In a variety of customer and retail industry gatherings, we have gained insight into what retailers are doing to ensure transformational success as well as the myths surrounding cloud migration. It is apparent that merchandising system upgrades are critical to keeping retail operations current with business needs. But at what juncture do retailers initiate change when existing systems are heavily customized and outdated?
Talking with global retailers, there are several reasons why leaders elect to move merchandising operations to a cloud solution. We compiled the top reasons for retailers in this infographic.
Reduce Risk: Well-supported cloud environments reduce many of the risks inherent to major on-premises implementations – including cost overruns and delays.
Stop the 5-Year Cycle: Cloud services roll out upgrades and new features at a continuous cadence – effectively ending the age-old cycle of disruptive rip and replace upgrades.
Innovate Continually: Making new features readily available is a transformative change, that caters to a culture of innovation.
Gain World-Class Security: By moving to a cloud service supported by global specialized security teams, retailers reduce business risk of new threats.
Use Industry Best Practices: Cloud applications provide built-in and modern best practices. Rich features and functionality help to ensure the solutions require few to no modifications.
Increase Productivity: Modern points of interaction, behaving more like familiar apps, thus reducing the learning curve for new employees to boost productivity.
Move Quickly: When an acquisition, brand launch or market expansion calls for business upgrades, the cloud offers a faster, more streamlined approach to achieving results.
For many retailers, the next wave of progress begins with transforming merchandising systems, and with full executive leadership support, will allow the business to remain flexible and progressive. The sooner dying legacy systems are transformed, the sooner other aspects of the organization benefit. Gains are immediate and long-reaching as merchandising informs and enables new strategies across marketing, fulfillment, mobile, commerce, store, planning and other operations. From the start, retailers enjoy a modern set of applications that are intuitive and pre-integrated with omnichannel operations and customer journeys.
An effective cloud merchandising system can give you the power to seamlessly integrate every moving part of your operation to support growth at scale. With over 5,000 customers worldwide, Oracle is solving modern retail challenges around the globe with solutions like Oracle Retail Merchandising Systems.