Retailers Support a More Sustainable Supply Chain with New Oracle Cloud Service
Oracle Retail Supplier Evaluation Cloud Service enables retailers of all kinds to access and evaluate the governance of suppliers based on their ethical, environmental, safety, and quality performance practices. The service helps retailers make more effective, sustainable, and responsible sourcing decisions as part of the merchandising procurement process.
Oracle today expanded its merchandising procurement capabilities with the introduction of Oracle Retail Supplier Evaluation Cloud Service. The new cloud application enables retailers of all kinds to access and evaluate the governance of suppliers based on their ethical, environmental, safety, and quality performance practices. By being able to make more effective, sustainable, and responsible sourcing decisions as part of the merchandising procurement process, retailers can better manage risk across their supply chain, protect their brand image, and more easily identify greener and more ethical sourcing options.
For example, using its Supplier Evaluation dashboard a fashion retailer realizes its production of denim is resulting in a high level of chemical pollution and consuming 10,000 liters of water per item. By reviewing its suppliers’ environmental and ethical credentials, the retailer can adjust its providers to make more responsible sourcing decisions that reduce water waste and chemical pollution.
“Consumers are increasingly prioritizing environmentally friendly and ethically sourced goods. To continue to succeed, responsible and sustainable sourcing needs to be at the forefront of a brands continued innovation efforts,” said Mike Webster, senior vice president and general manager, Oracle Retail. “Oracle Retail Supplier Evaluation will enable businesses to make effective and responsible decisions across their supply chain and confidently communicate this supplier information to their customers, ultimately building brand loyalty and increasing revenue.”
source: oracle news
