A supply chain management (SCM) system is a suite of software solutions that tracks and manages the flow of goods, information and monies as a product or service is delivered from a source to a destination.
A comprehensive SCM covers the material handling and software packages for all parties working together in a supply chain, including those that produce products, fulfill orders, ship products, track data and sell products to customers.
In embracing an SCM, supply chain professionals are changing their focus from supply chains as cost centers, to be made more effective, to supply chains as a business advantage with the ability to put a business above the competition.
Particularly given the continuing rise of ecommerce, companies and supply chain professionals should reorient their focus on aligning digital purchasing with a SCM. Basically, companies should align their technology to their business model.
Oracle and the Modern Supply Chain Career
As an industry standard, Oracle’s SCM makes it possible for companies to manage their supply chains with scalability, security and agility.
These systems facilitate the alteration of a supply chain into a digital and scalable solution. With enhanced inventory visibility, companies can identify and take advantage of opportunities for profit and growth.
Oracle’s Cloud SCM enables companies to access information and predictive analytics from connected devices in the Internet of Things (IoT). Since they are cloud-based technologies, these systems allow for 100 percent visibility across the supply chain, as well as the ability to scale up or down and respond to market shifts. With a modern approach to the supply chain, a company can meet the challenges of heightened buyer expectations, limited product life cycles and varying demand.
To support the quick and easy evaluation and response to logistics network shifts, Oracle has added a new Logistics Network Modeling product to its SCM. The new product lets companies assess logistics networks using real-time data inside the context of their own cloud ecosystem. The new Oracle modeling product is able to assess production information in relation to customer guidelines and policies. Planning algorithms can reveal the impact of changes on various logistics functions.
Oracle also recently updated its Transportation Management Cloud and Oracle Global Trade Management Cloud systems. The most recent updates support trade compliance and customs functions, like certificate management related to various trade agreements. The overall outcome is a more nimble and efficient approach to supply chain management, which can result in reduced costs and risk.
For supply chain professionals looking to fully embrace Oracle’s SCM, there are a number of certifications worth pursuing. While Oracle certifications tend to cost more than similar certifications from other SCM suppliers, they tend to be the most valuable in today’s labor market.
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