Introduction to Oracle Transportation Management (OTM)
Oracle Transportation Management (OTM) provides a single platform for the firms to manage all transportation activity throughout their supply Chains. As a result, firms will support the nuances of their international operations while reaping the efficiencies provided by a single transportation management solution.
Oracle Transportation Management (OTM) could be a tool for shippers and logistic providers that gives the transportation planning, execution capabilities, integrates transportation planning, execution, freight payment and the business process of automation on a single application across all modes of the transportations.
Evaluating Oracle Transportation Management(OTM) Vs the Transportation Management Market
The full capability of the report covers seven primary domains, incorporating 268 distinct features and functions. By knowing how well Oracle Transportation Management(OTM) supports these features and functions, we can compare it against the market average. Here’s how it fares in each of the seven modules:
1.Planning: Oracle Transportation Management covers a stunning 100 percent of the Planning functions. This is phenomenal, considering that its competitors average 79 percent coverage of functions and features for this module, and results in an enormous lead for Oracle Transportation Management.
2.Transportation Network Optimization: In the Transportation Network Optimization, Oracle Transportation Management absolutely covers all the functions. This gives Oracle’s software an enormous advantage over other Transportation Management software, which covers an average 53 percent of functions and features for this module. Oracle Transportation Management is a viable option in the Transportation Network Optimization domain.
3.Execution: Oracle Transportation Management supports an impressive hundred percent of Execution functions. Other Transportation Management software on the market averages 85 percent coverage in this module, meaning the Oracle system has an appreciable lead here.
4.Shipment Tracking: Oracle Transportation Management offers hundred percent coverage of Shipment Tracking functions and features. This is exemplary coverage that noticeably surpasses its competitors, which average 85 percent support for this module.
5.Analysis: Oracle Transportation Management supports hundred percent of the attributes. This is remarkable, given that its challengers cover on average 85 percent of Analysis attributes, and amounts to a notable feature for the Oracle software package.
6.System Definition and Implementation: Oracle Transportation Management covers an astounding 99 percent of System Definition and Implementation functionalities. This results in an appreciable feature for the Oracle software system since its competitors cover an average 83 percent of functionalities here.
7.Product Technology: In the Product Technology module, Oracle Transportation Management has good coverage, supporting 72 percent of features. The average support offered by other Transportation Management software systems is 46 percent. This provides Oracle software with an enormous advantage in Product Technology.
Latest Changes and Developments
With the integration, Oracle Transportation Management can be considered the “master system” Includes for the Planning trips. Therefore, certain actions or updates to trips are not allowed in Shipping Execution when they are marked as Included for Planning (issued from the Oracle Transportation Management). For instance, it is not possible to add new stops or change their sequence. Conversely, the Shipping execution is the “master system” for deliveries. Therefore, the majority of actions and updates are permitted. Certain actions have been disabled (for instance Select Carrier and get freight prices) or function differently (assigning a delivery line with non-null weights to delivery mark and delivery as Update Required) or are prevented on Include for Planning deliveries, such as assign to the trip.
Oracle added some new capabilities to its logistic cloud solutions, such as Oracle Transportation Management (OTM) Cloud and Oracle Global Trade Management (GTM) Cloud. The new capabilities are expected to streamline the transportation process, increase the occurrence of perfect order performance, and reduce the order cycle times.
Oracle Transportation Management Market share and opportunities
Designed to support both shippers and logistics service providers (LSPs), Oracle Transportation Management solutions manage all the transportation activity throughout your global supply chain. Combining ease of use with industry-leading capabilities, they enable you to reduce the freight prices, optimize service levels, and automate processes so that you can run your logistics operations more efficiently.
The global transportation management system market is expected to grow from USD 78.20 billion in 2017 to USD 202.14 billion by 2022, at a Compound Annual Growth Rate (CAGR) of 20.9%. The major growth drivers of the transportation management system market include the revolution of industries due to digitalization, population explosion, and increasing congestion in the metro cities.
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