Oracle improves insights across global supply chains
Oracle has announced a series of logistics management updates to Oracle Supply Chain Management (SCM) Cloud to help organizations design and operate efficient and agile supply chains.
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.
The new updates address the challenges stemming from goods traveling further and faster than ever before, which makes understanding the complexities and interferences more difficult. The ability to understand and manage interruptions, as well as cross-border considerations, can help shippers expedite and simplify global operations management so they take back control of their cargo and freight.
“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,” said Derek Gittoes, VP, SCM Product Strategy, Oracle. “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 organizations analyze and respond to logistics network changes, Oracle has added a new Logistics Network Modeling product to Oracle Logistics Cloud. The new product enables customers to analyze logistics networks using real-time, operational data—all within the context of their own cloud environment. Unlike point solutions that often inaccurately model real-world conditions, Oracle says, Logistics Network Modeling analyzes real production data in the context of a customer’s unique rules, policies, and planning algorithms to show the true impact of change on logistics operations. This enables Oracle customers to enhance decision making and quickly improve agility and profitability.
To help customers lower supply chain costs, reduce supply chain risk, and adapt to evolving trade regulations, Oracle has also updated Oracle Transportation Management Cloud and Oracle Global Trade Management Cloud. The latest updates are aimed at enabling customers to better support trade compliance and customs processes, such as country of origin management, or certificate management associated with trade agreements.
More information is available about Oracle Supply Chain Management (SCM) Cloud.