Oracle has introduced new logistics capabilities within Oracle Fusion Cloud Supply Chain and Manufacturing (SCM) to help organizations increase the efficiency of global supply chains.
The updates to Oracle Transportation Management and Oracle Global Trade Management aim to assist customers optimize logistics operations by increasing visibility, reducing costs, automating regulatory compliance and improving decision-making.
As companies face significant supply chain challenges – from component shortages to disrupted shipping routes, changing global trade agreements and volatile customer demand, smarter approaches in this field are in high demand.
To quickly adapt their supply chains to the changing global business environment, logistics professionals could benefit from agile and efficient processes to help them successfully navigate regulatory compliance, reduce the likelihood of trade bottlenecks and mitigate the impact of ongoing shipping disruptions.
Srini Rajagopal, vice president of logistics product strategy at Oracle, commented: “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.
“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 additions within Oracle Transportation Management and Oracle Global Trade Management include expanded business intelligence capabilities to help customers combine transportation and trade data with other operational data in Oracle Fusion Data Intelligence; and enhanced Logistics Network Modeling, which helps logistics managers model scenarios and compare different scheduling options for drivers.
The recent additions also include a new trade incentive program that enables customers to automate support for multiple country-specific trade programs simultaneously; an updated Oracle Transportation Management Mobile App – to support third-party transportation service providers and fleet-managed drivers; as well as improved workbenches – helping logistics managers create highly configurable workbenches that provide a single view of operations.
“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 of tax, international tax, trade and customs at 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 the new features added every quarter, Oracle Cloud SCM aims to help customers create a resilient supply network and processes that outpace change.
Satish Sharma, president of APMEA at Apollo Tyres, said: “With Oracle, we have been able to increase productivity and reduce time to process freight expenses significantly.
“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 Fusion Cloud Applications Suite was also recently chosen by Minnesota-based company North Memorial Health to help the USA health provider streamline finance, supply chain and HR processes while reducing costs and improving the employee and patient experience.
To deliver an enhanced and connected experience, North Memorial Health decided to replace its 14 various business systems with one cloud suite of applications.