Top 10 Stocks Best Positioned to Break Out This Earnings SeasonSee the List

Oracle Helps Organizations Build Smart and Efficient Operations

Published 2024/03/14, 10:14
© Reuters

© Reuters

New Smart Operations capabilities in Oracle Cloud SCM help customers increase productivity, enhance quality, reduce downtime, expand production visibility, and improve factory output

LONDON, March 14, 2024 /PRNewswire/ -- Oracle  CloudWorld  -- To help organizations increase the efficiency of global supply chain operations, Oracle today announced Oracle Smart Operations, new supply chain execution capabilities in Oracle Fusion Cloud Supply Chain & Manufacturing (SCM). Powered by advanced technologies like artificial intelligence (AI), the new capabilities within Oracle Fusion Cloud Manufacturing and Oracle Fusion Cloud Maintenance can help customers improve factory output by increasing productivity, enhancing quality, reducing unplanned downtime, and improving visibility across operations.

With on-going labor shortages, supply chain disruptions, ever-fluctuating demand, and volatile market needs, organizations are under pressure to do more with less. To remain competitive, manufacturing and asset-intensive organizations need smart and agile processes that increase the efficiency of factories, reduce the risk of unplanned downtime, and expand visibility across operations. Oracle Smart Operations offers connected, intelligent, and automated capabilities that enable Oracle Cloud Manufacturing and Oracle Cloud Maintenance customers to improve efficiency and make better business decisions with agile execution.

"As organizations look to insulate their operations from ongoing disruptions, many leaders are turning to technology to increase output, improve quality, and build resiliency," said Chris Leone, executive vice president of applications development, Oracle. "With Oracle Cloud SCM, organizations can connect and automate end-to-end supply chain processes and move toward a lights out manufacturing model. The new smart manufacturing and maintenance capabilities can help our customers reduce inefficient manual recording and monitoring processes, increase safety, improve quality, and optimize operations."

Smart Operations for Manufacturing
The new capabilities within Oracle Cloud Manufacturing enable customers to combine data from connected equipment, the workforce, and supply chain processes to deliver real-time recommendations, autonomously adjust production, and execute on high-value manufacturing decisions. New capabilities include:

  • Operator Workbench: Provides customers with a single user interface to capture and access information and insights as they complete day-to-day operations, such as operation start/stop, time tracking, materials and tools required, and production exception reporting. With a simple and user-friendly environment and automated data capture, machine operators have clear visibility into their daily tasks, and assembly workers gain more autonomy to execute orders and quickly track and record production.
  • Digital Work Instructions:  Help customers simplify complex assembly operations, including manual and automated assemblies, and enforce procedures to improve quality and consistency. With simple, intuitive work instructions, machine operators and assembly workers can improve productivity, quality, and safety, while addressing compliance.

Smart Operations for Maintenance  
The new capability within Oracle Cloud Maintenance enables customers to combine maintenance data with real-time asset information, workforce, and supply chain data to enable continuous monitoring and predictive maintenance. The new capability includes:

  • Maintenance Technician Workbench: Helps maintenance technicians to quickly and easily access relevant work based on assignment or skill, while also providing insights into service history and supporting seamless collaboration with other workers. With a single mobile user interface for all technician work execution, customers can make faster maintenance decisions that increase productivity, reduce downtime, ensure more frequent first-time fixes, optimize backup inventory, and enhance asset reliability.

"Being a premium player in the automotive aftermarket industry places a critical focus on our manufacturing and maintenance operations. Our customers expect a consistently high-quality product and an on-time delivery, which is increasingly challenging with the continuous supply chain disruptions around the world," said Stefano Mariani, head of IT, Alcar Ruote. "With these new capabilities in Oracle Cloud Manufacturing and Oracle Cloud Maintenance, our production operators will be better able to work with speed and accuracy, while capturing all of the key data associated with that work. This will help us improve the quality of our products, reduce costs, and increase the output of our operations."  

Oracle Cloud SCM helps organizations seamlessly connect supply chain processes and quickly respond to changing demand, supply, and market conditions. With new features added every quarter, Oracle Cloud SCM helps customers create a resilient supply network and processes that can outpace change.

For additional information on Oracle Cloud SCM applications, visit oracle.com/scm.

About Oracle
Oracle offers integrated suites of applications plus secure, autonomous infrastructure in the Oracle Cloud. For more information about Oracle (NYSE: ORCL), please visit us at www.oracle.com.

Future Product Disclaimer
The preceding is intended to outline our general product direction. It is intended for information purposes only, and may not be incorporated into any contract. It is not a commitment to deliver any material, code, or functionality, and should not be relied upon in making purchasing decisions. The development, release, timing, and pricing of any features or functionality described for Oracle's products may change and remains at the sole discretion of Oracle Corporation (NYSE:ORCL).

Trademarks
Oracle, Java, MySQL and NetSuite are registered trademarks of Oracle Corporation. NetSuite was the first cloud company”ushering in the new era of cloud computing.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads.

ORCL: A Bull or Bear Market Play?

Don't miss out on the next big opportunity! Stay ahead of the curve with ProPicks AI – 6 model portfolios fueled by AI stock picks with a stellar performance this year... In 2024 alone, ProPicks AI identified 2 stocks that surged over 150%, 4 additional stocks that leaped over 30%, and 3 more that climbed over 25%. That's an impressive track record. With portfolios tailored for Dow stocks, S&P stocks, Tech Stocks, and Mid Cap stocks, you can explore various wealth-building strategies. So if ORCL is on your watchlist, it could be very wise to know whether or not it made the ProPicks AI lists.

Unlock ProPicks AI now

Latest comments

Loading next article…
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2025 - Fusion Media Limited. All Rights Reserved.