Omni-Channel Planning Blog Series ? Are You on the Right Track? ? Thought02

Posted by Drew Larson on May 19th, 2016

The “most common” definition of Omni-channel retailing is enabling customers to shop and return merchandise across any of the channels (stores, e-commerce, catalog, mobile). Catalog and mobile channels being a relatively small portion of the sales for most retailers, it effectively reduces the problem to store and e-commerce.

  1. A lot of retailers have been doing “multi-channel” retailing for decades. Two things changed:
  2. Rise in e-commerce spending leading to a larger share of revenue from e-commerce.

Consumers shopping behavior – Earlier there was a belief that the consumer who shops in a store is different from the consumer who shops online. This belief has been invalidated. There is consensus that the same consumer shops across channels and they expect a more seamless shopping experience.

In summary, a lot of retailers have been operating multiple channels for the last two decades. However, they have been operating in silos internally as well as customer facing. Omni-channel requires a retailer to eliminate the silos from a customer experience perspective as well as internal operations. To put a marketing phrase around it: “One customer, One inventory, One price, One Experience”.

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o9 Solutions have built an Intelligent Decision Management Platform for Visibility, Analytics, Planning, Collaboration, and Continuous Improvement across Sales, Supply Chain, Product Innovation, Integrated Business Planning & more. Its system that changes when the business changes. Management made smart, simple, and fun.

Source: https://www.o9solutions.com/omni-channel-series-2/

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Drew Larson

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Drew Larson
Joined: March 29th, 2016
Articles Posted: 6

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