oracle retail advanced inventory planning

2
ORACLE DATA SHEET ORACLE RETAIL ADVANCED INVENTORY PLANNING A POWERFUL TOOL FOR ACCURATE AND EFFICIENT REPLENISHMENT PLANNING AND EXECUTION KEY FEATURES Fulfills Commerce Anywhere customer demand Time-phased replenishment planning of stores and warehouses Optimizes inventory movements within supply chain constraints Exception-based user interactions Market-leading retail science KEY BENEFITS Fulfill Commerce Anywhere customer demand profitably Enhance business users’ experience Improve replenishment and inventory management processes and metrics Enhance vendor relationships Improve distribution resource utilization A significant challenge in retail is managing inventory across supply chain commerce and fulfillment locations while offering customers the visibility and flexibility of inventory to complete their Commerce Anywhere journey. Inventory is one of the highest cost areas of the business, and one of the most complex areas to manage. In an industry where decisions are based on trend data and on consumer likes and dislikes, implementing a scientific approach to managing inventory has proven to make a valuable difference and is now a requirement for the most successful retailers. Overview Oracle Retail Advanced Inventory Planning leverages forecasted demand across all commerce channels to guide a constrained, time-phased inventory ordering, allocation, replenishment, and delivery plan to all levels of the distribution network. By aligning projections of demands with an understanding of planned supply chain configurations, this solution creates achievable plans and executes the positioning of inventory at the right place, at the right time, in the right quantities, from suppliers to warehouses to stores and customers. Introducing Oracle Retail Advanced Inventory Planning Oracle Retail Advanced Inventory Planning creates optimized inventory targets by item by location to meet demand and satisfy business and financial objectives. It then considers realities and constraints such as inventory availability, pack sizes, distribution capacity and store space to flow merchandise through the supply chain at the right time in the right quantities. Business users are provided actionable insights into the potential cause and impact of projected stock-outs or overstock conditions. By optimizing inventory control and order management operations, retailers increase revenue and profitability while reducing inventory and decreasing labor and distribution expenses. Features of Oracle Retail Advanced Inventory Planning Oracle Retail Advanced Inventory Planning enables retailers with these core functions: Customer demand forecast drives the calculation of a time-phased inventory replenishment needs by item by store and direct channels. Store inventory needs are aggregated by their associated warehouses as input to time- phased warehouse replenishment needs. Uses proven retail science replenishment algorithms, based on sound scientific principles. Plans future inventory levels and optimally allocates stock to locations most likely to sell it. Fulfillment planning generates current and “planned” future purchase orders and transfer orders. Constraint-based optimization algorithm maximizes profitability and service level objectives within supply chain constraints related to products, vendors, orders, inventory, freight, labor and space.

Upload: olbe-consulting

Post on 19-Jul-2015

25 views

Category:

Documents


0 download

TRANSCRIPT

Page 1: Oracle retail advanced inventory planning

ORACLE DATA SHEET

ORACLE RETAIL

ADVANCED INVENTORY PLANNING

A POWERFUL TOOL FOR ACCURATE

AND EFFICIENT REPLENISHMENT

PLANNING AND EXECUTION

KEY FEATURES

Fulfills Commerce Anywhere customer

demand

Time-phased replenishment planning of

stores and warehouses

Optimizes inventory movements within

supply chain constraints

Exception-based user interactions

Market-leading retail science

KEY BENEFITS

Fulfill Commerce Anywhere customer

demand profitably

Enhance business users’ experience

Improve replenishment and inventory

management processes and metrics

Enhance vendor relationships

Improve distribution resource utilization

A significant challenge in retail is managing inventory across supply chain commerce and

fulfillment locations while offering customers the visibility and flexibility of inventory to complete

their Commerce Anywhere journey. Inventory is one of the highest cost areas of the business, and

one of the most complex areas to manage. In an industry where decisions are based on trend data

and on consumer likes and dislikes, implementing a scientific approach to managing inventory has

proven to make a valuable difference and is now a requirement for the most successful retailers.

Overview

Oracle Retail Advanced Inventory Planning leverages forecasted demand across all commerce

channels to guide a constrained, time-phased inventory ordering, allocation, replenishment, and

delivery plan to all levels of the distribution network. By aligning projections of demands with an

understanding of planned supply chain configurations, this solution creates achievable plans and

executes the positioning of inventory at the right place, at the right time, in the right quantities, from

suppliers to warehouses to stores and customers.

Introducing Oracle Retail Advanced Inventory Planning

Oracle Retail Advanced Inventory Planning creates optimized inventory targets by item by location

to meet demand and satisfy business and financial objectives. It then considers realities and

constraints such as inventory availability, pack sizes, distribution capacity and store space to flow

merchandise through the supply chain at the right time in the right quantities. Business users are

provided actionable insights into the potential cause and impact of projected stock-outs or overstock

conditions. By optimizing inventory control and order management operations, retailers increase

revenue and profitability while reducing inventory and decreasing labor and distribution expenses.

Features of Oracle Retail Advanced Inventory Planning

Oracle Retail Advanced Inventory Planning enables retailers with these core functions:

• Customer demand forecast drives the calculation of a time-phased inventory

replenishment needs by item by store and direct channels.

• Store inventory needs are aggregated by their associated warehouses as input to time-

phased warehouse replenishment needs.

• Uses proven retail science replenishment algorithms, based on sound scientific

principles.

• Plans future inventory levels and optimally allocates stock to locations most likely to

sell it.

• Fulfillment planning generates current and “planned” future purchase orders and

transfer orders.

• Constraint-based optimization algorithm maximizes profitability and service level

objectives within supply chain constraints related to products, vendors, orders,

inventory, freight, labor and space.

Page 2: Oracle retail advanced inventory planning

ORACLE DATA SHEET

2

RELATED PRODUCTS

Oracle’s integrated supply chain suite

helps retailers manage the investments in

inventory, labor, buildings and equipment

need to power their supply chain

operations

Oracle Retail Merchandising System

Oracle Retail Replenishment

Optimization

Oracle Retail Demand Forecasting

Oracle Retail Warehouse Management

System

Oracle Retail Transportation

Management

Oracle Distributed Order Orchestration

• Provides visibility to current and projected orders, inventory, and relevant supply

chain performance measures.

• Automatically allocates merchandise in cases of shortages or excess and allows

manual “push” allocations.

• Scales purchases orders to meet both supplier and container constraints by pulling

forward future planned receipts.

• Calculates product / store level inventory need for perishable products, balancing

waste and availability based on the item’s product life and acceptable loss due to

waste.

• Provides visibility to promotional lift factored into product forecasts and builds

promotional presentation stock.

• Shows the impact across the entire planning horizon of parameter changes for future

dates, such as source, pack size, lead time, minimum, maximum, or shelf capacity

changes.

• Provides projected outbound distribution and labor capacities to enable proactive

rather than reactive alerts to capacity issues within the planning horizon.

• Offers user navigation flexibility to review and manage replenishment boundaries,

projections, and execution plans.

• Connects demand and constraints implications across the entire supply chain,

including suppliers, warehouses, and stores.

• Allows for setup and execution to time-phased supply chain distribution network,

allowing for proactive updates and changes.

• Systematically pre-allocates inventory through intermediate supply chain locations,

driving labor efficiency and speed to market of products.

• Calculates ‘what-if’ simulations to inventory, ordering, and replenishment needs

across the complete supply chain.

About Oracle Retail

Oracle provides retailers with a complete, open and integrated suite of business applications, server

and storage solutions that are engineered to work together to optimize every aspect of their business.

20 of the top 20 retailers worldwide - including fashion, hardlines, grocery and specialty retailers -

use Oracle solutions to drive performance, deliver critical insights and fuel growth across

traditional, mobile and commerce channels.

Contact Us

For more information about Oracle Retail Allocation, visit oracle.com/retail, email [email protected], or call +1.800.ORACLE1 to

speak to an Oracle representative.

Copyright © 2013, Oracle and/or its affiliates. All rights reserved.

This document is provided for information purposes only and the contents hereof are subject to change without notice. This document is not warranted to be error-free, nor subject to any other warranties or

conditions, whether expressed orally or implied in law, including implied warranties and conditions of merchantability or fitness for a particular purpose. We specifically disclaim any liability with respect to this

document and no contractual obligations are formed either directly or indirectly by this document. This document may not be reproduced or transmitted in any form or by any means, electronic or mechanical, for any

purpose, without our prior written permission.

Oracle and Java are registered trademarks of Oracle and/or its affiliates. Other names may be trademarks of their respective owners.

Intel and Intel Xeon are trademarks or registered trademarks of Intel Corporation. All SPARC trademarks are used under license and are trademarks or registered trademarks of SPARC International, Inc. AMD,

Opteron, the AMD logo, and the AMD Opteron logo are trademarks or registered trademarks of Advanced Micro Devices. UNIX is a registered trademark licensed through X/Open Company, Ltd. 0112