Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

Oracle Enables Retailers to Deliver Commerce Anywhere with New Retail Suite  Join our daily free Newsletter

MENAFN Press - 06/01/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN Press) Consumers are asking for a shopping experience that allows them to purchase where and when they want, using a mix of devices, web sites and stores. Retailers are responding by erasing lines between channels, targeting offers and making inventory readily available at the right time and place. With the introduction of its largest, most far-reaching new release, Oracle Retail is uniquely equipped to help retailers offer customers commerce anywhere in a targeted, profitable and efficient manner.

News Facts
Oracle today introduced Oracle Retail version 14, encompassing new features and functionality across its complete offering of retail business solutions. The enhanced suite of solutions enables relevant customer engagements across touch points, targets assortments, drives improved efficiency from inventory and helps reduce total cost of ownership.
Oracle's leading retail science and best practices are now embedded within even more business processes, placing the customer at the center of the value chain and aligning people, processes and technology to drive profitability.
New operational and planning processes in Oracle Retail version 14 allow customers to buy, pick-up or return items via any channel and equips retailers to fulfill demand without channel constraints, using built-in functionality that offers efficiencies and profit gains for retailers.
Throughout the solution set, processes reflect an increased focus on the consumer, and assortment planning is informed by a range of new data points that work together to influence item and category performance.
Oracle Retail version 14 delivers further improvements through packaged integration, a rich set of application programming interfaces and an infrastructure that can accelerate implementation and accommodate modular deployments that work within the constraints of a retailer's evolving mix of systems.
Additionally, Oracle Retail version 14 is optimized for Oracle's engineered systems, servers and storage to deliver faster performance, greater efficiency, higher availability, and near-unlimited scalability. Deploying Oracle Retail solutions on Oracle systems enables customers to lower total cost of ownership, mitigate risk, improve user productivity, and help streamline management, while benefiting from the value of a single point of accountability.

Oracle Retail Connects the Consumer Journey from Mobile to Store to Fulfillment
New features and functionality make it easier for customers to purchase items no matter where inventory resides, with store-level inventory visibility online, real-time inventory lookup for items in another store, support for orders and take-with items in the same transaction and support for returning purchases from any channel.
To help retailers take advantage of mobile, Oracle Retail solutions deliver enhanced support for most devices and help mobilize store associates with mobile Point of Service (POS), tablet POS, assisted selling tools and better visibility to promotions, merchandising and store dashboards.

Targeted Assortments Give Customers Better Choices
To help retailers target the right mix of items online and in stores, Oracle Retail version 14 embeds leading retail science and draws insight from multiple data sources including consumer decision trees, advanced store clustering, demand transference and space optimization, as well as traditional demand forecasting, to recommend alternate actions and illustrate each one's impact on item, category and overall performance.
Oracle's advanced store clustering capabilities are included in the suite to help retailers allocate products based on customer segments and optimize space planning across groups of stores.
New analytics and visualizations included with the latest release help to answer retailers' most commonly asked questions, such as "Where are my most beneficial customers located and shopping, and what are their top purchases?"

Retailers Drive Performance by Making Inventory Transparent and Accessible
With version 14, Oracle Retail provides a single inventory master, which enables retailers to make inventory visible and accessible 24/7 across channels for consumers and employees.
Oracle Retail version 14 connects more of the day-to-day supply chain operations to help maximize efficiency and accuracy of store picking, store inventory processes, warehouse management and merchandising.
Now, operational forecasts can consider not just price and promotional changes but also the transfer of demand that happens when assortments change. The resulting single view of demand across the enterprise helps teams to optimize and align inventory.

Improved Integration Helps Lower Retailers' Total Cost of Ownership
With Oracle Retail version 14, Oracle continues to simplify deployment, help maximize ROI, and help lower the total cost of ownership by improving integration throughout the full suite of retail solutions.
In addition, the enhanced integration helps ensure that interdependent retail operations such as customer segmentation, store clustering, pricing, planning, allocation and space planning share information that influences business intelligence and recommendations.
Following Oracle's commitment to open and scalable solutions, the full offering of Oracle Retail solutions can be implemented as a comprehensive suite or as modular best-of-breed point solutions, integrated with existing solutions or deployed in any order as part of a full-scale IT transformation program.
A new dashboard allows IT to monitor and manage retail integrations from a single point. Now retailers can more quickly identify transaction volumes, average response times, and errors to help ensure critical systems are consistently operating at maximum efficiency.
Supporting Quotes
"In the global retail industry we have seen a shift of capital from building and refurbishing stores to digital commerce and creating new and differentiated customer interactions. Retailers are focused on enabling the whole retail enterprise to deliver commerce anywhere," said Mike Webster, Senior Vice President and General Manager, Oracle Retail.
"Oracle Retail version 14 is our largest release in terms of functionality and manpower invested in development. This release aligns with the industry investments, has a sharp focus on quality and lowers the total cost of ownership for retailers. It further differentiates Oracle when the retailer is choosing a point solution and in situations where the retailer is transforming multiple business operations to enable a more effective customer experience," said Webster.

Supporting Resources
About Oracle Retail version 14
About Oracle Retail
Oracle Retail on Facebook, Twitter and YouTube
Oracle Retail Blog
Oracle Commerce Anywhere Blog
Oracle Retail in the News
Oracle Retail Asset and Centralized Knowledge Portal


About 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 drive performance, deliver critical insights and fuel growth across traditional, mobile and commerce channels. For more information, visit our Web site at http://www.oracle.com/goto/retailAbout Oracle in IndustriesOracle industry solutions leverage the company's best-in-class portfolio of products to address complex business processes relevant to retail, helping speed time to market, reduce costs, and gain a competitive edge.About OracleOracle engineers hardware and software to work together in the cloud and in your data center. For more information about Oracle (NYSE:ORCL), visit www.oracle.com.

 


MENAFN Press




  MENA News Headlines
 Sep 19 2014 - Iran slammed for Syria-Iraq chaosArab News
(MENAFN - Arab News) Leaders from various Arab countries participating in a conference entitled 'Arabian Gulf and Regional Challenges which concluded here on Wednesday urged nations to unify to help ...

 Sep 19 2014 - Doha doesn't back extremists: EmirArab News
(MENAFN - Arab News) BERLIN: Qatar's emir said in Germany on Wednesday that his state does not back 'terrorist organizations' and Chancellor Angela Merkel said she had no reason to doubt him.The ...

 Sep 19 2014 - Imaginative septuagenarian boats vehicle to tiny islandArab News
(MENAFN - Arab News) A 70-year-old man sailed across an 8-km span of sea with a truck on board two boats that were tied together.Ali Suhail took his Toyota Hilux from the Farasan Island to Qimah ...

 Sep 19 2014 - Forced evacuations as Philippine volcano spews lavaArab News
(MENAFN - Arab News) LEGAZPI Philippines: Lava cascaded down the Philippines' most active volcano on Wednesday as authorities rushed to evacuate thousands ahead of a possible deadly eruption.Mostly ...

 Sep 19 2014 - Blind Saudi sculptor to exhibit work in UKArab News
(MENAFN - Arab News) A student with a visual disability has been selected to exhibit her work at an international event in the United Kingdom.Zahra Al-Dhamen a Saudi media student at King Saud ...

 Sep 19 2014 - Saudi- Water levels rise due to heavy rain in AsirArab News
(MENAFN - Arab News) Heavy rainfall in the Asir region Tuesday evening covered a number of towns and population centers.The Civil Defense Department in Asir sent safety patrols to several locations ...

 Sep 19 2014 - Saudi- Big Madinah push for SMEsArab News
(MENAFN - Arab News) Madinah Gov. Prince Faisal bin Salman Monday launched a massive program to boost small and medium enterprises (SME) in the region as part of a plan to boost the national ...

 Sep 19 2014 - Saudi- Cop killer duo handed deathArab News
(MENAFN - Arab News) A court sentenced two terror suspects to death on Tuesday for jointly murdering a policeman and injuring 12 others in an armed confrontation with security men at the residential ...

 Sep 19 2014 - Changing Pakistan: Tardy MPs thrown off jetArab News
(MENAFN - Arab News) ISLAMABAD: Angry Pakistani passengers have forced two lawmakers off a plane for delaying its departure by almost two hours. A video covering the drama was posted online.Irate ...

 Sep 19 2014 - Saudi- Technology forum begins at KACSTArab News
(MENAFN - Arab News) The 3rd Advanced Technologies Forum 2014 kicked off on Tuesday at the King Abdulaziz City for Science & Technology (KACST) under the patronage of Custodian of the Two Holy ...

more...


 






Google

Click to Apply

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help