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.

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