Group items tagged

"The new Oracle-based inventory planning system provides inventory visibility that simply was not possible for us in the past," said Jim Bell, executive VP and CFO/COO, Coldwater Creek, Sandpoint, Idaho. "Ultimately, this should lead to further reductions in aged inventory and allow us to increase our full-price selling, making us more productive and profitable."

CEO Jill Brown Dean: "What this system really gives us is the precision to plan floor set by floor set, week by week to ensure that each of our big businesses and each of our key categories is appropriately positioned in the preplanning phase and then appropriately reacted to, whether it is promotions, slowing down inventory in the supply chain, moving up inventory, the whole read-and-react thing. So it's giving us a precision around these big top 30 styles, which, as you said, really when we're successful, they're half our business. And it's just giving us a tremendous level of insight and visibility that we have not had." CFO and COO James Bell: "As an organization, we have worked diligently to develop many inventory management disciplines in recent years, but we're lacking adequate tools to fully maximize our inventory investment. This past March, we completed the implementation of a new Oracle-based inventory planning system. The capabilities of this new system are significantly more robust than anything we've used in the past, providing a level of transparency that represents a meaningful opportunity for us to drive more consistent sales and margin improvement over time as we become more proficient with this new capability."...

On their recent earnings (second quarter) call with analysts, Coldwater Creek CEO Jill Brown Dean and CFO/COO James Bell talked technology, specifically discussing the results of the company's implementation of the new Oracle-based inventory planning system.