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REDWOOD SHORES, Calif., June 26, 2018 /PRNewswire/ -- To assist consumers in the reduction of logistics prices, optimize stock ranges and improve consumer provider, Oracle these days introduced prolonged Oracle Warehouse administration (WMS) Cloud capabilities. The latest global enhancements present heightened inventory visibility through yard management and integration with Oracle stock administration Cloud, as well as improved extensibility with the addition of recent leisure application Programming Interfaces (APIs).
Legacy transportation and warehouse administration techniques are often unable to provide insight into trailers within the yard, which creates a significant gap into visibility that may cause achievement delays. Oracle WMS Cloud yard administration capabilities directly address this challenge, making it less demanding to locate shipments in trailers with the intention to expedite unloading for high precedence inventory.
Oracle Integration provider (ICS) based integrations between Oracle WMS Cloud and Oracle stock administration Cloud will enable Oracle commercial enterprise useful resource Planning (ERP) and supply Chain administration (SCM) Cloud consumers to unexpectedly put in force supply-to-settle and order-to-cash flows to improve business responsiveness. The addition of relaxation internet provider APIs improves extensibility and allows shoppers to customise Oracle WMS Cloud for their certain company and industry wants.
"We have been always running out of stock and obligatory a scalable solution that would convey real-time visibility into inventory to develop their enterprise," referred to Eduardo Gonzalez de Boado Halcon, vp of provide Chain at Supermercados Peruanos, "in view that enforcing Oracle WMS Cloud, their stock outs have reduced via eighty percent and their market share has improved by way of six %, which equates to a lot of earnings."
"state-of-the-art eCommerce driven economy has changed consumer expectations for achievement, and delays or inconsistencies can greatly influence consumer delight and loyalty," talked about Diego Pantoja-Navajas, vp, WMS Product development at Oracle. "The prolonged capabilities to Oracle WMS Cloud permit businesses to gain more suitable visibility of inventory with the intention to put in force more unexpectedly, cut back prices, optimize stock levels and carry constant, terrific client adventure."
The enhancements extra give a boost to Oracle's position as the leader in cloud-primarily based Warehouse management programs, and Transportation management techniques, delivering conclusion-to-conclusion logistics capabilities including Oracle Warehouse management Cloud, Oracle Transportation administration Cloud, and Oracle international change administration Cloud.
The latest improvements to Oracle WMS Cloud include:
further InformationFor additional information on Oracle provide Chain management (SCM) Cloud, talk over with facebook, Twitter or the Oracle SCM weblog.
About OracleThe Oracle Cloud presents comprehensive SaaS application suites for ERP, HCM and CX, plus most reliable-in-class database Platform as a carrier (PaaS) and Infrastructure as a service (IaaS) from information facilities right through the Americas, Europe and Asia. For greater suggestions about Oracle (NYSE: ORCL), please visit us at www.oracle.com.
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The “rising markets” story continues to become greater advanced, say consultants in the cloud-based warehouse administration space. The international powerhouse Oracle, illustrates this with the aid of offering a new inventory device.
To support managerreduce logistics costs, optimize inventory tiers and enrich client service, Oracle currently introduced the release of Oracle Warehouse Cloud. based on spokesmen, the latest international enhancements offer heightened stock visibility via yard management and integration with Oracle inventory management Cloud, in addition to stronger extensibility with the addition of latest relaxation software Programming Interfaces (APIs).
Derek Gittoes, vp, SCM Product method, informed LM in an interview that Oracle WMS Cloud is designed to tackle the need of multiple industries.
“The industries so that it will benefit from these enhancements consist of producers, retailers, wholesale distributors, and logistics service suppliers,” he talked about.
He introduced that Oracle has brought a number of new languages to increase world support for its new offering. These encompass “average chinese,” traditional French, German, Italian, japanese, Korean, Polish, Russian, Thai and Turkish.
“The areas where they see the biggest growth opportunities are in Europe, the middle East, central and South the us,” observed Gittoes.
Legacy transportation and warehouse administration methods are sometimes unable to supply perception into trailers within the yard, which creates a major gap into visibility that may lead to fulfillment delays.
Spokesmen said Oracle WMS Cloud yard administration capabilities directly tackle this challenge, making it more convenient to locate shipments in trailers so as to expedite unloading for top precedence inventory.
Oracle Integration carrier (ICS) based mostly integrations between Oracle WMS Cloud and Oracle inventory management Cloud is designed to enable Oracle commercial enterprise aid Planning (ERP) and provide Chain administration (SCM) Cloud shoppers to rapidly put into effect supply-to-settle and order-to-cash flows to enhance company responsiveness. The addition of relaxation internet provider APIs improves extensibility and permits clients to customize Oracle WMS Cloud for their particular business and trade needs, delivered spoksemen.
“We were continually operating out of inventory and mandatory a scalable solution that would deliver real-time visibility into inventory to develop their business,” referred to Eduardo Gonzalez de Boado Halcon, vice chairman of give Chain at Supermercados Peruanos, “considering the fact that implementing Oracle WMS Cloud, their stock outs have reduced with the aid of eighty percent and their market share has extended by using six percent, which equates to loads of income.”July 5, 2018
Jul 5, 2018
Oracle has extended its Warehouse management (WMS) Cloud capabilities. The newest enhancements present more desirable stock visibility via yard administration and integration with Oracle inventory management Cloud, as well as more advantageous extensibility with the addition of recent leisure software Programming Interfaces (APIs).
in line with Oracle, legacy transportation and warehouse administration methods are often unable to provide perception into trailers in the yard, which creates a big hole into visibility that can lead to achievement delays. Oracle WMS Cloud yard management capabilities tackle this problem, making it more convenient to find shipments in trailers with the intention to expedite unloading for top precedence inventory.
Oracle Integration carrier (ICS) based integrations between Oracle WMS Cloud and Oracle inventory administration Cloud will allow Oracle business useful resource Planning (ERP) and supply Chain administration (SCM) Cloud purchasers to impulsively enforce supply-to-settle and order-to-money flows to enrich enterprise responsiveness. The addition of rest internet provider APIs improves extensibility and allows customers to customise Oracle WMS Cloud for their selected company and industry wants.
Key new Oracle WMS Cloud capabilities consist of:
greater assistance is obtainable from Oracle about Warehouse administration (WMS) Cloud.
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The technology advancements are revolutionizing daily processes for many logistics companies. Modern logistics companies now focus on implementing the right tools that integrate seamlessly, helping them streamline their overall operations, make data-backed decisions, enhance performance, and reduce costs. This is the only way to improve customer satisfaction and stay above the water in the highly competitive logistics industry.
Here are is how the implementation of business intelligence and new technologies can take your logistics company to the next level.Tighter communication and greater transparency
Unless your deliveries have been already performed by driverless cars and your inventory has been managed by automated machines, the communication between your team members still matters. And, this is exactly where technology can help.
For example, there are many workforce management and scheduling tools that will let you optimize your daily tasks efficiently. They help you schedule different deliveries, determine transport routes, and share the information with your employees faster. Most importantly, your employees will be able to report problems, communicate transactions, and check the location of vehicles faster.
Apart from their internal use, there are many tools that improve your business’ communication with your customers. There are many tools that let you integrate different online and offline communication channels, including your phone, email, social networks, and instant messaging apps. There are also multiple order tracking systems that let your customers monitor their order status and delivery progress in real time. Centralized, multi-channel customer support and greater transparency will gain your customers’ trust and increase their experience with your business.Real-time asset and vehicle tracking
Logistics companies now focus on automating and centralizing their asset tracking, inventory organization, and transportation management. And, there are many powerful tools that may automate these processes and increase their overall transparency.
For example, with inventory and asset management software like Zoho Inventory or Orderhive you can stay on top of your stock levels both for your in-house inventory and parts of your supply chain.4 ways to improve your Software as a Service business
The use of fleet tracking software also grows, helping logistics businesses with the entire process of transportation management. Platforms like Linxio provide a full overview of your fleet in real time, informing you about their exact location, current route, and speed. By having greater insights into your fleet management, you will be able to reduce fuel costs and manage your fleet wiser. Above all, you will be able to streamline your entire delivery process, ensuring that your products reach distribution centers and end users on time.With the implementation of AI, logistics gets smarter
Artificial intelligence is not all about robots taking over their jobs. It’s already here and it’s enhancing almost every aspect of their lives, from searching the web to automating their business processes. Given these facts, it’s not surprising that machine learning technologies are gaining ground in the logistics industry, as well.Centralized data analytics
One of the greatest benefits of AI for logistics companies is definitely the easier access to big data that provide us with better insights and help us make smarter decisions.
Not only do the above mentioned tools help logistics businesses streamline their operational processes, but they also provide deeper performance insights. The only problem you may face here is analyzing these massive amounts of data across multiple platforms.
And, this is where supply chain analytics tools step in. They let you integrate data from multiple sources, helping you centralize your key performance data and focus on those metrics that really matter for your business.
With these tools, you will be able to track your business processes efficiently and understand the major patterns related to your operations, customers, and industry trends. They will help you detect the major production problems, determine what your most profitable products are, analyze suppliers, find out how to optimize your production planning and scheduling accuracy, and calculate how much it takes to cater to different customer groups. Supply chain analytics software can also help you understand when your business faces the greatest demand spikes and prepare for this season on time.These 7 tips will help your startup assess and manage risk The automation of the supply chain
Artificial intelligence lets logistics companies automate some repetitive, manual tasks and make room for more creative roles and jobs. Automation will increase your overall operational efficiency on multiple levels, from streamlined warehouse sorting technologies to smarter package labeling.
A perfect example of the implementation of automation in the logistics sector is Port of Rotterdam, also known as the most advanced port in the world. Namely, they’re using automated stacking cranes to unload cargo. Many ports in the U.S. are now using the same technologies to increase operational productivity. By using automated technologies with minimal human intervention, logistics companies will soon be able to maximize their handling performance and minimize operational costs.
Another use of AI in the logistics industry is autonomous trucks. Self-driving vehicles will reduce the truck driver shortage. They are also believed to be more accurate, boosting your delivery times and increasing user satisfaction. Finally, since 90% of crashes in the US are a result of a driver error, replacing long-haul truck drivers with autonomous vehicles will minimize road accidents. Given all these factors, it’s not surprising that a fully automated trucking industry could help businesses save $300 billion.Over to you
Today’s logistics businesses face fierce competition. And, to survive, they need to keep up with the latest technologies that will help them achieve better results in less time. By investing in the abovementioned technology toolkit, you will streamline your businesses operations effortlessly, improve the collaboration between your team members, and increase the overall transparency. Most you will boost user satisfaction and retention.
If you could receive customer payments faster, how would your business improve?
Many small businesses struggle with cash collections and finding enough cash to operate each month can be a challenge. Speeding up cash collections, even by a day or two, can have a meaningful impact on your financials.
Use these tips to understand your cash inflows and outflows, and the steps you can take to improve your cash management, including the use of technology to receive payments faster:Where Your Cash Goes
It's a common problem.
You start the year with a positive cash balance and generate a profit for the year. However, when you then check the bank balance at the end of the year, the ending cash balance is lower than where the company started.
So where did the cash go?Accounts Receivable
Accounts receivable and inventory accounts can tie up a large amount of cash, and even a profitable company can struggle to collect these dollar amounts. When the cash does come in, you have to satisfy accounts payable:
This balance represents the dollar amount of credit sales that are not collected in cash. In short, it is the money you are owed. Adding new customers may cause accounts receivable to increase quickly, which can lead to a cash shortage.
Assume you generate $1 million in credit sales, and the average customer pays in 30 days. Now you increase credit sales to $1.2 million in 2018, but the average customer pays in 45 days.
In most cases, accounts receivable increase, because the new customers pay more slowly, on average. While your business generates $100,000 in credit sales per month in 2018, it took 15 more days, on average, for customers to pay.
The growing accounts receivable balance means that cash inflows are slower, and you may not be able to generate sufficient cash to operate each month. Increasing credit sales also means higher costs, and you need cash to pay for the higher costs.Inventory
As sales increase, so will the dollar of inventory needed to fill customer orders. If your firm is growing, you may be spending more on inventory each month, which can also lead to a cash shortage.
To maintain a sufficient level of cash, you must keep an eye on the accounts receivable and inventory balances, and take steps to limit the dollars tied up in these accounts.Accounts Payable
You also need cash to make payroll, pay vendors, and possibly for debt payments.
Your accounts payable balance represents bills you must pay within 12 months, and that balance is a current liability. If cash inflows are insufficient, you may need to access a line of credit or raise more capital through a stock or bond offeringCurrent versus Non-Current
Assets and liabilities are either current or non-current, and these classifications have a big impact on cash management.
A current asset represents cash or an asset that will be converted into cash within 12 months. Accounts receivable balances and inventory are current assets. On the other hand, fixed assets, such as machinery and equipment, are non-current assets that will be used for years.
The most pressing cash management need for a business owner is to collect current assets in cash so that current liabilities can be paid. Planning your long-term cash needs is important, but you need to address any short-term cash problems now, in order to keep your doors open.
Now that we've discussed the parts of cash management lets talk about ways to improve it. Here are some strategies to improve cash flow management.How to Get Paid
The big "users" of cash in your business are accounts receivable and inventory, and you can use these strategies to collect cash faster:1. Create a collection policy.
Enforce a formal collection policy to manage your accounts receivable balance.
Your accounting software should provide an aging schedule for accounts receivable, which groups your receivables based on when each invoice was issued. You should monitor this report and implement a collections process to email and possibly call clients to ask for payment.2. Offer discounts.
Offer customers a discount, if they pay an invoice within 10 days. Sure, you'll collect slightly less cash, but some customers will pay faster, which improves your cash inflows.
You could offer customers a 5 percent discount if they pay within 10 days of receiving the invoice. You may lose 5 percent of the revenue generated, but collecting cash sooner may eliminate the need to borrow money-- and pay interest costs.3. Develop smart inventory management.
Managing inventory is a balancing act.
If your business is manufacturing, you may keep a supply of finished items on hand as inventory. Carrying an inventory balance allows you to quickly fill orders so that clients don't have to wait.
But you want to minimize the dollars tied up in inventory while making sure not to lose a potential sale.
Smart inventory management requires time and effort. You will need to analyze the dollar amount of inventory carried in past years, the sales generated, and the number of sales lost due to a stockout (when an inventory item is out of stock). This analysis can help estimate the dollar amount of inventory needed.
Another tip for inventory management; develop a strong relationship with your largest customers. Understanding the future needs of your biggest clients allows you to preplan your own inventory needs.4. Invest in better systems.
Every business should use technology to collect cash faster, including software tools that speed up the time it takes to transfer payments into the company bank account. If you can speed up cash inflows by just a few days, you can dramatically improve your cash position. (Self-employed? Use this tool to estimate your taxes.)
Improving your cash management system requires time and effort, but your work will pay off. Use these tips to forecast your cash needs, speed up cash collections, and avoid borrowing money to operate your business.
To learn more, check out this ultimate guide to accounting.
This article originally appeared on the Quickbooks Resource Center and was syndicated by MediaFeed.org.
Artificial intelligence is taking up the pace when it comes to global logistics and supply chain management. As per a number of executives from the transportation industry, these fields are expected to go through a more significant transformation. The on-going evolution in the areas of technologies like artificial intelligence, machine learning, and similar new technologies is said to possess the potential to bring in disruption and lead innovation within these industries.
Artificial intelligence comes with computing techniques which helps to select large quantities of data that is collected from logistics and supply chain. You can put such methods to use, and they can be analyzed to get results which can initiate processes and complex functions.
Many organizations have now been benefitted with investments in artificial intelligence. As per Adobe, currently, 15% have already started to use AI while other 31% plans to have them implemented in 2019. Some of the areas from which revenue can be generated are research and development, product innovation, supply chain operations, and customer service.Impact of artificial intelligence in Logistics Predictive capabilities will rise.
The efficiencies of the company in the areas of network planning and predictive demand are getting improved with AI capabilities. Companies get to become more proactive by having a tool which can help with capacity planning and accurate demand forecasting. When they know what the market expects, they can quickly move the vehicles to the areas with more demand and thereby bring down the operational costs.
To avoid risks, anticipate events and come up with solutions, now techs are using data. The data helps companies to use their resources in the right way for maximum benefits, and artificial intelligence helps them with it more accurate and faster manner.Robotics.
You cannot talk about artificial intelligence without mentioning robotics. Even though robotics is considered as a futuristic technology concept, the supply chain already makes use of it. They are used to track, locate and move inventory within the warehouses. Such robots come with deep learning algorithms which helps the robots make autonomous decisions regarding the different processes that are performed in the warehouse.Big data.
Apart from robots, artificial intelligence is also about big data. For the logistics companies, Big Data helps to optimize future performance and forecast accurate outlooks better than ever. When the insights of Big Data are used along with artificial intelligence, it helps to improve different areas of supply chain like supply chain transparency and route optimization.
For AI in the logistics industry, coming up with clean data is a huge step, and they cannot implement without having such usable figures. It is not easy to measure efficiency as data comes from different sources. At the source level it is not possible to improve such data, and so algorithms are used to analyze data, enhance the quality of data, identify issues to attain transparency which can be used for business benefits.Computer vision.
When you are moving cargo across the world, it is always good to have a pair of eyes to monitor, and it can be best when it comes with state-of-the-art technology. Now you can see things in a new way by using computer vision which is based on artificial intelligence for the logistics.Autonomous vehicles.
Autonomous vehicles are the next big thing that artificial intelligence offers the supply chain. Having driverless trucks can take a while, but the logistics industry is now making use of high-tech driving to increase efficiency and safety. The significant change is expected in this industry in terms of assisted braking, lane-assist, and highway autopilot.
In order to achieve lower fuel consumption, better-driving systems are coming up which works on to bring together multiple trucks to have formations. Computers control such formations and they are connected with one another too. Such kind of configuration is said to help the trucks save fuel distinctively.Impact of artificial intelligence (AI) in Supply Chain. AI offers contextual intelligence.
AI provides the supply chain with contextual intelligence which can be used by them to reduce the operating costs and manage inventory. The contextual information helps them to get back to the clients quickly.
Companies make use of AI along with machine learning to get new insights into different areas which include warehouse management, logistics and supply chain management. Some of the technologies used in these areas are AI-powered Visual Inspection to identify damage and carry out needed correction by taking photos of the cargo by using special cameras and Intelligent Robotic Sorting to sort palletized shipments, parcels and letters.AI offers insights to boost productivity.
By making use of AI in supply chain management, it is possible to analyze its performance and come up with new factors which impacts the same area. In order to find the factors and issues which affects the performance of the supply chain, AI combines the capabilities of different technologies like reinforcement learning, unsupervised learning and supervised learning.AI helps with demand forecasting by analyzing large volumes of data.
AI makes it possible to measure and track all the factors which can work towards offering accuracy in demand forecasting. Based on the weather, real-time sales and other factors, it provides continuous forecasts in a loop. Such kind of information can help with automated sorting, improving warehouse management, self-management of inventory systems and forklifts that are self-driving.AI can help with improving the selection of the supplier and its effectiveness.
AI can analyze the data related to the supplier like audits, in-full delivery performance, credit scoring, evaluations and based on that deliver information which can be used to make future decisions. This kind of step helps the company make better decisions as a supplier and work towards improving customer service.AI helps to improve the customer experience.
As per Pega, 38 percent of consumers believe that AI can enhance customer service. AI personalizes the relationship of customers with logistics providers. Customers can now make use of voice-based service to track their shipment. In case any issues come up when the customer will be redirected to the customer assistance team.AI improves factory scheduling and production planning.
With the introduction of AI now companies can work on enhancing factory scheduling and production planning. They can work on to analyze the different issues and then optimize them. With AI having the power to balance constraints this can work well for build-to-order situations automatically.Impact of artificial intelligence in Transportation.
Issues in transportation arise when system behavior is hard to form based on the predictable pattern which is affected by human errors, traffic or accidents. In such situations, AI can come to your rescue. AI predicts decisions based on data analysis. AI is now implemented in a number of ways across the transportation industry, and some have been explained below:Corporate decision making.
By making use of AI methods, the fright transport system can make use of prediction methods to know about their volume in order to simplify planning for the transport company. Moreover, it is possible to design a number of decision-making tools which can be run by AI. Such kind of investments in AI will help the companies in the future in a better way.Improvement in public safety.
By real-time tracking of crime data in the urban areas, it has become possible to ensure the safety of the people who are making use of public transport. Such kind of data can be used by the police to make their patrolling efforts efficient and work towards ensuring the safety of the people.Autonomous vehicles.
Over the last many years self-driven cars and trucks have been a thing of interest for people. To boost productivity and decrease the instances of accidents over highways, Elon Musk and Uber have developed self-driving trucks.Safety of pedestrians.
It is possible to decrease injuries and traffic accidents by predicting the path of cyclists and pedestrians. Gaging traffic information allows for reducing overall emissions and various transportation usage.Traffic patterns.
The traffic flow is said to affect transport significantly. When the data related to traffic is used for traffic management by making use of AI, then such information can be used to dramatically reduce the congestion in traffic as well as streamline it. Today a number of AI-based solutions are used to build smarter traffic solutions, and they are said to play their roles effectively.Summary
With recent breakthroughs in technologies like big data and machine learning algorithms, in the future, AI is said to come up with unusual solutions in the supply chain, logistics and transportation industries.Kritika Pndey Senior Marketing Executive
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