Oracle Helps Healthcare Organizations Streamline Supply Chain Operations

Oracle Health & Life Sciences Summit — Oracle today announced new AI-powered capabilities within Oracle Fusion Cloud Applications that help healthcare organizations strengthen and streamline supply chain operations. Building on Oracle’s decades of success in helping healthcare organizations increase efficiency, the new inventory management and procurement capabilities help supply chain professionals leverage AI to better support patient care by simplifying healthcare processes, automating workflows, reducing costs, and providing real-time visibility into medical supplies.

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“Healthcare organizations face increasing pressure to maintain high-quality patient care while controlling costs and supporting their staff,” said Kristen Miles, vice president, Healthcare Product Strategy, Oracle. “The latest capabilities within Oracle Fusion Applications will help our customers leverage AI to streamline processes, improve operational efficiency, and gain real-time visibility into medical supplies. This will ultimately empower clinicians and supply chain teams to focus on what matters most: delivering exceptional care to patients.”

Advanced Inventory Management for Healthcare

Oracle Fusion Cloud Advanced Inventory Management, a new solution within Oracle Fusion Supply Chain and Manufacturing (SCM), helps healthcare organizations leverage AI to more efficiently manage and execute supply chain tasks, accelerate fulfillment, and improve logistics coordination. It includes:

• AI-driven inventory automation: Improves operational efficiency by using embedded AI to help optimize stock levels, prevent stockouts of critical items such as PPE, trigger replenishment actions, and automate routine inventory tasks.
• Robotic material handling integration: Optimizes material flow by automating the movement of supplies from hospital stockrooms to periodic automatic replenishment (PAR) locations using autonomous mobile robots from ST Engineering Aethon.
• Streamlined task assignment and execution: Enables faster, more accurate task completion by helping assign PAR counts, cycle counts, physical counts, deliveries, and pick slips to designated team members.
• Suggested put-away locations: Accelerates storage decisions and improves space utilization by recommending optimal locations for incoming medical goods, including temperature-sensitive items.
• Simplified inventory transactions: Improve accuracy and efficiency by using license plate numbers to help streamline receiving, shipping, transfers, and counting with real-time inventory updates within Oracle Fusion Cloud Inventory Management.
• Real-time cross-docking alerts: Optimize fulfillment and reduce handling time by notifying staff of opportunities to bypass storage and deliver urgent supplies, such as surgical kits or high-use medications, directly to the point of care.
• Load-based shipment grouping: Improves logistics, reduces transportation costs and helps ensure essential medical products arrive together by helping consolidate shipments for transport in a single container or truck.

Procurement for Healthcare

New user experience enhancements in Oracle Fusion Cloud Procurement help healthcare organizations simplify procurement processes, reduce costs, and improve operational efficiency by better connecting sourcing, purchasing, and inventory management. The new capabilities include:

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• Enhanced requisition processes: Provide flexibility and help ensure compliance by allowing requisition lines for special handling to be sourced from multiple suppliers and sites, extending support beyond bill-only requisitions and purchase orders.
• Streamlined purchase orders: Minimize errors by enabling requesters to add special handling requisition lines to existing open purchase orders, with automatic copying to the corresponding order.
• Automated lead times: Reduce manual data entry and improves delivery timelines by automatically applying lead times from master item records or blanket purchase agreements.
• Seamless system integration: Synchronizes item master, inventory location, and cost information through native integration with Oracle and third-party Electronic Health Records (EHR), a well as Oracle Fusion Cloud Product Hub.

Part of Oracle Fusion Applications, Oracle Cloud SCM enables customers to seamlessly connect supply chain processes and quickly respond to changing demand, supply, and market conditions. In addition, embedded AI acts as an advisor that analyzes supply chain data, generates content, and augments or automates processes to help improve business operations and create a resilient supply network.

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