Wednesday Mar 05, 2014

Oracle Introduces In-Memory Cost Management Applications for Process and Discrete Industries

In 2013, Big Data” surpassed “Social Media” and “Mobility” as one of the most searched concepts on the Internet. Gerd Leonhard, a noted futurist, author and CEO of the Futures Agency, stated that Big Data’s economic and social importance will rival that of the oil economy by 2020. With the ever-increasing global adoption of smart phones, we are heading towards 5 billion connected devices. With the addition of other electronic devices such as sensors, wearables, and smart homes, that number is expected to grow to 50 billion by 2018. The amount of data being collected across all of these platforms is mind-boggling, and companies that realize the potential of what can be done with that data are breaking away from the pack. Those companies understand this potential and are now investing time and money into tools that can convert all that data into information that drives actionable insights. Oracle’s new In-Memory Cost Management applications for Oracle E-Business Suite offers those insights to for users in discrete manufacturing with Oracle In-Memory Cost Management for Discrete Industries and for users in process manufacturing with Oracle In-Memory Cost Management for Process Industries.

In today’s global manufacturing environment, manufacturers face a multitude of challenges due to regulatory compliance, stringent quality processes and increasing manufacturing costs. In order to accurately calculate margins and maximize profits, organizations must gather, maintain and analyze growing volumes of current and historical cost data. However, existing cost management solutions have not kept up with the exploding volumes of data across global manufacturing operations and various supply chains. To help solve this critical business need, Oracle has introduced Oracle In-Memory Cost Management for Discrete Industries for Oracle E-Business Suite and Oracle In-Memory Cost Management for Process Industries for Oracle E-Business Suite. Utilizing the extreme performance delivered by Oracle Engineered Systems, the new Oracle In-Memory Cost Management solutions are a combination of software and hardware that enables real-time insight across virtually all aspects of cost management, allowing organizations to maximize revenue, increase profits and optimize operational costs and working capital.

Oracle In-Memory Cost Management applications help businesses make decisions in time to capture the highest possible profits and margins, and to discover hidden opportunities to shrink operational costs. Cost accountants, operations, finance and procurement managers can use Oracle In-Memory Cost Management solutions to quickly perform what-if simulations on complex cost data and instantly visualize the impact of changes to their businesses. While existing cost management solutions often require long wait times for batch processes to complete on huge data sets, Oracle In-Memory Cost Management solutions run efficiently in real-time and come pre-built with critical analytical features including Cost Impact Simulator, Gross Profit Analyzer and Cost Comparison Tool.

Oracle’s Cost Impact Simulator and Gross Profit Analyzer help organizations maximize revenue and increase profits by:

  • Undertaking multidimensional cost analyses leveraging complex multi-level bills of material and routing data
  • Perform detailed ‘what-if’ cost simulations and timely analyses of costs and related inventory valuations
  • Easily assessing the impact of future margins including any potential downstream impact of unshipped orders and forecasted demand

Oracle’s Cost Comparison Tool enables users to quickly view and analyze the details of complex cost structures across multiple manufacturing locations so that businesses can reach timely decisions that allow them to identify the most profitable cost structures, simulate the enterprise-wide impact of cost changes and then propagate those savings across their enterprises. Oracle’s Cost Comparison Tool also helps businesses discover hidden opportunities to further shrink operational costs by processing and visualizing large volumes of cost element data quickly.

To help customers in discrete industries such as automotive, aerospace and defense, high tech and industrial manufacturing, Oracle In-Memory Cost Management for Discrete Industries’ transformational suite of applications allows businesses to drive strategic cost management objectives by maximizing gross margins and profits, optimizing product cost structures through minimizing component costs, creating profitable product mixes across their global operations and finding the right products to both increase penetration in existing markets and enter new markets. Oracle In-Memory Cost Management for Process Industries’ does the same thing for customers in process industries such as natural resources, life sciences, food and beverage, chemicals and consumer goods.

For more information on these products, please check out these links:


Wednesday Sep 26, 2012

A Guide to Fusion SCM at Oracle OpenWorld 2012

Are you attending next week’s Oracle OpenWorld 2012 conference? Then you won’t want to miss the Fusion SCM activities and customer presenters from leading companies like Boeing and Fideltronik. Below you’ll find a day by day guide of the various Fusion SCM sessions, demos and activities during OpenWorld 2012, September 30 – October 4 in San Francisco, CA.

Tuesday, October 2

All of the Fusion SCM sessions during OpenWorld will take place in various rooms at Moscone West, a convenience you are sure to appreciate, as will your feet.  

The first session at 10:15 – 11:15 am (Moscone West, Room 2006), entitled “Oracle Fusion Supply Chain Management: Overview, Strategy, Customer Experiences, and Roadmap”, provides an overview of Fusion Supply Chain Management applications and will discuss Fusion SCM strategy, future roadmap, and highlights of customer examples.

The next session at 11:45 am – 12:45 pm (Moscone West, Room 2022), entitled “Enabling Trusted Enterprise Product Data with Oracle Fusion Product Hub”, may be the session for you if you’re struggling with achieving consistent, high-quality product data that provides significant business value. This session will discuss how Oracle Fusion Product Hub and Oracle Enterprise Data Quality can help you to achieve this vision. A customer presenter from Fideltronik will share their experiences with Oracle Fusion Product Hub.

At the end of the day unwind at the Supply Chain Management customer reception from 6:00 – 8:00 pm at the Roe Lounge, located at 651 Howard Street. Registration is required. Click here for details.

Wednesday, October 3

Wednesday is a busy day with three Fusion SCM sessions on the agenda. Start your day at 10:15 am at the “Oracle Fusion Supply Chain Management: Customer Adoption and Experiences” session (Moscone West, Room 2003).  This must see session will showcase customer speakers from The Boeing Company and Fideltronik, each of whom will share their company’s experiences in selecting and implementing Fusion SCM applications.

If you’re wondering how Fusion SCM applications can co-exist with your existing Oracle applications, then you’ll want to sit in on the 3:30 pm session entitled “Oracle Fusion Supply Chain Management: Coexistence with Other Oracle Applications” (Moscone West, Room 2003).

Stick around until 5:00 pm for the final Fusion SCM session of the day entitled “Responsive Fulfillment with Oracle Fusion Supply Chain Management” (Moscone West, Room 2001).  This session will showcase Oracle Fusion Distributed Order Orchestration and Oracle Fusion Global Order Promising and how they are changing the way companies manage order fulfillment in environments. In addition to discussing the current business challenges, product capabilities, value propositions, industry applicability, and future roadmap this session will also feature a customer presenter from The Boeing Company.

Thursday, October 4

If you are a retail customer we highly recommend that you attend the final Fusion SCM session of the week at 12:45 pm, entitled “Multichannel Fulfillment Excellence in the Direct-to-Consumer Market” (Moscone West, Room 2024).  Retailers will learn how they can transform their supply chains to meet the ever-increasing demands of buy anywhere/get anywhere cross-channel requirements with Fusion Distributed Order Orchestration and Oracle Fusion Product Hub.

Throughout the week, you’ll also want to visit the Fusion SCM demo pods at the Demogrounds in Moscone West so you can see demos of these Fusion applications. Visit pod W-005 for Fusion Distributed Order Orchestration, W-008 for Fusion Inventory and Cost Management, and W-006 for Fusion Product Hub. Click here for the Demogrounds map.

A reminder that you can also pre-register for these sessions to secure your spot. Visit the Schedule Builder to pre-enroll for these sessions.

Finally, you'll also want to check out the Fusion SCM FocusOn document which includes additional keynote and general sessions that you may want to attend throughout the week.  

We look forward to seeing you in San Francisco next week.

Friday Jul 13, 2012

New Fusion SCM Podcast Now Available

Are you curious to hear the latest news and updates about Oracle’s Fusion Supply Chain Management applications? If so, check out this latest podcast and discover how these next generation Fusion SCM applications can transform your supply chain to deliver world class performance. 

Click here to listen to the podcast.

Monday Mar 12, 2012

Is there 'Pink Slime' in your Supply Chain? Yuck or Holy Cow!

Food processors use least cost formulation to produce ground beef. The media reports that 6% of lean finely textured beef (LFTB) goes into ground meat and hamburgers at some locations.  Called 'pink-slime' by one writer, some fast food chains are updating their ingredients.  Consumers have a right to know what they are buying or eating.[Read More]
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A Blog about how Oracle helps organizations transform their supply chains into more holistic and integrated value chains that cover the three key operational pillars; Demand, Supply and Product.

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