Effective retail supply chain management could be worth several percentage points of profitability. Align planning decisions with demand forecasting, inventory management, and receipt flow to drive profitable allocation and replenishment, supply chain execution, and order fulfillment.
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Eight best practices and tips for retail inventory management
Maximize forecast accuracy for the entire product lifecycle with next-generation retail science paired with exception-driven processes.
Optimize daily replenishment decisions, aligning the actual service level to targets with the minimum amount of inventory.
Instantly access accurate store-stock data to execute consistent, efficient, and effective in-store processes and procedures.
Deliver products to the right place at the right time with a powerful, accurate, and easy-to-use method of allocating merchandise.
Choose a retail supply chain solution that helps you shift from efficiency to resilience while managing inventory.
Oracle Retail Demand Forecasting, our demand forecasting engine, has been integrated into Retail Inventory Planning Optimization Cloud Service and includes Oracle Retail AI Foundation (PDF), which provides analytical insights to drive planning, buying, moving of inventory, and selling decisions. These capabilities help retailers increase profits and remain flexible amid the changing retail environment.
With a single view of demand, Retail Demand Forecasting provides value across retail processes, including driving optimal strategies in planning, increasing inventory productivity in retail supply chains, decreasing operational costs, and driving customer satisfaction from engagement to sale to fulfillment.
With Retail Demand Forecasting, Oracle distilled more than 15 years of forecasting experience across hundreds of retailers worldwide into a comprehensive solution that maximizes forecast accuracy for the entire product lifecycle. Retail Demand Forecasting has added additional capabilities and evolved into Retail Inventory Planning Optimization Cloud Service.
Fashion companies can follow these supply chain best practices to stay competitive, from sourcing to sales.
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