Edcon Selects Oracle® Retail Applications to Help Transform Planning and Deliver an Optimal Shopping Experience
South Africa’s Largest Clothing, Footwear and Textile Retailer to Improve Inventory Management and Integrate Customer and Store Initiatives with Oracle
World Retail Congress, Berlin – October 27, 2010
Edcon, South Africa’s leading clothing, footwear and textiles retailer has selected Oracle® Retail merchandise planning and supply chain execution applications to better meet the demands of its broad customer base across all its retail brands and nearly 1300 stores in Southern Africa.
Structured under three divisions, Edcon has:
A Department store division including Edgars, Boardmans, Prato, Red Square and Temptations
A Discount store division including Jet, Jet Mart, Legit and Discom
And the CNA brand selling books, magazines, stationery, music and other media.
Edcon decided to purchase Oracle Retail applications to introduce a more integrated approach to merchandise management, bringing pre-season and in-season planning together with execution strategies and better linking product and financial planning activities.
The intention is to increase efficiency and effectiveness of buyers and planners, and inventory which should lead to better customer service, and improved profitability.
The Oracle Retail applications will also help Edcon to execute planning activities in line with key financial plans and indicators, promoting visibility and reconciliation of budgets with pre-season and in-season plans.
Achieving an optimum inventory balance is expected to help Edcon improve service level goals and reduce inventory carrying costs.
The decision to select Oracle Retail builds on Edcon’s long history of successfully relying on Oracle Retail merchandising solutions.
“As our business has grown and become more complex, the need to evolve processes and the tools used to support them has become increasingly important,” said Geoff Ayoub, Chief Planning Officer, Edcon. “Using Oracle’s planning solutions, we expect to see a number of benefits, including a better shopping experience for our customers, improved inventory performance, and a more productive work environment for our teams.”
“Edcon understands the importance of leveraging technology and the value that the information it delivers can bring to the business,” said Duncan Angove, Senior Vice President and General Manager, Oracle Retail. “Oracle Retail applications are proven to equip retailers to better understand their customers and develop offerings that are profitable and compelling to the customer.”
Oracle is the number one provider of innovative and comprehensive industry software solutions for retailers – enabling organisations 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, optimisation 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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