Retailers Help Mitigate Risk with Oracle's AI-Driven Supply Chain Collaboration

Core Insights - Oracle has launched a new cloud solution, Oracle Retail Supply Chain Collaboration, aimed at enhancing retailers' operational oversight, efficiency, vendor coordination, and compliance in a complex supplier landscape [1][4] - The solution provides actionable, data-driven insights to improve forecast accuracy and alert retailers to potential supply chain disruptions, thereby protecting margins and customer satisfaction [2][4] Enhanced Supplier Coordination and Compliance - Retailers can manage merchandising operations globally by aligning practices with business objectives, compliance standards, and sustainability goals, from pre-selection to order fulfillment [5] - The solution includes categorized activity lists and assignment views to streamline workflow management and improve productivity [5] - Planned AI digital assistant capabilities will help retailers quickly find and summarize key supplier information, reducing hassle and saving time [5] Data Sharing and Collaboration - The solution facilitates sharing of practices, policies, and critical information with suppliers, fostering transparency and better coordination [7] - It allows for the collection of sustainability certifications and compliance audits to support informed decision-making [7] - Retailers can evaluate and continuously monitor suppliers through scoring and grading, enhancing ongoing compliance [7] Streamlined Merchandising Operations - The centralized portal enables retailers to delegate responsibilities to suppliers and share data, improving merchandising efficiency [7] - Contextual workflows are provided for creating, reviewing, and approving essential merchandising data, ensuring a structured process [7]