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In the new world of integrated, multi-channel retailing, consumers should be able to find the products they want quickly and efficiently through the channel of their choice. A higher level of customer service is more critical than ever to survive and thrive, but this adds new complexities to integrating an operational patchwork of information systems, organizations, people and discreet business processes.
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Oakley & eCommerce Merchandising Critical Success Factors for Multi-Channel Planning
Retail’s Major DisruptionsRetail’s Major Disruptions
© 2012 7thonline. Inc
U.S. eCommerce on the RiseU.S. eCommerce on the Rise
10.1% Compound Annual Growth Rate
$202B $226B $327B7% (2011) 7% (2012)
9% (2016)
Source: Forrester Research
© 2012 7thonline. Inc
eCommerce: Global SpreadeCommerce: Global Spread
UK 10%
Latin America
2%
Asia-Pacific 3%
Global digital retailing: 15-20% of TOTAL SALES
© 2012 7thonline. Inc
7thonline
Mobile as Key EnablerMobile as Key Enabler
•8B Handheld Devices•Est. Sales: $31B -2016•Growth Rate: 39%
© 2012 7thonline. Inc
Social Media Plays a Major Role Social Media Plays a Major Role
© 2012 7thonline. Inc
eCommerce MerchandisingeCommerce Merchandising
I. Introduction
II. The Changing Consumers
III. Embracing Multi-Channel Retailing
IV. Organizational Reality for Retailers
V. Best Practices to Multi-Channel Integration
VI. Conclusion
© 2012 7thonline. Inc
Today’s Multi-Channel RealityToday’s Multi-Channel Reality
© 2012 7thonline. Inc
Multi-Channel Consumers Shop for BrandsMulti-Channel Consumers Shop for Brands
Outspend traditional shoppers by over 20% Exhibit strong loyalty to brand More likely to influence others to endorse a retailer or brand
© 2012 7thonline. Inc
Multi-Channel Creates Greater Business ValueMulti-Channel Creates Greater Business Value
Inventory optimization via integration of virtual
and physical stores
© 2012 7thonline. Inc
Organizational Reality for RetailersOrganizational Reality for Retailers
Technology
Organizational Legacy
© 2012 7thonline. Inc
Collaboration Across Channels
True cross-channel convergence is about making all retail channels operate in coordination and collaboration with each other.
Create operational efficienciesReduce complexity & redundancy
Provide consistent brand experience
Create operational efficienciesReduce complexity & redundancy
Provide consistent brand experience
© 2012 7thonline. Inc
eCommerce Platform as Part of Larger StrategyeCommerce Platform as Part of Larger Strategy
Overall Multi-Channel Strategy Aim
Grow RevenueReduce Inventory Cost
Extend Worldwide
© 2012 7thonline. Inc
Best PracticesBest Practices
• Define a customer experience program and implement it
• Ensure true Multi-Channel transparency
• Consolidate Multi-Channel supply chain management
• Deliver Multi-Channel services and targeted promotions
• Improve Multi-Channel loyalty capabilities
• Provide web-enabled call center systems
• Ensure embedded Business Intelligence throughout the enterprise
© 2012 7thonline. Inc
Embedded Business Analytics Throughout Your ProcessEmbedded Business Analytics Throughout Your Process
• Business Intelligence and Analytics for everyone in the organization
• Information on demand with no IT required
• Track current business trends as well as predict future demand
• Insights that allow you to anticipate change and proactively balance risks and opportunities
© 2012 7thonline. Inc
ConclusionConclusion
No longer manage eCommerce, retail commerce, B2B commerce separately…
Provide a true Consumer Centric Commerce experience
© 2012 7thonline. Inc
7thonline: Multi Channel Merchandise Management7thonline: Multi Channel Merchandise Management
© 2012 7thonline. Inc
Industry Acknowledges Market Leadership…Industry Acknowledges Market Leadership…
© 2012 7thonline. Inc
7thonline Thought Leadership Series7thonline Thought Leadership Series
Please visit www.7thonline.com
© 2012 7thonline. Inc