New applications would assist in managing larger data volumes, while reducing planning cycle times, and improve decision making skills.
Oracle has released new in-memory applications for its Value Chain Planning including In-Memory Consumption-Driven Planning and In-Memory Performance-Driven Planning.
Incorporating capabilities of Oracle Engineered Systems including Oracle Exadata Database Machine, the new applications are claimed to offer improved performance and assist managing larger data volumes, trim down planning cycle times, and improve decision making skills.
Oracle Applications Development senior vice president Rick Jewell said that the traditional systems are unable to provide the step change in performance required for current complex, responsive and data-intensive supply chains.
"With the capabilities offered by the new in-memory applications for Oracle Value Chain Planning coupled with the extreme performance of Oracle Engineered Systems, customers can enable transformational business processes for profitable growth at a lower total cost of ownership," Jewell said.
Oracle In-Memory Consumption-Driven Planning assists businesses in understanding and responding daily to end-customer demand, while assisting in reducing bullwhip effect and to boost availability and inventory turns.
Oracle’s in-memory performance-driven planning application helps businesses to analyse and plan huge supply chain data and acquire more timely business insights to recreate multiple real-time scenarios while improving decision making and trimming down risk.
IDC Manufacturing Insights Supply Chain Strategies practise director, Simon Ellis, said that modern supply chains are increasingly complex and volatile.
"To keep up with these ever changing challenges, it is more important than ever for companies to gather, analyse and make important, timely decisions based on extremely large volumes of gathered data," Ellis said.
"The closer a company is able to get toward real-time planning, simulation and analysis of this information, the more competitive they can be in today’s environment."
Oracle’s Value Chain Planning covers a spectrum of planning needs that help in more effectively and beneficially design, plan, and serve the value chain landscape.
Modular architecture of value chain planning complies with the company’s implementations to both their business requirements and process maturity.