RICHFIELD, Minn.--(BUSINESS WIRE)--Consumer electronics retailer Best Buy Co., Inc. today announced that it has selected SAP AG (NYSE:SAP) to provide the core enterprise resource management (ERP) platform, as well as SAP® for Retail solutions for specific retail functionality, for its international and emerging businesses.
As Best Buy continues to expand its customer-centric business model domestically and internationally, the common information platform for financial reporting, human resources, retail, and operations management will provide the tools for tracking and managing future growth.
“Best Buy has multiple channels, multiple brands, and a growing international presence,” said Robert Willett, CEO of Best Buy’s international and the company’s CIO. “With a single, global information platform, we can continue to focus our resources strategically, successfully grow the enterprise, and ultimately serve as the International consumer advocate for consumer electronics.”
The SAP platform will provide multi-language/multi-currency and integrated information capabilities for portions of the international business unit’s retail, merchandising, supply chain, wholesale distribution, finance, human resources, and store operations. The first phase of implementation will include current expansion of Best Buy into China, Mexico, and Turkey.
“SAP understands the need for global IT solutions that are best practices for retailers like Best Buy,” said Bill McDermott, president and CEO, SAP Americas and Asia Pacific Japan. “With SAP for Retail, Best Buy will maintain its competitive advantage and be well positioned for expansion around the globe. We are extremely proud to add Best Buy to our ever-growing list of the best run retail businesses.”
About Best Buy Co., Inc.
Best Buy Co., Inc. (NYSE:BBY) operates a global portfolio of brands with a commitment to growth and innovation. Our employees strive to provide customers around the world with superior experiences by responding to their unique needs and aspirations. We sell consumer electronics, home-office products, entertainment software, appliances and related services through approximately 1,200 retail stores across the United States, throughout Canada and in China. Our multi-channel operations include: Best Buy (BestBuy.com, BestBuy.ca and BestBuy.com.cn), Future Shop (FutureShop.ca), Geek Squad (GeekSquad.com and GeekSquad.ca), Pacific Sales Kitchen and Bath Centers (PacificSales.com), Magnolia Audio Video (Magnoliaav.com), Jiangsu Five Star Appliance Co. (Five-Star.cn) and Speakeasy (Speakeasy.net). Best Buy supports the communities in which its employees work and live through volunteerism and grants that benefit children and education.