By Kerrie Jordan -Oracle on Apr 19, 2016
With new competitors, trends, regulations, business models, markets and technologies, rapid change defines your industry. Disconnected systems cannot support how fast your retail organization needs to anticipate, respond, and adapt to new product-and service-related challenges.
Oracle PLM gives you an integrated innovation platform with the speed, oversight, and control to deliver higher quality products to market sooner. By enabling modern PLM processes for retail, you can achieve faster growth, competitive differentiation, and profitability.
Here's a quick overview of the Essentials of Oracle PLM for Retailers:
- Private Label Management
Managing the innovation and commercialization of your own product lines as a retailer is no easy task. Oracle PLM provides a single version of the truth for product information, giving you greater control over costs, quality, compliance, and efficiency.
- Menu Management
Stay ahead of evolving consumer preferences—such as taste, variety, local sourcing, sustainability, and nutrition information—while balancing cost and value. For quick-serve, casual, and fine dining restaurants, a single innovation hub allows you to centralize product and supplier information to efficiently develop new offerings, change menus quickly, experiment with variations, and keep consumers informed.
Tap social networks—a primordial soup of ideas—to select the best ones, capture requirements, and funnel the meaning behind all that big data directly to product development. Oracle PLM provides a seamless solution in the cloud to elegantly navigate this massive amount of data to identify and translate the right ideas into profitable products.
- Artwork and Packaging
Make sure your product’s packaging is superb. Visualize and collaborate on the artwork, packaging, and labels in a secure, web-based system that’s accessible from anywhere. Oracle PLM simplifies, automates, accelerates, and tracks packaging changes—so that you can reduce time to market, eliminate errors, and control risk.
- Portfolio Optimization
Innovate strategically by establishing a systematic approach to manage innovation investments. Optimize your product and service portfolio by balancing sustainable, iterative innovations with bolder, more experimental offerings. Standardize the proposal process and collaborate securely with team members. Model what-if scenarios, analyze each potential innovation investment, and select your optimal go-to-market portfolio.
Make more informed product decisions with role-based, actionable insight at any stage of the product lifecycle. Embedded analytics empower decision-makers with relevant information so that they can proactively take steps to improve product performance.
Choose the right deployment model that fits your business requirements. Oracle PLM Cloud uniquely offers world-class PLM backed by all the innovations, efficiencies, and cost savings of Oracle Cloud.
Oracle is committed to providing best-in-class PLM solutions in the right deployment option for your business: PLM on Oracle Cloud, managed cloud, or on premises. Trust Oracle to help transform your product development processes to fit your business needs and ROI expectations.
Find more details, customer case studies, reports, and brochures on the Oracle PLM for the Retail Industry website.
Kerrie Jordan is Director, PLM Product Marketing at Oracle. Follow her on Twitter @KerJordan.