Supply chain systems are changing. Blockchain is creating new opportunities for companies to gain visibility into their supply chains, and that’s going to affect how companies think about their ERP systems.
Traditional supply chains face challenges at every step. Deliveries are vulnerable to delays, theft and spoilage, and issues are not always apparent until goods arrive at their destination (or fail to). With entire shipments routinely at stake, the logistics industry has long needed a smart, modern solution.
As companies try to adapt to the new reality, we expect to see strong enterprise COOs play an increasingly prominent role. In our ongoing dialogue with forward-thinking supply chain organizations, leadership teams have consistently expressed interest in elevating the function to become a true strategic partner to the enterprise.
The COVID-19 crisis has put the spotlight on supply chains like never before, and the average shopper now realizes that the lack of their favorite product at the local drugstore is a result of breakdowns across an intricate global network.
Enterprise resource planning (ERP) platforms are arguably the most important applications in a company’s data center. The core modules range from financial and order management systems to supply chain planning and human resource management. In short, if the ERP platform goes down, orders can’t be booked, invoices can’t be paid, and business grinds to a halt. This high-risk proposition helps explain why enterprises need a compelling reason and an airtight business case before upgrading their ERP system and incorporating the project in a digital transformation strategy.
For the 4th year in a row, Gartner has named Oracle ERP Cloud a Leader in its Magic Quadrant for Cloud Core Financial Management Suites for Midsize, Large and Global Enterprises. We’re thrilled to make this report available to our readers with our compliments.