Unlocking continuous innovation is an important objective for manufacturers as the global economy recovers from the pandemic. In order to achieve this crucial goal, organisations are setting their sights on the cloud to transform their business and fuel their growth while continuously creating value for customers.
To help organisations better understand the power of the cloud, global tech giant Oracle recently hosted the Oracle Cloud SCM Virtual Summit, where supply chain and manufacturing customers shared their journeys and successes in unlocking the keys to continuous innovation.
Here are 3 key reasons why supply chain management leaders should watch Oracle’s virtual summit on-demand:
Understand how you can take your supply chain to the next level
The global pandemic has not only placed the spotlight on the different supply chain issues but also exacerbated them. Multiple national lockdowns and border restrictions have stifled the flow of raw materials and finished products, causing significant disruptions to the manufacturing sector.
As the world opens up, organisations are recognising the importance of advanced technologies in overcoming the challenges and complexities in today’s landscape. Increasingly manufacturers are embracing digital transformation to innovate and accelerate their strategies. “Companies today have become more customer-centric. More and more companies are setting up manufacturing facilities and distribution centres in the countries where the point of demand is. They are rethinking the methods and means of how they manufacture their products, and in many cases, that’s through the use of emerging technologies,” said Rick Jewell, SVP, Applications Development at Oracle.
Oracle Cloud SCM Virtual Summit delved into how the global tech giant’s Supply Chain Management & Manufacturing (SCM) Oracle’s innovations can enable manufacturers to turbo-charge their operational efficiency, business resilience and growth.
Get top insights on the future of the supply chain
In addition to a sanguine opening speech by Oracle SVP for Applications Development, Rick Jewell, the Oracle Cloud SCM Virtual Summit also featured high-level insights from industry pundits such as Stefanie Naujoks, research director, IDC Manufacturing Insights, examined the different industry trends and innovation challenges for the discrete manufacturing industry.
Deloitte Consulting’s senior manager and supply chain expert, Nicole Wilkinson, also discussed how manufacturing companies can successfully embrace the cloud and seamlessly migrate their systems.
Furthermore, other Oracle executives including Jon Chorley, CSO & GVP for SCM Product Strategy and Terri Hiskey, VP for SCM Product Marketing, shared expert insights into how the company’s offerings are transforming industries. Chorley explored the advantages that real-time data and analytics can bring to enable organisations make smarter and sustainable business decisions. Meanwhile, Hisky discussed how advanced technologies such as AI and machine learning can transform manufacturing facilities to become more efficient. “We are now getting smarter about applying technology and intelligence to machines to help us address issues before they become crises. Having a view into your production line helps with efficient forecasting and planning,” she said.
Hear world-class success stories
Oracle Cloud SCM Virtual Summit featured success stories from world-renowned companies including Switzerland-based Alcar, a key player in the automotive aftermarket. Alcar shared their cloud journey and discussed how they embraced Industry 4.0 technology to modernise their manufacturing operations.
The event also saw global processing and packaging company Tetra Pak talk about how they leveraged Oracle’s innovations to automate many of its logistics and supply chain processes. A move that’s not only aimed at improving its business operations but also in achieving its goal to become carbon neutral by 2030.
Finally, Argent Energy, a large scale commercial producer of biodiesel in the UK shared their success in implementing a unified system that allowed them to focus on their vision of reducing the world’s carbon footprint.
You can watch the Oracle Cloud SCM Virtual Summit: The Keys to Unlocking Continuous Innovation on-demand here.
