Retail today, is highly dynamic because consumers have become more tech-savvy than before. Cutting edge competition pushes retailers to adapt to emerging trends, streamline their processes, and innovate across channels for an enhanced retail experience. Hence, retailers need a proven and scalable platform to acclimatize to the ever-changing requirements. However, without a core merchandising system an omnichannel retail experience is far-fetched.
Oracle Retail Merchandise Operations Management (MOM) is one such solution specifically designed for retail. It is the central source of information and help retailers with a simplified and accurate view across retail organizations resulting in improved retail consumer experience.
Let us now understand why retailers should migrate to Oracle Retail MOM cloud services.
Oracle Retail merchandising cloud services are a suite of software-as-a-service solutions enabling retailers with ground-breaking merchandising activities. The solution comes with role-based dashboards showing-up relevant information on buying, pricing, inventory, and finances to the user. Retailers then further leverage this information using retail science and data analytics for critical business decisions. The specialty of the methodology is that it greatly reduces the time merchandising professionals spend on non-productive tasks and hence, can focus more on business strategies.
Features of Oracle Retail merchandising cloud services
- Offers end-to-end merchandising solutions that acts as the foundation of a retail operation
- Host capabilities like import management, and sales auditing solutions into a single cloud service
- Capabilities comprise Foundation Data, purchase orders, costs and deal management, inventory, sales audit, ELC, replenishment, and stock ledger
The Trade Management feature of Oracle Retail MOM manages the import processes like automating the steps needed to import goods, manage file exchanges with trading patterns, and provide a central database for critical import order database.
The Sales Audit module is one of the notable features of Oracle Retail MOM. It assesses sale transactions across all channels. It ensures clean and consistent sales information without any missing or erroneous data. The module can highlight even the smallest of errors and ascertain errors if any, to quicker resolution.
How Oracle Retail merchandising cloud services offer business agility?
Oracle Retail merchandising cloud services offer an unprecedented agility to retail businesses. The specialty of the solution is that Oracle Cloud hosts this merchandising foundation, thus, empowering it with security features inherent to the Oracle technology. When it comes to installing, patching, and upgrading the retail software, the Oracle Cloud team is responsible for an end-to-end solution.
The solution comes along with services like constant technical support, access to software enrichments, hardware upgrades, and disaster recovery. The benefit of the Cloud Service model is that IT resources of the customers need not devote time on such repetitive tasks instead they are able to focus on more value-added and innovative tasks. The result is increased business agility and enhanced consumer experience.
Oracle Retail merchandising cloud services is an exclusive part of the SaaS model. The result is funding shifts from capital investment in software to an operational expense and the subscription-based pricing brings in flexibility and cost effectiveness to retail business.
Oracle Retail merchandising cloud services: Enhanced User Interface (UI)
Along with business agility the cloud based merchandising solutions from Oracle has brought in overall user efficiency. The new module has largely focused on enhanced user experience with the help of business intelligence (BI) driven workflow, user-centric design, role-based dashboards, and complementary mobile applications. The solution uses Oracle’s modern exception-based retailing in which persona-based dashboards provide users with real-time information on highly-actionable or monitored tasks. In fact, the focus of the UI is user behavior, offering them numerous methods to view, filter, and take action on items on their dashboard. The result is user need not spend much time on search, as relevant details are available to them in graphical, easy to understand format. Besides, there has been a plethora of benefits of this upgrade that has happened, one of the prominent being a reduced total cost of ownership because RMS, RTM, Allocation, ReIM, and ReSA now reside on the same technology. In addition, these applications now share a common security model based on roles providing retailers flexibility to configure the application both on screen and at task level.
To be precise, strategic transformation that is part of the user experience of Oracle Retail MOM cloud services result in improved efficiency and personalization.
Last but not the least, Oracle Retail merchandising cloud services is a highly scalable and modular architecture allowing retailers to focus on the most relevant aspects of the business. This results in lower cost of implementation, risk mitigation, quicker business value addition and an enhanced retail consumer experience.