Oracle Unveils Enhanced Logistics Capabilities to Boost Supply Chain Efficiency

India, Feb 19, 2024: Oracle, a global leader in cloud applications and platform services, has announced the launch of new logistics capabilities within Oracle Fusion Cloud Supply Chain & Manufacturing (SCM) to empower organizations in optimizing their global supply chains. The latest updates to Oracle Transportation Management and Oracle Global Trade Management, integrated within Oracle Cloud SCM, aim to enhance visibility, reduce costs, automate compliance, and facilitate informed decision-making for logistics professionals.

In today’s dynamic business landscape, organizations encounter various supply chain challenges, including component shortages, disrupted shipping routes, evolving trade agreements, and fluctuating customer demand. To address these challenges effectively, logistics professionals require agile processes and tools to navigate regulatory compliance, minimize trade bottlenecks, and mitigate shipping disruptions efficiently.

Srini Rajagopal, Vice President of Logistics Product Strategy at Oracle, emphasized, “The resilience of global logistics operations has been put to the test in recent years, and many organizations have struggled to adapt to ongoing disruptions. With Oracle Cloud SCM, organizations can seamlessly manage transportation, global trade, and distribution processes, enabling them to enhance operational speed, accuracy, and service levels while ensuring compliance and mitigating supply chain disruptions.”

The new capabilities within Oracle Transportation Management and Oracle Global Trade Management include:

Expanded Business Intelligence Capabilities: Enables organizations to integrate transportation and trade data with other operational data in Oracle Fusion Data Intelligence, providing a comprehensive, real-time view of the business to improve decision-making and logistics performance.

Enhanced Logistics Network Modeling: Allows logistics managers to model different scenarios and compare scheduling options for drivers, enabling quick evaluation of schedules and optimization of fleet performance.

New Trade Incentive Program: Automates support for multiple country-specific trade programs, reducing manual processes, improving accuracy, and minimizing duty and tax costs.

Updated Oracle Transportation Management Mobile App: Supports third-party transportation service providers and fleet-managed drivers, enhancing the efficiency of logistics operations with improved functionality and configurability.

Improved Workbenches: Facilitate the creation of highly configurable workbenches for logistics managers, offering personalized views of operations to increase productivity and inform business decisions.

The enhancements aim to streamline logistics operations, improve supply chain visibility, and enhance productivity for organizations across industries. Testimonials from global businesses like KPMG and Apollo Tyres underscore the transformative impact of Oracle’s logistics solutions in driving efficiency and reducing costs.

Oracle Cloud SCM continues to evolve with quarterly updates, empowering organizations to build resilient supply networks and agile processes to navigate market dynamics effectively.