Myer becomes more agile

In time for Christmas trade.

Myer has partnered with Oracle Retail to transform its end-to-end merchandise systems, inventory processes, and planning capabilities, resulting in reduced stock and improved sales, margin, and markdown reduction.

The first phase of the project involved stock reduction in time for Christmas and the second phase was the adoption of an agile implementation methodology. A cross-functional solution development team worked to deliver regular solution functionality for seasonal strategies, item planning, clustering, option planning, and assortment planning from Oracle Retail Planning and Optimisation.

Myer chief merchandise officer, Allan Winstanley said, “I am optimistic about the ability of our Oracle Merchandise Planning tools to improve the efficiency of our buying teams and to deliver a more profitable, more localised product range for our customers.”

Myer chief information officer, Troy Smith added, “The project was delivered across various teams, including merchandise, IT and Tata Consulting Services (TCS), where we transitioned from waterfall to an agile project delivery approach, which ensured the success of the project.”

Oracle Retail senior vice president and general manager, Mike Webster said the company always encourages its customers to embrace automation and simplification and focus on operational excellence.

“By establishing a strong foundation, Myer can pivot to the customer and localise the assortment based on store demographics, climate, and other store attributes.”

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