Welcome!

Java IoT Authors: Elizabeth White, Liz McMillan, Yeshim Deniz, Pat Romanski, Zakia Bouachraoui

News Feed Item

Oracle Drives Strategic Cost Management With New In-Memory Application for Oracle E-Business Suite

Oracle In-Memory Cost Management for Process Industries Helps Organizations Make Faster and Better Decisions That Impact the Bottom Line

SAN JOSE, CA -- (Marketwired) -- 02/04/14 -- Oracle (NYSE: ORCL) -- Oracle Value Chain Summit 2014

News Summary
In today's global manufacturing environment, process manufacturers face a multitude of challenges due to regulatory compliance, stringent quality processes, and increasing manufacturing costs. In order to accurately calculate margins and maximize profits, these organizations must gather, maintain, and analyze growing volumes of current and historical cost data. However, existing cost management solutions have not kept up with the exploding volumes of cost data across global manufacturing operations and various supply chains. To help solve this critical business need, Oracle has introduced Oracle In-Memory Cost Management for Process Industries for Oracle E-Business Suite. Utilizing the extreme performance delivered by Oracle Engineered Systems, the new Oracle In-Memory Applications enable real-time insight across virtually all aspects of cost management, allowing process organizations to maximize revenue, increase profits, and optimize operational costs and working capital.

News Facts

  • To help customers in process industries, such as in Natural Resources, Life Sciences, Food & Beverage, Chemicals, and Consumer Goods, meet strategic cost management objectives, Oracle today announced Oracle In-Memory Cost Management for Process Industries.
  • An integrated suite of hardware and software, Oracle In-Memory Cost Management for Process Industries helps organizations maximize revenue, increase profits, and optimize both operational costs and working capital.
  • The latest addition to Oracle's comprehensive cost management solutions, Oracle In-Memory Cost Management for Process Industries provides a new set of in-memory applications that help cost accountants, and operations, finance, and procurement managers make critical costing decisions in real-time.
  • Oracle's In-Memory Cost Management for Process Industries is specifically built and optimized for extreme performance on Oracle Engineered Systems, including Oracle Exadata Database Machine or Oracle SuperCluster and Oracle Exalytics In-Memory Machine which can manage large and complex data sets in real-time, central to in-memory applications.
  • Running Oracle software on Oracle hardware, customers can lower total cost of ownership, mitigate risk, improve user productivity and leverage Oracle Enterprise Manager to help streamline management while benefiting from the value of a single point of accountability.
  • The real-time analysis and visualizations also help process organizations optimize 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, including Oracle In-Memory Cost Management, demonstrate Oracle's continued commitment to innovation that produces transformational business results and enables Oracle Applications to run best on Oracle Engineered Systems.

Real-Time Insight into Cost Data for Process Industries

  • Virtually eliminating the long wait times for batch processes to complete on huge data sets that typical cost management systems have today, Oracle In-Memory Cost Management for Process Industries includes Cost Impact Simulator, Gross Profit Analyzer, and Cost Comparison Tool that provide users with real-time actionable insight.
  • Oracle's Cost Impact Simulator and Gross Profit Analyzer help organizations maximize revenue and increase profits. With these features customers can:
    • Undertake multidimensional cost analysis leveraging complex formulae, recipes, and routing data.
    • Perform detailed 'what-if' cost simulations and timely analyses of cost and related inventory valuations.
    • Easily assess impact on future margins including potential downstream impact of unshipped orders and forecasted demand.
  • Oracle's Cost Comparison Tool delivers a new deep dive into product cost structure comparison that enables organizations to discover hidden opportunities to further shrink operational costs by quickly processing and visualizing large volumes of cost data. With this tool, customers can:
    • View and analyze the details of complex cost structures across multiple manufacturing locations, legal entities, and accounting periods.
    • Easily identify cost savings and can propagate the savings across the enterprise.

Supporting Quote
"To meet the high demands of global operations, process organizations need cutting-edge technology to control margin erosion and achieve strategic cost management objectives," said Cliff Godwin, senior vice president, Oracle Applications Development. "With Oracle's In-Memory Cost Management for Process Industries, customers get an incredibly valuable tool that can help transform their businesses by allowing them to make faster, better decisions to drive their overall profitability."

Supporting Resources

About Oracle
Oracle engineers hardware and software to work together in the cloud and in your data center. For more information about Oracle (NYSE: ORCL), visit www.oracle.com.

Trademark
Oracle and Java are registered trademarks of Oracle and/or its affiliates. Other names may be trademarks of their respective owners.

Contact Info
Karen Hartquist
Oracle
+1.650.506.3552
Email Contact

Simon Jones
Blanc & Otus
+1.415.856.5155
Email Contact

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

IoT & Smart Cities Stories
DXWorldEXPO LLC announced today that All in Mobile, a mobile app development company from Poland, will exhibit at the 22nd International CloudEXPO | DXWorldEXPO. All In Mobile is a mobile app development company from Poland. Since 2014, they maintain passion for developing mobile applications for enterprises and startups worldwide.
Nicolas Fierro is CEO of MIMIR Blockchain Solutions. He is a programmer, technologist, and operations dev who has worked with Ethereum and blockchain since 2014. His knowledge in blockchain dates to when he performed dev ops services to the Ethereum Foundation as one the privileged few developers to work with the original core team in Switzerland.
Cloud-enabled transformation has evolved from cost saving measure to business innovation strategy -- one that combines the cloud with cognitive capabilities to drive market disruption. Learn how you can achieve the insight and agility you need to gain a competitive advantage. Industry-acclaimed CTO and cloud expert, Shankar Kalyana presents. Only the most exceptional IBMers are appointed with the rare distinction of IBM Fellow, the highest technical honor in the company. Shankar has also receive...
DXWorldEXPO LLC announced today that ICOHOLDER named "Media Sponsor" of Miami Blockchain Event by FinTechEXPO. ICOHOLDER gives detailed information and help the community to invest in the trusty projects. Miami Blockchain Event by FinTechEXPO has opened its Call for Papers. The two-day event will present 20 top Blockchain experts. All speaking inquiries which covers the following information can be submitted by email to [email protected] Miami Blockchain Event by FinTechEXPOalso offers sp...
Headquartered in Plainsboro, NJ, Synametrics Technologies has provided IT professionals and computer systems developers since 1997. Based on the success of their initial product offerings (WinSQL and DeltaCopy), the company continues to create and hone innovative products that help its customers get more from their computer applications, databases and infrastructure. To date, over one million users around the world have chosen Synametrics solutions to help power their accelerated business or per...
DXWordEXPO New York 2018, colocated with CloudEXPO New York 2018 will be held November 11-13, 2018, in New York City and will bring together Cloud Computing, FinTech and Blockchain, Digital Transformation, Big Data, Internet of Things, DevOps, AI, Machine Learning and WebRTC to one location.
@DevOpsSummit at Cloud Expo, taking place November 12-13 in New York City, NY, is co-located with 22nd international CloudEXPO | first international DXWorldEXPO and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time t...
When talking IoT we often focus on the devices, the sensors, the hardware itself. The new smart appliances, the new smart or self-driving cars (which are amalgamations of many ‘things'). When we are looking at the world of IoT, we should take a step back, look at the big picture. What value are these devices providing. IoT is not about the devices, its about the data consumed and generated. The devices are tools, mechanisms, conduits. This paper discusses the considerations when dealing with the...
Charles Araujo is an industry analyst, internationally recognized authority on the Digital Enterprise and author of The Quantum Age of IT: Why Everything You Know About IT is About to Change. As Principal Analyst with Intellyx, he writes, speaks and advises organizations on how to navigate through this time of disruption. He is also the founder of The Institute for Digital Transformation and a sought after keynote speaker. He has been a regular contributor to both InformationWeek and CIO Insight...
Digital Transformation is much more than a buzzword. The radical shift to digital mechanisms for almost every process is evident across all industries and verticals. This is often especially true in financial services, where the legacy environment is many times unable to keep up with the rapidly shifting demands of the consumer. The constant pressure to provide complete, omnichannel delivery of customer-facing solutions to meet both regulatory and customer demands is putting enormous pressure on...