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MOM V16:

Apart from leveraging Cloud, retailers should consider upgrading to V16 because it is all about enhancing the user experience through extended or simplified functionalities using BI and strong integration enhancements which gives the benefit of reduced labor cost because the entire merchandise management applications like RMS, RTM, Allocation, ReIM, and ReSA all are embedded in the same technology. V16 leverages dashboards through exception-based retailing along with other functional enhancements like event notifications, extending data loading capabilities, increasing the privileges of item induction, enhanced translational and security functionalities etc.

When compared to the previous versions like V13, 14, and 15, Oracle Retail V16 has come a long way in streamlining various operations and enable retailers to make informed, smarter decisions.

Transition from MOM V13 to 16

V13 set up the basics of merchandising operations and further enhanced a few functionalities. It became the fundamental building block for other versions to grow in the future.

  • V13 initiated wholesale operations with separate costing/pricing process,
  • New interface for order and returns followed by direct integration with RPM (Retail Price Management) and RWMS (Retail Warehouse Management System),
  • Automatic financial and shipping recordings
  • Enhancing stock ledger functionalities by enabling multiple set of books,
  • Easy tracking of VAT amounts by posting them separately on the stock ledger and more.
  • RMS V13.2 was specifically designed for retailers to carry out operations in Brazil through the application Oracle Retail Fiscal Management (ORFM).

V14 aimed at ‘commerce anywhere’. It mainly focused on providing a connected commerce experience among retailers, employees and customers.

Similarly V15 was designed to support the induction framework for Purchase Orders. With this, retailers found it easy to induct POs from external systems

This involved a close integration of certain applications like RMS, Oracle Retail Sales Audit (ReSA), Oracle Retail Price Management (RPM), Oracle Retail Store Inventory Management (SIM), Oracle Retail Warehouse Management System (RWMS), and Oracle Retail POS Suite, along with the use of APIs to support integration with third party systems like online order capture (OOC) application or an order management system (OMS). It also enhanced RMS to provide real-time inventory information to external systems for predicting accurate inventory details. Other enhancements in

  • Customer Order Fulfilment,
  • Warehouse location enablement for Order returns,
  • Franchise management expansion capabilities that included extended sourcing options for franchise stores,
  • Web service to check customer’s updated credit information,
  • New APIs to make flexible pricing,
  • Prominent integrations with Oracle EBS Suite and other Supplier enhancements.

It also extended the PO framework capabilities with mass approve purchase orders that helped retailers to identify bulk or cross dock orders, further VAT enhancements to simplify tax calculations etc. V15 also witnessed enhanced packaged integrations to Oracle Retail Xstore product suite.

Why Choose V16?

Oracle Retail’s latest version 16 stays true to its mission towards ‘empowered commerce.’ It focusses to deliver unified consumer experiences across online and offline stores through modernized infrastructure, advanced store integration powered by machine learning, data analytics and mobile solutions. Retailers can access more than 33 Oracle Retail Cloud services which will boost their productivity through various features including persona-based dashboards.

Not only that, V16 made several functional simplifications because of redundant features in the previous releases. Some of these features were either completely removed or replaced by high end technologies.

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For e.g. the older versions of RMS allowed for more than one printer to be set up for a user. This system was replaced by reports through BI publisher. Similarly, cost change induction that was introduced in 14.1V has become a different process with separate privileges and other enhancements. All these make V16 the most recommended releases in Oracle Retail for retailers who wish to transform their retail business to suit the modern generation and lifestyle.

Aspire’s Prepackaged Solutions

Aspire has developed prepackaged solutions to help retailers smoothly manage their business across online and physical stores. These prepackaged solutions ensure faster time to market with quality delivery.

Prepackaged accelerators include

  1. Documentation
  2. Test Suites
  3. Best practices

Documentation

Aspire developed pre-built upgrade packs for Documentation, Design Guides to support retailers extensively. Our user manuals fully adhere to the industry standards in order to increase reliability and user confidence. The documentation is available for all the retail segments.

Test Suites

Retailers need a quality solution that is cost-effective and one that can be easily implemented. Aspire takes advantage of Oracle Application Testing Suite so that retailers don’t have to compromise on the quality and scalability of their products. Moreover, we also conduct performance testing to thoroughly evaluate the quality of end products and increase efficiency. Through such rigorous processes, we were able to cut off the implementation time by 40%.

Best practices

Aspire has done implementations for retailers in various segments. Based on the implementation experience and domain expertise we have created guides for best practices and solution approach for MOM and WMS solutions. This helps the retailers utilize the product to generate maximum ROI and adapt new SOP’s.

Author: Sharon Paul, Research Analyst

Practice Head: Yamini Chitturi, Merchandising Solutions Architect