Oracle recently issued its most recent quarterly update – the 24A version – of its Supply Chain Management Cloud application. This cadence of releases is somewhat regular and each brings new capabilities and enhancements to assist organizations in achieving supply chain excellence.

If you are an Oracle SCM customer or a prospect who is evaluating the options now available to you, you may be asking yourself what is actually new in this latest release and what is its uniqueness that makes it a new level of interest all over the industry.

From this article, you will learn five critical ways through which the Oracle SCM 24A release has garnered so much excitement.

New and Improved Capabilities for Managing Supply Chains

Oracle has also released several new features under the Supply Chain module of the 24A package which can be useful to manage and coordinate supply chain operations. For instance, you can now easily modify the remaining order quantities as and when only a partial supply can be made possible. This greatly reduces the chances of producing erroneous quantity changes than would be the case with conventional methods.

More Robust Procurement Functionality

Other procurement capabilities are also enhanced in the Oracle 24A update. With regard to the project-based activities, it is also possible to verify the fund balance and the availability of budget for purchasing the inventory for sponsored projects as well as to track the encumbrances. This helps in proper tracking of the costs incurred on different projects to ensure that appropriate governance and controls are placed on the expenditure made.

Expanded Self-Service Procurement

Oracle has improved some aspects of self-service procurement in this release to enable employees to make more decisions themselves. About the approval of requisition, users can also check the status and sequence in the self-service application. It helps to take all necessary measures to ensure that the approvals process remains as fluid as possible.

Enhanced Inventory Management and Costing

Overall, cycle count enhancements make it easier to manage the number of inventory items. It is now possible to employ query-by-example capabilities to search for the name of a category when defining the item categories, how often to count frequencies, and how much variance is tolerated. This helps to keep properly configured items to ensure that they are correctly counted.

Improved Global Trade Compliance Features

It is always challenging in global trade to be updated with compliance regulation. Therefore, Oracle SCM 24A incorporates capability for compliance with the new rules in different countries.

For example, it is possible to use packing slips, bills of lading and invoices for drop-ship entities in Portugal and get the necessary codes for tax authorities. This also assists as a confirmation that reporting and documentation is in compliance with standards there.

Conclusion

This latest release of Oracle SCM is a hard hitter in terms of being loaded with enhancement in supply chain planning, execution, operations and delivery. Oracle Cloud quarterly update certifications are revolutionized by Opkey, an official Oracle partner and the top No-Code test automation platform. Opkey cuts the time it takes to become certified from weeks to days by using predicted impact analysis and extensive automated testing. Targeted testing of dependencies and high-risk instances is made possible by the platform’s accurate identification of changes in transactions, setups, and custom displays. With more than 7,000 pre-built tests and Oracle certification, Opkey automates updates, removing the need for human labor and guaranteeing effective, comprehensive validation of vital Oracle Cloud components.