Texas-based software giant Oracle is helping its customers boost supply chain efficiency with inventory management technology.

This has been added to Oracle Cloud SCM, its supply chain and manufacturing software, part of its Fusion Cloud applications suite, to help organisations streamline warehouse operations and enhance supply chain efficiency. The inventory management feature leverages embedded AI to simplify processes, improve decision-making and optimise fulfilment.

“Organisations that rely on outdated and manual inventory processes struggle to keep pace with evolving supply chain demands, contributing to errors, higher inventory costs and delayed fulfilment,” said Srini Rajagopal, vice president at Oracle. “Oracle advanced inventory management is designed for healthcare, manufacturing and distribution organisations that need more than simple inventory transaction execution, but do not require the complexity of a full-scale warehouse management system. It enables these organisations to automate and streamline operations and drive greater efficiency.”

It helps organisations easily manage and execute tasks, streamline transactions, accelerate fulfilment, improve logistics coordination and drive efficiency in their warehouse operations. Capabilities include:

• Streamlined task assignment and execution: Reduces duplication and helps ensure faster, more accurate task completion by assigning pick slips, PAR counts, cycle counts, physical counts and deliveries to designated team members.
• Simplified inventory transactions: Increase accuracy and efficiency by using licence plate numbers to streamline receiving, shipping, transfers and counting with real-time inventory updates, all directly within Oracle Inventory Management.
• Real-time cross-docking alerts: Optimise fulfilment and reduce handling time by notifying team members of opportunities to fulfil open demand and bypass storage.
• Load-based shipment grouping: Improves logistics and reduces transportation costs by assigning load numbers to consolidate shipments for transport in a single container or truck.
• Suggested put-away locations: Accelerate storage decisions and improve space use by recommending optimal locations for incoming goods.
• AI-driven inventory automation: Improves operational efficiency by using embedded AI capabilities within Oracle Inventory Management to optimise stock levels, trigger replenishment actions and automate routine inventory tasks.

With the added inventory management feature (www.oracle.com/scm/inventory-management), Oracle Cloud SCM delivers a complete and comprehensive set of capabilities to meet all levels of an organisation’s inventory management needs from stock room fulfilment and manufacturing plants to offsite warehouses and large-scale distribution centres with complex operational needs.

Oracle Cloud SCM (oracle.com/scm) lets users seamlessly connect supply chain processes and quickly respond to changing demand, supply and market conditions. In addition, embedded AI acts as an advisor that analyses supply chain data, generates content and augments or automates processes to help improve business operations and create a resilient supply network.