Transcript
ORACLE DATA SHEET
Oracle Retail Merchandise Financial Planning Cloud Service
In retail, it all starts with a plan. Senior management sets strategic merchandise and financial objectives—and all the other departments aim to meet them. In today’s commerce anywhere world, management needs to set goals for multiple channels and formats that are common in the current competitive environment. Independently, merchants, planners, store operations managers, and others create many low-level financial, store, item, assortment, and operational plans in order to support the corporate plan’s goals. These low-level, detailed, financial, and unit plans define how the retailer will achieve corporate goals. KEY FEATURES
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Cloud service deployed and supported by Oracle’s Cloud for Industries (OCI)
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Quick implementation
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Merchandise and location planning
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Best practice-driven
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Proven, globally scalable RPAS planning platform
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Omnichannel planning
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Supports multiple currencies and geographies
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Pre- and in-season planning
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Alignment planning
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Retail and cost accounting methods
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Automated exception management functions
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Designed to be integrated with Oracle Retail solutions
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Adapts to your business needs
Challenges of Traditional Merchandise Financial Planning Merchandise financial planning is a tedious process for retailers who use a variety of spreadsheets and tools in order to reconcile plans created by various departments, channels, and geographies. This approach is challenging for several reasons: •
Spreadsheet-based or antiquated planning systems are often too manual and inflexible to be easily adapted for commerce anywhere, omnichannel, location, class, and item-level planning.
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Most manual systems and spreadsheets cannot scale to process large amounts of data, at low levels, quickly and efficiently.
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Many legacy systems and spreadsheets simply cannot integrate with one other, making it difficult to access accurate data in a timely manner.
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Many systems limit retailers to pre-season planning and do not afford them the opportunity to adjust their plans in-season.
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Spreadsheet-based solutions do not enable flexible, near real-time cross-cuts of the business that go beyond the product hierarchy.
Key Features of Oracle Retail Merchandise Financial Planning Cloud Service Cloud Service. Deployed and supported by Oracle’s Cloud for Industries (OCI). Your IT department simply provides data. Quick Implementation. Oracle Retail Merchandise Financial Planning (MFP) Cloud Service provides flexible and easy-to-use out-of-the-box planning templates that can be implemented in days (depending on your data availability). Merchandise and Location Planning. Enables planners to plan categories by channels (subclasses, etc.) and locations (stores, sites, apps, etc.) by department. Best Practice-Driven. The solution guides users through best-practice planning
ORACL E DA TA SH EET
KEY BENEFITS
processes in an efficient, streamlined manner while providing top-down targets and bottom-up planning functionality for developing, reconciling, and approving plans.
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Improved plan accuracy
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Increased gross margin
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Increased return on investment (ROI)
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Reduced markdowns
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Lower total cost of ownership (TCO)
Proven, Globally Scalable RPAS Planning Platform. Oracle Retail MFP Cloud Service is delivered on Oracle’s highly scalable RPAS (Retail Predictive Application Server) platform. This operating system features proven stability, as evidenced by hundreds of secure, successfully functioning customers and large multi-dimensional data sets with globally distributed users and multiple currencies. Omnichannel Planning. Supports the modern buy anywhere/fulfill anywhere retail model, with channel-specific metrics for brick and mortar stores, direct selling operations, and wholesale/franchise enterprises. Multi-Currency and Geography. Multiple geographies and currencies can be planned, aggregated, and viewed across any hierarchy. Pre- and In-Season Planning. Provides both pre-season and in-season planning with key financial indicators that include sales, markdowns, receipts, inventory, gross margin, and open-to-buy. Also provides a process for adjusting financial plans in-season to react to the most current data. Plan Alignment. Oracle Retail MFP Cloud Service users can bring many plans together for quick and easy reconciliation and approval through consistent, disciplined processes. Retail and Cost Accounting. Oracle Retail MFP Cloud Service is appropriate for use by retailers using either cost or retail accounting methods. Automated. Exception management functions flag affected areas of a plan that otherwise might not be noticed when managing large amounts of data. Integrated. Designed to work with Oracle Retail Assortment Planning, Oracle Retail Demand Forecasting, Oracle Retail Item Planning, Oracle Retail Merchandising System, and more—which helps ensure that all components of the retail enterprise rely on a common financial plan. Adaptable. Tailor our “out of the cloud” vanilla version to make it your own while remaining on the upgrade path.
Benefits of Oracle Retail Merchandise Financial Planning Cloud Service Improved Plan Accuracy. Provides views into sales history, actualized weekly sales, and unconstrained forecast in order to support better, more accurate planning. Also provides reconciled plan visibility to many different planning groups, eliminating plan discrepancies and organizational silos. Increased Profits. Supports proactive retail management, resulting in fewer lost sales, excessive markdowns, and unprofitable exit strategies. Increased Return on Investment. Enables receipt flow planning down to the weekly level in order to maximize return on inventory investment, and to ensure receipts and promotional activity are aligned with the retailer’s strategic goals by geography, class/category, and selling channel. Reduced Markdowns. Ensures that bottom-up item plans reconcile with top-down financial plans, in turn preventing over-stocks. Future-Proof. Spreadsheet-based solutions can be difficult to scale and evolve as your business changes. Oracle’s solutions scale globally, yet are configurable to support changes in your go-to-market approach.
2 | ORACLE RETAIL MERCHANDISE FINANCIAL PLANNING CLOUD SERVICE
ORACL E DA TA SH EET
RELATED CLOUD SERVICES
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Retail Demand Forecasting
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REL ATED HOST ED SOLU TIONS
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Retail Item Planning
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Retail Assortment Planning
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Retail Category Management Planning and Optimization
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Why Choose Oracle Retail’s Cloud Service Version of Merchandise Financial Planning? Oracle Retail MFP Cloud Service is hosted in the Oracle Cloud and acquired exclusively through a subscription service (SaaS) model. This shifts funding from a potential capital investment in software and IT infrastructure to an operational expense. For one monthly* fee the retailer’s business will benefit from world-class capabilities that drive marketing, service, and operations to meet and exceed customer expectations. From an IT perspective, the Oracle Cloud team takes on the burden and responsibility of providing retailers with the highest levels of system availability, scalability, performance, and data security. Included in the service is: continuous technical support, access to valuable software feature enhancements, hardware upgrades, and disaster recovery. Lastly, retailers will have peace of mind knowing that their data is managed and protected by Oracle, the company that leads the world in database technology. The Oracle Cloud solutions team takes care of the software installation, monitoring, patching, and upgrading; freeing IT resources to perform more value-added tasks and allowing retailers to focus on business processes and innovation. Oracle offers subscription- based payment terms, eliminating the need for a significant up-front capital investment. *A minimum 3-year subscription is required
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Retail Clearance Optimization Engine
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Retail Macro Space Optimization
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Retail Regular Price Optimization
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Retail In Store Space Collaboration
CONTACT US
For more information about Oracle Retail Merchandise Financial Planning Cloud Service, visit oracle.com/retail or email
[email protected] to speak with an Oracle representative.
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