Technology major Oracle Retail has launched a cloud service to enable retailers to effortlessly track, access and manage inventory.
Walmart: Going Beyond Company Disclosures
- Track and monitor a company’s movements through alternative indicators to gain insights into the strategy before it is disclosed by the company
- Gain insight into a company’s capital deployment strategy, by assessing historical deal volumes and specific transactions executed by the company, in addition to identifying sectors of focus
- Go beyond basic financial information, to access key industry-relevant indicators for a company and how these have progressed over time
Dubbed Store Inventory Operations Cloud Service, the application is designed to address fashion or hardline retailers’ unique need for item visibility.
The platform will allow retailers to spot items by colour and size level by the item’s exact location within stores across the network.
It will also assist retailers to offer enhanced customer satisfaction and fulfil customer needs regardless of channel, the company claims.
Oracle Retail vice president Jeff Warren said: “With Oracle Retail Store Inventory Operations Cloud Service, we are providing retailers with the ability to have real-time inventory visibility to enable core merchandising operations, e-commerce and order management.
“The integration points provide the level of inventory visibility and fulfilment transparency that makes a tremendous difference to the customer and to the business.”
The Store Inventory Operations Cloud Service will also help retailers to improve customer service and drive increased profitability by streamlining their inventory management.
The application will offer visibility into inventory both within the store and warehouses, enabling retailers to sell products directly from the warehouse as well.
The platform features an intuitive user interface to allow retailers to slash training time and increase employee productivity.
Oracle delivers retailers with a wide range of open and integrated suite of business applications, cloud services, and hardware designed to work together and boost business. Its clients include major fashion, grocery, and speciality retailers.
Walmart: Going Beyond Company Disclosures
- Track and monitor a company’s movements through alternative indicators to gain insights into the strategy before it is disclosed by the company
- Gain insight into a company’s capital deployment strategy, by assessing historical deal volumes and specific transactions executed by the company, in addition to identifying sectors of focus
- Go beyond basic financial information, to access key industry-relevant indicators for a company and how these have progressed over time