Oracle said the newly launched Oracle Retail Release 16 technology assists retail companies to deliver unified consumer experiences across ecommerce and retail stores.
“As retailers invest in new markets and offerings for 2017, having the right infrastructure, optimization science and mobile solutions will become a critical competitive advantage,” said Ray Carlin, senior vice president and general manager of Oracle Retail.
Oracle Retail will be showcasing Oracle Retail solutions and cloud services at the National Retail Federation Big Show Jan. 15-17, 2017, in New York City.
Features of Oracle Retail Release 16
Oracle Retail Release 16 will be available on cloud enabling retailers to reduce implementation costs with the Oracle Retail Planning Enterprise Cloud Service platform. The shift to next generation cloud-based planning capabilities allows retailers to plan by exception and scale when needed by paying for capacity used.
Oracle said it offers over 33 Oracle Retail cloud services including its merchandising solution with documented best practices and automation of key process at a lower cost.
The enterprise technology company has optimized Oracle Retail Suite 16 for a mobile environment — utilizing machine learning and data analytics capabilities.
Oracle Retail Release 16 accelerates user productivity by leveraging persona-based dashboards — highlighting opportunities that will impact service levels, inventory margins and key business metrics.
Oracle Retail Merchandising Release 16 supports Android and Apple devices which increase managerial productivity through exception-based reporting and transaction approvals. These additions extend existing buying, allocating, inventory management, sales auditing and invoice-matching capabilities to mobile devices.
Oracle Retail is bridging the productivity gaps between online and point of sale functionality, through mobile experiences that inspire store associates to engage consumers away from the register.
Oracle Retail Extension Module for Oracle Commerce allows retailers to deliver a common brand experience across all touch points by using Oracle Cloud Services to manage orders and optimize fulfillment decisions.
Oracle said Xstore POS also enables retailers to help customers pick up, complete, or change purchases from any location by integrating with Oracle Retail Customer Engagement Software, Oracle Retail Order Broker and Oracle Retail Order Management System.
The technology company optimized mobile Oracle Retail Xstore Point of Service to provide web functionality like in-depth product details, ratings and reviews, and task management.