San Jose, California (PRWEB) November 04, 2013
Jade Global today announced an Oracle Accelerate Solution for Excess and Obsolete (E&O) Inventory Management for the high-tech industry, a simple to deploy, industry-specific, packaged solution that offers a fast 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 inventory 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 to 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 Oracle Partner Network (OPN).
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 the need 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 increase 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.
Today’s midsize high technology 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 lifecycles are shortening, putting new pressure on midsize companies to improve product management processes and reduce obsolescence and excess inventory.
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 to 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 inventory process to enable compliancy, enhance visibility and increase profitability. Managing 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 inventory 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.”
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 PartnerNetwork
Oracle PartnerNetwork (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 http://www.oracle.com/partners.
About Jade Global
Jade Global, Inc. is a leading information technology (IT) services and solutions provider, headquartered in San Jose, CA and offices in Morganville, NJ, Dallas TX, Oceanside California and Offshore delivery centers in Pune and Delhi India. Jade Global is a Platinum level member of Oracle PartnerNetwork (OPN), with Specializations in Oracle Database, Oracle Database Performing Tuning, Oracle E-Business Suite Financial Management, Oracle E-Business Suite Supply Chain Management, and Oracle Business Intelligence Foundation. We deliver the right combination of business knowledge, product and technical experience, project management and flexible delivery models to every engagement to ensure every client’s long term growth and success in business. We have consistently delivered to client expectations and have established long lasting relationships with them. Learn more about Jade Global at http://www.jadeglobal.com
Oracle and Java are registered trademarks of Oracle and/or its affiliates.