Oracle, the enterprise software company, has introduced new trade management features within its Oracle Fusion Cloud Supply Chain & Manufacturing (SCM) platform to support organizations navigating increasingly complex global trade dynamics. These enhancements, now available through Oracle Fusion Cloud Global Trade Management, aim to help businesses better manage tariffs, international trade agreements, and cross-border supply chain operations.
Chris Leone, Executive Vice President of Applications Development at Oracle, highlighted the urgent need for adaptive tools amid evolving trade policies. “Supply chain leaders are rising to the moment by seeking new ways to manage their business with global trade agreements and international tariffs in a state of flux,” he said. “We’ve added capabilities that enable quick responses to changes, helping minimise disruption and maintain control over global operations.”
The updates include AI-powered product classification, enabling logistics teams to accurately classify products based on tariff and export control lists using machine learning. New functionality also supports U.S. foreign trade zones, allowing businesses to defer or reduce duties by managing inventory status and generating compliance reports.
Additionally, the system now offers tools for managing trade incentive programs, helping track goods from import to export to leverage duty drawback schemes. Built-in reporting capabilities further simplify customs filings and reduce administrative costs.
Part of Oracle’s broader Fusion Cloud Applications Suite, Oracle Cloud SCM connects supply chain processes and uses embedded AI to enhance operational decision-making. The platform’s latest upgrades are designed to improve business agility and supply chain resilience in the face of ongoing global trade uncertainties.
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