At Oracle Industry Connect on March 21, Oracle announced that its industry leading Oracle Retail Merchandising Solutions are now available as a service via the Oracle Cloud. The introduction of Oracle Retail Merchandising cloud services reflects Oracle’s ongoing investment in helping retailers drive strategic growth in a fast-paced global retail market by enhancing mobility, simplifying the user experience, inspiring customer engagement and creating a flexible, scalable business environment.
“Oracle Retail Merchandising accelerates the critical day-to-day operations that impact service levels, inventory margins and key business metrics for retailers worldwide. Combined with the support, performance and security of Oracle Cloud, we are providing retailers of all sizes with the most flexible and powerful merchandising solution available today,” said Ray Carlin, Senior Vice President and General Manager, Oracle Retail.
Getting to the Work that Matters, Faster
The Oracle Retail Merchandising cloud services are a suite of software-as-a-service solutions that provides retailers with the breakthrough capabilities introduced earlier this year in Oracle Retail Release 16, including role-based dashboards that surface relevant buying, inventory, and financial information to the user and then leverage retail science and data analytics to accelerate critical decision making and take action. By using Oracle’s modern exception-based retailing methodology, and the over 500 additional metrics introduced with Oracle Retail Insights Cloud Service Release 16, to identify situations that require attention, the solution vastly reduces the amount of time merchandising professionals spend on nonproductive tasks and frees more time to focus on strategic business goals.
The complete suite of Oracle Retail Merchandising services available in the Oracle Cloud includes Oracle Retail Merchandising Foundation Cloud Service (end to end merchandising operations including sales auditing), Oracle Retail Integration Cloud Service, Oracle Retail Allocation Cloud Service, and Oracle Retail Invoice Matching Cloud Service.
Delivering Game-Changing Capabilities
As an example, Oracle Retail 16 features such as style-level invoice matching and best-source allocations are powerful tools enabling merchants to better protect margins and improve service levels. To better serve mobile teams in a fast-paced retail environment, the Oracle Retail solutions allow managers to view and approve transactions on their preferred mobile device and create more granular segments to generate customer-centric store clusters. These capabilities reflect Oracle’s ongoing commitment to listen to its retail community and to continue to deliver the power of new solutions.
Oracle Provides Retailers Steady Cadence of Innovation
By providing its renowned merchandising, analytics and insights solutions via Oracle Cloud, Oracle helps ensure that retailers benefit immediately from the steady investment in new features and functionality across the retail solutions, while taking full advantage of Oracle’s world-class cloud services platform, performance improvements, science, analytics, and security. Oracle now offers more than 34 Oracle Retail cloud services including the Oracle Retail Advanced Science, Oracle Retail Insights, Oracle Retail Customer Engagement Cloud Services and many more.
“For Oracle Retail, customers are at the heart of everything we do. It is through customers that we prove the value of our solutions and the Merchandising Cloud Services, Analytics Cloud Services and Insights Cloud Services are no exception,” said Carlin. “We are excited to be partnering with one of the largest fashion retailers in the world as they set a strategic path to leverage cloud technology to enable their global operations.”
Oracle Cloud Delivers Reliability and Scale
Oracle Cloud is the industry's broadest and most integrated public cloud, offering a complete range of services across SaaS, PaaS, and IaaS. It supports new and existing cloud environments, and all workloads, developers, and data. The Oracle Cloud delivers nearly 1,000 SaaS applications and 50 enterprise-class PaaS and IaaS services to customers in more than 195 countries around the world and supports 55 billion transactions each day.
Rose Spicer is senior director of Oracle Retail Marketing.