Speed, Security, and Best Practices in the Cloud: Oracle Releases Market-Leading Retail Demand Forecasting Solution
By Krista Sterner-Oracle on Mar 03, 2016
Oracle Retail Demand Forecasting enables retailers to accurately and efficiently maintain a single projection of forecasted demand across all Commerce Anywhere operations, increasing revenues and margins while lowering overhead through reduced inventory. Now, this market-leading solution is available to retailers as a cloud service, providing implementation speed and lower total cost of ownership.
The ability to accurately project and manage inventory requirements has become significantly more important in today’s Commerce Anywhere environment. It has also become significantly more difficult, due to ever-changing assortments, promotional tactics, and evolving flexibility in points of fulfillment. In this environment, retailers need stronger forecasting tools and optimization science than the spreadsheets and ad-hoc mechanisms still often being used.
Market-Leading Capabilities with Simplified Approach and Lower Cost
Oracle Retail Demand Forecasting is used by hundreds of retailers around the world to accurately predict consumer demand. The new Oracle Retail Demand Forecasting Cloud Service delivers science-based demand forecasting to an even wider community of retailers at a price point and in a delivery package that will enable them to quickly take advantage of a proven, market-tested solution that produces significant operational and economic benefits.
“Inventory is the number-one cost center for any retailer. By having an accurate forecast, retailers, now even mid-tier and growing retailers, can make certain they will strike the right balance of inventory levels to meet their customers’ needs, while minimizing the effects of excess inventory, such as markdowns and wastage,” says Mike Johnson, Oracle Retail Solution Director, Supply Chain.
Speed to Value and Ease of Implementation
Oracle Retail Demand Forecasting Cloud Service provides high speed to value by leveraging the operational advantages of cloud technology. Retailers can have the forecasting tool up and running, and their users proficient with it, in a matter of 12 to 16 weeks. To facilitate ease of implementation, the solution is prepackaged with a best practice-driven workflow and the best in retail science, requiring very little configuration.
With accurate product demand projections, Oracle Retail Demand Forecasting Cloud Service enhances the business management and decision-making processes in both planning and execution activities. The service not only streamlines processes but provides actionable insights and a view of customer demand that retailers can drive financial planning, purchasing, allocation, or replenishment decisions from.
To delve deeper into the specifics of Oracle Retail Demand Forecasting Cloud Service, check out:
- The website page, complete with product screen shots, reading material, customer assets, and related solution links
- Our new ebook: Fashion Planning in a Direct Retail World
You may also be interested in learning about our Retail Reference Library, a collection of implementation information for Oracle Retail customers and partners, featuring the power of:
- 12,500 business partners +
- 5,750 customers in 96 countries =
- 681 detailed retail process flows
When you invest in and trust the solutions of Oracle Retail, you buy the power and knowledge of our ecosystem.