REDWOOD SHORES, Calif., Sept. 20,
2017 /PRNewswire/ -- Today, Oracle announced that Marketing
Investment Group SA (MIG) has selected Oracle Retail Merchandise
Financial Planning. MIG currently provides consumers with products
of famous brands across more than 300 brick and mortar stores and 5
e-commerce outlets, through its own retail chain.
MIG efficiently manages a growing network of over 100 Sizeer
stores, 150 under the brands of 50 style and operating stores of
such brands like Timberland, Symbiosis, Umbro and up8. Dynamic
growth through continued expansion and store openings in new
markets, along with inconsistent manual spreadsheets resulted in
the need for an integrated planning system to drive unified
processes and experiences. The implementation of Oracle Retail will
deliver a coherent, iterative plan to follow a single version of
truth for the whole company.
"To secure future growth, we required a solution that allows for
more detailed purchase planning, faster and more informed buying
process, and reduction of stock inventory levels during collection
intakes," said Krzysztof Nitsch, COO
and Board Member, Marketing Investment Group. "We will empower our
merchants and planners to better manage stock by season, by truly
understanding the inventory levers with Oracle Retail."
"As Marketing Investment Group grows their business, the role of
inventory becomes critical to their success and margin attainment,"
said Ray Carlin, Senior Vice
President and General Manager, Oracle Retail. "We look forward to
celebrating the success with Marketing Investment Group and
Pronos."
Oracle Retail collaborated with Pronos to deliver local,
in-language implementation based on global expertise. Pronos brings
unique fashion planning competencies with a lean delivery approach
and accelerated schedule.
"We are partnering with the Marketing Investment Group to
deliver a consistent and structured way of working across the
business. The Oracle Retail implementation will facilitate the
management of rolling objectives through proactive monitoring of an
on-going business performance to drive productivity and
visibility," said Paweł Kowalewski, Vice President, Pronos.
About Oracle Retail:
Oracle provides retailers with a complete, open, and integrated
suite of best-of-breed business applications, cloud services, and
hardware that are engineered to work together and empower commerce.
Leading fashion, grocery, and specialty retailers use Oracle
solutions to anticipate market changes, simplify operations and
inspire authentic brand interactions. For more information, visit
our website at www.oracle.com/retail.
About Oracle
The Oracle Cloud delivers hundreds of SaaS applications and
enterprise-class PaaS and IaaS services to customers in more than
195 countries and territories while processing 55 billion
transactions a day. For more information about Oracle (NYSE:ORCL),
please visit us at oracle.com.
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affiliates. Other names may be trademarks of their respective
owners.
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SOURCE Oracle