Oracle, a supply chain technology company, is adding new logistics capabilities to its Oracle Fusion Cloud Supply Chain & Manufacturing. The company said these updates to its management platforms will help fleets be part of more efficient supply chains.
There have been more disruptions and challenges in global logistics operations in recent years, according to Srini Rajagopal, VP of logistics product strategy at Oracle. Oracle Cloud can help fleets and manufacturers handle these problems by increasing visibility, reducing costs, automating regulatory compliance, and improving decision-making.
Oracle Transportation Management and Global Trade Management platforms “are both best in class, very robust, broad, and deep applications that help both shippers and logistics service providers manage the transportation of goods,” Rajagopal told FleetOwner of the company’s management platforms. “The advantage of having both of those capabilities in one platform is when you ship goods, you have to manage the logistics of the physical flow of those goods. But when you cross country borders, you also have to account for all the trade regulations that come with that … And being able to do that in one app is very powerful because now you’re able to coordinate everything perfectly.”
See also: The importance of visibility
The new capabilities within OTM and GTM include:
- Expanded business intelligence capabilities: Enables customers to combine transportation and trade data with other operational data in Oracle Fusion Data Intelligence. The data helps organizations improve decision-making and global logistics performance by providing a real-time view of the business.
- Enhanced logistics network modeling: Helps logistics managers model different scenarios and compare different driver scheduling options. The enhanced Logistics Network Modeling capabilities help organizations quickly evaluate schedules, improve assignment decisions, and optimize fleet performance.
- New trade incentive program: Enables customers to automate support for multiple country-specific trade programs simultaneously. Automating trade documentation helps organizations reduce manual processes, improve the accuracy and efficiency of trade program participation, and reduce duty and tax costs.
- Updated Oracle Transportation Management mobile app: Support for third-party transportation service providers and fleet-managed drivers enables app users to bid on spot market shipments, capture shipment actuals, and launch maps. The app’s added functionality and configurability helps improve logistics operations’ efficiency by providing users with a more intuitive and personalized experience.
- Improved workbenches: Help logistics managers quickly and easily create configurable workbenches that provide a single view of operations. New workbench personalization and data visualization features help organizations increase productivity and improve business decisions.
“There is a lot of capability in the product in general for fleet management,” Rajagopal told FleetOwner. “Whether you’re a shipper who has either your own fleet or a dedicated fleet, and you want to utilize that fleet as part of your fulfillment strategy, we give you the ability to do all of that and fully, effectively use your fleet cable capabilities to make shipments happen.”
