The new system, which is fully integrated with Arnotts' Oracle Financials solution, provides management with detailed, item-level reporting promoting a more accurate assessment of the business performance and helps turn information into profitable business decisions.
For instance, Arnotts is now achieving efficient and rapid item-level stock counts using radio frequency technology, enabling real-time tracking of stock losses across the store; while greater insight in invoice matching has already delivered a 10 percent improvement in accuracy.
In addition, the Oracle Retail system allows Arnotts to align in-store stock offering with customer demand, in order to drive better in-season and fresh inventory management and allocation throughout the store. This allows Arnotts to be more creative around promotional and pricing activity, while optimising its use of retail space.
The Arnotts implementation was a significant milestone for Oracle Fusion Middleware software. Oracle Financials were integrated with Oracle Retail using Oracle BPEL Process Manager, which provided the necessary flexibility to build the integration with minimal changes to the core Financial and Retail systems.
Utilising Oracle's technical expertise and acting as an intelligent courier of messages between the two systems, Oracle BPEL Process Manager ensures information from different parts of Arnotts' business is seamlessly updated and accessible by both the Oracle Financial and Oracle Retail solutions, while ensuring data integrity is maintained.
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