New RFID-powered solution helps Oracle Cloud SCM customers
ensure the right supplies are available at the right time and the
right locations to drive better patient experiences
LAS
VEGAS, Sept. 11, 2024 /PRNewswire/ -- Oracle
CloudWorld -- Oracle today announced a new replenishment
solution in Oracle Fusion Cloud Supply Chain & Manufacturing
(SCM) to help healthcare customers optimize inventory
management. The new RFID for Replenishment solution in Oracle
Fusion Cloud Inventory Management, part of Oracle Cloud SCM,
utilizes RFID technologies from Avery
Dennison, Terso Solutions, and Zebra Technologies to
automatically capture usage, update stock balances, track location,
and trigger restocking of supplies and materials. RFID for
Replenishment helps healthcare organizations increase productivity,
expand inventory insights, and prevent delays by helping ensure the
right amount of stock is in the right location at the right
time.
"To help ensure clinicians have the right supplies for each
procedure, inventory managers in healthcare organizations require
frequent stock counts that often rely on manual data entry, which
can lead to errors, replenishment delays, and item shortages," said
Chris Leone, executive vice
president of applications development, Oracle. "We're collaborating
with leading RFID vendors to deliver an end-to-end solution that
will allow healthcare organizations to automate stock
replenishment, expand inventory visibility, improve productivity,
and enable clinicians to spend less time looking for supplies and
more time focusing on patients."
With RFID for Replenishment in Oracle Inventory Management,
healthcare organizations can:
- Track medical supplies: Helps organizations track a
range of different medical supplies with either RFID-tagging for
high-value non-implantable items; RFID-enabled cabinet,
refrigerators, and freezers for items with specific climate
requirements; or RFID-enabled Periodic Automatic Replenishment
(PAR) bins for lower value supplies.
- Automate replenishment: Helps organizations eliminate
manual product counts and automate restock by using RFID-enabled
tagging, cabinets, and PAR bins to automatically create supply
replenishment requests in Oracle Inventory Management.
- Gain real-time inventory visibility: Helps
organizations maintain accurate stock counts by triggering a usage
update as soon as an item has been removed from an RFID-enabled
storage location.
- Reduce human error: Helps organizations reduce errors in
lot and serial number reporting and maintain an accurate view of
stock levels by fully automating inventory management.
Supporting quotes:
"Speed and accuracy will always be
intrinsically linked to positive patient outcomes. Our digital
identification solutions and RFID inlays have been trusted by the
healthcare industry for decades," said Barbara Van Rymenam, senior
director, healthcare, Avery
Dennison. "Integration into Oracle's broader
organization-wide inventory management system means that our joint
customers can increase the efficiency of the services they deliver
and drive more value for patients."
"The lack of inventory visibility throughout the healthcare
supply chain is a growing challenge for all stakeholders," said
Joe Pleshek, CEO, Terso Solutions. "With our RFID-powered
cabinets, refrigerators, freezers, and read points, and Oracle's
inventory management capabilities in one end-to-end solution, we
can help healthcare organizations automate processes, improve the
speed and accuracy of replenishment, and optimize operations for
greater patient outcomes."
"Hospital staff need the right technology to instantly identify,
track, and capture the location and status of critical resources in
real time," said Brent Brown, vice
president, general manager, Advanced Locationing Technology, Zebra
Technologies. "Our RFID readers and precise location tracking
provides real-time visibility into every item in Oracle Inventory
Management. This technology helps our customers work in new ways to
expand inventory visibility, streamline the operations of
front-line clinicians and deliver better care."
Oracle Cloud SCM helps organizations seamlessly connect supply
chain processes and quickly respond to changing demand, supply, and
market conditions. With new features added every quarter, Oracle
Cloud SCM helps customers create a resilient supply network and
processes that outpace change.
For additional information on Oracle Cloud SCM applications,
visit oracle.com/scm.
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About Avery
Dennison
Avery Dennison Corporation is a global
materials science and digital identification solutions company that
provides a wide range of branding and information solutions that
optimize labor and supply chain efficiency, reduce waste, advance
sustainability, circularity and transparency, and better connect
brands and consumers. Our products and solutions include labeling
and functional materials, radio frequency identification (RFID)
inlays and tags, software applications that connect the physical
and digital, and a variety of products and solutions that enhance
branded packaging and carry or display information that improves
the customer experience. Serving an array of industries worldwide —
including home and personal care, apparel, general retail,
e-commerce, logistics, food and grocery, pharmaceuticals and
automotive — we employ approximately 35,000 employees in more than
50 countries. Our reported sales in 2023 were $8.4 billion. Learn more
at www.averydennison.com.
About Terso Solutions
Terso Solutions, Inc. is backed
by over 18 years of RFID product development and implementation
experience. Our product line includes RAIN RFID enabled cabinets,
refrigerators, freezers (-86°C to -5°C), read points, mobile
solutions, and rooms. Terso has deployed over 3,500 RAIN
RFID-enabled devices worldwide. Headquartered in Madison, WI,
Terso Solutions is a wholly owned subsidiary of the Promega
Corporation.
About Zebra Technologies
Zebra helps organizations
monitor, anticipate, and accelerate workflows by empowering their
frontline and ensuring that everyone and everything is visible,
connected and fully optimized. Our award-winning portfolio spans
software to innovations in robotics, machine vision, automation,
and digital decisioning, all backed by a +50-year legacy in
scanning, track-and-trace and mobile computing solutions. With an
ecosystem of 10,000 partners across more than 100 countries,
Zebra's customers include over 80% of the Fortune
500. Newsweek recently recognised Zebra as one of
America's Most Loved Workplaces and Greatest Workplaces for
Diversity, and we are on Fast Company's list of
the Best Workplaces for Innovators. Learn more
at www.zebra.com or sign up for news alerts. Follow
Zebra's Your
Edge blog, LinkedIn, X and Facebook, and
check out our Story Hub: Zebra Perspectives.
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All information in this article is current as of September 11, 2024 and Oracle undertakes no duty
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SOURCE Oracle