Saks gets business insight from Oracle
NEW YORK — Saks Inc. has selected Oracle's retail merchandising, planning and optimization applications and the Oracle e-business suite 12.1 to help integrate business operations and improve margins and profitability across all channels.
The implementation is part of a business-wide initiative by Saks to establish a modern, flexible and scalable IT platform that will provide finance, human resources, merchandising, commerce and store operations teams with real-time, mobile access to sales, inventory and performance data they require.
“Oracle provides us with a modern technology platform on which we can support our omnichannel approach to the business and build a next-generation retail environment,” said Michael Rodgers, executive VP and chief information and operations officer, Saks, which operates 45 Saks Fifth Avenue stores, 61 Saks Fifth Avenue Off 5th stores and ecommerce site saks.com. “We will use the integrated Oracle Retail solutions to enable our vision of one customer/one product/one inventory, through a seamless set of business processes supported by proven technology tools.”
Saks will use Oracle’s retail merchandise operations and management and its retail planning and optimization solutions to improve performance by identifying emerging trends across commerce, store and mobile channels and managing offerings to meet customer preferences.
The retailer will use the supplier’s e-business suite to transform global financial and human resources operations with faster and more simplified reporting and increased visibility into performance metrics.
Saks currently uses Oracle Database and Oracle Hyperion performance management applications to support strategic financial planning, budgeting and performance management.