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Oracle Unveils New Logistics Capabilities to Assist Customers in Increasing Supply Chain Efficiency and Profitability
Oracle fusion cloud supply chain & manufacturing's new features help businesses decrease costs, reduce risk, enhance customer experience, and handle interruptions
Fremont, CA: Oracle introduced new logistics management capabilities inside Oracle Fusion Cloud Supply Chain & Manufacturing to assist enterprises in increasing efficiency and value throughout their global supply chains (SCM). Oracle Fusion Cloud Transportation Management and Oracle Fusion Cloud International Trade Management upgrades can assist firms in lowering costs and risk, improving customer experience, and being more adaptive to business challenges.
Oracle Transportation Management and Oracle Global Trade Management are constantly developing to assist enterprises in dealing with logistics management difficulties. Details on the innovative features, which will help clients in improving order fulfillment accuracy, lowering logistical costs, improving the customer experience, and managing risk associated with unanticipated changes throughout their supply chains, are provided below:
• Intelligent Transit Time Predictions
In Oracle Transportation Management, a new machine learning algorithm will allow users to assess the likely impact of macro-level interruptions (such as harsh weather or airport delays) and network-level disruptions (such as labor and capacity shortages). Customers will be able to forecast delivery schedules better and save money on delays, expedited shipments, and extra safety stock as a result of this.
• Multi-Language Digital Assistant
Real-time, multi-lingual feedback functionality within Oracle Logistics Digital Assistant – a key feature along with all Oracle Transportation Management and Oracle Global Trade Management – enables organizations to provide faster and more accurate information and standardize responses to inquiries in the native languages of their customers. Organizations may cut operating expenses and respond to consumers swiftly regardless of geographical location or language by providing high-quality, global customer service without the need for extra IT resources.
The unpredictability from the last two years has generated significant logistics issues for firms as they handle massive variations in supply and demand and substantial interruptions to their distribution channels. It has resulted in growing logistical expenses and a detrimental impact on enterprises' customer connections - in fact, according to a recent Oracle poll, 87 percent of individuals have been adversely impacted by supply chain challenges in the last year.