MUMBAI – Oracle announced new logistics capabilities within Oracle Fusion Cloud Supply Chain & Manufacturing (SCM) to help organizations improve the efficiency of global supply chains. Updates to Oracle Transportation Management and Oracle Global Trade Management, integral parts of Oracle Cloud SCM, aim to optimize logistics operations by increasing visibility, reducing costs, automating regulatory compliance and improving decision making.
The improvements come as companies around the world grapple with a variety of supply chain challenges, from component shortages and disrupted shipping routes, to fluctuating global trade agreements and volatile customer demands. Oracle’s latest capabilities are designed to enable logistics professionals to manage transportation, global trade and distribution processes more effectively, thereby improving operational speed and accuracy, optimizing service levels and mitigating the impact of disruptions of the supply chain.
Key updates include expanded Business Intelligence capabilities, which enable customers to merge transportation and trade data with other operational data in Oracle Fusion Data Intelligence, providing a comprehensive, real-time view of the business. Advanced logistics network modeling helps logistics managers simulate various scenarios and scheduling options for drivers, improving fleet performance. A new trade incentive program automates support for country-specific trade programs, reducing manual processes and tax and tax costs.
Additionally, the updated Oracle Transportation Management mobile app now supports third-party transportation providers and fleet-managed drivers, offering features such as bidding for shipments on the spot market and capturing shipment details. Improved workbenches provide logistics managers with a single, configurable view of operations, increasing productivity and facilitating better business decisions.
Organizations such as KPMG and Apollo Tires have already experienced the benefits of Oracle’s SCM solutions. KPMG has improved visibility and management of global trade deals, while Apollo Tires has seen increased productivity and reduced freight processing times.
This announcement is based on a press release from Oracle.
Insights on InvestingPro
In light of Oracle’s announcement about improving its SCM capabilities, it is worth considering the company’s financial health and market position. Oracle Corporation (NYSE:) has demonstrated a commitment to returning value to shareholders, as evidenced by a decade-long streak of dividend increases, reflecting its financial stability and consistent performance. This is in line with the company’s strategy to invest in product development, which could drive future growth.
InvestingPro data shows that Oracle has a solid market capitalization of $318.44 billion, reflecting its significant presence in the industry. Despite a high P/E ratio of 31.12, indicating a premium valuation over near-term earnings growth, the company’s revenue growth over the trailing twelve months as of Q2 2024 stands at a solid 12, 06%. This growth is critical for the company as it continues to expand its cloud-based solutions and enhance its SCM offerings.
Additionally, as a major player in the software industry, Oracle’s strategic enhancements to its SCM suite could further solidify its position in the market. However, with a price-to-book ratio of 82.39, investors value the company highly relative to its net worth, which may reflect Oracle’s strong brand and market share in the software industry.
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