The major US retailer is beginning a $250M tech upgrade program with Oracle as its enterprise resource planning (ERP) technology provider.
The home goods chain will implement the Oracle Cloud ERP platform and Oracle Retail Merchandising Cloud Service to provide real-time financial, supply chain and merchandising solutions. Bed Bath & Beyond will replace its existing legacy suite of technology systems with the Oracle platform.
This upgrade is the first step in the retailer’s planned $250M investment to drive modernisation and innovation in its technology platforms. This technology investment will enable Bed, Bath & Beyond to use analytics and automation to support improvements in merchandising and inventory management, product lifecycle management, retail space planning and optimisation, private brand management, and real-time tracking of merchandise fulfilment within the supply chain.
In addition, Bed, Bath & Beyond will leverage Oracle Cloud ERP to provide real-time financial and operational insight to support strategic planning decisions. Bed, Bath & Beyond plans to spend a total of $1 to $1.5bn USD in the next three years to overhaul its entire business, including technology innovation as well as the launching of new private brands, remodelling 450 stores and opening new Buy Buy Baby stores in new markets, and modernising its distribution network.
