Oracle Enterprise Performance Management (EPM) solutions can be used in manufacturing companies based on common industry practices. Training on Oracle EPM tailored to manufacturing companies can help streamline processes and improve performance. Here are some steps and resources to consider:
1.Cost Management and Profitability Analysis:
A manufacturing company may use Oracle EPM to analyze and manage their costs effectively. They can create detailed cost models, allocate expenses, and perform profitability analysis for various products, product lines, or business units. This can help them identify areas where cost reductions or pricing adjustments are necessary to improve overall profitability.
2.Supply Chain Optimization:
Training Oracle EPM employed to optimize the supply chain in a manufacturing company. By integrating with their Enterprise Resource Planning (ERP) system, EPM can provide real-time visibility into inventory levels, demand forecasting, and production planning.
3.Budgeting and Forecasting:
Manufacturers can use Oracle EPM for budgeting and forecasting activities. They can create detailed financial plans that incorporate sales forecasts, production schedules, and cost projections , therefore This allows them to align their financial goals with operational plans, make adjustments as needed.
4.Asset Performance Management:
For manufacturing companies with heavy machinery and equipment, Oracle EPM used to monitor and analyze asset performance. This helps in optimizing maintenance schedules and reducing unplanned downtime.
5.Quality Control and Compliance:
Manufacturing companies often need to adhere to strict quality standards and regulatory requirements. Oracle EPM can assist in tracking and reporting on quality metrics, ensuring that products meet quality standards, therefore it helping the company maintain compliance with industry regulations.
6.Sales and Operations Planning (S&OP):
Oracle EPM can facilitate S&OP processes by aligning sales forecasts with production plans. This ensures that manufacturing companies produce the right quantity of products to meet market demand while avoiding overproduction or stockouts.
7.Performance Scorecards and Dashboards:
Oracle EPM provides customizable dashboards and scorecards that used to monitor key performance indicators (KPIs) across the manufacturing organization. This helps in quickly identifying areas that require attention and measuring progress towards strategic goals.
8.Cost Allocation and Profitability Analysis:
For manufacturing conglomerates with multiple business units, Oracle EPM can assist in allocating costs and analyzing the profitability of each unit. therefore this information can guide decisions related to resource allocation, investment, and divestment.
9.Merger and Acquisition Integration:
Manufacturing companies undergoing mergers or acquisitions can use Oracle EPM to streamline financial consolidation, reporting, and planning processes as they integrate newly acquired entities into their operations.
These are just some general examples of how Oracle EPM applied in a manufacturing company. Actual case studies would provide specific details and outcomes of how these solutions were implemented in real-world scenarios. For case studies , Finally I recommend visiting Oracle’s official website, checking their customer success stories, or reaching out to Oracle representatives for the most up-to-date and detailed information on specific implementations in the manufacturing industry.
Locus Academy has more than a decade experience in delivering the training, Staffing on Oracle EPM for corporates across the globe. The participants for the training, Staffing on Oracle EPM are extremely satisfied and are able to implement the learnings in their on going projects.