Union, N.J. – Bed Bath & Beyond is rebooting its planning as part of a $250 million technology investment.
The retailer announced it has selected Oracle as its Enterprise Resource Planning (ERP) technology provider. Oracle Cloud will provide real-time financial, supply chain and merchandising solutions, replacing the Company’s legacy suite of technology systems and delivering new data, insights and planning capabilities.
“We are building authority in home, baby, beauty and wellness with a digital-first, omni-always and customer-inspired approach,” said John Hartmann, Bed Bath & Beyond’s chief operating officer and president of buybuy Baby.
Oracle’s state-of-the-art technologies will allow the company to better serve customers and improve the efficiency and effectiveness of its business, he added.
The ERP deployment is the first key component in the retailer’s $250 million technology investment roadmap to deploy industry-leading solutions that enhance the experience for customers and drive efficiencies across the enterprise. These technology investments will enable the use of analytics and automation to support improvements in merchandising and inventory management, product life cycle management, retail space planning and optimization, the launch of an array of private label brands and real-time tracking of merchandise fulfilment within the supply chain.
Oracle Cloud ERP will also provide real-time financial and operational insight to support strategic planning decisions, the retailer said.
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