Exploring the New Features and Enhancements in Oracle SCM 24A Release
Tags: oracle, scm, 24a, release
Published: 2024-04-18 07:02:15

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Oracle SCM 24A Release marks a significant milestone in the development of supply chain management solutions. It focuses on enhancing efficiency, visibility, and collaboration across the supply chain. Businesses utilize Oracle’s supply chain management to streamline their operations, and 24A release brought significant improvements to manage their supply chain. Its features ensure agility, resilience, and competitive edge in evolving business environments.

**What’s New In The Oracle SCM 24A Release**?

Oracle SCM 24A release brought a pack of new and enhanced features to streamline supply chain operations. Let’s delve into specifics

- Improved forecasting and demand planning to accurately predict customer demands.

- Advanced demand forecasting algorithms take a wider range of variables in account. Such as market dynamics, seasonal trends, and historical sales data to generate reliable demand forecasts.

- Integration with external data sources, seamless integration with external data sources enables businesses to streamline other external factors in forecasting models

- Real time demand sensing ability will facilitate businesses to adjust their forecasts on the fly and respond quickly to shifts in market demand.

- Enhanced inventory management becomes the foundation of growing businesses with successful supply chain operations.

- Intelligent replenishment suggestions help businesses maintain optimal stock levels without overstocking. With data like historical sales data and current inventory levels the system offers intelligent replenishment recommendations. 

- Dynamic safety stock calculations consider the aspects like latest demand forecast and supply variability to calculate safety stock requirements. It ensures better service levels and reduced risk of stockouts.

- With Optimized order fulfillment process, the system makes sure of timely deliveries while minimizing shipping costs. This contributes to both customer satisfaction as well as profitable operation.

- Streamlined procurement processes in 24A release makes it easier to manage supplier relationships and contracts.

- Automated supplier selection process enables businesses to select the best supplier for a given purchase. The given purchase is based on criteria like quality, cost, and delivery time, making procurement more efficient.

- Enhanced contract management capability makes it easier to manage supplier contracts proactively. It involves better tracking of contract terms, performance, and compliance.

- Supplier collaboration portal facilitates better communications and collaboration with suppliers. It improves overall supply chain responsiveness and efficiency.

- Advanced production planning and scheduling offers tools for fine tuning production planning and scheduling.

- Capacity optimization algorithms assist in optimizing production capacity utilization. This ensures the resources are used efficiently while meeting demand needs.

- Real time visibility into production progress allows for more accurate monitoring and control of manufacturing processes. This enables timely adjustments to keep production on track.

**What Enhancements Are Done in Oracle SCM 24A Release**?

Oracle SCM 24A release not just comes up with new features but also enhancement of existing features and functionalities. It is designed to offer more robust supply chain analytics, flawless integration with external applications, and improved user experience. Those enhanced features are:

- Supply chain analytics significantly improved with the 24A release.

- Interactive dashboards for improved data visualization, makes it easier to interpret supply chain metrics and KPIs at a glance.

- Improved reporting capabilities for better decision making. It facilitates more detailed analyses of supply chain data. This helps in identifying trends and making more informed decisions.

- Predictive analytics for proactive supply chain management. This feature offers business to anticipate potential supply chain disruptions. It enables users to proactive management and mitigation strategies.

- Seamless integration with external systems and third- party logistics providers. It enables enhanced data exchange and collaboration with third-party logistics providers.

- Improved API capabilities offer smoother and more efficient data exchange between oracle SCM and other business systems. This enhances data accuracy and minimizes manual data entry.

- Automated data synchronization ensures that data across the system is always up-to-date. It reduces the risk of errors and improves efficiency.

- Access to real-time supply chain information, enables decision makers to stay informed and responsive.

**Key Benefits of Oracle SCM 24A Release For Supply Chain Management**

Oracle SCM 24A release brings a suite of enhancements and new features to the system. It is tailored to streamline operations, reduce costs, and enhance overall performance of supply chain management. Now, let’s discuss the key benefits businesses can expect from incorporating or upgrading to this latest version.

**Elevated productivity and efficiency**: SCM 24A release introduces smarter automation and advanced planning tools that significantly boost efficiency across the supply chain. By utilizing AI and ML algorithms, it can predict demand with higher accuracy. This helps to optimize inventory levels and automate routine tasks. Besides, it not just frees up human resources but also reduces the risk of human errors, leading to smoother and more proficient operations.

**Minimize inventory carrying costs**: One of the most significant benefits of SCM 24A release is visible reduction in inventory carrying costs. By enhanced forecasting and demand planning capabilities, businesses can predict how much stock they need to meet the demand without over and out stocks. This helps in maintaining lower inventory levels without risking stockouts, leading to reducing cost associated with strong excess inventory.
 
**Improved customer satisfaction through timely order fulfillment**: Order fulfillment is critical to maintaining high levels of customer satisfaction. The Oracle SCM 24A release enhances this aspect by streamlining the entire order to cash process. Integrated logistics and transportation management features ensure that products are delivered more quickly and efficiently. Also, real time order tracking increases transparency and minimizes delivery related enquiries. Enhanced accuracy in demand planning also means that the right products are available when customers need them, reducing the occurrence of backorders and improving overall customer satisfaction.

**Boost visibility and control over supply chain**: In order to identify bottlenecks gaining complete visibility and control over supply chain is necessary. The SCM 24A release offers a comprehensive 360-degree view of the supply chain through advanced analytics and dashboard capabilities. Decision makers of the businesses can access the real-time data and insights on each aspect of the supply chain from procurements to production to distribution. This level of visibility facilitates them to make more informed and accurate decisions.

**What’s The Need of Test Automation**

Due to complexity of implementation of Oracle SCM 24A release, it is necessary to ensure proper testing prior to implementation of updates into your system. However, manual testing takes up lots of resources and increases the time-to- market. Besides, they are prone to human errors. Moreover automation testing is significantly prominent over manual testing due to its groundbreaking features and functionalities.

Opkey is one of the proficient automation testing tools in the market. With its no-code interface it is easy to use even to non-technical professionals. It is empowered by AI that minimizes risk of human errors and accelerates time to market. Opkey offers users with a library of more than 5,000 testing cases and coverage that cover all integrated business processes.

Book a free demo today to accelerate your testing procedure with test automation.