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ERP Cloud and Procurement: Unlocking New Levels of Automation and Integration

Author(s) Sreenivasa Rao Sola
Country India
Abstract The dynamics of enterprise resource planning (ERP) systems have revolutionized the manner in which organizations manage procurement processes. Oracle ERP Cloud, being one of the leading cloud-based software solutions, has ushered in advanced features that enhance procurement activities via automation, integration, and artificial intelligence (AI)-informed decision-making. This journal addresses the significant contribution of Oracle ERP Cloud applications to optimizing procurement strategies through business ability to automate procurement processes, reduce operation costs, and accelerate procurement cycle times. Levying on automated processes, AI-driven insights, and real-time data integration, companies can make better and faster procurement decisions. The journal points out meaningful features of Oracle ERP Cloud that drive automation, such as supplier collaboration portals, intelligent demand forecasting, and automated purchase order processing. In addition, the integration of machine learning and AI tools in Oracle's cloud platform enables predictive analytics, which allows procurement teams to identify potential disruptions, enhance the performance of suppliers, and steer clear of risks. From industry case studies and prior research, based on developments up to October 2020, this paper provides the actual benefits of deploying ERP cloud solutions for procurement, such as improved supplier relationship management, cost advantages, and improved decision-making capabilities. With more businesses embracing digital transformation, Oracle ERP Cloud is a major driver of efficient, integrated, and low-cost procurement operations, setting new benchmarks in procurement automation and innovation.
Keywords Oracle ERP Cloud, Procurement Automation, AI-powered Decision Making, Procurement Cycle Optimization, Cloud Integration, Supplier Relationship Management, Machine Learning in Procurement, Digital Transformation in Procurement
Field Computer > Automation / Robotics
Published In Volume 1, Issue 1, September 2020
Published On 2020-09-03
Cite This ERP Cloud and Procurement: Unlocking New Levels of Automation and Integration - Sreenivasa Rao Sola - IJLRP Volume 1, Issue 1, September 2020. DOI 10.5281/zenodo.15259058
DOI https://doi.org/10.5281/zenodo.15259058
Short DOI https://doi.org/g9f8tc
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