Oracle Corp. has released Oracle Retail 14.1 to help retailers simplify their IT environments while delivering the commerce anywhere experience consumers expect. The new suite integrates digital and physical environments and support interactions and transactions anywhere, at any time, and on any device.
The new release also builds on Oracle’s strategy for the combination of Oracle and MICROS, and extends Oracle’s retail offerings in the cloud.
New functionality supports optimized inventory management and endless aisle visibility strengthens retailers’ ability to enable consumers to purchase what, when, and how they want while providing store associates with information they need to save the sale.
Oracle Retail 14.1 also features enhanced mobile capabilities and improved commerce integration to deliver better shopping experiences across all channels and devices.
The new release also offers simplified and intuitive business user interfaces that use role-based workflows and dashboards to leverage in-context, data-driven best practices.
The advanced retail science now embedded throughout Oracle Retail Predictive Application Server improves automation, forecasting, and optimization.
The enhanced enterprise platform enables retailers to more easily manage the multitude of rapidly evolving business processes and models, as well as the expansion into new assortments, channels, and countries with simplified integration between Oracle Retail planning solutions and Oracle Retail merchandising solutions.
Meanwhile, the updated Oracle Retail Reference Library—a collection of implementation information including business process models, architectural diagrams, and more—incorporates key enhancements in this latest release.
The addition of MICROS solutions to the Oracle Retail footprint enables greater and more profitable commerce anywhere strategies with expanded point-of-service functionality, a cloud-based commerce solution, and a retail-rich customer relationship management portfolio.
The MICROS solutions extend Oracle Retail’s functionality to include additional cloud-based applications for brand compliance management, loss prevention, order management, order brokering, and workforce management.
