Author: Rose Spicer, Global Senior Director at Oracle Retail
We are honored to partner with Albertsons Companies, which chooses to modernize with Oracle Cloud solutions. Albertsons Companies was recently highlighted in our Q3 earnings announcement.
One of the largest grocers in North America, Albertsons Companies is modernizing its technology platform with a cloud-first strategy. Albertsons Companies recently implemented Oracle Fusion Cloud ERP and HCM, which provide a platform for continued modernization and productivity.
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Grocery retail industry trends, drivers, and challenges
Today, consumers have new expectations beyond the availability of products and the usual quality of in-store and online experiences. There is more significant pressure for brick & mortar grocers to reassure in-store consumers are safe and that their time in-store is brief and efficient. Agility and adaptability have become critical to the sustainability of grocery businesses. There is a growing imperative to manage stock online and in-store to ensure that the products consumers need are available wherever they shop. In a recent Oracle Retail consumer survey, when asked, “With continued COVID-19 and supply chain worries, are you concerned about grocery stores running low on essentials, and are you stocking up to prepare?” 57% of consumers reported being worried, with 33% of people already or planning to stock up.
Bosnian retail brands Konzum and Mercator gain operational agility with modern retail merchandising technology
When customers enter a Mercator or Konzum supermarket, they discover a plethora of organic products, fresh chopped salads, and meat ripening chambers intermingled with everyday grocery needs. The dominant grocery brands in Bosnia and Herzegovina (B&H) employ a visual standard and layout that maximizes the display of products across various segments. By upgrading to the latest release of Oracle Retail, the trading department can automate the merchandising process and offer guided best practices to associates, allowing them to focus on strategic tasks that impact the bottom line and improve daily operational efficiency.
U.S. Grocery retailer Giant Eagle selects the Oracle Cloud
COVID-19 brought a surge in customer demand and high variability in supply for grocers such as Giant Eagle, which operates more than 200 US supermarkets. Giant Eagle continues to invest with Oracle by expanding programs centered on consolidated sales and margin forecasting.
The grocer expects Oracle Retail Merchandising, Oracle Retail Store Inventory Operations Cloud Services, and Oracle Retail Advanced Science Engine to help them manage approximately 100,000 products across every store and optimize millions of customer transactions every week. The retailer’s finance team will use Oracle Fusion Cloud Enterprise Resource Planning (ERP) and Enterprise Performance Management (EPM) for real-time insight into finance and operations in the back office.
Croatia supermarket chain Plodine chose Oracle Cloud to provide comprehensive disaster recovery capabilities
One of Croatia’s largest supermarket chains, Plodine has more than 100 locations across the country. Facing the ever-present threat of flooding from a river near their only data center and shaken by an earthquake that struck the capital city of Zagreb in 2020, the retailer chose Oracle Cloud Infrastructure to provide comprehensive disaster recovery capabilities.