TECHNOLOGY

Bealls looks to the cloud for inventory insight

BY Dan Berthiaume

Department store retailer Bealls Inc. is obtaining new levels of inventory transparency with cloud-based technology.

Bealls is leveraging the Oracle Retail Cloud to digitally transform its inventory management operations and drive agility. With new inventory arriving weekly, Bealls recognized the need to modernize processes and gain new management efficiencies of its inventory assortment, which spans casual lifestyle, apparel and home merchandise.

After a successful implementation of Oracle Human Capital Management (HMC) Cloud and Oracle Enterprise Resource Planning (ERP) Cloud, Bealls is now rolling out Oracle Retail Merchandise Operations, Oracle Retail Home, and Oracle Retail Insights Cloud Service.

“Retail is a dynamic industry that must keep pace with the speed of fashion and continuous disruption from new e-commerce players,” said Dave Massey, chief digital and technology officer, Bealls. “Cloud technology has become a strategic investment for us to compete and grow by continuously adopting new innovations and best practices from Oracle that allow us to make more informed business decisions faster than ever before. With new insights from cloud solutions, we’re able to better understand our customers and make sure we make the right inventory investments that keep them wanting to return.”

Bealls leverages traditional and off-price stores to tailor its customer experience. With the Oracle Retail implementation, Bealls will have more information and insight to drive its channel strategy. Logic Information Systems, an Oracle PartnerNetwork Gold level member, will implement a phased cloud deployment of the new solutions.

Off-price retailer Stein Mart recently adopted the Oracle Cloud enterprise platform to gain a holistic view of its inventory and streamline its approach to merchandise planning. By consolidating omnichannel planning and forecasting across the front and back ends of the enterprise into one solution, Stein Mart will be better equipped to manage its inventory to support the needs of its customers, regardless of touchpoint.

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