With the ever-expanding volume of cost data within and across organisations, existing tools are often unable to perform complex cost analysis which prevents organisations from identifying optimal profit margins to help make informed cost management decisions.
To transform the way organisations address their cost management objectives, Oracle has introduced Oracle In-Memory Cost Management for the Oracle E-Business Suite.
Utilising the extreme performance delivered by Oracle Engineered Systems, the new Oracle In-Memory Applications enable near realtime insight into all aspects of cost management, allowing organisations to make better, faster decisions to maximise profits, safeguard current margins and identify optimal future margins.
To help organisations meet their strategic cost management objectives, Oracle has announced the general availability of a new suite of Oracle In-Memory Applications for the Oracle E-Business Suite.
Expanding Oracle’s cost management solutions, Oracle In-Memory Cost Management enables organisations to quickly view, analyse and visualise the impact of cost changes. Users now can perform complex what-if simulations on cost data and visualise its impact to inventory valuations and profit margins.
Utilising the extreme performance of Oracle Engineered Systems, including Oracle Exadata Database Machine and Oracle Exalytics In-Memory Machine, which can manage the large and complex data sets central to in-memory applications, the Oracle In-Memory Cost Management application is designed to deliver near realtime insight into all aspects of cost management, enabling organisations to maximise gross margins and profits and enhance product cost structures through optimising component costs.
With Oracle In-Memory Cost Management, organisations can also analyse data to optimise 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 for the Oracle E-Business Suite are certified and supported only on Oracle Engineered Systems, one more reason why Oracle applications run best on Oracle systems.
Oracle In-Memory Applications, including Oracle In-Memory Cost Management, demonstrate Oracle’s continued commitment to innovation that produces business results and value for Oracle Applications running on Oracle Engineered Systems.
Providing near realtime access to vast quantities of data, Oracle In-Memory Cost Management includes Oracle’s Cost Impact Simulator and Gross Profit Analyser and Oracle’s Cost Comparison Tool.
Oracle’s Cost Impact Simulator and Gross Profit Analyser work together to enable organisations to perform a range of business functions not previously possible with the long wait times associated with batch processing of big data. With these features customers can:
* Undertake multidimensional analysis of complex multi-level bills of material and routing data;
* Perform detailed ‘what-if’ cost simulations and timely analysis of cost and inventory valuations;
* Accurately view the impact of changes to margins and profits such as inflation, competitive pricing, discounts and potential tax increases; and
* Easily assess future impact on margins including potential downstream impact of unshipped orders and also future forecasted demand.
Oracle’s Cost Comparison Tool enables organisations to quickly view and analyse the details of complex cost structures across multiple locations to discover hidden opportunities.
With this tool customers can:
* Quickly process and visualise large volumes of complex cost data;
* Reduce operation costs;
* Reach timely decisions;
* Identify the most profitable cost structures;
* Simulate the enterprise-wide impact of cost charges; and
* Propagate savings across the organisation.
“In today’s global marketplace, manufacturing enterprises need cutting-edge technology to quickly process and analyse large volumes of complex cost data,” says Cliff Godwin, senior VP, Oracle Applications Development.
“With Oracle In-Memory Cost Management, organisations can now access realtime data to accurately perform ‘what-if’ scenarios and analyses, and quickly visualise its impact. This capability will be incredibly valuable to organisations to make faster, better decisions that impact the bottom-line and to drive their overall strategic cost management objectives.”