AUSTIN, Texas, Jan. 27, 2021 /PRNewswire/ -- To help
organizations increase the efficiency of their global supply
chains, Oracle today announced new logistics capabilities within
Oracle Fusion Cloud Supply Chain & Manufacturing (SCM). The
updates to Oracle Transportation Management (OTM) and Oracle Global
Trade Management (GTM), a part of Oracle Cloud SCM, help customers
reduce costs, make better planning decisions, and improve customer
experience.
"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 an 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, reduce costs associated with unplanned
delays, increase logistics efficiency, and enhance customer
experience.
- Rules of Origin Qualification: Helps customers comply
with rules of origin criteria across hundreds of different trade
agreements.
- Connected Logistics: Helps customers better predict
and manage shipments and inventory, while monitoring location and
conditions (such as temperature and humidity), by connecting
logistic flows between Oracle Transportation Management, Oracle
Warehouse Management (WMS), and Oracle Internet of Things
(IoT).
- Ocean Enhancements: Help customers automate transactions
with ocean carriers, from booking through financial
settlement.
- 3D Load Configuration Editor: Provides customers with
full flexibility in managing container-based shipments and how they
are loaded.
- New Oracle Logistics Digital Assistant
Capabilities: A new accelerated access experience and
enhanced conversational interface helps Oracle Transportation
Management and Oracle Global Trade Management customers easily
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, White Cap (formerly HD Supply). "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, 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."
For additional information on Oracle Cloud SCM applications,
visit Oracle.com/scm or the Oracle Supply Chain Management Blog. To
learn more about how Oracle Transportation Management and Oracle
Global Trade Management can help customers orchestrate the perfect
delivery, go to:
https://www.oracle.com/scm/solutions/order-fulfillment/
To access a guided product tour of Oracle Logistics Machine
Learning, please visit:
https://www.oracle.com/webfolder/s/quicktours/ml/pt-transport-mngmnt-machine-learning/index.html
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 oracle.com.
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SOURCE Oracle