Oracle, a cloud solutions provider, recently announced new logistics capabilities within Oracle Fusion Cloud Supply Chain & Manufacturing. The updates to Oracle Transportation Management and Oracle Global Trade Management, a part of Oracle Cloud SCM, aim to help customers reduce costs and make better planning decisions.
“Last year tested supply chains to a breaking point and exposed the limitations of older, on-premises systems that don’t provide the flexibility organizations need to run efficient logistics operations,” said Chris Cunnane, research director, supply chain management, ARC Advisory Group. “Oracle Cloud SCM’s latest update adds new artificial intelligence, machine learning, and integrated IoT features to improve real-time monitoring of shipments and enhance the efficiency of trade and logistics processes.”
Oracle Cloud SCM helps organizations enhance supply chain operations, improve planning and execution across the entire business, and deliver a better customer experience. The new capabilities within Oracle Transportation Management and Oracle Global Trade Management include:
Oracle Logistics Machine Learning: Helps customers leverage machine learning in transportation processes to accurately predict transit times and reduce costs associated with unplanned delays.
Rules of Origin Qualification: Helps customers comply with rules of origin criteria across different trade agreements.
Connected Logistics: Helps customers predict and manage shipments and inventory by connecting logistic flows between Oracle Transportation Management, Oracle Warehouse Management, and Oracle Internet of Things.
Ocean Enhancements: Automates transactions with ocean carriers, from booking through financial settlement.
3D Load Configuration Editor: Provides flexibility in managing container-based shipments and how they are loaded.
New Oracle Logistics Digital Assistant Capabilities: A new accelerated access experience and conversational interface helps Oracle Transportation Management and Oracle Global Trade Management customers access all shipment information and send requests while on the go.
“Using Oracle Transportation Management, we've been able to get almost immediate results on the rate changes that impact our shipping costs,” said Matt Kirchner, senior logistics analyst, at White Cap. “We utilize Oracle Transportation Management for export lane cost-by-carrier analysis, and when we're comparing the different costs, we're able to easily try different carrier combinations and compare the planned cost versus the lowest cost. We've found that on average, we're able to reduce costs by approximately 6 percent.”
“As organizations reimagine their supply chains in the wake of 2020, creating robust and resilient logistics processes that keep the business moving efficiently should remain a key priority,” said Derek Gittoes, vice president of supply chain management product strategy at Oracle. “With the new capabilities within Oracle Transportation Management and Oracle Global Trade Management, we are helping organizations streamline logistics to fulfill orders faster, cheaper, and more sustainably to ultimately meet and exceed customer expectations.”
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