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After implementing Oracle Retail Demand Forecasting and Oracle Retail Advanced Inventory Planning, Best Buy "immediately improved in-stocks from 2% to 4% across the board, even as inventory levels continued to decrease," stated Chris Hubbs, Director of Demand Forecasting for Best Buy.

If customers aren't confident the item is in stock or available for delivery by a certain date, a single click will take them to a competitor. How can any retailer win under these circumstances?

If customers aren't confident the item is in stock or available for delivery by a certain date, a single click will take them to a competitor. How can any retailer win under these circumstances?

…In 2011 the company partnered with Oracle to optimize planning and inventory. Says CEO Jim von Maur, "The Oracle solution greatly improved our average inventory turn, and it's done wonders for us. Our basic stock percentage has come down by 20 percent since we've installed it, so it's allowed us to turn those goods faster and just be more efficient."…

Oracle unveils new Retail Cloud Services solutions The new solutions are designed to drive retail growth through cloud technology. Oracle has unveiled six new Retail Cloud Services designed to help retailers capitalize on modern business opportunities. Announced on Wednesday, the Redwood City, CA.-based firm said six new cloud solutions have been added to the company's retail cloud portfolio. Stemming from MICROS Retail solutions, acquired by Oracle last year, the new cloud services are designed to assist retailers in the management of e-commerce applications, customer engagement, the stock chain, ordering and brand compliance.

As Kevin Thompson, director of application development for Lids Sports Group, told retail attendees of the recent Oracle Industry Connect conference, the retailer has implemented the Micros Locate inventory visibility solution to enable full inventory access at stores. "It's a customer service issue," said Thompson. "We don't want to disappoint customers." Lids uses Locate for order brokering, providing visibility of inventory to other stores and DCs both from the store as well as to customers using one of Lids' e-commerce sites. Store associates are equipped with tablets allowing them "endless aisle" inventory access, and out-of-stock items can be ordered for home shipment at the POS, either from a DC or a nearby store.

"We are committed to providing a consistent shopping experience and to meeting customer expectations across channels by aligning pricing, promotions, and inventory availability online and in-store," said Luis Paez, chief information officer, Perry Ellis International. "With Oracle Retail Release 14, we have a consistent view of all inventory, so we can offer customers any product we have in stock regardless of where it resides."

"We are committed to providing a consistent shopping experience and to meeting customer expectations across channels by aligning pricing, promotions, and inventory availability online and in-store," said Luis Paez, chief information officer, Perry Ellis International. "With Oracle Retail Release 14, we have a consistent view of all inventory, so we can offer customers any product we have in stock regardless of where it resides."

And with those plans on the horizon, it was announced on Thursday that Asos has turned to Oracle Retail to provide the organisation with a suite of tools that it is hoped will result in the implementation of integrated, systemised processes that boost buying, stock management and merchandising decision-making. Since launching in 2000, Asos has developed into a business that ships to over 190 countries and territories around the world, and it has identified Oracle as a key planning partner for optimising growth across these international markets.