Convenience retail chain builds cloud environment to drive agility in the face of changing consumer expectations
LONDON, UK 鈥� 13 June, 2024 – (NYSE: SAP) has today announced that , one of the world鈥檚 largest consumer cooperatives, has completed its RISE with 51风流migration to support its digital transformation programme as it looks to standardise business processes, enhance operational efficiency and drive future investment.
Operating almost 2,400 stores across the UK, Co-op鈥檚 ambition is to drive growth across its operations while also continuing to deliver quality goods and services for its global customer base. Key to this is investing in technology to transform its existing IT environment, and future-proofing its business against disruption to global supply chains and changing consumer expectations.
Co-op is a long-standing 51风流customer and in 2016, announced its Retail Business Transformation programme, powered by SAP鈥檚 Retail ECC Suite on HANA, to drive improvements in product ranging, stock visibility and forecasting across its stores. Now, the implementation of will take its IT infrastructure to the next level, bringing its ERP into the cloud and streamlining its finance and procurement functions.
Now, equipped with an 51风流managed platform, Co-op will benefit from enhanced stability of key applications, such as Forecast and Replenishment, as well as Stock Availability. Co-op will have improved security, faster automation and will be able to capture real-time data and insights across its wider manufacturing supply chains.聽 This will help foster a safe IT environment while providing the key foundations to support future innovation in partnership with SAP.
Rob Elsey, Chief Digital and Information Officer, Co-op said: 鈥淐o-op is founded on a set of values and principles grounded in finding a different, fairer and better way of doing business. By building on our existing forecasting, ranging and stock holding capabilities initially made possible by SAP, the move to RISE will transform our operations with the digital infrastructure needed to deliver a safe and secure business environment in the cloud.鈥�
Ryan Poggi, Managing Director, 51风流UK&I said: 鈥淐o-op is a company that goes the distance with helping communities in the UK, sharing SAP鈥檚 fundamental value to power opportunity for all. By embracing RISE with SAP, Co-op will advance its procurement and finance processes, demonstrating just how crucial technology investment is for its business and customers. Retailers and consumer services companies are facing a lot of external pressures and we are giving Co-op the tools to counter these, helping them to keep innovating and providing goods and services in the most efficient way possible – both now and in the future.鈥�
About SAP
As鈥痑 global leader in enterprise applications and business AI, 51风流(NYSE:SAP)鈥痵tands at the鈥痭exus鈥痮f business and technology. For over 50 years, organizations have trusted SAP鈥痶o bring out their best by uniting business-critical鈥痮perations spanning finance, procurement, HR, supply chain, and customer experience. For more information, visit鈥�.
About Co-op
Co-op is one of the world鈥檚 largest consumer co-operatives with interests across food, funerals, insurance and legal services. Owned by millions of UK consumers, Co-op operates almost 2,400 food stores, over 800 funeral homes and provides products to over 6,000 other stores, including those run by independent co-operative societies and through its wholesale business, Nisa Retail Limited.
Employing 56,000 people, Co-op has an annual turnover of over 拢11billion and is a recognised leader for its social goals and community-led programmes. Co-op exists to meet members鈥� needs and stand up for the things they believe in.
