Oracle updates logistics management on supply chain cloud
May 21, 2019
To help organisations design and operate efficient and agile supply chains, Oracle has announced logistics management updates to its SCM supply chain management cloud.
The updates include a logistics network modelling product and enhanced transportation management and global trade management capabilities. These can help users drive better business outcomes by enhancing supply chain responsiveness, optimising shipments and asset use, and improving productivity across global supply chains.
"Expectations are not only increasing, they also are constantly evolving," said Derek Gittoes, vice president at California-based Oracle. “To meet these demands, organisations 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. 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 organisations quickly and easily analyse and respond to logistics network changes, Oracle has added a logistics network modelling product to its logistics cloud. The product lets users analyse logistics networks using real-time, operational data, all within the context of their own cloud environment.
Unlike point offerings that often inaccurately model real-world conditions, logistics network modelling analyses real production data in the context of a user's unique rules, policies and planning algorithms to show the true impact of change on logistics operations. This lets them enhance decision-making and quickly improve agility and profitability.
"With global trade policies in flux, organisations 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 minimising risk, we have introduced a series of updates to Oracle’s transportation management cloud service and 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 lower supply chain costs, reduce supply chain risk and adapt to evolving trade regulations, the latest updates helps users 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 travelling 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."