Sanderson said that companies that put supply chain, product development, logistics and similar major functions online in a collaborative environment can increase the visibility of their operations and drive down procurement and other costs in their operations. The app enables trading partners to run joint promotion plans, introduce new products, and optimize and synchronize supply chain plans over disparate planning systems. We're excited about the announcement of the Supply Chain Exchange because that will provide us with a hub of information that we can feed this sales data to. Oracle Product Development Exchange addresses areas of collaborative product development, including product information management, document management, project collaboration and product development intelligence. Oracle Exchange Market sup-ports design, planning and logistics processes while enabling buyers to broaden their markets and sellers to increase their options.
Companies can purchase through online catalogs and participate in competitive auction bidding.
Increased competition will lead to lower prices, better performance and more timely delivery, the company said. Oracle said it will also offer Oracle Transportation Exchange in the spring, to help shippers and transportation providers collaborate. Shippers can manage the buying of logistics services across all modes, inclusive of storage and warehouse services. Transportation providers can sell capacity for multimode transport, produce additional capacity for shortages, and capture and review key shipping documents for improved visibility. Under the Exchange Partner Initiative, Oracle Exchange Partners will provide a range of commerce and business services for partner operators, suppliers and buyers.