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Retail Business Review | Friday, February 11, 2022
With Oracle Retail Cloud, retailers now can enjoy the advantage of boosting their productivity and adapting to the recent retailing standards.
FREMONT, CA: Technology has provided the retail industry with a transformative spin. To back upon opportunities emerging from the digital revolution, retailers are looking to the latest cloud solutions for connecting their business and getting closer to their customers.
Realizing the need to embrace new approaches, European retailers now rely on Oracle’s Retail Cloud. It is a newfound way for retailers to reach the transparency and flexibility they need to change with their business and customer needs. Here is an analysis of the advantages retailers could realize by moving to Oracle’s Retail Cloud.
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Oracle Retail Cloud is a tailor-made, best-in-class platform running the most important enterprise applications with unparalleled performance, security, and cost. Oracle Retail Cloud supports retailers in adopting cloud technology at their convenience and delivering a unified customer experience across their online and offline stores.
With Oracle Retail Cloud, retailers can accomplish faster time to market, boosted reliability, and 100% uptime to handle heavy traffic, all at a reduced cost.
Modern retailing is regarding extracting insights from customers’ purchases, behavior, preferences, and buying patterns. This data allows retailers to optimize their products and services and provides personalized offers to increase customer engagement and loyalty.
Oracle Retail Cloud takes benefit of numerous operations like merchandising and customer engagement to allow retailers to drive purchases by segmenting customer information and further tailor customer loyalty programs using promotional offers, gift cards, awards, and coupons. Therefore, retailers can use insights to forecast their merchandising figures and increase planning accuracy.
Order management is the heart of the retail business. Oracle Retail Cloud offers a robust order management platform where retailers can effectively leverage customer information to streamline order handling across multiple channels. In addition, its real-time inventory data ensures that no sales would be missed.
Retail business is turning complex, and operating with agility and next-level intelligence has become the new standard in doing retail business. This can only be accepted with a next-level cloud platform like Oracle Retail Cloud.
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