The new applications extend the capabilities of the Oracle e-business suite to include collaborative functions that are executable over the Internet. It also enables order and inventory visibility across collaborating trading partners. Oracle Transportation Exchange is aimed at helping shippers and transportation providers to communicate, collaborate and plan their transportation requirements as they reduce delivery lead times and respond quickly to changing market conditions. Its seamless integration with Oracle Supply Chain Exchange allows Oracle Transportation Exchange to help match transportation capacity to forecasted demand, manage in-transit inventory, and increase visibility to exceptions in the supply chain. Oracle Product Development Exchange addresses every area of collaborative product development, including product information management, document management, project collaboration and product development intelligence.
Companies reap the benefit of significantly cutting costs and accelerating time to market.
Oracle Exchange Marketplace supports design, planning and logistics throughout the business process lifecycle. It enables purchases through online catalogs and competitive bidding through buyer and seller auctions. The company also announced that more than 30 independent software vendors, content providers, financial institutions and transaction delivery companies have joined its Oracle Exchange Partner Initiative. Partners will include ABN AMRO, Bank of Tokyo-Mitsubishi, Citibank, The Sanwa Bank, and Wells Fargo.