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Inventory Optimization

The document outlines strategies for balancing inventory levels, minimizing costs, and ensuring continuous production in Oracle Supply Chain Management (SCM). It includes sections on inventory management, supply chain planning, procurement, logistics and fulfillment, analytics and reporting, and an implementation roadmap. Best practices for optimizing SCM are also provided, emphasizing the importance of clear objectives, KPI definition, and continuous performance monitoring.

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mathankumar34162
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2 views

Inventory Optimization

The document outlines strategies for balancing inventory levels, minimizing costs, and ensuring continuous production in Oracle Supply Chain Management (SCM). It includes sections on inventory management, supply chain planning, procurement, logistics and fulfillment, analytics and reporting, and an implementation roadmap. Best practices for optimizing SCM are also provided, emphasizing the importance of clear objectives, KPI definition, and continuous performance monitoring.

Uploaded by

mathankumar34162
Copyright
© © All Rights Reserved
Available Formats
Download as PDF, TXT or read online on Scribd
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Here are some strategies to balance inventory levels, minimize costs, and ensure

continuous production in Oracle Supply Chain Management (SCM):

*Inventory Management:*

1. ABC Analysis: Classify inventory using Oracle's ABC Analysis module.

2. Cycle Counting: Schedule regular cycle counts using Oracle Inventory Management.

3. Min-Max Replenishment: Set min-max levels for items using Oracle Replenishment.

4. Economic Order Quantity (EOQ): Calculate EOQ using Oracle Advanced Supply Chain
Planning.

5. Inventory Optimization: Utilize Oracle Inventory Optimization to optimize inventory


levels.

*Supply Chain Planning:*

1. Demand Forecasting: Use Oracle Demand Management for statistical forecasting.

2. Supply Planning: Create supply plans using Oracle Supply Chain Planning.

3. Production Scheduling: Schedule production using Oracle Advanced Supply Chain


Planning.

4. Capacity Planning: Plan capacity using Oracle Capacity Planning.

5. Collaborative Planning: Implement collaborative planning with suppliers and customers


using Oracle Collaborative Planning.

*Procurement:*

1. Automated Replenishment: Set up automated replenishment using Oracle Procurement.

2. Supplier Management: Manage suppliers using Oracle Supplier Relationship


Management.
3. Contract Management: Manage contracts using Oracle Contract Management.

4. Sourcing Rules: Define sourcing rules using Oracle Sourcing.

5. Auctions: Conduct auctions using Oracle Sourcing.

*Logistics and Fulfillment:*

1. Warehouse Management: Manage warehouse operations using Oracle Warehouse


Management.

2. Transportation Management: Optimize transportation using Oracle Transportation


Management.

3. Global Trade Management: Automate trade compliance using Oracle Global Trade
Management.

4. Order Management: Manage orders using Oracle Order Management.

5. Fulfillment: Automate fulfillment using Oracle Fulfillment.

*Analytics and Reporting:*

1. Oracle Business Intelligence (BI): Analyze supply chain data using Oracle BI.

2. Supply Chain Analytics: Utilize Oracle Supply Chain Analytics for insights.

3. Inventory Reports: Generate inventory reports using Oracle Inventory Management.

4. Supply Chain Dashboards: Create dashboards using Oracle Supply Chain Planning.

5. KPI Tracking: Track key performance indicators (KPIs) using Oracle Performance
Management.

*Implementation Roadmap:*

1. Assess current state: Analyze existing processes and systems.


2. Define requirements: Identify business requirements and goals.

3. Configure Oracle SCM: Set up Oracle SCM modules.

4. Integrate systems: Integrate Oracle SCM with other systems.

5. Test and deploy: Test and deploy Oracle SCM solutions.

6. Train users: Provide training to end-users.

7. Monitor and optimize: Continuously monitor and optimize Oracle SCM.

*Best Practices:*

1. Establish clear business objectives.

2. Define key performance indicators (KPIs).

3. Develop a change management plan.

4. Ensure data accuracy and integrity.

5. Continuously monitor and analyze supply chain performance.

By implementing these strategies and following the roadmap, you can optimize inventory
levels, minimize costs, and ensure continuous production in Oracle SCM.

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