Netherlands Co Vendex picks Oracle Retail Price Optimization solution
14 Oct '05
3 min read
These include targeted promotions to clear existing merchandise and a process to bring in newer or high-demand items quickly and more effectively to meet customer needs. The company has started the implementation at two of its key divisions, V&D and deBijenkorf.
'With operations across many different countries and formats, they needed a solution that gives us a more disciplined approach to merchandise management and greater insight on how consumers are voting on their merchandise,' said Vendex KBB Chairman, Tony DeNunzio.
'The Oracle solution provides valuable decision support that gives their operations insight into the performance of merchandise and customer demand, promoting better management of in-season inventory and pricing strategies, leading to increased margins.'
'They will be working with Oracle over forthcoming months to identify how best to optimize their merchandising processes and deliver greater productivity, financial performance improvements and better serve their customers,' said Vendex KBB's COO of Department Stores, Dirk Goeminne.
'They are delighted to be working with one of Europe's largest and most diverse retail groups,' said Oracle Retail Regional Vice President, Global Operations, Lawrence Whittle. 'The strategic nature of their partnership with Vendex KBB again validates the power of their solutions and they aim to be key player in helping them deliver operational improvements and substantial financial benefits.'
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