SAP has released SAP S/4HANA Retail for merchandise management solution — an industry-specific version of the SAP S/4HANA product line. The solution is targeted at helping retailers meet the demands of a digital economy and omnichannel retailing end-to-end.
It is critical to continue to optimize processes and retail frameworks, said Achim Schneider, global head of SAP Retail, who noted that with SAP S/4HANA Retail for merchandise management, customers can explore other business models for improved best practices and implement new business processes based on data.
The real-time analytics and insights allow customers to not only keep pace with but also anticipate the changing needs of consumers and the market, driving business decisions accordingly, Schneider said.
According to SAP, solution capabilities that support retail processes include end-to-end support for all core retail processes from master data down to point of sale, enabling retailers to deliver a better consumer experience; insights into operational retail data, such as precise stock assessments, to empower users with contextual, real-time information for faster and better decision making combined with accelerated mission-critical processes such as replenishment; and a simple interface to enable users at headquarters as well as store associates to improve efficiency and customer service
For more information, go to http://www.sap.com.