A Better Way to Track Supply Chain Emissions
Many companies are not only looking for supply chain management, but also a way to brand their business into a sustainable company. According to the EPA Center for Corporate Climate Leadership, “Supply chain emissions are, on average, 11.4 times higher than operational emissions, which equates to approximately 92% of an organization’s total GHG emissions. Organizations’ supply chains often account for more than 901 percent of their greenhouse gas (GHG) emissions, when taking into account their overall climate impacts.” Hence, Oracle plans to offer businesses a way to adopt circular economy strategies with a more sustainable supply chain in the later half of 2023.
Why Choose Sustainability for Your Supply Chain
Calculating emissions can be very complex. For instance, if multiple modes of transportation are being used for a shipment, you will account for weight and distance, but the new Oracle software will help you do that and so much more. You’ll want to understand the type of vehicle used, because some modes of transportation are more efficient than others. So, Oracle partnered with companies like Global Logistics Emissions Council to develop the Oracle Fusion Cloud Supply Chain Management to help you better understand your emissions.
Oracle’s Vision for SCM
With the development of Oracle Fusion Cloud Supply Chain Management the goal is to help you embed sustainable supply chains into your business operations. Oracle wants you to “Find opportunities to use recycled materials in product design, packaging, and manufacturing. Monitor factory efficiency and analyze productivity to reduce unplanned downtime and outages. Gain visibility into product and cargo conditions in transit, minimizing spoilage and ensuring products arrive in perfect condition. Lower your carbon footprint by optimizing shipment capacity and routes and minimizing the deployment of empty trucks, among many other sustainable practices.”
Three Benefits of Oracle Fusion Cloud SCM
Oracle’s Fusion Cloud SCM offers your business three distinct benefits:
- Oracle’s SCM can help you outpace change with an agile supply chain. Maximize perfect orders and minimize costs, while adapting to business disruptions and changes in your supply chain.
- Your supply chain planners can better manage supply chain complexity and transform operations with Oracle to meet the challenges of today’s marketplace to successfully manage complex operations and gain total visibility.
- With Oracle Fusion Cloud SCM, you get better planning results for a faster plan. Oracle helps you with demand, supply, order fulfillment, and production intelligently across your supply chain, while collaborating end-to-end to increase service, reduce disruptions, and minimize costs.
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