Oracle ERP upgrade knocks Mr Price
on Thursday said the implementation of a new business management software system from Oracle negatively impacted its full-year results for the 52 weeks to 1 April 2023.
“An internal diagnostic performed by management revealed that the system cut over impacted the group’s competitive advantage of in-season trade and the execution of key sales, stock and margin management planning activities over the year,” it said.Spar Group warning just last week The retailer said its Oracle ERP project was successfully closed on 15 March and that the problems are now behind it.in its year-end results. The company, valued at R35.9-billion on the JSE, saw a fall of 6% in annual profit on the back of inflationary pressure on consumers and Eskom’s power cuts. Load shedding cost it about R1-billion in revenue.
“As a value retailer, the group had been conservative in its backup power investment, as the historical implementation of load shedding was manageable until September 2022, after which it escalated to unprecedented levels,” Mr Price said.
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