Oracle Retail has launched a new Store Inventory Operations Cloud Service designed to enable retailers to more easily track, access and manage inventory. The solution provides the ability to view inventory by size, color and other key attributes, helping retailers fulfill demand across several channels.
Traditionally, stores associates have had to rely on searching online or calling another store for an item requested by a customer in a certain size or color. Oracle aims to improve this system by providing retailers with:
- “Store Up” Vs. “Warehouse Down” Approach to Inventory Management: By providing visibility into inventory at a detailed level within the store combined with a view of warehouse inventory, the solution enables stores to influence inventory sell-through by requesting it directly from the warehouse;
- Item Visibility by Size, Color, and Location: The solution is designed to address fashion or hardline retailers’ need for item visibility, by enabling identification of items at the color and size level, as well as by the item’s exact location within stores across the store network;
- Access to Item Inventory Positions Across All Locations to Meet Fulfillment for All Channels: With visibility to where an item resides, the solution aims to give retailers the ability to drive increased customer satisfaction, complete customer transactions and fulfill orders quickly and efficiently;
- Mobile, Intuitive User Interface That Reduces Training for Store Associates: The intuitive user interface can reduce training time and increase productivity and return on employee investment; and
- Faster Rollout, Lower Total Cost of Ownership: The platform provides retailers with the ability to deploy the store inventory solution faster, while taking advantage of future investment through frequent service updates.
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