To help organisations increase the efficiency of global supply chains, Oracle has introduced new logistics capabilities within Oracle Fusion Cloud Supply Chain & Manufacturing (SCM). The updates to Oracle Transportation Management (OTM) and Oracle Global Trade Management (GTM), part of Oracle Cloud SCM, help customers reduce costs, improve accuracy, automate regulatory compliance, and enhance logistics flexibility.
Logistics leaders are overwhelmed with a recent buildup of port and shipping delays, fluctuating fuel costs, and evolving trade regulations while also being at the forefront of efforts to reduce carbon emissions of goods in transit. Organisations that don’t have flexible and responsive logistics processes in place often end up passing these delays and costs onto their customers.
“The last few years tested the flexibility of global logistics operations and many organisations have struggled to keep pace with the changing market,” said Derek Gittoes, VP of SCM Product Strategy, Oracle.
“With Oracle Transportation Management and Oracle Global Trade Management, organisations can rapidly adapt to changes in their supply chain and logistics network. Oracle’s self-updating platform gives customers access to continuous innovation, as new features are added every 90 days without business disruption,” added Gittoes.
The new capabilities within Oracle Transportation Management and Oracle Global Trade Management include:
Automated Trade Agreement Qualification: Helps customers validate Certificate of Origin, reduce tariffs, and enter new markets. With a deep view into the bill of materials, Trade Agreement Qualification enables customers to comply with labour regulations and prove where goods were produced via auditable records.
New Oracle Logistics Digital Assistant Capabilities: Allow users to gain insight into the status of their shipments with simple voice commands. With the embedded Logistics Digital Assistant, users can quickly find answers to their questions.
Enhanced Workbenches: Allow users to combine data from multiple sources into a single view to streamline operations and enhance decision-making. New templates for driver management, dock scheduling, work assignments, shipment, spot bids, and restricted party screening enable users to manage specific logistics processes more efficiently.
New Oracle Transportation Management Mobile App: Enables customers to send assignments to drivers, capture arrival and departure events, and communicate in-transit status and location information. The highly configurable and intuitive app synchronizes offline app data and allows users to execute tasks efficiently no matter where they are.
ETA Predictions with Machine Learning: Provide real-time updates and shipment tracking to create accurate predictions for arrival times based on a customer’s unique business operations. With more accurate ETA predictions, customers can take quick action to reroute shipments to enhance operational efficiency.
“With the new logistics capabilities in Oracle Transportation Management and Oracle Global Trade Management supply chain professionals will gain real-time insights across the entire supply network to make critical business decisions and respond to any global change with confidence.” said Kaushik Mitra, Senior Director – Cloud ERP, Oracle India.
Oracle Cloud SCM helps organisations 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. TechHerald