Nilson Group Selects Oracle® Retail to Improve Inventory Performance and Consolidate Planning Practices
Nordics Shoe Retailer Looks to Oracle Retail Merchandise Financial Planning to Optimize Financial Planning Processes Across Operations
Redwood Shores, Calif. – April 28, 2011
Nilson Group, Sweden’s leading shoe retailer has selected Oracle® Retail Merchandise Financial Planning to create an integrated planning practice and improve inventory management across its multiple retail brands in the Nordics.
Oracle Retail Merchandise Financial Planning will help Nilson Group introduce a common planning platform from which to quickly develop, consolidate, reconcile and approve financial plans for its DinSko, Nilson Shoes, Jerns, Skopunkten and Radical Sports brands.
Nilson Group expects to use the Oracle Retail application to create strategic high-level and detailed low-level financial plans based on accurate forecasts to deliver a better understanding of customer demand in its 300 stores.
The implementation will also provide a consistent yet flexible approach to pre-season and in-season planning to better manage budgeting, Open-to-Buy and re-forecasting to help improve inventory performance and drive higher margins.
Following a competitive evaluation, Nilson Group identified Oracle Retail as the strongest proposition to replace its legacy planning systems, combining experienced local support and an established regional customer base, with proven best planning practice.
Nilson Group invested in Oracle Retail in February 2011. The implementation is underway and is being led by Agnitum Information Technologies AB, a Gold level member of Oracle PartnerNetwork (OPN).
Torsten Balslev, CIO, Nilson Group said, “Our ability to be flexible in our planning practice and respond quickly to market changes and customer demand is crucial in ensuring that we can deliver the right products at the right time. Oracle Retail has a proven ability to help us achieve this goal and it is a further benefit that we can implement quickly and integrate easily with our existing IT infrastructure.”
Agnitum IT, CEO Bo Gärdmark said, “When evaluating the local market, Oracle has a strong track record, a proven strategy and the best people to support retailers in the region. We are excited to be working with Oracle and the Nilson Group and being part of this exciting project.”
“Retailers around the world have benefited from introducing a common planning practice to drive higher margins, improve inventory management and achieve better control of their operations. We are delighted to be helping Nilson Group to achieve these goals,” said Will O’Brien, Vice President EMEA, Oracle Retail.
Oracle provides retailers with a complete, open and integrated suite of business applications, server and storage solutions that are engineered to work together to optimize every aspect of their business. 20 of the top 20 retailers worldwide - including fashion, hardlines, grocery and specialty retailers use Oracle solutions to deliver critical insights, improve business processes and drive performance. For more information, visit our Web site at http://www.oracle.com/goto/retail
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