Java IoT Authors: Liz McMillan, Yeshim Deniz, Elizabeth White, Roger Strukhoff, Pat Romanski

News Feed Item

Oracle Enables Retailers to Deliver Commerce Anywhere With New Retail Suite

Largest-Ever Release of Oracle Retail Solutions Improves the Customer Experience With New End-to-End Functionality and More Flexible Integration

REDWOOD SHORES, CA -- (Marketwired) -- 01/06/14 -- Oracle (NYSE: ORCL)

News Summary
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 touchpoints, 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/retail

About Oracle in Industries
Oracle 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 Oracle
Oracle 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.

Oracle and Java are registered trademarks of Oracle and/or its affiliates. Other names may be trademarks of their respective owners.

Greg Lunsford
Email Contact

Mary Ellen Amodeo
Amodeo Associates
Email Contact

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

@ThingsExpo Stories
DXWordEXPO New York 2018, colocated with CloudEXPO New York 2018 will be held November 11-13, 2018, in New York City and will bring together Cloud Computing, FinTech and Blockchain, Digital Transformation, Big Data, Internet of Things, DevOps, AI, Machine Learning and WebRTC to one location.
DXWorldEXPO | CloudEXPO are the world's most influential, independent events where Cloud Computing was coined and where technology buyers and vendors meet to experience and discuss the big picture of Digital Transformation and all of the strategies, tactics, and tools they need to realize their goals. Sponsors of DXWorldEXPO | CloudEXPO benefit from unmatched branding, profile building and lead generation opportunities.
DXWorldEXPO LLC announced today that "Miami Blockchain Event by FinTechEXPO" has announced that its Call for Papers is now open. The two-day event will present 20 top Blockchain experts. All speaking inquiries which covers the following information can be submitted by email to [email protected] Financial enterprises in New York City, London, Singapore, and other world financial capitals are embracing a new generation of smart, automated FinTech that eliminates many cumbersome, slow, and expe...
The best way to leverage your Cloud Expo presence as a sponsor and exhibitor is to plan your news announcements around our events. The press covering Cloud Expo and @ThingsExpo will have access to these releases and will amplify your news announcements. More than two dozen Cloud companies either set deals at our shows or have announced their mergers and acquisitions at Cloud Expo. Product announcements during our show provide your company with the most reach through our targeted audiences.
DevOpsSummit New York 2018, colocated with CloudEXPO | DXWorldEXPO New York 2018 will be held November 11-13, 2018, in New York City. Digital Transformation (DX) is a major focus with the introduction of DXWorldEXPO within the program. Successful transformation requires a laser focus on being data-driven and on using all the tools available that enable transformation if they plan to survive over the long term. A total of 88% of Fortune 500 companies from a generation ago are now out of bus...
With 10 simultaneous tracks, keynotes, general sessions and targeted breakout classes, @CloudEXPO and DXWorldEXPO are two of the most important technology events of the year. Since its launch over eight years ago, @CloudEXPO and DXWorldEXPO have presented a rock star faculty as well as showcased hundreds of sponsors and exhibitors! In this blog post, we provide 7 tips on how, as part of our world-class faculty, you can deliver one of the most popular sessions at our events. But before reading...
Cloud Expo | DXWorld Expo have announced the conference tracks for Cloud Expo 2018. Cloud Expo will be held June 5-7, 2018, at the Javits Center in New York City, and November 6-8, 2018, at the Santa Clara Convention Center, Santa Clara, CA. Digital Transformation (DX) is a major focus with the introduction of DX Expo within the program. Successful transformation requires a laser focus on being data-driven and on using all the tools available that enable transformation if they plan to survive ov...
As IoT continues to increase momentum, so does the associated risk. Secure Device Lifecycle Management (DLM) is ranked as one of the most important technology areas of IoT. Driving this trend is the realization that secure support for IoT devices provides companies the ability to deliver high-quality, reliable, secure offerings faster, create new revenue streams, and reduce support costs, all while building a competitive advantage in their markets. In this session, we will use customer use cases...
DXWorldEXPO LLC announced today that ICOHOLDER named "Media Sponsor" of Miami Blockchain Event by FinTechEXPO. ICOHOLDER give you detailed information and help the community to invest in the trusty projects. Miami Blockchain Event by FinTechEXPO has opened its Call for Papers. The two-day event will present 20 top Blockchain experts. All speaking inquiries which covers the following information can be submitted by email to [email protected] Miami Blockchain Event by FinTechEXPO also offers s...
With tough new regulations coming to Europe on data privacy in May 2018, Calligo will explain why in reality the effect is global and transforms how you consider critical data. EU GDPR fundamentally rewrites the rules for cloud, Big Data and IoT. In his session at 21st Cloud Expo, Adam Ryan, Vice President and General Manager EMEA at Calligo, examined the regulations and provided insight on how it affects technology, challenges the established rules and will usher in new levels of diligence arou...
Dion Hinchcliffe is an internationally recognized digital expert, bestselling book author, frequent keynote speaker, analyst, futurist, and transformation expert based in Washington, DC. He is currently Chief Strategy Officer at the industry-leading digital strategy and online community solutions firm, 7Summits.
Digital Transformation and Disruption, Amazon Style - What You Can Learn. Chris Kocher is a co-founder of Grey Heron, a management and strategic marketing consulting firm. He has 25+ years in both strategic and hands-on operating experience helping executives and investors build revenues and shareholder value. He has consulted with over 130 companies on innovating with new business models, product strategies and monetization. Chris has held management positions at HP and Symantec in addition to ...
Cloud-enabled transformation has evolved from cost saving measure to business innovation strategy -- one that combines the cloud with cognitive capabilities to drive market disruption. Learn how you can achieve the insight and agility you need to gain a competitive advantage. Industry-acclaimed CTO and cloud expert, Shankar Kalyana presents. Only the most exceptional IBMers are appointed with the rare distinction of IBM Fellow, the highest technical honor in the company. Shankar has also receive...
Enterprises have taken advantage of IoT to achieve important revenue and cost advantages. What is less apparent is how incumbent enterprises operating at scale have, following success with IoT, built analytic, operations management and software development capabilities - ranging from autonomous vehicles to manageable robotics installations. They have embraced these capabilities as if they were Silicon Valley startups.
Internet-of-Things discussions can end up either going down the consumer gadget rabbit hole or focused on the sort of data logging that industrial manufacturers have been doing forever. However, in fact, companies today are already using IoT data both to optimize their operational technology and to improve the experience of customer interactions in novel ways. In his session at @ThingsExpo, Gordon Haff, Red Hat Technology Evangelist, shared examples from a wide range of industries – including en...
The standardization of container runtimes and images has sparked the creation of an almost overwhelming number of new open source projects that build on and otherwise work with these specifications. Of course, there's Kubernetes, which orchestrates and manages collections of containers. It was one of the first and best-known examples of projects that make containers truly useful for production use. However, more recently, the container ecosystem has truly exploded. A service mesh like Istio addr...
Rodrigo Coutinho is part of OutSystems' founders' team and currently the Head of Product Design. He provides a cross-functional role where he supports Product Management in defining the positioning and direction of the Agile Platform, while at the same time promoting model-based development and new techniques to deliver applications in the cloud.
Predicting the future has never been more challenging - not because of the lack of data but because of the flood of ungoverned and risk laden information. Microsoft states that 2.5 exabytes of data are created every day. Expectations and reliance on data are being pushed to the limits, as demands around hybrid options continue to grow.
Business professionals no longer wonder if they'll migrate to the cloud; it's now a matter of when. The cloud environment has proved to be a major force in transitioning to an agile business model that enables quick decisions and fast implementation that solidify customer relationships. And when the cloud is combined with the power of cognitive computing, it drives innovation and transformation that achieves astounding competitive advantage.
Poor data quality and analytics drive down business value. In fact, Gartner estimated that the average financial impact of poor data quality on organizations is $9.7 million per year. But bad data is much more than a cost center. By eroding trust in information, analytics and the business decisions based on these, it is a serious impediment to digital transformation.