How to manage, control, and optimize your retail merchandising activities with Oracle's cloud-based software?

Retail merchandising is a complex and dynamic process that involves many aspects, such as purchasing, inventory management, pricing, sales auditing, trade management, and more. Retailers need to have accurate and timely information about their products, customers, suppliers, and markets to make informed decisions and optimize their performance.

However, many retailers face challenges in managing their retail merchandising activities, such as:

• Lack of visibility and control over inventory across channels and locations
• Inefficient and error-prone manual processes for data entry, validation, and reconciliation
• Difficulty in managing global complexity and compliance with different regulations, tax rules, and currencies
• Inability to leverage data and analytics to gain insights and drive actions
• High cost and risk of maintaining legacy systems and infrastructure

To overcome these challenges, retailers need a modern and comprehensive solution that can provide them with the following benefits:

• A single source of truth for retail merchandising information that enables visibility and accuracy across the enterprise
• A seamless and automated workflow for retail merchandising activities that improves efficiency and reduces errors
• A flexible and scalable platform that supports global operations and adapts to changing business needs
• A robust functionality that integrates with other solutions for supply chain, planning, omnichannel, financials, and more
• A cloud-based service that reduces cost and complexity of IT maintenance and security

Oracle Retail Merchandising Cloud Services (ORMCS) is such a solution. ORMCS is a suite of software-as-a-service solutions that provides retailers with breakthrough capabilities including role-based dashboards that surfaces relevant buying, inventory, pricing and financial information to the user.

ORMCS consists of the following modules:

• Retail Merchandising Foundation Cloud Service (RMFCS): This module provides the core functionality for retail merchandising activities, such as item management, inventory replenishment, purchasing, import processes, sales auditing, and trade management .
• Retail Merchandising Invoice Matching Cloud Service (RMIMCS): This module automates the invoice matching process and ensures accurate payment to suppliers.
• Retail Allocation Cloud Service (RACS): This module optimizes the allocation of inventory to stores based on demand patterns, business rules, and constraints.
• Retail Pricing Cloud Service (RPCS): This module enables dynamic pricing strategies based on customer behavior, market conditions, and business objectives.
• Retail Merchandising Insights Cloud Service (RMICS): This module leverages artificial intelligence and machine learning to provide actionable insights and recommendations for retail merchandising decisions.
• Retail Supplier Evaluation Cloud Service (RSECS): This module evaluates supplier performance based on key metrics such as quality, delivery, service, and compliance.
• Retail Data Store Cloud Service (RDSCS): This module provides a data warehouse solution that integrates data from various sources and enables reporting and analytics for retail merchandising.

With ORMCS, retailers can:

• Manage inventory across every shopping journey
• Improve data accuracy and empower store associates
• Prioritize real-time inventory visibility
• Manage global complexity
• Audit all sales transactions
• Integrate with other Oracle Retail solutions for end-to-end flow

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