New features help customers reduce costs, improve accuracy,
automate regulatory compliance, and enhance flexibility
AUSTIN,
Texas, Jan. 24, 2023 /PRNewswire/ -- To help
organizations increase the efficiency of global supply chains,
Oracle is introducing 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. Organizations 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 organizations have struggled to keep pace with
the changing market," said Derek
Gittoes, vice president of supply chain management product
strategy, Oracle. "With Oracle Transportation Management and Oracle
Global Trade Management, organizations 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."
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 labor
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.
"1-800-Flowers has a very complex supply chain and
transportation plan with our focus on high end gifting, and a
strategic priority to deliver an unparalleled customer experience
through operational excellence," said Don
La France, vice president, enterprise logistics and supply
chain solutions, 1-800-Flowers. "Our goals were standardization,
scaling capabilities, cost savings, visibility and reporting. After
some discovery we quickly decided on Oracle for transportation
management and warehouse management. We were able to stand up
OTM on our largest brand in 12 weeks, improved our proactivity, and
gave our teams the visibility needed to drive greater on-time
performance. We are very happy with our choice and our
decision has been validated by our results many times over."
Oracle Cloud SCM helps organizations 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.
For additional information on Oracle Cloud SCM applications,
visit Oracle.com/scm.
About Oracle
Oracle offers suites of integrated
applications plus secure, autonomous infrastructure in the Oracle
Cloud. For more information about Oracle (NYSE: ORCL), please visit
us at www.oracle.com.
Trademarks
Oracle, Java, and MySQL are registered
trademarks of Oracle Corporation.
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SOURCE Oracle