Optimizing Product Lifecycle Management with Oracle’s Modern Best Practices

In today’s fast-evolving digital landscape, businesses must embrace agility and automation to stay competitive. Traditional supply chain models are inadequate—organizations need intelligent, technology-driven processes to enhance efficiency, reduce risks, and boost profitability. 

Oracle’s Modern Best Practices (OMBP) optimize business operations by leveraging Cloud, AI/ML, Analytics, and IoT. OMBP provides dynamic, publicly accessible, and expert-validated methodologies that adapt to changing business needs. Focused on customer needs rather than product capabilities, it helps organizations stay ahead of change, optimize resources, and achieve more efficiently, all while being fully executable with Oracle products.

Oracle Modern Best Practice for Supply Chain Management

Key Features of Oracle Modern Best Practice:

• Dynamic: Continuously updated to align with evolving technologies and customer demands.
• Public: Freely accessible, ensuring transparency and easy implementation.
• Trusted: Tested and validated by Oracle experts for proven effectiveness.

Technology Enablers in OMBP:

• Cloud Computing: Enables scalable, cost-effective business applications.
• Mobile Access: Facilitates real-time data and collaboration from anywhere.
• AI & Machine Learning: Automates tasks, predicts trends, and enhances decision-making.
• IoT & Big Data: Provides real-time insights for proactive supply chain management.
• Collaboration Tools: Enhances cross-functional communication and supplier engagement.

By leveraging OMBP, organizations can streamline operations, integrate emerging technologies, and drive measurable results.

Oracle’s PLM Best Practices: From Design to Release

Product Lifecycle Management (PLM) plays a pivotal role in modern supply chains by streamlining the journey from product conception to production. Oracle’s “Design to Release” best practice ensures:

• Faster time-to-market by optimizing product development processes.
• Seamless collaboration between design teams, suppliers, and manufacturers.
• Real-time tracking of costs, compliance, and engineering changes.

1. Review Product Design

The product design phase establishes a baseline for development by consolidating key inputs from idea capture, market research, and cost analysis. Oracle SCM Cloud enables:

• Centralized dashboards for tracking design concepts, engineering drawings, and cost estimates.
• AI-driven insights to validate designs based on historical success metrics.
• Automated project tracking to monitor development progress.

2. Develop Product with Intelligent Change Management

Oracle’s PLM Cloud facilitates structured engineering change orders (ECOs), automated approvals, and real-time revision control to ensure accuracy. Key capabilities include:

• Rule-based workflows for approving design modifications. 
• Interactive dashboards displaying engineering changes in real time. 
• Secure cloud-based collaboration to connect internal teams and suppliers.

3. Collaborate with Suppliers for Efficient Sourcing

Supplier engagement is crucial to cost optimization, quality control, and production scalability. Supplier collaboration tools help businesses:

• Maintain a centralized supplier database with pre-qualified vendors. 
• Automate supplier communication through secure portals.
• Track supplier performance

4. Establish and Optimize Product Costs

Product cost visibility is essential for ensuring profitability and pricing competitiveness. Oracle’s best practices include:

• Automated cost roll-ups on subassemblies and final products.
• Predictive analytics to simulate cost impact across supply chain scenarios.
• Real-time financial dashboards to track cost deviations.

5. Evaluate Readiness Before Production

Oracle provides a data-driven readiness assessment that verifies: 

• Item cost completion and supplier alignment
• Regulatory compliance and adherence to quality standards
• Production feasibility through scenario planning

6. Release to Production with Workflow Automation

Transitioning from product development to manufacturing requires seamless task routing and approval mechanisms. Oracle SCM Cloud ensures:

• Automated task assignments based on business rules.
• Collaboration across design, SCM, and manufacturing teams.
• Quality control measures to minimize defects.

Why Oracle’s Best Practices 

We can leverage these best practices to drive cloud transformation and help businesses succeed in their digital journey. By embracing Oracle’s Modern Best Practices, we can adapt to market shifts, integrate operations, and achieve measurable results. These Modern Best Practices for PLM & SCM leverage Cloud, AI/ML, and Advanced Analytics to:

• Accelerate time-to-market – Automated workflows reduce approval delays.
• Enhance decision-making – AI-driven insights optimize cost, demand, and supply.
• Improve supplier collaboration – Secure portals enable real-time communication.
• Enable anytime, anywhere access – Mobile solutions provide instant data access.

Final Thoughts: Future-Proofing SCM with Oracle

For businesses looking to stay ahead in a dynamic global market, Oracle’s Modern Best Practices for SCM provide a proven blueprint for success.

By adopting Oracle’s PLM-driven SCM strategy, companies can:

• Streamline product development with automated workflows.
• Optimize supply chain through AI-powered insights.
• Reduce costs and improve compliance with real-time analytics.

We enable clients to achieve business success by focusing on the overall digital transformation with a pragmatic, rapid, and adaptable approach. Our deep industry knowledge ensures your organization benefits from an accelerated deployment, maximum user adoption, and a long-term, scalable solution.

Ready to transform your supply chain with Oracle? Reach out today to discover how Oracle’s SCM Cloud can drive efficiency and innovation for your business today!