Cognizant deploys Merchandise Planning Platform for REDTAG Group

VARINDIA- INDIA'S FRONTLINE IT MAGAZINE

Cognizant has announced the deployment of a comprehensive merchandise planning platform for the REDTAG Group. Built using the Oracle Retail Merchandise Financial Planning application, the platform provides merchandise financial planning solution with which REDTAG can create strategic and detailed financial business plans and manage reconciliation and approval processes. Providing both pre-season and in-season planning, the Oracle Retail application supports retailers' budgeting and open-to-buy or re-forecasting processes.

Ernest. J. Hosking, CEO, REDTAG Group said, "The merchandise planning platform forms an important part of our efforts to adopt industry-leading solutions, technologies, and best practices that support and extend our business vision and strategy. We selected Cognizant for its consulting-led and innovative solutions approach, deep expertise of the global retail industry, and extensive analytics, program management, and product implementation capabilities. As we expand our geographical footprint, this platform will foster rapid decision-making aligned closely with our aggressive growth targets, enhance operational agility in a highly competitive and fast-moving market, optimize capital and operational costs, and scale easily to effectively meet customer needs."

R. Chandrasekaran, President & MD, Global Delivery, Cognizant said, "We are pleased to have successfully deployed an advanced planning platform for REDTAG to create informed estimates of future business opportunities, infuse inventory movement decisions with customer insight, and realize optimal returns on inventory investment. We have combined our deep experience of developing business-aligned retail solutions for the world's top retailers, and our extensive knowledge of Oracle solution frameworks to deliver a platform that will support REDTAG's business strategies, enable competitive advantage, and help the company offer a more enjoyable shopping experience and an even stronger value proposition to its customers."


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