Retail chain O’STIN has relied on Oracle solutions to create a product replenishment program that anticipates customer demand.
O’STIN has deployed Oracle Retail Demand Forecasting, Oracle Retail Planning & Optimization and Veltio APX Supply Chain Planning.
Oracle Retail and Veltio integration will assist O’STIN to improve the effectiveness of inventory fulfillment across 700 stores throughout Russia to meet customer demand while protecting profitability.
Veltio, an Oracle Partner Network Platinum Partner, drove the implementation resulting in a more accurate planning process that can anticipate consumer demand, said Chris James, vice president, Oracle Retail.
Prior to the upgrade, O’STIN merchants personally managed a 90,000 line product matrix that included the store, style and color. O’STIN management would manually calculate stock levels for each SKU at every store for the previous four weeks.
“The Oracle Retail Planning & Optimization complemented by Veltio APX empowers our planning team to better forecast consumer demand and increase their productivity through automation and exception-based reporting,” said Prosvirnin Nikolay, head of Allocation and Replenishment teams, O’STIN.
“We optimized inventory to hold the right amount of stock to meet consumer expectations and manage the end of season inventory,” said Grechin Sergey, assortment and planning director at O’STIN.
