourcing, and at the same time, minimize product order errors. Set to become a part of Oracle Healthcare Marketplace, this partnership will offer what would be a new device product catalog from Symmetric Health Solutions. The idea driving such a catalog would be backing customers to discover, source, and price desired items that are not listed within their organization’s existing item master, frequently purchased items, or contract portfolio. Such fully attributed and enriched data unsurprisingly cuts down on the need for manual data maintenance. On the other hand, it also does a lot to improve analytics.
Having referred to its new updates, it must be mentioned that Oracle Fusion Cloud Supply Chain & Manufacturing (SCM), in its current shape and form, has already been helping healthcare organizations seamlessly connect supply chain and clinical processes to quickly respond against changing demand and supply conditions, all for the purpose of delivering the best possible patient care.
