NEW YORK - Oct 14, 2015
Infor, a leading provider of beautiful business applications specialized by industry and built for the cloud, today announced Infor CloudSuite™ Retail, a new, modern suite of enterprise applications delivered in the cloud and designed for today's retailing landscape. In addition, Infor announced the formation of a dedicated retail business unit, operating with the nimbleness and flexibility of an independent start-up, with access to the resources and scale of a nearly $3bn enterprise applications giant.
"In the 20 years since today's legacy retail solutions were created, technology and consumer behavior have changed significantly, turning the industry on its head and leaving retailers scrambling to patch together bolt-on applications just to keep pace," said Charles Phillips, CEO of Infor. "By partnering with industry leaders, Infor will deliver a next-generation suite that takes advantage of modern, cloud technology to help retailers transform the way they merchandise and serve customers in a digital world."
Infor CloudSuite Retail is intended to support the following areas:
- Item Management
- Inventory Management
- Order Management
- Price & Promotions
- Cost Management
- Stock Ledger & Sales Audit
- Replenishment & Allocation
- Integrated Planning
"Most retailers have cobbled together a hodge podge of retail solutions architected in the past century, they seek new modern solutions that given them a digital advantage in not only a single item master, but also in taking advantage of cloud computing, big data, and artificial intelligence," said R. "Ray" Wang, principal analyst and founder, Constellation Research. "Retailers want more than just the latest technology, they want to bring the content, network and technology together to transform their business models."
Expected to be delivered in 2016, key design principles upon which Infor CloudSuite Retail is being built are:
Cloud - The advantages of cloud include not only multi-tenancy securely hosted by Amazon Web Services (AWS) and upgrades with minimal downtime and interruption, but also access to supercomputing on a massive scale that transforms data analysis and decision-making.
Modern Technology - Open source technology (e.g., Hadoop, Node.js) is what modern cloud companies are built on. Utilizing modern and open source technology will enable retailers to manage massive amounts of real-time data in ways that were not available before.
Network - Putting the supply chain on the network (e.g., items, orders) will enable retailers to orchestrate the supply across a network of suppliers and partners on behalf of customers. GT Nexus, an Infor company and one of the world's largest cloud-based global commerce platforms, will help retailers to act as interconnected, agile business networks that operate far more efficiently and much more quickly than they do today.
Unification of Disparate Systems - Infor CloudSuite Retail will unify disparate systems and data stores that have grown up over the last 20 years to support the evolving landscape of retailing (e.g., ecommerce, social, MDM, etc.). It is not uncommon for retailers to have 10+ different systems that manage items and inventory, with redundant data and business logic. Planning and optimizations systems are distinct and disconnected from execution systems. Traditional merchandising systems are different than ecommerce systems. Unifying these into one elegant solution will drive efficiencies, alignment, and speed.
Big Data & Machine Learning - A big data architecture will allow retailers to be data rich, atomic rich, attribute intensive, and will allow them to run to petabytes. Applying machine learning against this data on AWS, which functions as an enormous elastic supercomputer, will help drive breakthrough decision-making. Scientists at Infor Dynamic Science Labs are leading the data revolution for Infor CloudSuite Retail.
Digital - This is the dawn of the digital revolution in retailing. A modern merchandising solution will put marketing and customers at the core, promoting collaboration among merchandisers and marketers to synchronize activities that shape demand, and enabling merchandising to be part of the digital strategy.
API-based - The modern Web is API-based. Infor CloudSuite Retail will make it easier to integrate with other solutions versus current legacy approaches that are batch based and hard to implement. This approach will also allow retailers to open up their capabilities and assets via APIs to business partners that want to digitally innovate on their retailing platform.
User Experience - Hook & Loop, Infor's Manhattan-based internal creative agency, crafts an experience starting with user needs to create intuitive, elegant, engaging, and beautiful experiences. Antique forms-based interactions are replaced with a user experience that is mobile, touch and gesture-based, contextual, search driven, and employs gamification. Infor is leveraging Whole Foods Market stores as living, functional labs for designing experiences merchants love.
"Retailers have known for years their software has not kept up with the times, so by leveraging our industry relationships we are working to fix that and ensure Infor CloudSuite Retail is relevant for every user," said Corey Tollefson, SVP of Infor and head of Infor's retail business unit. "Retailers need to orchestrate complex supply chains to satisfy customer demand across an increasingly diverse set of channels; they spend millions on marketing, but don't have the tools to go beyond a transactional experience to provide the personalization that will keep customers coming back. We have the passion to attempt something great and the scale to make it a reality."
Infor CloudSuite Retail will support multiple formats and types of retailing on a global scale, including online, brick-and-mortar, social, mobile, fashion, hardlines, mass merchant, and grocery.
The suite will be architected and delivered in a way that enables retailers to take advantage of next generation capabilities without the traditional rip-and-replace model of legacy platforms.
"Infor CloudSuite Retail will transform the retail software market, and it has needed transforming for quite a while," said Duncan Angove, president of Infor. "The future belongs to the networked retailer that embraces the digital revolution, and Infor will provide the modern solution that helps enable retailers to achieve greatness in the digital age. This is retail the way it should be."
Read our manifesto: www.inforretail.com/manifesto
About Infor Retail
Infor builds beautiful business applications with last mile functionality and scientific insights for select industries delivered as a cloud service. With 13,000 employees and customers in more than 200 countries and territories, Infor automates critical processes for industries including healthcare, manufacturing, fashion, wholesale distribution, hospitality, retail, and public sector. Infor software helps eliminate the need for costly customization through embedded deep industry domain expertise. Headquartered in New York City, Infor is also home to one of the largest creative agencies in Manhattan, Hook & Loop, focused on delivering a user experience that is fun and engaging. Infor deploys its cloud applications primarily on the Amazon Web Services cloud and open source platforms. To learn more about Infor, please visit www.infor.com.
Infor customers include:
- 18 of the top 20 aerospace companies
- 10 of the top 10 high tech companies
- 10 of the top 10 pharmaceutical companies
- 21 of the 25 largest U.S. healthcare delivery networks
- 18 of the 20 largest U.S. cities
- 20 of the top 20 automotive suppliers
- 17 of the top 20 industrial distributors
- 15 of the top 20 global retailers
- 4 of the top 5 brewers
- 21 of the top 30 global banks
- 6 of the 10 largest global hotel brands
- 6 of the top 10 global luxury brands
This announcement reflects the direction Infor may take with regard to the specific product(s) described herein, all of which is subject to change by Infor in its sole discretion, with or without notice to you. This announcement is not a commitment to you in any way and you should not rely on this document or any of its content in making any decision. Infor is not committing to develop or deliver any specified enhancement, upgrade, product or functionality, even if such is described in this announcement and even if such description is accompanied by words such as "anticipate," "believe," "expect," "intend," "may," "plan," "project," "predict," "should," "will," and/or similar expressions. Many factors can affect Infor's product development plans and the nature, content and timing of future product releases, all of which remain in the sole discretion of Infor. This announcement, in whole or in part, may not be incorporated into any contractual agreement with Infor or its subsidiaries or affiliates. Infor expressly disclaims any liability with respect to this announcement.