What to Expect from Oracle’s SCM Cloud Solutions
Oracle has made significant investments in their cloud offerings to address top supply chain priorities including: improving business processes, reducing costs, driving growth, increasing innovations, and improving customer experience.
My colleague and I recently attended the Modern Supply Chain Experience Conference in San Jose. I was certainly impressed by Oracle’s attempt to incentivize their existing and new customers to adapt their supply chain management (SCM) cloud solutions. Throughout the conference, the following themes came across loud and clear:
- Broader: suite of complementary solutions supporting supply chain business best practices
- Better: ground up improvements to user experience with embedded advanced analytics and contextualized information for better decisions
- Faster: rapid deployment of cloud solutions with flexible road-maps and modular implementation strategies.
Oracle’s SCM Cloud Solutions
Oracle is doing all it can to simplify the customer’s journey from on-premise solutions to the cloud. Their unique “cloud at customer” concept addresses the inherent barriers of cloud adoption by deploying infrastructure similar to the standard public cloud into the customer’s own data centers to enable PaaS and IaaS solutions. All the benefits of cloud are brought right into the customer’s data center, Oracle manages the day-to-day operations based on a subscription model, and the customer has no upfront costs.
In hopes of nudging supply chain customers towards cloud services, Oracle has suggested a potentially less painful way to migrate using the Product Hub Cloud. As opposed to on-premise solutions, the Product Hub Cloud service provides a foundation for better product master data management compared with its better data quality and governance. Oracle Product Hub Cloud integrates with other cloud and on premise applications and could be the crucial first step on the path to the cloud. Organizations could then include migrating to SCM cloud or enterprise resource planning (ERP) cloud, but continue to use the Product Hub Cloud as a bridge for product information management between on premise applications and cloud services.
Oracle is looking to implement big data collection and analytics into supply chain cloud solutions to receive, process, and act on demand signals from the following key sources: voice of the customer (sales and service teams, social media, blogs), voice of the product (IOT, service and repair), voice of the factory (production and operations) and voice of the digital twin. Overall, this will assist organizations in their transition from a reactive mode to one that is more predictive and optimized to answer relevant questions.
Some of the solutions I was exposed to at the conference, such as Oracle’s Internet of Things (IOT) applications, have richer features and functions to detect signals from asset events, use contextualized information to suggest courses of actions, and enable operators to act on the information in other cloud or on premise solutions to drive expected results. Other solutions, such as the Oracle Maintenance Cloud, are not as rich in features and functions, but have a path to getting there.
In summary, I think Oracle is racing ahead with its strategy and investments in supply chain cloud solutions that have been designed from the ground up and include adaptive intelligence using big data. In a short time, organizations won’t be asking “why should I go to the cloud?” but rather “how fast can I get to the cloud?” if they hope to avoid being left behind.
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