To help organizations design and operate efficient and agile supply chains, Oracle has 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.
Said Derek Gittoes, vice president, SCM Product Strategy, Oracle: “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.
“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.
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“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.”
The new product enables customers to analyze logistics networks using real-time, operational data—all within the context of their own cloud environment.
This enables Oracle customers to enhance decision making and quickly improve agility and profitability.
Said Gittoes: “With global trade policies in flux, organizations of all sizes are struggling to make sense of changing regulations and unstable global duty rates.
“The latest updates can help our customers reduce risk and take advantage of preferential trade contracts and agreements.”
Oracle has also 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.