Redwood Shores, Calif. Oracle announced that Galeries Lafayette has completed the rollout of Oracle Retail applications across the retailer’s 62 department stores in France and Berlin.
To set the stage for ongoing growth, the department store operator has deployed the Oracle Retail merchandising system to centralize control of core merchandising capabilities and improve management and integration of its inventory and replenishment processes. This has supported enhancements within the supply chain to ensure and optimal flow of goods through the network.
The Oracle Retail applications provide the company’s management with accurate information on each of its stores, delivering data on margin at item per store level. This will help Galeries Lafayette to move from retail to cost accounting methods over the next couple of years.
Centralized activities around merchandise accounting, the ordering and receiving of goods, stock levels, supplier management and invoice matching for Galeries Lafayette has also delivered significant improvements in organizational productivity and data accuracy.
Galeries Lafayette manages more than four million items within its department stores and any pricing changes previously created significant transactional volume. The new solution has enhanced retail price control and definition and it now has the capabilities to identify the impact of pricing and manage this process quickly and efficiently.