Joan Lim, Product Marketing for Oracle Supply Chain Management (SCM) Cloud, presented at COLLABORATE 19 about important considerations to keep in mind when moving to the Cloud and how Oracle Logistics Cloud enables customers to become future-ready through improving global visibility, optimizing operations, orchestrating processes, and achieving better business outcomes.
With supply chains continuously evolving and becoming more complex, the future of your business depends on your ability to adapt and support changing customer demands and fulfillment options.
How to Improve Logistics and Fulfillment
According to interviews with 522 supply chain managers, Oracle found that there are three areas that are considered important when thinking about a long-term logistics strategy:
- Maintaining high levels of customer service
- Lowering costs
- Improving efficiencies and productivity in logistics operations
Additionally, these interviews revealed that the top three aspects that supply chain managers believe need to be improved include:
- Understanding and controlling costs
- Shipment planning—rates, routes, modes, load consolidation, etc.
- In-transit visibility
Today, there are several challenges in supply chain and logistics. Expanding demand and fulfillment options by being ready and able to capture and fulfill and ship orders anywhere and at any time is one challenge. Time to market pressure and customization is another challenge. Some additional challenges include shrinking product life cycles, more new product introductions, ensuring that global shipments meet all compliance rules, and maintaining satisfied customers by making goods readily available.
Supply chains are affected by constant disruptions like society, competitors, technology, business models, and government. There are four P’s – four core items that will impact your supply chain:
How Oracle Logistics Cloud Can Help
The best place to start is by presenting end-to-end logistics. Customers can leverage Oracle Logistics Cloud to grow from siloed products to full SCM transformation.
The key is to leverage the power of the Cloud. Oracle enables a safe passage to the Cloud.
You can simplify your Cloud Migration with Oracle Soar. Oracle Soar combines time-proven Cloud methodology and automated migration utilities to help customers migrate to the Cloud with up to 30 percent reduced time and cost. It provides faster time to value, reduced risk, and increased transparency.
Oracle Logistics Cloud will help you:
- Increase perfect order fulfillment
- Decrease supply chain costs
- Improve efficiency
- Adapt to disruptions
Oracle Transportation Management Cloud
You can also utilize Oracle Transportation Management Cloud to optimize the shipment of goods across the global supply chain. Oracle Transportation Management Cloud is end-to-end and helps with planning, executing, and settling through the utilization of Transportation Management, Transportation Operational Planning, Freight Payment, Billing, and Claims, and Transportation Intelligence.
Benefits of utilizing Oracle Transportation Management Cloud include:
- Reduction of freight costs
- Improvement of supply chain visibility
- Increase in on-time delivery
- Increase in logistics efficiency
Oracle Transportation Operational Planning Cloud
Oracle Transportation Operational Planning Cloud minimizes costs, optimizes service and increases margins. It goes from simple to complex by supporting a wide range of optimization needs and using rules-based routing guides for cost and constraint-based optimization. It goes from local to global by simultaneously planning international and domestic moves and plan all flows inbound, outbound, and inter-facility. Transportation Operational Planning Cloud also utilizes multi-leg, multi-mode route optimization. It also optimizes shipments by optimizing mode, carrier, route, equipment, and consolidation.
Oracle Global Trade Management Cloud
Oracle Global Trade Management Cloud is used to accelerate cross-border trade across the global supply chain. It is utilized to classify, comply, and execute through the use of Global Trade Management, Trade Compliance, Customs Management, and Global Trade Intelligence.
Using Oracle Global Trade Management Cloud enforces import and export compliance, improves supply chain reliability, reduces order cycle time, and lowers total landed costs.
Global Trade Management is the processes involved with move goods, information, and money across geographical and fiscal borders and between parties. It typically starts with a Purchase Order or Sales Order and includes functional groups and external parties. There are over 600 laws and regulations pertaining to Global Trade Management, and there are 25 entities and 35 documents in a typical transaction.
Global Trade Management remains a manual process. In many key areas, most companies have no automated capability. This creates competitive risk, profit risk, and regulatory risk. Competitive risk involves a more efficient and effective logistics network with a competitive advantage. Profit risk is more tightly managed trade practices that result in improved margins through cost savings. Regulatory risks are fines and other costs implications surrounding an inefficiently run trade operation.
Global Trade Management Cloud is a single platform to manage worldwide trade through Product Classification, Restricted Party and Sanction Screening, Landed Cost Simulator, and Content Management. Product Classification classifies products for global import and export and analyzes related duties, taxes, and regulations. Restricted Party and Sanction Screening screens parties against government lists and screens transactions for sanctions and embargoes. Landed Cost Simulator analyzes scenarios to determine the best sourcing options and includes duties, taxes, transportation, and more. Content Management manages global regulatory content in a single system and manages tariffs, export control lists, munitions and more.
In regard to Trade Agreements, Global Trade Management Cloud provides Origin Management, Trade Program Eligibility Screening, and Campaign Management. You can manage the country of origin and differentiate the origin by Inventory Organization and Trading Partner for multi-sourcing. Users are able to screen items for potential duty savings and analyze items for Trade Programs. Global Trade Management Cloud also allows you to solicit suppliers with large scale campaigns and run large scale campaigns to gather origin and certificates from suppliers.
Oracle Warehouse Management Cloud
Oracle Warehouse Management Cloud optimizes warehouse resources and fulfillment efficiency. It helps receive, move, and ship through the use of Warehouse Management Enterprise Edition Cloud Service, Warehouse Management Automation Cloud Service, and Warehouse Workforce Management Cloud Service. It increases labor productivity, improves customer satisfaction, improves space utilization, and improves inventory visibility.
Oracle Warehouse Management Business Intelligence Cloud provides inventory visibility, analyzes warehouse throughput, monitors warehouse operations, and provides end user reporting.
Oracle Warehouse Workforce Management Cloud allows you to set goals, measure actuals, and analyze manpower.
Warehouse Management Administration has many functions. It provides full support for multiple clients and multiple locations and enforces best practices with check digits on dock doors and stock locations. It provides end-to-end support for material handling units and creates configurable, rule-based directed warehouse tasks. It also has a label designer. Additional functionalities for this are Inbound Operations, Inventory Operations, Outbound Operations, Store Distribution Management, and Yard Management.
Oracle Logistics Network Modelling Cloud defines, optimizes, analyzes and compares logistics scenarios. It also simulates performance by using real-world data. It is an intrinsic part of Oracle Transportation Management for seamless execution.
To learn more about Oracle SCM Cloud, Oracle Logistics Cloud, and other Oracle Cloud offerings, check out the full COLLABORATE 19 presentation attached below.