New logistics capabilities in Oracle Cloud SCM help customers
increase visibility, reduce costs, automate compliance, and improve
decision-making
MUMBAI,
India, Feb. 13, 2024 /PRNewswire/ -- Oracle
CloudWorld -- 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 and Oracle Global Trade Management, part of Oracle Cloud
SCM, will help customers optimize logistics operations by
increasing visibility, reducing costs, automating regulatory
compliance, and improving decision-making.
Organizations are facing significant supply chain challenges –
from component shortages to disrupted shipping routes,
ever-changing global trade agreements, and volatile customer
demand. To quickly adapt their supply chains to the changing global
business environment, logistics professionals need agile and
efficient processes that can help them successfully navigate
regulatory compliance, reduce the likelihood of trade bottlenecks,
and mitigate the impact of on-going shipping disruptions.
"The last few years tested the resiliency of global logistics
operations and many organizations have struggled to adapt and
insulate their business from ongoing disruptions," said
Srini Rajagopal, vice president of
logistics product strategy, Oracle. "With Oracle Cloud SCM,
organizations can seamlessly manage transportation, global trade,
and distribution processes. This helps them improve the speed and
accuracy of operations, optimize service levels, address
compliance, and mitigate the impact of supply chain
disruptions."
The new capabilities within Oracle Transportation Management and
Oracle Global Trade Management include:
- Expanded Business Intelligence Capabilities: Enables
customers to combine transportation and trade data with other
operational data in Oracle Fusion Data Intelligence. The
augmented data helps organizations improve decision-making
and global logistics performance by providing a holistic,
real-time view of the business.
- Enhanced Logistics Network Modeling: Helps logistics
managers to model different scenarios and compare different
scheduling options for drivers. The enhanced Logistics Network
Modeling capabilities help organizations quickly evaluate
schedules, improve assignment decisions, and optimize fleet
performance.
- New Trade Incentive Program: Enables customers to
simultaneously automate support for multiple country-specific trade
programs. Automating trade documentation helps organizations reduce
manual processes, improve the accuracy and efficiency of trade
program participation, and reduce duty and tax costs.
- Updated Oracle Transportation Management Mobile
App: Support for third-party transportation service
providers and fleet-managed drivers enables app users to bid on
spot market shipments, capture shipment actuals, and launch maps.
The added functionality and high configurability of the app helps
improve the efficiency of logistics operations by providing users
with a more intuitive and personalized experience.
- Improved Workbenches: Help logistics managers quickly
and easily create highly configurable workbenches that provide a
single view of operations. New workbench personalization and data
visualization features help organizations increase productivity and
improve business decisions.
"As a global business with offices in 143 countries and
territories, we are continuously striving to improve visibility of
global trade agreements and centrally manage cross-border business
processes," said Gisele Belotto,
Principal, Tax, International Tax - Trade and Customs, KPMG. "Using
many of our own tools, as well as those of our alliance partners,
we've been able to optimize our global trade processes and trade
agreement qualification to increase efficiency, lower costs,
improve controls, and reduce risk across our operations."
"With Oracle, we have been able to increase productivity and
reduce time to process freight expenses significantly," said
Satish Sharma, president APMEA,
Apollo Tyres. "Oracle Transportation Management has helped expand
our supply chain visibility and eliminated multiple rounds of audit
checks and clerical work related to its freight settlement and
auditing processes. The company has experienced a big jump in
efficiency and reduced the number of errors."
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 integrated suites of
applications plus secure, autonomous infrastructure in the Oracle
Cloud. For more information about Oracle (NYSE: ORCL), please visit
us at www.oracle.com.
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SOURCE Oracle