The Oracle Supply Chain Management (SCM) is a full set of applications made to improve the efficiency of the supply chain processes across different industries. Starting from buying goods up to managing inventory, it uses high-end technologies to improve visibility in the supply chain as well as its efficiency and response speed.
Oracle has just launched the most recent update of its supply chain management software, SCM 24A. This Oracle SCM 24A Release version brings various improvements to enhance supply chain orchestration, procurement processes, inventory management and compliance.
What’s new in the Oracle SCM 24A release?
Supply chain orchestration enhancements
In SCM 24A, people now can change the quantity remaining open on a transfer order or purchase order manually. This feature is applicable when there is only part of the supply available. The goal of this function is to lessen errors in adjustments, making sure operations go more smoothly and accuracy increases more. Another thing that can be done now is adding post-processing days to the supply’s requested delivery date when changing a sales order’s scheduled ship date. This increases flexibility for meeting shipment deadlines within back-to-back flows.
Procurement innovations
For project-based supply chains, SCM 24A brings in abilities to verify if funds are available, reserve funds against control budgets and account for encumbrances during material procurement. These features backup sponsored projects as well as non-sponsored ones – they make sure that financial rules and responsibilities are followed all through the process of getting goods or services. The start of procurement checklists lets organizations make checklists for compliance, aiding in keeping track of and managing required documents. This function helps with audit preparation by merging compliance needs straight into purchase and change-related papers.
Self-service procurement enhancements
In the application Responsive Self-Service Procurement, users can now see the list of people who need to approve requisitions that are waiting for approval. This makes it clearer and speeds up the approving process by giving instant updates on status plus actions needed for finishing requisition approvals quickly. Additionally, improvements in checking funds availability when making a request help to improve financial control and decision-making within self-service procurement processes.
Inventory management advances
In SCM 24A, the newly added query-by-example feature allows users to search for category names before they define or edit count parameters in cycle count definitions. This makes it easier and more accurate when adjusting values based on different valuation structures set up by Cost Management.
Compliance and regulatory updates
To meet the rules of the Portuguese Tax Authority, SCM 24A allows the creation and printing of a special QR code on packing slips, bills of lading as well as commercial invoices for drop-ship orders. This function helps with compliance by making it easier to report correctly and follow the needed regulations.
Enhanced receiving experience
The Oracle Responsive Self-Service Receiving application’s users will enjoy the redesign of the inbound shipment details page. This modification improves their experience by making it easier to see and understand information related to incoming shipments, thus enhancing operation efficiency and precision in receiving procedures.
Conclusion
Oracle SCM 24A is a big improvement in supply chain management, bringing together new elements and improvements that let organizations make their work smoother, boost following of rules and improve total effectiveness. By presenting these changes, Oracle shows its dedication to innovation in SCM solutions based on the Cloud. The modifications are designed to meet the changing requirements of contemporary businesses globally.
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