Oracle Launches Transportation, Global Trade Management Platforms
For Transportation Management 6.4, enhancements include a configurable user workbench for fleet management activities and integrated real-time mapping.Enterprise software giant Oracle announced the release of its Transportation Management and Global Trade Management solutions, designed to help businesses optimize their logistics and global trade compliance operations. The updates to Transportation Management and Oracle Global Trade Management, both versions 6.4, include enhancements in fleet management, transportation sourcing, transportation business intelligence, transportation planning, global trade management and customs management. "International shipping and logistics have become increasingly complex and exposed businesses to potential pitfalls with challenging compliance and customs processes," Derek Gittoes, vice president of supply chain management product strategy for Oracle, told eWEEK. "Consequently, the market needs a single system that enables businesses to manage transportation and trade management requirements on an enterprise-wide level. Oracle saw an opportunity to help its customers tackle the challenge of disparate systems that create a more complicated workflow." New capabilities within Transportation Management 6.4 include an updated user experience that provides transportation planners and customer service representatives with enhanced visibility into planned and in-transit shipment information.
Global Trade Management 6.4 includes a Landed Cost Simulator that helps to enable optimal supplier selection by allowing users to compare the estimated landed cost (ELC) values for different sourcing options, as well as visibility into customs value, duty and tax amounts, and financial benefits of available free trade agreements.