Stein Mart is boosting its omnichannel capabilities and streamlining its approach to merchandise planning with Oracle Cloud.
By consolidating the planning and forecasting process for its physical stores, online store and warehouses into one solution, Stein Mart will be better equipped to manage its inventory to support the needs of its customers, regardless of how they choose to shop. With Oracle Retail Cloud Services, Stein Mart has the tools to keep its merchandise assortments fresh and relevant for buyers, the company said.
“We have been focused on simplifying our merchandising processes while expanding our omnichannel capabilities and new business initiatives. The enhanced functionality of Oracle’s merchandise financial planning solution will help us analyze data faster to create better plans up front so we can buy smarter and manage inventory more effectively,” said Nick Swetonic, Stein Mart’s svp/planning and allocation.
Stein Mart partnered with Cognira, experts in analytics, configuration and integration, and retail consulting firm The Parker Avery Group to re-engineer business processes and implement the Oracle retail merchandise financial planning cloud service. Both Cognira and Parker Avery are members of the Oracle PartnerNetwork.