Oracle Retail has partnered with One Door, a leading provider of Cloud-based visual merchandising software to assist retailers to advance their in-store merchandising. Retailers can be able to easily optimize store layouts and assortments, by incorporating the Artificial Intelligence infused Oracle Retail Assortment Optimization Cloud Service and One Door Merchandising Cloud, then automatically alter them into interactive, store-specific plans. With this new end-to-end capability, merchandising and store teams will be empowered to both develop and deploy localized, space-aware assortments that maximize returns at each store.
According to the reports, retailers will utilize AI to advance and automate existing and new business procedures, and to accelerate human creativity through Deep Learning and breakthroughs. With this new partnership, retailers can take benefit of Oracle’s AI capabilities and then use One Door automation to deliver personalized experiences at scale. Vice President Solution Management at Oracle Retail, Jeff Warren pointed out that Oracle is the modern platform for retail that enables brands to speed up their business to go beyond best practice and concentrate on customer acquisition and interactions that deliver a lifetime of value. Warren further added that this strategic collaboration gives power to retailers to plan and optimize inventory strategically, confirm in-store execution and compliance, communicate effectively with stores and deliver a tailored and high-quality customer experience.
Furthermore, One Door CMO and SVP of Product Tom Erskine noted that by uniting the company’s visual merchandising and in-store capabilities with the strength of the Oracle Retail portfolio, One Door collectively delivers the first-of-its-kind end-to-end capability for merchandising transformation. In addition, He said that they see the potential to widen Oracle’s already extremely inclusive product portfolio and the Oracle Retail Reference Library, providing Oracle customers and prospects even more opportunity to affect the needed transformation and change with a single vendor.