Database management system Oracle is introducing new logistics capabilities within Oracle Fusion Cloud Supply Chain & Manufacturing (SCM) to help organizations increase the efficiency of global supply chains.
The updates to Oracle Transportation Management (OTM) and Oracle Global Trade Management (GTM), part of Oracle Cloud SCM, aim to help customers reduce costs, improve accuracy, automate regulatory compliance, and enhance logistics flexibility.
“Global logistics operations and supply chain system has experienced huge challenges in the last few years,” said Adrian Johnston, senior vice president, Applications, Japan and Asia Pacific Apps, Oracle.
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With factors such as delays, unstable fuel costs, and evolving trade regulations, organizations that don’t have flexible and responsive logistics processes in place often end up passing these delays and costs onto their customers.
“Oracle Transportation Management (OTM) and Oracle Global Trade Management (OGTM) enable organizations to run their logistics operations more efficiently, reduce freight costs and optimize service levels,” Johnston said. “With OTM and OGTM, our customers can rapidly adapt to changes in their supply chain and logistics network. Oracle’s self-updating platform gives customers access to continuous innovation without business disruption.”
The new capabilities within can help customers validate certificates of origin, reduce tariffs, and enter new markets. With a deep view into the bill of materials, Trade Agreement Qualification enables customers to comply with labor regulations and prove where goods were produced via auditable records.
These updates will also allow users to gain insight into the status of their shipments with simple voice commands. With the embedded Logistics Digital Assistant, users can quickly find answers to their questions.
Users can combine data from multiple sources into a single view to streamline operations and enhance decision-making. New templates for driver management, dock scheduling, work assignments, shipment, spot bids, and restricted party screening enable users to manage specific logistics processes more efficiently.
The new Oracle Transportation Management Mobile App enables customers to send assignments to drivers, capture arrival and departure events, and communicate in-transit status and location information. The highly configurable and intuitive app synchronizes offline app data and allows users to execute tasks efficiently no matter where they are.
It will also provide real-time updates and shipment tracking to create accurate predictions for arrival times based on a customer’s unique business operations. With more accurate ETA predictions, customers can take quick action to reroute shipments to enhance operational efficiency.