Oracle Fusion Manufacturing Tutorial

This article explains about the Oracle Fusion Manufacturing Applications offering from Oracle.

Every company wants a manufacturing software that not only fulfills their requirements but also helps them improve production efficiencies with a reduction in costs. It should streamline their global, mixed-mode manufacturing to make almost anything, anywhere, and that also with an intelligent, integrated, and optimized solution that is powered by the Internet of things (IoT) and Artificial Intelligence (AI). One such software is Oracle Fusion Cloud Manufacturing which is just the product for companies. Let us understand more about it.

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What is Oracle Fusion Manufacturing?

The Oracle Fusion Cloud Manufacturing is a key component of integrated Oracle Cloud Supply Chain Management that helps the firms and organizations compete in the present-day global market by offering the latest tools to run their shop floor. The product margins are eroding and the customer demands are increasing due to which the manufacturers now need to adopt modern best practices such as the Internet of things and Artificial Intelligence. It will help them increase their business agility and sustainability, it will enable insightful decision making and will help them achieve a lot more with fewer resources. Furthermore, It provides the users with the latest tools and technologies to help them cope up with their problems and meet the customer demands at the right time with minimum chances of errors.

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Why Oracle Fusion Manufacturing?

Firstly, Oracle Fusion Manufacturing Cloud is built on a modern platform. It provides manufacturing and supply chain management materials to the customers with integrated and innovative embedded enterprise quality management, ease of use, cost management, and analytics that enables an excellent return on investment and outstanding user productivity. Secondly, it is fully integrated with the remaining Oracle Cloud Supply Chain and financial products. Oracle Fusion Manufacturing Cloud is also combined with Cloud, mobile, desktop, tablet, scanning, and social technologies to provide a state of the art solution for the manufacturing companies. Lastly, whether the user executes mixed-mode in-house manufacturing or contract manufacturing, this software can transform their business into what they want it to be.

Why you should use Oracle Fusion Manufacturing?

In today’s fast-paced manufacturing environments, the manufacturers need software that can live up to their expectations and do the job just fine. Here are the reasons why one should use Oracle Fusion Manufacturing Cloud:

• It is always there for you. Also, it provides unconditional support whether it be in-house and contract manufacturing, or in scenarios where one or more operations are outsourced to any supplier. It will never disappoint you no matter what.
• The software offers a wide range of web-based tools such as manufacturing plant, manufacturing calendar, plant parameters, profile options, work areas, production resources, work centers, and standard operations that allow the user to build a foundation and design the process for the items.
• It enables an audit trail for work orders.
• The cloud allows the user to access info lets such as work orders, rework, operations, etc from anywhere providing insight to the production-related metrics. It gives the user the ability to resolve issues quickly.
• The productivity is greatly improved as it has simplified reporting and offers the ability to enter data using scanning services.
• It supports you for planning, analysis of manufacturing, and cost accounting from the Oracle cost management system thus helping in all financial matters.

Oracle Fusion Manufacturing Features

Oracle Manufacturing Cloud is like an invisible friend in the sky for the users. It delivers core discrete manufacturing capabilities to them from the cloud. Moreover, it allows them to efficiently set up, manage, execute, and cost the production operations. These are the features that it offers to its customers:

1. Discrete Manufacturing

• • Master Data Management – defines the process of production, streamlines the production cycle, and manages all the operations efficiently.
  • Lean work execution – its the capability of efficient manufacturing execution that digitally transforms the factory.
  • Cost management – monitors manufacturing costs and determines what are the basic causes of cost variances.
  • Closed-loop enterprise quality – captures and analyzes the quality of data and predicts issues and errors.
  • Genealogy and compliance – captures the origin for track and trace of products and services.
  • Configured Products – manufactures products with complete integration.

2. Process Manufacturing

• • Recipe Management – streamlines the production process and defines recipes to make a batch with co-products.
  • Batch Execution – delivers the capabilities to complete batch with co-products and by-products.
  • Closed-loop quality – Takes corrective actions for the issues.
  • Genealogy and compliance – provides good manufacturing practices such as digital signatures and electronic records.

3. Mixed-mode Manufacturing

• • Differentiate by work method – determines the best methods for each stage.
  • Production execution flexibility – executes productions based on configure-to-order, engineer-to-order, or make-to-project, etc.
  • Consistent Processes – shares the same dispatch list, quality inspections, and production-reporting.
  • Genealogy and compliance – maintain compliance with local regulations.

4. Project-driven supply chain

• • Serve multiple projects – segments the supply chain operations to serve multiple projects.
  • Execute by the project – manages order procurement, material, manufacturing, management, etc.
  • Cost by the project – ensures that the right products, resources, and costs are delivered.
  • Differentiate by the customer – includes deal-specific R&D services.
  • Project-based Billing – captures project expenditures and bills on project contract rules.

5. Contract Manufacturing

• • Flexible Production – Users can outsource work order operations and assemblies based on the plant’s capacity.
  • Supplier collaboration – streamlines manufacturing processes and collaborates with suppliers.
  • Cosign Material – allows buying material and consigning it to the contract manufacturer.
  • Multi-tier visibility – enables users to plan, execute, and view the status of the processes.
  • Orchestrated processes – the movement of goods and financial transactions can be orchestrated using this.

6. Connected Factory

• • Reinvent manufacturing processes – allows the users to increase their revenues
  • Monitor Machines – prevents downtime by using IoT sensor data and provides visibility for the maintenance of the assets.
  • Connect and monitor workplaces – Identifies the causes of incidents in real-time.
  • IoT for transportation and logistics – Reduces the costs of the company by connecting and monitoring vehicle routes.
  • Connect to service enters – it delivers a predictive customer experience. Also, it empowers the service team to use insights.

Oracle Fusion Manufacturing Benefits

Oracle Fusion Manufacturing Cloud has been a great success by the Oracle Corporation. Customers around the world who are handling their enterprises leverage Oracle Cloud Manufacturing as it drives operational excellence and resilience. The customers are happy with the software because of the following benefits that it provides to them:

• Maximizes productivity and efficiency – Shop floor performance can be improved with the help of real-time, actionable insights from artificial intelligence and predictive analytics. It also increases business agility by automating manufacturing processes.
• Improves collaboration across the value chain – Oracle Cloud Manufacturing is a seamlessly integrated solution as it extends the processes, analytics, visibility, and execution into contract suppliers and manufacturers.
• Improves product quality – It helps the users to connect the items to inspections to define the quality attributes, solve problems in an auditable manner, quickly identify defects, and implement the right actions in the processes.
• Reduces costs and improves ROI – Oracle Cloud Manufacturing reduces the costs, improves the on-time delivery, and makes smarter decisions by streamlining and effectively managing the extended supply chain.
• Ensures the quality of raw materials – It drives excellence in the supply chain and improves the consistency of the product with expanded visibility and a great ability to analyze the data. It further simplifies the complex tracking and tracing processes by using the IoT and blockchain.

Oracle Fusion Manufacturing New Offerings

The Oracle Fusion Manufacturing Cloud delivers the updates every quarter. It provides new upgrades, functions, and features so that its customers can function and manage their businesses efficiently and effectively. Some features are readily available for the end-users while others need actions to make them work. The new features and offers provided by Oracle for this cloud are project-driven supply chain, quality management, and search for work definition operation, managing attachments, viewing inspection plan attachments, and allowing the user to purchase unplanned materials for a specific project.

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Advantages and Disadvantages of Oracle Fusion Manufacturing

Oracle Manufacturing Cloud greatly supports maintenance, manufacturing, inventory, receiving, shipping, managerial accounting, financial orchestration, collaboration, and accounting processes of a product in a company. However, there are a few pros and cons of this software which will help you understand the product better. They are as follows:

Advantages –

• Oracle Fusion Cloud Manufacturing is a complete, unified, and integrated cloud application. Additionally, it gives the fastest way to connect the entire business.
• It has embedded analytics that visualizes, analyzes, and enriches the data to gain new knowledge.
• It helps the users to connect to any part of the business, person, or any process.
• This software provides the maximum security of data. In addition to this, it has a multilayer approach to SaaS applications ensuring security at every layer.
• Next, the users can innovate and address their legacy customizations through a personalized cloud that empowers them.
• Another equally important advantage is that it allows the companies to proficiently manage the manufacturing processes starting from the designing of the product as per their needs to managing the production work with a close track.
• Its social collaboration feature enables effective information sharing during the process. It also has analytics enabling intelligent decision making and exception management.

Disadvantages –

• User experience is not up to mark. Also, user navigation could have been better.
• It is a bit slow-paced and delays in accommodating the changes in a new product releasing forward.