REDWOOD SHORES, Calif., May 14,
2019 /PRNewswire/ -- To help organizations design and
operate efficient and agile supply chains, Oracle today announced a
series of logistics management updates to Oracle Supply Chain
Management (SCM) Cloud. The updates include a new logistics network
modeling product and enhanced transportation management and global
trade management capabilities. The latest innovations can help
customers drive better business outcomes by enhancing supply chain
responsiveness, optimizing shipments and asset utilization, and
improving productivity across global supply chains.
"Expectations are not only increasing, they also are constantly
evolving. To meet these demands, organizations need customer-driven
supply chains that deliver the agility required to rapidly
respond," said Derek Gittoes, vice
president, SCM Product Strategy, Oracle. "Disruptions due to
customer demand volatility, new product introductions, government
regulation changes, and a host of other factors, leave supply chain
professionals struggling to adapt. To eliminate this guessing game
of how best to respond, we are giving our customers the insights
they need to improve decision making and increase efficiency of
logistics operations."
To help organizations quickly and easily analyze and respond to
logistics network changes, Oracle has added a new Logistics Network
Modeling product to Oracle Logistics Cloud. The new product enables
customers to analyze logistics networks using real-time,
operational data—all within the context of their own cloud
environment. Unlike point solutions that often inaccurately model
real-world conditions, Logistics Network Modeling analyzes real
production data in the context of a customer's unique rules,
policies, and planning algorithms to show the true impact of change
on logistics operations. This enables Oracle customers to enhance
decision making and quickly improve agility and profitability.
"With global trade policies in flux, organizations of all sizes
are struggling to make sense of changing regulations and unstable
global duty rates," said Gittoes. "To help our customers combat
global trade instability and improve efficiency, while lowering
costs and minimizing risk, we have introduced a series of updates
to Oracle Transportation Management Cloud Service and Oracle Global
Trade Management Cloud Service. The latest updates can help our
customers reduce risk and take advantage of preferential trade
contracts and agreements."
To help customers lower supply chain costs, reduce supply chain
risk, and adapt to evolving trade regulations, Oracle has updated
Oracle Transportation Management Cloud and Oracle Global Trade
Management Cloud. The latest updates enable customers to better
support trade compliance and customs processes, such as country of
origin management, or certificate management associated with trade
agreements. The net result is more effective use of preferential
trade agreements, which can lead to lower supply chain costs and
reduced risk.
"Goods are traveling further and faster than ever before, and as
supply chains flatten the globe, understanding the complexities and
interferences that may arise in real-time can be a game changer for
those orchestrating the operations," said Victoria Brown, research director of Global
Supply Chain at IDC. "Furthermore, being able to not only manage
those interruptions, but also the cross-border considerations at
hand, expedites and simplifies global operations management for
shippers helping them take back control of their cargo and
freight."
For additional information on Oracle Supply Chain
Management (SCM) Cloud, visit Facebook, Twitter or the Oracle
SCM blog.
About Oracle
The Oracle Cloud offers a complete suite
of integrated applications for Sales, Service, Marketing, Human
Resources, Finance, Supply Chain and Manufacturing, plus Highly
Automated and Secure Generation 2 Infrastructure featuring the
Oracle Autonomous Database. For more information about Oracle
(NYSE: ORCL), please visit us at oracle.com.
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SOURCE Oracle