Oracle® Retail Unveils Integrated Inventory Planning Suite
Combines Proven, Scalable Oracle Retail Planning and Optimization Applications to Help Retailers Maximize Return on Inventory Investments
Oracle OpenWorld, San Francisco, CA – October 13, 2009
As part of its commitment to help the world’s leading retailers drive increased value from their businesses, Oracle® Retail today announced the release of an integrated inventory planning suite to help retailers maximize their inventory investments.
The Oracle Retail integrated inventory planning suite offers retailers a comprehensive solution from strategic planning to tactical execution, and features robust simulation and optimization capability to help them align inventory investment with financial and merchandising strategy.
New and enhanced capabilities include "on the fly" service level and inventory parameter setting optimization based on business objectives such as sales, margin, or volume that drive a time-phased, constraint-based replenishment plan.
To help support the linkage between localized assortments and inventory execution, retailers can leverage new item importance capabilities to drive inventory execution to more optimally align with their assortment strategy.
Retailers have the flexibility to take a modular approach to deploying the Oracle Retail integrated inventory planning solution to achieve rapid value from their investment.
The integrated inventory planning solution builds on Oracle Retail Release 13 and represents Oracle Retail’s next major initiative toward delivering on insight-driven retailing with a complete and integrated suite of business software designed specifically for retailers.
“For far too long, retailers in segments like grocery and hardlines have carried out inventory planning processes reactively, often relying on outdated information,” said Duncan Angove, Senior Vice President and General Manager, Oracle Retail. “The Oracle Retail integrated inventory planning suite includes best-in-class applications that have proven effective in many of the world’s most complex supply chains, and when combined, can deliver measurable value to retailers by helping them tie together planning and execution.”
“Retail winners know that visibility into inventory and demand creates the opportunity to accurately forecast and deliver the right products in the right amounts, when and where the consumer needs them,” said Brian Kilcourse, Managing Partner at Retail Systems Research.
For more than 32 years, Oracle has been a technology innovator, transforming the way business is conducted. To learn about Oracle’s latest technologies and history of innovation, visit the Innovation Showcase at oracle.com/innovation. And during Oracle OpenWorld (October 11-15), you can hear and interact with innovators from Oracle and its partners at oracle.com/openworld.
About Oracle Retail
Oracle is the number one provider of innovative and comprehensive industry software solutions for retailers – enabling organizations to serve their customers better by applying insight into daily business decisions for more profitable results. With software that provides supply chain, operations, merchandising, store systems, optimization as well as enterprise applications and infrastructure software, Oracle partners with the world’s leading retail companies, including 20 of the 20 top retailers worldwide, to transform the economics of their businesses.
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