Summary
2024 has barely begun yet it is already the end of January again, which means we are back from NRF. This year’s show has been very busy with high number of retailer attendees and industry experts making their way to Javits Center in New York City to network, exchange ideas and learn about new solutions to challenges in retailers’ businesses.
Gabor Tozser, CEO; Annamaria Bereczki, Customer Success Manager; Mark Buckley, Sales Director for EMEA
Our team has spent three busy and long days gathering
information on current trends, solutions and to get an up to date feel for the
pulse of retail globally. We have identified three core areas that our
learnings are centered on: in store solutions focusing on engaging with
customers, core merchandising capabilities and the rapidly expanding role of AI
not only in analytics but also in a much broader spectrum of applications.
In the HQ
Retailers need to drive processes faster and with more precision and accuracy than ever before. Orchestrating sales across multiple channels requires real time and accurate inventory, keeping goods in motion to maintain the right inventory level also requires fast decision making, automation and real-time integration to ensure all logistics and supply chain partners are in step with evolving demand and inventory in the enterprise. Reliable, integrated and proven ERP systems are a must for executing with precision and speed on core merchandising functions. As always there are several choices in vendors and solutions, however, one stands out when it comes to maturity, speed to implement and speed in performance. This is Oracle Retail’s Merchandising Foundation Cloud Service (MFCS in short).
Oracle Retail has re-built its on-premise retail merchandising system (RMS) to be truly cloud-native (versus an on-premise solution installed in a cloud server) with scalable performance, proven integration and a state-of-the-art extensibility framework (while keeping the base SaaS solution standard), in case standard features need to be extended with unique functionalities. These capabilities, including perpetual cloud solution upgrades, make Oracle Retail’s solution a clear winner ahead of the competition in merchandising.
Conclusion
NRF has been a busy event this year with notable buzz in the physical channel solutions, core HQ ERP applications and AI generally in everything. Our team sees big opportunities in headless POS application in store, precision execution in the retailer HQ and AI adoption growing considerably in 2024.
Contact us for a tailored analysis of your non-cloud components which might create challenges in integrations with cloud and to learn how to overcome these obstacles in your cloud journey!