Oracle announces new version of retail allocation solution
By Digital News Asia August 14, 2013
- Dashboard reports and recommendations consider entire lifecycle of product
- Optimises allocations to speed inventory turn and protect margins
ORACLE Corporation has launched Oracle Retail Allocation, which it said would help retailers improve customer experience and increase inventory sell-through.
The new release of Oracle Retail Solution enables retailers to deliver the right product, in the best assortment, for each location using real-time inventory levels along with sales and planning information, Oracle said in a statement.
“Smarter allocation is the last mile to improving customer experience and protecting margins,” said Mike Webster (pic), senior vice president and general manager, Oracle Retail.
“The latest update to Oracle Retail Allocation delivers deep retail functionality, actionable insight, and a user interface that makes sense for today’s users,” he claimed.
Oracle Retail Allocation 13.3 provides dashboard reports and recommendations that consider the entire lifecycle of a product and optimise allocations to speed inventory turn and protect margins.
The solution adopts a Java interface that employs product images rather than just the SKU number or product name, which helps accelerate the allocation process while encouraging better visibility and control over inventory allocation to stores, Oracle said.
By integrating with the broader suite of Oracle Retail solutions including Oracle Retail Merchandising System and Oracle Retail Assortment Planning and Size Profile Optimization, the allocation solution promotes shared visibility across key retail business teams and creates more fluid and efficient merchandising, supply chain, marketing and inventory management decisions, the company claimed.
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