Heightened operational visibility and control are never more important than during the push for growth. When expanding, a retailer’s financial and merchandising teams require solutions that provide real-time visibility into operations and the tools to manage more predictable and consistent business results. However, when niche retailers grow their store base or expand to new markets, that growth often precedes any kind of merchandising or financial systems upgrade. The existing proprietary or “off the shelf” spreadsheets and ad-hoc solutions can begin to show signs of strain well before they can be replaced.
To give retailers more immediate access to best-in-class solutions designed to help them navigate these critical junctures in their growth, Oracle has launched Oracle Retail Merchandise Financial Planning Cloud Service as part of the recent Oracle Retail Release 15. Retail companies use Oracle Retail planning and optimization solutions to identify opportunities for more-profitable sales and margin planning combined with targeted inventory investments. This collaborative approach is critical to planning merchandise operations across disparate channels and brands. These solutions also help ensure that day-to-day merchandising, inventory, and financial decisions align with overarching business objectives.
Oracle Cloud Solution Lets Retailers Pick and Choose Features
With Oracle Retail cloud services, retailers access world-class capabilities in solutions that are serviced and supported by Oracle, rather than by expanding and staffing an in-house IT operation. Since Oracle Retail Merchandise Financial Planning Cloud Service is a true cloud solution, retailers can shape it for their business needs and pay for just what they use.
Ready-to-go configurations include retail or cost-plus accounting methods, global currency planning and location planning, as well as wholesale/franchise planning. Oracle Retail Merchandise Financial Planning Cloud Service is the first merchandise financial planning solution provided in seven (7) languages for global operations. And to keep pace with today’s high-speed business environment, it can be deployed in weeks or days rather than months.
Retailers Share Their Success
Oracle has more licensed customers using its merchandise financial planning solutions than any other provider. These successful retailers include charming charlie, Deckers Brands, Groupe Dynamite, Kohl’s, lululemon, Nahdi Medical Group, Nordstrom, Perry Ellis International, Valentino, and Walt Disney Parks and Resorts.
“To grow with retail, we want to have the best IT systems available to support our business,” said Sandeep Baghel, Director of Retail Systems, Perry Ellis International, in a 2015 interview with Oracle. “We are working through multiple channels, and Oracle provides a platform that can seamlessly integrate those. We want to be available to customers wherever they want us to be.”
To delve deeper into the specifics of Oracle Retail Merchandise Financial Planning Cloud Service, check out: https://www.oracle.com/industries/retail/products/merchandise-planning/financial-planning/index.html