Supply Chain Management Implementation
The business environment in the 21st century is ultra-competitive, with streamlined, highly efficient supply chains often making the difference between success and mediocrity, even failure. Large- to enterprise-sized corporations often face competition from small, nimble startups, creating the necessity of evolving supply chain management systems. Fortunately, Oracle provides cutting-edge tools to allow you to make excellent decisions across the entire value chain.
Crucial Role of Cloud Supply Chain Management
A recent supply chain leadership study indicates that companies that consider their supply chains strategic assets and position them appropriately deliver 70 percent more effectively than peers who don’t value their supply chains in this way. Seventy-nine percent of people identified as supply chain leaders stated how their revenue growth was “significantly” above their industries’ averages. Effectively managing the supply chain is clearly a crucial element in today’s successful enterprises.
Core Component of Logistics Management
Having key stakeholders understand the importance of maximizing the management of your value chain is crucial. At ArganoCSS, we share why each management change is recommended, as well as the impact on people and processes, and we lay out how this implementation process will take place, step by step.
Benefits of Logistics Management in the Cloud
Using the cloud for logistics management offers multiple advantages, including:
- Faster implementations
- Cost savings
- Improved customer service
- Operational efficiencies
- Productivity improvements
- Added security
- Assists in reaching business objectives
Oracle’s SCM Cloud Solution
If you’re ready to boost your productivity lifecycle management, streamline logistics management in global trade, and put your company on the fast track with ideation and innovation, then consider implementing Oracle’s SCM Cloud Solution. Our consultants combine the very best in Oracle wisdom with deep industry knowledge, gained through hands-on experience. Keep your business moving forward!
SCM Implementation FAQs
Supply chain management is important, overall, because it facilitates the delivery of products to customers. Customers appreciate receiving the correct products in the right quantity/size, delivered on time, the first time. So, a streamlined supply chain, therefore, contributes to quality customer service, which in turn helps to boost customer loyalty.
Plus, a carefully crafted supply chain can reduce your company’s operating costs, with well-designed supply networks able to meet demand in the most cost-effective ways possible within the designated timelines.
Quality processes enhance the trust of participants all along the supply chain, from suppliers to manufacturing plants, plants to warehouse/distribution centers, distribution centers to transportation providers, retailers, and more. Plus, as inventory turns increase and products are in warehouses for reduced amounts of time, this helps to facilitate cost savings.
In-depth visibility into the supply chain helps companies to more nimbly make necessary adjustments, allowing them to maximize their ability to match customer demand with supplier capacity. All of this can lead to reduced inventory costs, improved cash flow, and a more profitable bottom line.
When supply chain management is moved to the Cloud, benefits increase exponentially, with faster implementations of technology upgrades, operational efficiencies with greater security, and more. Cost savings and improved customer service can be even more significant.
ArganoCSS consultants are highly experienced in transitioning supply chain management technology to the Oracle Cloud. Contact us online to talk about your company’s goals, challenges, and more today—and we can design an Oracle solution that dovetails with your precise needs.
The Supply Chain Council created the Supply Chain Operations Reference (SCOR) that lists five foundational elements of supply chain management. These are to:
Stage one, planning, can be complex, encompassing many different aspects of your company’s supply chain. For example, will your business manufacture the parts for a product you’ll sell or outsource manufacturing? What suppliers will you use? How much will you make or have on hand and what will you engineer or configure to order? Once a plan is put in place, how often will you review and tweak that plan?
Stage two, sourcing, includes the procurement of any raw materials, components, and products you’ll need—and decisions about where you’ll procure them. Will you source internationally? How will you negotiate contracts, schedule deliveries, monitor supplier performance, make payments, and more?
Step three, making, can include a broad scope of activities, from scheduling production, testing products, packaging them, and more. Is all being accomplished in compliance? How will you monitor changing regulations?
Stage four, delivery, includes receiving orders, choosing shippers, crafting logistics strategies, warehousing, and more. It can also include invoicing retailers and customers and managing payments. What exporting regulations must you address, if applicable?
Stage five, returning, is where your company will need to address how products can be returned, how warranties will be honored, what products are considered end of life, and more. How will you manage inventory when returns take place?
In another FAQ, we described the five basic components of a supply chain management system—plan, source, make, deliver, and return—and these can also be considered the steps of supply chain management. Breaking planning down into components, there is the overall strategic planning, which can be further broken down into demand planning and supply planning.
Components of demand planning include forecasting, predicting demand based on historical data, and other factors. It also includes the creation of a product life cycle plan, adjusting demand based upon promotion plans, and more. Supply planning involves the creation of an overall plan to meet demand, including strategic use of safety stock, an outsourcing plan, a distribution strategy, and more.
In today’s ultra-competitive business world, forward-thinking companies leverage cutting-edge technology to implement and optimize their supply chain management. Fortunately, Oracle supply chain management solutions can be implemented to fit the precise needs of your company, integrating your processes and filling in gaps.
The experienced Oracle consultant team at ArganoCSS can increase your company’s visibility across the entire supply chain, with demand and supply optimally aligned to maximize results. Our consultants combine the very best in Oracle wisdom, deep industry knowledge, and hands-on experience—and, in everything we do, we keep one goal front and center: to keep your business moving forward. Consider Oracle’s SCM Cloud solution to truly put your company on the ideation and innovation fast track.