The solution, based on Oracle Supply Chain Management, helps Improve reliability, ownership and auditability for Excess and Obsolete (E&O) reserves while reducing the total process times.
Jade Global today announced an Oracle Accelerate Solution for Excess and Obsolete (E&O) Inventory Management for the hi-tech industry, a simple to deploy, industry-specific, packaged solution that offers a faster time to benefit, which means the ability to get the right solution in place quickly, at a lower cost, with a controlled scope and predictable returns. Based on Oracle Supply Chain Management, this solution provides an opportunity for companies to reduce their E&O provisions through a reliable and consistent method, use of alternatives in product structure, user commitments, and other simulations and what-if analysis. It also helps companies avoid being overly conservative about applying provisions or releasing previously applied provisions to eventually improve profits. Jade Global is an Oracle Accelerate solution provider and a Platinum level member in the Oracle Partner Network (OPN).
Today’s midsize hi- tech companies face a hotbed of operational and market challenges. Lengthy order-to-delivery cycle times for customized complex configurations can cause severe fluctuations in inventory levels. Obsolescence is a frequently occurring issue with regular configuration changes. Product life cycles are shortening, putting new pressure on midsize companies to improve product management processes and reduce obsolescence and excess inventory.
Jade Global has developed its Oracle Accelerate solution for managing the inventory reserves process for midsize companies. The solution is integrated with Oracle E-Business Suite and at a high level the solution determines E&O and other inventory reserves, identifies needs to release prior inventory reserves, applies auto and manual exceptions, and reviews and approves the inventory reserves across multiple stake holders.
Jade Global’s Oracle Accelerate solution for Excess and Obsolete Inventory can help reduce required balance sheet reserves and help increases profit. It can help decrease E&O inventory analysis time to enable faster period-end close, provide reproducible tracking process to help reduce E&O inventory audit cost and help create a reliable and traceable process to increase visibility and reporting accuracy. For many companies E&O process is the major bottleneck in overall period close process.
Jade Global’s Oracle Accelerate solution for Excess and Obsolete Inventory provides an end-to-end comprehensive solution to calculate, compare and track reserves. It helps companies implement leading industry process for E&O inventory reserves by creating a single data repository for reserve related data. It can enhance inventory data visibility and trend analysis for functions across the organization to help improve inventory management and lower inventory cost and help improve forecasting and tracking of commit dates due to increased and timely visibility, and trend analysis.
Karan Yaramada, CEO, Jade Global said, “Jade Global’s Oracle Accelerate solution for Excess and Obsolete (E&O) Inventory can dramatically improve the management of your E&O process to enable compliance, enhance visibility and increase profitability. Maximizing excess and obsolete inventory has become a growing concern for every industry. Our Oracle Accelerate solution can not only help reduce the effort but can provide accurate numbers that can help executives and managers make informed decisions about their E&O reserves. We help replace poor visibility and high inventory with lower reserves and higher profits.”
“Jade Global’s Oracle Accelerate solution addresses the needs of midsize manufacturers in an increasingly competitive environment. It utilizes master and transactional data from ERP system and helps reduce E&O inventory reserves through transparency, ownership, preemptive mitigation and root cause analysis,” said Steve Cox, vice president, Oracle Midsize Programs. “Jade Global’s comprehensive, stand-alone solution integrates with ERP platforms and can help significantly reduce the cost, time and complexity of managing a high-tech company’s inventory”, he further added.
About Oracle Accelerate
Oracle Accelerate provides simple to deploy, packaged, enterprise-class software solutions to growing midsize organizations through Oracle’s network of expert partners. Created by Oracle's expert partners, Oracle Accelerate solutions are simple to deploy, industry-specific packaged solutions, designed for fast time to benefit, which means getting the right solution in place quickly, inexpensively and with a controlled scope and predictable returns. The best Oracle Accelerate Solutions are based on Oracle Business Accelerators, which are powerful, cloud-based rapid implementation tools developed and maintained by Oracle to get you up and running on a wide range of Oracle Applications, both quickly and reliably. Oracle has more than 290,000 midsize customers who buy Oracle to grow. To find out more, visit: http://www.oracle.com/accelerate
About Oracle Partner Network
Oracle Partner Network (OPN) Specialized is the latest version of Oracle's partner program that provides partners with tools to better develop, sell and implement Oracle solutions. OPN Specialized offers resources to train and support specialized knowledge of Oracle products and solutions and has evolved to recognize Oracle’s growing product portfolio, partner base and business opportunity. Key to the latest enhancements to OPN is the ability for partners to differentiate through Specializations. Specializations are achieved through competency development, business results, expertise and proven success. To find out more visit: https://www.oracle.com/partners/index.html
About Jade Global
Jade Global is a premier Advisory, Integration, Testing, Cloud & Consulting Services, Business Solutions and IT Outsourcing company that services clients across multiple technology platforms. It is headquartered in San Jose, California with offices in Philadelphia in US; Canada, Europe and India. With more than 2000 employees worldwide, Jade Global is a trusted partner of choice to its clients.
It is also Great Place to Work-Certified™ in recognition of its culture of trust, transparency, innovation, and fun in the work environment.
Payal Mathur, Director, Marketing