Co-Innovating With Leading Retailers Including Whole Foods Market, Infor Is Building a Cloud-Based Retail Application Suite Designed for 21st Century Retailing.
Infor, a leading provider of beautiful business applications specialized by industry and built for the cloud, today announced Infor CloudSuite™ Retail, a new, modern suite of enterprise applications delivered in the cloud and designed for today's retailing landscape. In addition, Infor announced the formation of a dedicated retail business unit, operating with the nimbleness and flexibility of an independent start-up, with access to the resources and scale of a nearly $3bn enterprise applications giant.
"In the 20 years since today's legacy retail solutions were created, technology and consumer behavior have changed significantly, turning the industry on its head and leaving retailers scrambling to patch together bolt-on applications just to keep pace," said Charles Phillips, CEO of Infor. "By partnering with industry leaders, Infor will deliver a next-generation suite that takes advantage of modern, cloud technology to help retailers transform the way they merchandise and serve customers in a digital world."
Infor CloudSuite Retail is intended to support the following areas:
- Item Management
- Inventory Management
- Order Management
- Price & Promotions
- Cost Management
- Stock Ledger & Sales Audit
- Replenishment & Allocation
- Integrated Planning
"Most retailers have cobbled together a hodge podge of retail solutions architected in the past century, they seek new modern solutions that given them a digital advantage in not only a single item master, but also in taking advantage of cloud computing, big data, and artificial intelligence," said R. "Ray" Wang, principal analyst and founder, Constellation Research. "Retailers want more than just the latest technology, they want to bring the content, network and technology together to transform their business models."
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