Nike expects to realize value from its new enterprise resource planning (ERP) system this year — the biggest investment the apparel and footwear company has made in its digital transformation.
Though Nike revenue dipped 1% year over year in fiscal Q4 primarily due to COVID-related disruption in Greater China and elevated freight costs, it remains bullish on the potential of its digital investments.
“As we shift to an increasingly direct-to-consumer future, an ERP will be foundational for increasing speed and agility across our supply chain,” said Matthew Friend, Nike CFO, in an earnings call. “This will give us real-time visibility to inventory across our network, plus dynamic transactional capabilities to optimize consumer demand and inventory productivity.”
