Oracle Introduces New AI, Automation Capabilities To Help Optimise Supply Chain Management

Oracle on Monday introduced new capabilities across Oracle Fusion Cloud Applications Suite that could help customers accelerate supply chain planning, increase operational efficiency and improve financial accuracy.

The updates include new planning, usage based pricing, and rebate management capabilities within Oracle Fusion Cloud Supply Chain & Manufacturing (SCM) and enhanced quote-to-cash processes in Oracle Fusion Applications.

The supply chain updates to Oracle Fusion Applications Suite include New AI-powered lead time estimates in Oracle Supply Chain Planning. This will help customers improve the accuracy of lead time assumptions by using machine learning to highlight variances based on actual performance. Embedded in Oracle Supply Chain Planning’s Planning Advisor, the new feature can improve planning efficiency and results by identifying lead time trends, anomalies, and their potential impact with prioritised actions and resolution suggestions.

Many organisations struggle with disconnected systems that require complex and costly integrations, which slow down business processes and impact financial accuracy and profitability. To address these challenges and improve the speed and accuracy of insights, they need an integrated platform that enables AI and automation to be embedded in supply chain processes.

In a statement, Jon Chorley, senior vice president of supply chain applications and chief sustainability officer, Oracle said, “With Oracle’s complete suite of integrated applications, organizations can manage supply chain data on the same platform as finance, HR, and customer experience to accelerate processes like quote-to-cash and remove barriers that have traditionally existed between different business functions. This holistic approach creates an environment where AI and automation can flourish to help businesses drive efficiencies and achieve more with less.”