Oracle 24B SCM Release: The Comprehensive Guide
As an Oracle SCM customer, you must be aware that Oracle’s 24B release is upon us. If you’re wondering what new will come with Oracle 24B SCM Release, this blog is for you. Here, we’ll discuss the upcoming features, what benefits they will offer, and what you should do to ensure seamless rollout of the release.
What is Oracle Cloud Quarterly Updates?
As its commitment towards innovation, Oracle rolls out major updates every quarter that include new features and functionalities. These updates allow customers to manage their businesses more efficiently and keep them compliant with the latest regulatory updates.
What is Oracle 24B SCM Release?
The Oracle Cloud quarterly releases are named sequentially. For example, the release for the first quarter of 2024 is 24A, the release for the second quarter of 2024 is 24B and so on. Thus, Oracle 24B is the latest release for this quarter. The subsequent release of Oracle SCM module is termed as Oracle 24B SCM Release.
Details of Oracle SCM 24B Release Functional Updates
Supply Chain Orchestration
- This new feature enables users to create default searches based on supply request reference, supply order, supply document, or item. The search filter can be used to search for your supply requests.
Collaboration Messaging Framework
- The customers using the services of AVALARA and TIE KINETIX can now connect with their trading partners and exchange messages with greater ease.
- Users can now transmit the PO PDF as an unzipped file. This choice is relevant when the purchase order is the sole attachment accessible for the message.
Procurement Checklists
- Procurement agents can now view compliance checklists. Leveraging Oracle Analytics Publisher reports or external applications, they can drill down to the checklist.
- Users can create compliance checklists and can be assigned as owners automatically. In case, user manages compliance checklists for multiple procurement BUs, the BU set in the Default Procurement Business Unit profile option is defaulted.
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Purchasing
- Users can now select the combination of values when an item has multiple manufacturer and part numbers to return to the agreement line. The application will only return the chosen supplier item to the agreement line if its supplier aligns with the one specified on the agreement.
- Using product information management functionality users can create master items with trading partner item associations to automatically derive item class, item number, and primary unit of measure from the blanket purchase agreement (BPA) import.
Details of Oracle SCM 24B Release Technical Updates
Inventory Management
- Oracle Transactional Business Intelligence (OTBI) has introduced the Unique Device Identifier column within the Lot and Serial Number dimension of the Inventory Balance Real-Time subject area.
- Oracle Transactional Business Intelligence (OTBI) now includes the Transfer Order Initial Requested Quantity column in the Transfer Order Line Details dimension, enhancing real-time tracking capabilities for materials management operations.
- Using supply chain cost rollup for manufacturing expenses enables immediate analysis within the Costing — Supply Chain Cost Rollup Real Time subject area in OTBI.
Procurement
- New REST resources — Purchase Agreements, Purchase Agreement Lines, Import Requests, Purchasing Document Import Errors, and Special Handling Types are introduced in Oracle Fusion Cloud Procurement and Oracle Fusion Cloud Self Service Procurement.
- Users can now generate reports and inquiries related to compliance checklists for purchase documents, using attributes such as checklist title, number, status, and owner.
- Designate supplementary supplier contacts by furnishing email IDs for purchase orders and produce OTBI reports and inquiries utilizing the Additional Contact Email attribute within the Purchasing Real Time OTBI subject area.
Order Management
- Oracle Visual Builder Studio facilitates an intuitive enterprise interface by empowering users to configure Redwood pages with business rules. This includes options like setting fields and regions as optional, read-only, or editable, and adjusting visibility based on specific criteria.
Conclusion
This is the high-level overview of Oracle 24B SCM updates. Since these updates have the potential to impact on a range of functionalities, it is highly recommended that you should perform robust testing to ensure bug-free release. For this purpose, Oracle offers a two-week window.
