Enhancements to Oracle’s retail portfolio included in Oracle Retail 14.1 help retailers simplify their IT environments while delivering the commerce anywhere experience consumers expect. The new release builds on Oracle’s strategy for the combination of Oracle and MICROS, as well as extending Oracle’s retail offerings in the cloud.
Oracle Retail 14.1 delivers enhanced functionality that further integrates digital and physical environments to connect consumer experiences across channels. The new release enables retailers to support interactions and transactions anywhere, at any time, and on any device.
The Oracle Retail solution offers several competitive differentiators for retailers looking to meet the requirements of today’s complex consumer journeys:
New functionality supporting optimized inventory management and endless aisle visibility strengthens retailers’ ability to enable consumers to purchase what, when, and how they want while providing store associates with information they need to save the sale.
Enhanced mobile capabilities and improved commerce integration deliver better shopping experiences across all channels and devices. Simplified and intuitive business user interfaces use role-based workflows and dashboards to leverage in-context, data-driven best practices.Advanced retail science now embedded throughout Oracle Retail Predictive Application Server improves automation, forecasting, and optimization.
The enhanced enterprise platform enables retailers to more easily manage the multitude of rapidly evolving business processes and models, as well as the expansion into new assortments, channels, and countries with simplified integration between Oracle Retail planning solutions and Oracle Retail merchandising solutions.
The updated Oracle Retail Reference Library—a collection of implementation information including business process models, architectural diagrams, and more—incorporates key enhancements in this latest release.
Delivering New Retail Possibilities
The addition of MICROS solutions to the Oracle Retail footprint enables greater and more profitable commerce anywhere strategies with expanded point-of-service functionality, a cloud-based commerce solution, and a retail-rich customer relationship management portfolio.
The MICROS solutions extend Oracle Retail’s functionality to include additional cloud-based applications for brand compliance management, loss prevention, order management, order brokering, and workforce management.
With Oracle Retail solutions now available in the cloud, retailers have another fast and cost-effective way to deploy their Oracle Applications and achieve maximum business value with low risk.
“Oracle is committed to supporting our retail customers who need to be operationally fit and efficient to continue to adapt in a rapidly evolving marketplace, manage ever-changing customer expectations, and increase revenue,” said Mike Webster, senior vice president and general manager, Oracle Retail and Hospitality. “By extending the functionality of our retail suite, we continue to strengthen our retail-specific offerings and support retailers in the provision of commerce anywhere.”
Source: MICROS Retail Deutschland GmbH
