Oracle, a leading provider of Cloud services, is introducing new logistics features to its Fusion Cloud Supply Chain and Manufacturers (SCM) offerings. It will assist customers in reducing costs, improving accuracy, and automating regulatory compliance.
Logistics leaders are overwhelmed with the recent surge in Port and shipping delays, changing fuel prices, and evolving trade regulations, in addition to being at the forefront of initiatives to minimise carbon emissions of goods in transit.
The Vice President of Oracle SCM product strategy, Derek Gittoes said, the last few years tested the flexibility of worldwide logistics operations and many organisations have needed help to keep up with the changing market. Organizations can quickly adapt to changes in their supply chain and logistics network because of Oracle Transportation Management and Oracle Global Trade Management.
Oracle’s new logistic feature will assist customers in reducing costs, improving accuracy, and automating regulatory compliance
The improved capabilities assist customers to validate certificates of origin, lowering tariffs and entering new markets. With a detailed understanding of the bill of materials, Trade Agreement Qualification allows customers to comply with labour regulations and prove where goods were produced through auditable records. As an increasing number of Indian enterprises continue to expand internationally the ability to adapt quickly to changing demand, supply, and market conditions can be a significant competitive advantage. With new logistics capabilities, supply chain experts will provide real-time insights across the entire supply network to make essential business decisions and confidently respond to any global change.
The improved capabilities assist customers to validate certificates of origin, lowering tariffs and entering new markets
New capabilities of Oracle Transportation Management and Oracle Global Trade Management include-
An Automated Trade Agreements Qualification that helps customers verify the certificate of origin, lower tariffs and enter new markets. Another capability is New Oracle Logistics’ Digital Assistant Capability, with these capabilities customers can track their orders and the status of their shipments with simple voice commands. With embedded Logistics Digital Assistant, users can obtain answers to their queries. Next is the New Oracle Transportation Management Mobile Application that will allow users to send assignments to drivers to capture arrival & departure information, communicate in-transit status, and share their location information. The highly configurable and intuitive app synchronises offline application data and enables users to execute tasks efficiently no matter where they are. And last is ETA Predictions with Machine Learning which offer real-time updates and shipment tracking to create specific predictions for arrival times based on a customer’s unique business operations. With more accurate ETA Predictions, customers can re-route shipments pretty quickly to enhance operational efficiency.
An American company Oracle is a leading cloud service provider globally. The company is based in Austin, Texas. Oracle is the 3rd largest software company globally by revenue and market capitalization.