Oracle announced significant updates to its Fusion Cloud Supply Chain & Manufacturing (SCM) software at the recently held Oracle Cloud World. The application suite includes procurement, inventory management, warehouse management, order management and transportation management. SCM tasks are mostly small-scale and repetitive, yet the processes they support are far from simple. They involve the intricate choreography of often complex activities that require the accurate communication and...
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Topics:
Product Information Management,
Operations & Supply Chain,
AI,
Continuous Supply Chain & ERP,
Generative AI,
Digital Applications
Rebalancing supply chains to improve resiliency has been a focus of enterprises with even moderately complex and long supply chains for the past four years. One aspect of this rebalancing is that it almost always involves higher costs. Volume discounts and bargaining power are reduced when more suppliers are used, or an alternate supplier may have higher factor costs and therefore must charge more. Logistics costs might increase, and when an enterprise moves from just-in-time to just-in-case...
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Topics:
Continuous Planning,
Business Planning,
Product Information Management,
Operations & Supply Chain,
Continuous Supply Chain & ERP
I previously explained how master data management helps provide trust in data, making it one of the most significant aspects of an enterprise’s strategic approach to data management. More recently, I discussed how it has a role to play in accelerating data democratization as part of data intelligence initiatives. Along with data quality, MDM enables organizations to ensure data is accurate, complete and consistent to fulfill operational business objectives. While it is an established and mature...
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Topics:
Product Information Management,
Operations & Supply Chain,
Sustainability Management,
Analytics & Data,
Data Intelligence
Smart manufacturing is a strategic operating approach that aligns advanced manufacturing technology with system and process design principles to promote adaptability. It is a digital, event-driven, collaborative orchestration of physical and digital processes designed to increase productivity, efficiency, adaptability and resilience. These systems use technologies to coordinate the planning and execution of even disparate operations within factories and across an entire manufacturing supply...
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Topics:
Continuous Planning,
S&OP,
Operations & Supply Chain,
supply chain management,
Manufacturing,
Continuous Supply Chain & ERP,
Smart Manufacturing
Ventana Research recently announced its 2024 market agenda for Operations and Supply Chain, continuing the guidance we have offered for more than two decades to help enterprises across industries derive optimal value and improved outcomes from business technology.
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Topics:
Continuous Planning,
Product Information Management,
Operations & Supply Chain,
Sustainability Management,
supplier relationship management,
Property Technology,
Continuous Supply Chain & ERP
Since a majority of today’s workforce wasn’t around in the 1990s, it’s worth noting that “business process reengineering” was all the rage. The purpose was to review, restructure and redesign core business processes to achieve substantial improvements in market and customer responsiveness, productivity, cycle times and quality. One reason for its popularity (beyond being a money spinner for consultants) was the promised ability for the newly available enterprise resource planning systems to be...
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Topics:
Product Information Management,
Operations & Supply Chain,
Enterprise Resource Planning,
ERP and Continuous Accounting,
digital finance,
Purchasing/Sourcing/Payments,
Continuous Supply Chain & ERP
Ventana Research has announced its market agenda for 2024, continuing a 20-year tradition of credibility and trust in our objective efforts to educate and guide the technology industry. Our research and insights are backed by our expertise and independence, and we do not share our Market Agenda or our market research, including analyst and market perspectives, with any external party before it is published. We continuously refine our Market Agenda throughout the year to ensure we offer the...
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Topics:
Customer Experience,
Human Capital Management,
Marketing,
Office of Finance,
Digital Technology,
Operations & Supply Chain,
AI,
Digital Business,
Analytics & Data,
Office of Revenue
Sales and operations planning (S&OP) is trending toward becoming more strategic in product-centric companies through the end of the decade. The purpose of S&OP has grown in importance. Since the mid-teens, the trade and economic environment has become less benign and more unpredictable, forcing many enterprises to redesign their supply chains for resiliency while still surmounting the dual challenges of remaining cost competitive and achieving financial targets. Over the past decade, there have...
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Topics:
Continuous Planning,
Operations & Supply Chain,
Enterprise Resource Planning,
digital finance,
Sustainability Management,
Continuous Supply Chain & ERP
Board offers a platform that enables financial planning and analysis (FP&A) groups to forecast, plan, budget, analyze and report, using a consistent set of data from across the business to speed these processes, improve forecast and planning accuracy, and accelerate analysis and reporting. Board was categorized as an Exemplary Vendor in our Ventana Research Business Planning Value Index, with leading in Manageability and Reliability.
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Topics:
Office of Finance,
Continuous Planning,
Business Planning,
Operations & Supply Chain,
Enterprise Resource Planning,
digital finance
We added purchasing, sourcing and payments to our core Office of Finance focus areas this year to reflect new and important opportunities to use technology to gain effectiveness through greater efficiency. Technology continues to lubricate the wheels of commerce, aided by a financial services sector that is constantly innovating, responding to market-driven opportunities to reduce costs, increase demand or lower risk. Ventana Research asserts that, in many cases, technology makes new forms or...
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Topics:
Product Information Management,
Operations & Supply Chain,
Enterprise Resource Planning,
ERP and Continuous Accounting,
digital finance,
Purchasing/Sourcing/Payments,
Continuous Supply Chain & ERP