Members from Stein Mart’s Planning, Merchandising, and IT teams share insight into their Oracle Retail Merchandise Financial Planning (MFP) solution upgrade and why it was time for them to move to the cloud.
Global fashion retail conglomerate Apparel Group has selected Oracle to help meet its long-term strategic, financial, and operational goals. With a growing portfolio of more than 75 brands, catering for millions of customers in its 1,750 stores, Apparel Group will use Oracle technology to streamline processes across departments, to launch new brands and expand into different geographies.
Forecasting for the Holiday Tips. The fluidity and frequency of seasonal assortments and promotional events coupled with the high-stakes of peak season trading put even more pressure on forecast accuracy for multiple business units – from merchandising to marketing to supply chain.
Oracle was recently named a Leader in the IDC MarketScape: Worldwide Retail Price Optimization Applications 2019 Vendor Assessment. With these offerings, retailers gain an unprecedented line of sight into the future performance of their assortments and the impact every promotional offer will have on the bottom line.
Retailers that have a higher percentage of identifiable transactions (for example, BOP traffic) will be able to predict with higher precision what offers are most likely to land with their customers as well as are in a better position to create and forecast traffic.