New Oracle Enhancement Is Designed to Ease Global Transportation and Trade Compliance Processes

In anticipation of more supply chain complexity, Oracle has announced a broad set of market-driven enhancements to its “Logistics Cloud” offerings. According to spokesmen, this will enable managers to streamline global transportation and trade compliance processes.

Under constant pressure to deliver goods faster, organizations may take advantage of the latest release of Oracle Logistics Cloud to streamline transportation processes, increase the occurrence of perfect order performance and reduce order cycle times.

The new capabilities promise to also help supply chain managers speed up delivery across all modes of domestic and international transport.

The latest release of Oracle Logistics Cloud includes new capabilities in both Oracle Transportation Management (OTM) Cloud and Oracle Global Trade Management (GTM) Cloud. The latest innovations help logistics, global trade and supply chain professionals achieve regulatory compliance by creating a more efficient logistics network that provides complete visibility and control over all orders and shipments. Built as a native trade and transportation platform, Oracle Logistics Cloud provides a unified, cloud-based solution for managing all aspects of a global logistics network.

Derek Gittoes, vice president of supply chain management product strategy at Oracle told SCMR in an interview that the new offering permits companies to import from and export to any jurisdiction by providing capabilities to define and enforce both internal corporate policies and government mandated regulatory requirements.

“The regulatory requirements can span multiple jurisdictions. For example, a US-based organization exporting products from Singapore needs to apply both US- and Singapore-based trade regulations,” he said. “The systematic and automated enforcement of these policies minimizes the organization’s exposure to risk associated with trade compliance issues.”

Built for the cloud, the latest releases of Oracle Transportation Management Cloud and Oracle Global Trade Management Cloud introduce intuitive user experience enhancements that provide users with the vital information needed for decision making on the device of their choice.

With the Logistics Adaptor in Oracle Integration Cloud Services (ICS), managers can deploy Logistics Cloud quicker and easier with products such as Oracle Supply Chain Management (SCM) Cloud and Oracle Enterprise Resource Planning (ERP) Cloud to enable an end-to-end order-to-cash solution in the cloud.

Additional features include:

• Broad support for import, export, and transit declarations to ease the process of preparing customs declarations for users
• New fleet management capabilities effectively manage private and dedicated fleet and carrier resources, allowing increased utilization and cost savings
• New rate maintenance features enable customers to insert and update freight rates in a simpler manner than ever before through spreadsheet importing and exporting capabilities
• Advances in 3D load configuration, which help organizations optimize the packing of trailers and containers, improve equipment utilization and reduce the number of trucks needed to move goods
• Enhancements in dock scheduling capabilities streamline and simplify the dock appointment process

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