In today’s global manufacturing environment, process manufacturers face a multitude of challenges due to regulatory compliance, stringent quality processes, and increasing manufacturing costs. In order to accurately calculate margins and maximize profits, these organizations must gather, maintain, and analyze growing volumes of current and historical cost data. However, existing cost management solutions have not kept up with the exploding volumes of cost data across global manufacturing operations and various supply chains. To help solve this critical business need, Oracle has introduced Oracle In-Memory Cost Management for Process Industries for Oracle E-Business Suite. Utilizing the extreme performance delivered by Oracle Engineered Systems, the new Oracle In-Memory Applications enable real-time insight across virtually all aspects of cost management, allowing process organizations to maximize revenue, increase profits, and optimize operational costs and working capital.
To help customers in process industries, such as in Natural Resources, Life Sciences, Food & Beverage, Chemicals, and Consumer Goods, meet strategic cost management objectives, Oracle today announced Oracle In-Memory Cost Management for Process Industries.
An integrated suite of hardware and software, Oracle In-Memory Cost Management for Process Industries helps organizations maximize revenue, increase profits, and optimize both operational costs and working capital.
The latest addition to Oracle’s comprehensive cost management solutions, Oracle In-Memory Cost Management for Process Industries provides a new set of in-memory applications that help cost accountants, and operations, finance, and procurement managers make critical costing decisions in real-time.
Oracle's In-Memory Cost Management for Process Industries is specifically built and optimized for extreme performance on Oracle Engineered Systems, including Oracle Exadata Database Machine or Oracle SuperCluster and Oracle Exalytics In-Memory Machine which can manage large and complex data sets in real-time, central to in-memory applications.
Running Oracle software on Oracle hardware, customers can lower total cost of ownership, mitigate risk, improve user productivity and leverage Oracle Enterprise Manager to help streamline management while benefiting from the value of a single point of accountability.
The real-time analysis and visualizations also help process organizations optimize operational and working capital by creating profitable product mixes and identifying the right products to increase penetration in existing and new market segments.
Oracle In-Memory Applications, including Oracle In-Memory Cost Management, demonstrate Oracle’s continued commitment to innovation that produces transformational business results and enables Oracle Applications to run best on Oracle Engineered Systems.
Real-Time Insight into Cost Data for Process Industries
Virtually eliminating the long wait times for batch processes to complete on huge data sets that typical cost management systems have today, Oracle In-Memory Cost Management for Process Industries includes Cost Impact Simulator, Gross Profit Analyzer, and Cost Comparison Tool that provide users with real-time actionable insight.
Oracle’s Cost Impact Simulator and Gross Profit Analyzer help organizations maximize revenue and increase profits. With these features customers can:
• Undertake multidimensional cost analysis leveraging complex formulae, recipes, and routing data.
• Perform detailed ‘what-if’ cost simulations and timely analyses of cost and related inventory valuations.
• Easily assess impact on future margins including potential downstream impact of unshipped orders and forecasted demand.
Oracle’s Cost Comparison Tool delivers a new deep dive into product cost structure comparison that enables organizations to discover hidden opportunities to further shrink operational costs by quickly processing and visualizing large volumes of cost data. With this tool, customers can:
• View and analyze the details of complex cost structures across multiple manufacturing locations, legal entities, and accounting periods.
• Easily identify cost savings and can propagate the savings across the enterprise.
“To meet the high demands of global operations, process organizations need cutting-edge technology to control margin erosion and achieve strategic cost management objectives,” said Cliff Godwin, senior vice president, Oracle Applications Development. "With Oracle's In-Memory Cost Management for Process Industries, customers get an incredibly valuable tool that can help transform their businesses by allowing them to make faster, better decisions to drive their overall profitability."
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