Infor launches new inventory tech solution in UAE
Infor, a leading provider of industry-specific cloud applications, has launched Infor Networked Order Management in the UAE.
The new solution is aimed at helping brands and retailers improve omni-shopping experiences by enabling a new level of flexibility in orchestrating inventory.
This new solution leverages Infor's GT Nexus Commerce Network - the world's largest business network which includes over 55,000 companies, including six of the top ten logistics service providers, and over 40 global financial institutions.
This networked approach to order management improves customer service by leveraging inventory throughout the entire supply network to reduce out-of-stocks, save the sale, and shorten delivery lead times, the company said in a release.
"Infor's approach to order management better serves customers by taking advantage of inventory available across all network participants," said Tarik Taman, VP and general manager, IMEA, Infor. "Infor's Networked Order Management can access more fulfilment options beyond what has traditionally been available.”
These will include drop shipments, in-transit inventory, warehouses owned by retailers and network partners, and even store inventory across the network. “All of which are nearly impossible with past approaches to order management," Tamam adds.
Infor's modern cloud-based approach to order management dramatically reduces the cost and complexity typically experienced with legacy Distributed Order Management systems.
By creating networked ecosystems and providing the massive computational power required for machine learning, cloud computing allows problems to be approached and solved in ways not available with legacy systems, the company says.
"We are excited to offer the industry a networked and machine learning-based approach to order management. This solution is a foundational layer in our new commerce platform which was built to provide an omni-channel selling and fulfillment alternative for modern retail,” said Tamam.
“Even more value is unlocked when combined with our integrated supply chain, warehouse management, transportation management, and product configuration solutions," he added.