Oracle NetSuite provides chip industry enterprises with more than just ERP. Based on an information infrastructure, it can build its own distribution supply chain system and achieve automated management. While providing a one-stop digital solution, it also provides business intelligence (BI) tools and global compliant processing, making informatization no longer the traditional ERP and building valuable global digital systems for enterprises.
Oracle (Oracle), a famous database manufacturer, gives the public the greatest impression of being a database manufacturer. In fact, Oracle is also a large ERP company and a world leading enterprise software service company. Moreover, the databases used in its ERP software and other software are based on its own powerful Oracle Database. As the leading cloud ERP software of Oracle Corporation, Oracle NetSuite has a unified business management suite covering ERP, financial management, CRM and e-commerce. It has many well-known customers from all walks of life in more than 200 countries or regions around the world. Oracle NetSuite helps it realize its business vision by transforming the way of enterprise operation.
On November 11, at the 2022 International Integrated Circuit Exhibition and Seminar (IIC Shenzhen) held by the transnational media AspenCore, Mr. Andy Ao, the technical director of NetSuite industry of Oracle Corporation, focused on the problems faced by semiconductor enterprises, especially semiconductor supply chain distributors, from the information base, rapid growth of enterprises, third-party integration, digital ecology and one-stop solutions BI and global compliance introduced how to build a global digital system.
Mr. Andy Ao has been involved in project design, planning, and project management for nearly two decades, in addition to information technology. He has worked for globally renowned companies such as Kingdee and Microsoft, and is currently the Industry Technical Director of Oracle NetSuite.
As we all know, a very important trend change has taken place in the global and Chinese chip industry in 2020: Chip shortage.
At the end of 2020, due to the interweaving of various factors such as the global business environment, the ongoing pandemic, and international trade and sanctions, the entire semiconductor industry underwent changes. This change has led to some adjustments faced by Chinese chip supply chain enterprises, which have led us to consider how to find out of stock products and alternative solutions.
At the same time, the State Council has issued relevant policies, hoping that China's chip self-sufficiency rate will reach 70% by 2025, while in 2019, China's chip self-sufficiency rate was only around 30%.
To achieve this, we not only need to make efforts in research and development and manufacturing, but also need a global semiconductor supply chain system that integrates multiple parties. This poses a global transformation or upgrading challenge for semiconductor supply chain enterprises. This transformation or upgrade poses higher requirements for the informatization and digitization of enterprises, requiring them to establish a more effective supply chain system.
Specifically, this transformation involves issues such as how to reduce costs, how to expand channels, whether to expand from global to domestic or from domestic to overseas, deployment in different markets, implementation, quality control, and self-control.
The process of Digital transformation or upgrade inevitably involves ERP. ERP is the planned and systematic management of enterprise resources. It is not simply using a system for management, the important thing is to