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Oracle Fusion Inventory Management offers a complete materials management solution that enables companies to successfully manage the inbound flow of goods, inventory storage management and outbound order fulfillment. This ensures that the flow of material is optimized to meet customer demand in a cost-effective manner. The advanced Cost Management capabilities allow cost professionals to capture, track, and analyze costs associated with inventory items as they move through the supply chain.
Oracle Fusion Inventory and Cost Management Cloud Service offers an integrated inventory and cost management suite that is designed to automate, streamline, and control inventory and cost processes end-to-end without expensive hardware and system management overhead costs.
The Oracle Cloud offers self-service business applications delivered on an integrated development and deployment platform with tools to rapidly extend and create new services. The Oracle Cloud is ideal for customers seeking subscription-based access to leading Oracle applications, middleware and database services, all hosted and expertly managed by Oracle. The application services are designed for ease-of-use, enabling business users to manage the solution directly with no IT involvement.
In traditional ERP systems, managers and operators are required to navigate to different areas of the application depending on the tasks they are performing. The user not only has to look for what needs to be done, but they also need to access different areas of the system to perform the work. Oracle Fusion Inventory, on the other hand, brings pending work to the forefront, guiding managers and operators through the system based on their roles and responsibilities as well as the outstanding workload.
Oracle Fusion Inventory provides warehouse managers with native embedded analytics that allow them to track and resolve potential problems in the warehouse.
Oracle Fusion Inventory provides a single and common view of outbound shipping, picking, and inbound receiving. Warehouse managers can quickly see problem areas, drill down into the details, and resolve issues. Managers can compare metrics from the current-period with the prior-period to gauge whether problems exist.
Oracle Fusion Inventory was designed to give managers and operators visibility to the work that needs to be done and the exceptions that need to be handled along with intuitive navigation to get to the right place. Each functional area of Oracle Fusion Inventory has defined work areas that serve as a single point of access for all related activities. They provide graphical or tabular snapshots of daily work completed or work in process so users can effectively accomplish their tasks. The user can also drill down into specific areas to perform their immediate tasks. Work areas are provided for Inventory, Receiving, Picking, Shipping and Counting.
Oracle Fusion Inventory helps organization’s ensure that material is effectively managed from receipt through the point of consumption, in order to meet customer demand.
Oracle Fusion Inventory streamlines the flow of inbound material by providing centralized, proactive monitoring mechanisms that efficiently manage both expected receipts and received lines by supplier & document type. Users are guided through essential receiving, inspection and put-away tasks ensuring receipts are processed quickly and easily, and exceptions are promptly identified and resolved. Seamless communication with trading partners provides easy management of receipt advices and receipt confirmations.
Fusion Inventory Management provides integrated inventory, replenishment and counting tasks in a central inventory work area and simplifies review of inventory balances within and across inventory facilities. From the centralized view of balances, users can easily see and manage different material statuses and lots and serial numbers enabling proper stocking and handling of different types of materials. Additionally, users can initiate issue, receipt and transfer of material within an organization and across organizations.
Fusion Inventory Management simplifies the management of ABC classification by a variety of methods and allows for easy counting of different types of materials in the facility. With the proper approvals and controls, users can identify problem products or handling within the warehouse.
To support critical fulfillment processes, a centralized picking and shipping work area includes proactive monitoring of the outbound shipping processes. Managers and users can promptly identify and resolve exceptions and backlogs enabling smooth material movement and warehouse operations. Picking and shipping documents are generated in easily customizable formats.
Throughout the entire materials management flows, Oracle Fusion Inventory provides user friendly transactional and analytical reporting for business users to create, modify and publish reports and alerts tailored to the business needs and the audience.
Adding to the regulatory and managerial needs for full visibility of product cost across the entire global supply chain, market-based product pricing and sales deal quoting requires an accurate and full understanding of variable versus fully absorbed cost factors in order to maximize all sales opportunities.
Oracle Fusion Cost Management is an advanced cost accounting solution that helps companies to effectively manage their product costing and inventory accounting business flows. The solution allows companies to maintain multiple cost books and financial ledgers to better meet external regulatory and internal management reporting needs. The solution increases product cost accuracy by providing a flexible cost infrastructure that allows cost accountants to define the level of cost calculations. It greatly reduces manual cost maintenance tasks by providing automated rules-based engines and efficient fault-tolerant cost processors tuned for high volume transaction environments.
Oracle Fusion Cost Management’s graphical user interfaces provide time-based l graphical views of product costs in a using line, bar and pie charts to show product costs over time and in comparison to other products or other organizations . Cost professionals and operations personnel can visually identify cost trend problems in their products facilitating the determination of root causes and timely corrective actions.
"Oracle Fusion Inventory and Cost Management" is part of the Oracle ERP Cloud line of products, developed by Oracle.
Oracle ERP Cloud is a horizontal product. It offers functionality designed for usage across a wide variety of industries and business types.