Establishing a Single Source of Truth with Oracle Cloud PIM: The Forevermark Story

Establishing a Single Source of Truth with Oracle Cloud PIM The Forevermark Story
DeBeers

About the Client

Global leader in the diamond jewellery market and a part of the De Beers Group. Maintains a physical and digital presence across Europe, Asia, Australia, and the United States.

Provides differentiated offerings tailored to local tastes and preferences across major markets while operating at a global scale.

Business Challenges

  • Sought to optimize product data and performance management as part of a rapid project implementation, initially focusing on the China market.
  • Needed to leverage existing capabilities and knowledge within the group to establish a foundational solution.
  • Required a scalable architecture and a reliable managed services framework to seamlessly expand to other markets and processes in the future.

What We Did

  • Deployed a Performance Management common process model leveraging Oracle Cloud.
  • Implemented Oracle Product Information Management (PIM) to establish a streamlined New Product Development (NPD) process where master data seamlessly feeds into target systems like eCommerce and Supply Chain.
  • Integrated Oracle Inventory and Oracle Business Intelligence functionalities via MuleSoft to co-exist securely with existing local systems.
  • Transitioned into an ongoing Application Managed Services (AMS) partnership to continuously support the product data ecosystem, ensuring it keeps pace with the business’s evolving operational needs.

Value Delivered

  • Established a single source of truth for product data, minimizing fragmented and duplicate information across the enterprise.
  • Improved time to market for new product launches by approximately 20% through the enhanced NPD process.
  • Enabled continuous, actionable insights based on KPIs to improve inventory control and sales optimization.
  • Provided sustained system stability and proactive enhancements through our continuous AMS engagement, ensuring a reliable steppingstone for greater global consistency.

Related Success Stories

Success Stories

Transforming Global Pharma Operations on a Single Oracle Fusion Cloud

Transforming Global Pharma Operations on a Single Oracle Fusion Cloud
Expand
Success Stories

Oracle EPM FCCS Optimisation: Stabilising Financial Consolidation for a Southeast Asian Packaging Manufacturer

Oracle EPM FCCS Optimisation: Stabilising Financial Consolidation for a Southeast Asian Packaging Manufacturer
Expand
Points of View

Lease Accounting Under IFRS 16: Moving from Spreadsheet Control to Oracle Fusion Execution

Lease Accounting Under IFRS 16: Moving from Spreadsheet Control to Oracle Fusion Execution
Expand
Points of View

Why Oracle APEX Is Less About UI and More About Restoring Control Over Change

Why Oracle APEX Is Less About UI and More About Restoring Control Over Change
Expand

FIND OUT HOW InspireXT
CAN HELP YOU