By Rose Spicer-Oracle on Jan 05, 2016
In December 2015, Oracle Retail announced the availability of Oracle Retail 15, which has been engineered to accelerate innovation and enable retailers to deliver on their brand promise through commerce anywhere.
Retailers have embraced the vision of commerce anywhere—the ability to fulfill demand regardless of source, and delight customers with exceptional, seamless interactions with their brand. However, the path to achieving it has not always been clear.
"We are the only provider that brings together every element required to deliver commerce anywhere, including planning and optimization, supply chain management, merchandise operations, store operations, and consumer interactions," says Oracle Retail Vice President of Solutions Management Jeff Warren. "Just as important, we deliver both the retail science and the native integrations to bind all these pieces together."
Oracle Retail 15
Oracle Retail 15 has been engineered to accelerate innovation and enable retailers to deliver on their brand promise through commerce anywhere. Oracle Retail 15 realizes the acquisition vision with key MICROS integrations; evolves the user experience via mobility, exception management, and productivity enhancements; and extends the availability of best-of-breed retail applications with four new cloud service offerings.
“With Oracle Retail 15, we are bringing all the pieces together, enabling retailers to interact with customers via any channel and in any capacity," says Warren.
To advance this vision, new features and functionalities in Oracle Retail 15 include:
Acquisition Vision with Key Integrations to Oracle MICROS
- Hardware and software engineered to work together. Our next-generation point-of-service workstation includes hardware, software, and peripherals. This new offering is prebuilt and tested to support commerce anywhere. The clean, modern, and visually appealing design reflects the modern image today’s retailers want to convey, and enables both consumers and staff to engage.
- Native integration of Oracle Retail Xstore Point-of-Service with the Oracle Retail Merchandising suite. To support commerce anywhere, merchandising and store solutions now share the same merchandise hierarchy, item attributes, tag and label information, inventory and transaction information, and price management information. Includes new integration to Oracle Retail Merchandising System, Oracle Retail Price Management, and Oracle Retail Sales Audit.
- Omnichannel assortment planning. Connect planning and forecasting with execution across in-store, direct, and wholesale businesses—as well as across the business or within commerce clusters.
- Automated invoice matching. New algorithms can automate matching of up to 90 percent of retail invoices. And exception-based processes allow users to handle manual matching up to 50 percent faster.
- Automated purchase order induction. With the latest release, exception-based processes enable users to induct purchase orders in bulk and simplify mass order maintenance.
- Demand forecasting at the category level. Go beyond item-based demand forecasting to build forecasts based on item attributes. This enables category-level planning—especially important for the grocery sector. Exception-based processing ensures that you create item-level forecasts where required.
- Oracle Retail Sales and Productivity Cloud Service. Gathers highly valuable sales and productivity information. Now, retailers can leverage that data for real-time insights into comparative sales, salesperson productivity, merchandise productivity, store sales, store traffic, and more.
- Oracle Retail Merchandise Financial Planning Cloud Service. Identifies opportunities for more-profitable inventory investment, ensuring that day-to-day decisions align with business objectives. This cloud service will enable cross-channel and cross-organizational collaboration in the planning process using roles, plan versions, and reconciliation and approval.
- Oracle Retail Demand Forecasting Cloud Service. This cloud service incorporates factors that impact sales, such as website launches, new stores, product introductions, price and assortment changes, and promotions. This automated and attribute-level forecasting process highlights problems or opportunities.
- Oracle Retail Market Basket Insights Cloud Service. This new cloud service includes a retail proprietary similarity algorithm that exploits raw market basket data, exploring what items are often bought together and which are seldom/never bought together. Oracle’s data mining cloud service leverages loyalty or basket data to model SKU to SKU similarity scores derived from observing customer purchase behavior over time.
- Registration Link: http://bit.ly/1TcQILw
- Title: Commerce Anywhere in the Era of Convergence: Oracle Retail Release 15
- Speaker: Jeff Warren, VP of Solutions Management
- Date & Time: January 7, 2016 at 1:00pm EST
- Product: Oracle Retail 15
This content is intended to outline our general product direction. It is intended for information purposes only, and may not be incorporated into any contract. It is not a commitment to deliver any material, code, or functionality, and should not be relied upon in making purchasing decisions. The development, release, and timing of any features or functionality described for Oracle’s products remains at the sole discretion of Oracle.