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Oracle Retail Merchandise Operations Management includes Web-based applications to coordinate product development and sourcing, perform day-to-day merchandising activities, audit point-of-sales data, perform invoice matching, make informed pricing decisions, and manage the import process.
- Integrated merchandising functions enable less workflow overlap so employees can concentrate on increasing sales rather than fighting with systems.
- Inventory tracking throughout the supply chain enables quicker inventory response and ensures a balance between inventory cost efficiencies and customer service levels.
- Improved inventory tracking combined with robust ordering, transfer, replenishment, and integrated allocation functionality provides greater control over products and inventories, resulting in fewer markdowns.
- Proactive profit margin management across all merchandise and locations improves markdown quality and minimizes profit erosion. Automated online processes help manage high-volume, complex transactions, improving productivity and lowering cost of ownership.
- Centralized data improves visibility, internal and external communication, and allows immediate supplier feedback.
- Flexible cost component definition allows retailers to identify where the true costs of the product exist. Secure, closed-bidding scenarios among multiple suppliers ensure competitive product costs.
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