The new updates have been added to Oracle Transportation Management and Oracle Global Trade Management applications, which are a part of Oracle’s Cloud Supply Chain and Manufacturing (SCM) suite. Credit: IDG Oracle is adding new capabilities to its Supply Chain and Manufacturing (SCM) Fusion Cloud to help enterprises manage their logistics. The new features appear in its Oracle Transportation Management and Oracle Global Trade Management applications, and include expanded business intelligence capabilities, enhanced logistics network modelling, a new trade incentive program, and an updated Transportation Management Mobile application. The expanded business intelligence capabilities will allow enterprises to combine transportation and trade data with other operational data in Oracle Fusion Data Intelligence, an updated version of Oracle’s Fusion Analytics Warehouse built for Oracle Fusion Cloud Applications that helps bring together business data, ready-to-use analytics, and prebuilt AI and machine learning (ML) models. The combination of the data along with machine learning models will aid enterprises in making faster decisions around global logistics, the company said in a statement. The enhanced logistics network modelling capability, according to the company, will help logistics managers model different scenarios and compare different scheduling options for drivers. This in turn helps optimizing fleet performance, the company said, adding that enterprises are currently facing many supply chain challenges, including component shortages, disrupted shipping routes, ever-changing global trade agreements, and volatile customer demand. In addition, Oracle has added a new trade incentive program to the suite that will allow enterprises to automate support for multiple country-specific trade programs. “Automating trade documentation helps enteprises eliminate manual processes, improve the accuracy and efficiency of trade program participation, and reduce duty and tax costs,” the company said.On the mobile applications front, the updates to Fusion Cloud SCM include a new iteration of the Oracle Transportation Management application that enables support for third-party transportation service providers and fleet-managed drivers. This enables application users to bid on spot market shipments, capture shipment actuals, and launch maps, Oracle said. Supply chain execution software market to see demand Oracle’s updates to its Fusion Cloud SCM comes at a time when the demand for transportation management software is set to grow. Gartner forecasts that enterprise spend on supply chain execution (SCE) software will rise to $8.8 billion annually in 2026, up from $5.3 billion in 2021. Transportation management software will account for around 26% of that SCE spend, or $2.2 billion, according to the Gartner forecast made in late 2022. North America will account for nearly 62% of global TMS spend by 2026, it said. Last year, Gartner rated Oracle’s Transportation Management software (TMS) ahead of applications from rivals including Blue Yonder, SAP, Manhattan Associates, and One Network Enterprises. Gartner noted that Oracle’s strengths included strong knowledge of the transportation management market and a large ecosystem of complementary software vendors, systems integrators and implementation partners. However, the firm analyst warned potential buyers to ask for more detail on Oracle’s investment in TMS as part of its product roadmap. “While Oracle’s commitment to supply chain products is unquestioned, the significance and alignment of Oracle Fusion Cloud Transportation Management to the overall business of this vendor remains small,” it said. Related content feature Where’s the ROI for AI? CIOs struggle to find it Nearly half of all AI leaders question how to estimate or demonstrate the value of AI-related technologies — and for good reason, based on early implementations at many companies. By Grant Gross May 22, 2024 7 mins Generative AI Business IT Alignment ROI and Metrics feature Is Vietnam the next source for CIO inspiration? As the ICT sector continues to globalize and provide new sourcing options for organizations, Vietnam is emerging as a particularly competitive destination. By Martin Veitch May 22, 2024 7 mins Managed IT Services Digital Transformation Artificial Intelligence brandpost Sponsored by Huawei A Glance at the Intelligent Network Plans from Huawei Analyst Summit 2024 By Chris Barnard May 22, 2024 4 mins Digital Transformation Networking brandpost Sponsored by Cyber NewsWire Memcyco Report Reveals Only 6% Of Brands Can Protect Their Customers From Digital Impersonation Fraud By Cyber NewsWire - Paid Press Release May 21, 2024 4 mins Cyberattacks Security PODCASTS VIDEOS RESOURCES EVENTS SUBSCRIBE TO OUR NEWSLETTER From our editors straight to your inbox Get started by entering your email address below. Please enter a valid email address Subscribe