Redwood Shores, Calif. – Oracle has released Oracle Retail version 14, encompassing new features and functionality across its complete offering of retail business solutions. The enhanced suite of solutions is designed to enable relevant customer engagements across touchpoints, target assortments, drive improved efficiency from inventory and help reduce total cost of ownership.
New operational and planning processes in Oracle Retail version 14 allow customers to buy, pick up or return items via any channel and equips retailers to fulfill demand without channel constraints, using built-in functionality that offers efficiencies and profit gains for retailers. Throughout the solution set, processes reflect an increased focus on the consumer, and assortment planning is informed by range of new data points that work together to influence item and category performance.
Other new features include enhanced support for most mobile devices, advanced store clustering capabilities, new analytics and visualizations, a single inventory master, and a new dashboard allowing IT to monitor and manage retail integrations from a single point.
“In the global retail industry we have seen a shift of capital from building and refurbishing stores to digital commerce and creating new and differentiated customer interactions,” said Mike Webster, senior VP and general manager, Oracle Retail. “Retailers are focused on enabling the whole retail enterprise to deliver commerce anywhere.”