With the holiday season in full gear, businesses race to keep up with customer demand and as a result, inventory management challenges rise to the forefront. A recent study revealed that out-of-stocks, overstocks and returns cost retail businesses a massive $1.75 trillion a year. To protect your bottom line, you need to know what’s in stock, what’s on order, and where and when it’s shipping—in short, you need real-time visibility into your inventory. Fortunately, cloud-based inventory management can play a crucial role in preventing feast or famine and addressing industry-specific inventory challenges so that you can escape the #blackfriday #fail Twitter hashtag combination next year.
COLLABORATE 15, the technology and applications forum put on by three of Oracle’s most influential user groups, wrapped last week in Las Vegas. The event drew thousands of Oracle users and solution providers, and included a week of informative sessions on hot topics, best practices and professional development. If you weren’t able to attend, we brought back some highlights to help you catch up on the discussions.
Although the show is geared toward Oracle JD Edwards users, several topics were discussed that are applicable to any enterprise. To help you focus (no pun intended) your tech priorities for 2015 and beyond, here are 5 key takeaways that need to be on your radar.
Topics: augmented reality, DSI Cloud Platform, cloud computing, cloud services, cloud strategy, digital supply chain, enterprise technology, industrial internet of things, infocus 2014, infocus 2014 recap, internet of things, mobile optimization, mobility, technology strategy, virtual reality, wearables