New Oracle Cloud SCM capabilities help healthcare
organizations optimize inventory management and deliver better
patient experiences
NASHVILLE, Tenn., Oct. 28,
2024 /PRNewswire/ -- Oracle Health Summit --
Oracle is introducing new supply chain capabilities within Oracle
Fusion Cloud Applications Suite to help healthcare
organizations optimize inventory management and improve patient
care. The latest updates to Oracle Fusion Cloud Inventory
Management and Oracle Fusion Cloud Procurement will enable
organizations to increase productivity, expand insights, and
enhance buying decisions by automating inventory management,
increasing inventory visibility, and improving procurement data
quality.
"Managing healthcare inventory is a key factor in helping to
ensure clinicians have the right supplies for each procedure, but a
lot of the critical tasks they perform rely on disconnected manual
processes, which can lead to delays, shortages, and slower response
times," said Chris Leone, executive vice president of
applications development, Oracle. "These new supply chain
capabilities enable inventory managers, buyers, and contract
managers to address these challenges by automating stock
replenishment, providing a complete view of inventory, and
delivering a more expansive product catalog. This will help
healthcare organizations minimize sourcing errors, optimize
inventory, reduce critical recall response times, and improve
patient care and safety."
The latest healthcare-specific supply chain updates within
Oracle Fusion Applications include:
- Inventory Shortages Workbench: Helps organizations
quickly identify and solve for inventory shortages or stockouts.
Part of Oracle Inventory Management, the workbench provides a
single view of inventory and enables customers to easily assess
critical item shortages and identify the cause, review options for
addressing item shortages, and take action to reduce
stockouts.
- Mobile Recall Management: Helps organizations respond
quickly, accurately, and comprehensively to product recall notices.
Part of Oracle Inventory Management, this new responsive mobile
application enables customers to quickly scan items and locations,
record recall counts, and take immediate action to quarantine
affected items, improve patient safety, and reduce risk.
- RFID for Replenishment: Enables organizations to
increase productivity and prevent delays by helping ensure the
right amount of stock is in the right location at the right time.
Part of Oracle Inventory Management, the new feature leverages
technologies from Avery Dennison,
Terso Solutions, and Zebra Technologies, to automate inventory
management by automatically capturing usage, updating stock
balances, tracking location, and triggering restocking of supplies
and materials.
- Symmetric Health Solutions Partnership: Helps
organizations increase productivity in sourcing and minimize
product order errors. Part of Oracle Healthcare Marketplace, a B2C
shopping experience within Oracle Procurement, the new expansive
third-party medical, surgical, and device product catalog from
Symmetric Health Solutions enables customers to discover, source,
and price desired items that are not listed within their
organization's existing item master, frequently purchased items, or
contract portfolio. The fully attributed and enriched data helps
reduce manual data maintenance and improve analytics.
Oracle Fusion Cloud Supply Chain & Manufacturing
(SCM) helps healthcare organizations seamlessly connect supply
chain and clinical processes to quickly respond to changing demand
and supply conditions to deliver the best patient care. With new
features added every quarter, Oracle Cloud SCM helps customers
create a resilient supply network and processes that outpace
change.
For additional information on Oracle Cloud SCM applications,
visit oracle.com/scm.
Learn more at the Oracle Health Summit in Nashville on Oct.
28-30, 2024. The event brings together global healthcare
leaders to discuss how to tackle industrywide challenges and apply
new innovations.
About Oracle
Oracle offers integrated suites of
applications plus secure, autonomous infrastructure in the Oracle
Cloud. For more information about Oracle (NYSE: ORCL), please visit
us at www.oracle.com.
Future Product Disclaimer
The preceding is intended to
outline our general product direction. It is intended for
information purposes only, and may not be incorporated into any
contract. It is not a commitment to deliver any material, code, or
functionality, and should not be relied upon in making purchasing
decisions. The development, release, timing, and pricing of any
features or functionality described for Oracle's products may
change and remains at the sole discretion of Oracle
Corporation.
Trademarks
Oracle, Java, MySQL and NetSuite are
registered trademarks of Oracle Corporation. NetSuite was the first
cloud company—ushering in the new era of cloud computing.
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SOURCE Oracle
