1 DATASHEET | Oracle Retail Assortment and Item Planning Copyright © 2020, Oracle and/or its affiliates

Oracle Retail Assortment Item

and Item Planning

In today’s environment of intense competitive pressure, channel blurring, and

increased access to information and shopping options – such as channel,

fulfillment, and transaction methods – retailers are finding it increasingly

harder to create engaging customer-inspired and targeted assortments that

drive customer loyalty while increasing sales, margin, and return on

investment.

Research continues to show compelling assortments as a key driver of

obtaining and retaining customer loyalty. Oracle Retail’s consumer study found

that 53% of global consumers feel that new and exciting products and

assortments with personalized offers is important for them to continue

shopping with a retailer. Developing strong and new assortments continues to

be the key for retailers to compete in this increasingly complex industry.

MAXIMIZE BUSINESS RESULTS WITH ASSORTMENT AND

ITEM PLANNING

In order to remain connected to customer preferences and deliver desired assortments at a

fast fashion pace, investment in modern planning applications is required. Oracle Retail

provides an integrated, single view of the enterprise, enabling retailers to innovate with

speed and scale. With Oracle Retail’s Assortment and Item Planning Cloud Service,

retailers can develop authentic and loyal customer relationships by delivering the right

product in the right fulfillment location.

Assortment and Item Planning provides retailers with a highly visual, end-to-end workflow

to define and execute local market assortments, to improve conversion of traffic into sales,

and to increase customer satisfaction. This is done while increasing gross margin and

return on investment through item level visibility and the ability to plan and manage this

complexity in a user-friendly and cost-reducing manner.

OPTIMIZE ASSORTMENT STRATEGY AND CREATION

Assortment and Item Planning leverages embedded science and automation to provide an

effective assortment strategy to maximize return on inventory investment. By factoring in

last year or last assortment trends and attribute mix, style-color performance by location,

and one-off and special buys, this solution provides a recommended rate of sale and target

options count for merchants and planners to utilize as a benchmark as they work with

design teams and go to market.

Oracle Retail Assortment and Item

Planning Cloud Service solves the

industry’s need for a smart, yet simple

assortment strategy and lifecycle

management tool to deliver compelling

fast fashion assortments.

Key Benefits

 Reduces categories without

sacrificing revenue

 Improves margins and sell

through

 Improves accurate demand

across the life-cycle of the

assortment

 Reduces markdowns and

increases profits

 Maximizes return on

inventory investment

 Provides decision support

and continuous visibility into

sales, inventory, and profits

https://www.oracle.com/industries/retail/research/consumer-research/ https://www.oracle.com/industries/retail/products/merchandise-planning/assortment-planning/

The wedge builder algorithm takes this customer targeted master assortment and

recommends the optimal number of style-colors based on the assortment strategy

that best fit the item status strategy and attribute goals planned for each cluster,

ensuring that the product selection reflects a unique and engaging assortment mix

to promote customer satisfaction and engagement.

The inclusion of sophisticated and intelligent logic allows retailers to complete their

assortments quickly and effectively – allowing for more time for collaboration to

develop creative innovation to increase in-store and online traffic growth. Coupled

with highly visual plan views and capabilities and simplified business process,

retailers are able to effectively make informed decisions when creating an optimal

assortment while understanding the overall impact that it will have to the floor set

and customer experience.

REACT TO IN-SEASON TRENDS AND OPPORTUNITIES

Oracle Retail Assortment and Item Planning Cloud Service’s in-season business

process provides planners with the ability to quickly and effectively react to season-

to-date actuals and trends with exception management. With one complete version

of the truth through a common business process and calculations and smart

starting points, planners are able to easily review and update sales, promotions, and

markdown plans.

The solution also helps retailers to anticipate and proactively manage exceptions

through standard real-time alerts and an interactive and user tailored exceptions

dashboard, to ultimately highlight and focus a planner’s attention on key areas. The

solution supports the entire lifecycle of an item, including what-if promotion and

markdown planning capabilities. The price and promotion planning capabilities, by

percent off or price-point, streamline the layering of events within the context of

the sales, inventory and keep/add/drop assortment planning decisions to derive

ideal exit and carryover strategy.

POWER OF A SINGLE VIEW

Delivering an effective assortment and item strategy that engages the customer in

an omnichannel environment requires a single view of customer, inventory, order,

demand and pricing / promotions. Oracle Retail’s unified approach to planning

provides a framework of best practices – without inhibiting the art of the merchant –

while enabling the retailer to improve the precision and level of detail of assortment

and item planning decisions through advanced analytics and science.

REQUEST A DEMO

Key Features

 Create and define assortment

strategies based on trend and

customer and attribute

preferences.

 Increase profits with proactive

in- season item management

and exception-driven

processes.

 Simplify decision-making

through embedded science

and automation, and

predictive assortment

recommendations.

 View planned assortments,

just as customers would

experience in- store.

 Increase accuracy and reduce

markdowns through

reconciliation of bottom-up

item plans to top- down

financial plans, preventing

overstocks. experience in-

store.

 Increase return on investment

with weekly receipt flow

visibility and what-if

promotions planning

capabilities.

CONNECT WITH US

Call +1.800.ORACLE1, visit oracle.com/retail or email oneretailvoice_ww@oracle.com.

Outside North America, find your local office at oracle.com/contact.

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