Welcome 10/25/2018 Westborough, MA.

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Presentation transcript:

Welcome 10/25/2018 Westborough, MA

Yes, Retailers and Distributors Can Survive and Thrive by Unifying Commerce and Supply Chain Retailers and distributors are finding success by moving beyond even omni-channel thinking to truly unified commerce Start with an intense focus on the end-to-end customer experience Full integration across both internal applications and your network of trading partners Connecting people, process and technology across commerce and supply chain operations

Omni-Channel to Unified Commerce

Unified Commerce

Omni-Channel Enablement Foundational Principles to Unified Commerce Best Practices to Convert Digital to Physical Omni-Channel Enablement Best Practices Enterprise Inventory Visibility Real-Time Visibility to all Inventory Order/Reserve online Capabilities Buy Online/Pick-Up In Store Accurate in-store inventory visibility (>98%) Short fulfillment times (< 30 Minutes) Customer Notification (<2 Hours) Ship-From-Store Same Day Pick and Pack (capacity analysis) Efficient Algorithms to Manage Fulfillment Ship-To-Store Easy process for store Receiving 3-Day SLA for ship-to-store orders Endless Aisle Structure staff training/testing on Tools Ease of Use (Same POS Interface) Enterprise Wide Inventory Visibility Order Orchestration Omni-Channel Enablement Customer Experience

The Age of Digital Transformation Your customers are empowered more than ever: Organizations used to own the experience Technology in customers hands has given them more choice and control Your customer now demands experiences along with their buying journey

The Age of Digital Transformation The physical store is rising in importance because of digital. The ability to buy online and pick up in the store has retailers using the stores as fulfillment centers. After all, 94% of total retail sales are still generated at brick and mortar stores, according to data from market research firm eMarketer. In the end, online shopping fosters a customer’s purchasing habits while brick and mortar supports a customer’s purchasing decision. 79.7% of all US shoppers prefer going to a store “because I can touch and feel the product” 73.5% prefer to shop at a store rather than online because “I am more confident that I am buying the right thing” Only 10-15% of U.S. adults make online purchases at least once a week, according to the Pew Research Center. 

SETTING THE CONTEXT

Is this really your answer to beating Amazon? 1

Is this really what you are focused on?

Order Life Cycle Management 1 3 5 7 Shipment/ Carrier Item Customer Payment 2 4 6 8 Inventory Fulfillment Return Order

Brian’s Purchasing Process

Omni-Channel Enablement Source: Forrester Research

Enterprise Inventory Visibility Multi-Enterprise Inventory Visibility Enterprise Inventory Visibility Vendor Inventory DC Inventory 3PL Inventory Retail Inventory

Unified Commerce Investments Many companies still need to invest a robust OMS to optimize omnichannel Additional investments are needed to optimize stores: Better tools for pick and pack Better tools for ship-from-store operations Many companies still need to invest in a TMS to manage inbound transportation and the life cycle of a Purchase Order

Invest in the Customer Experience

Invest in the Customer Experience

What is Your Role? The Goal Seamless & Consistent Customer Experience From Start to Finish… and you are NEVER Finished

CUSTOMER FIRST! Bust Silos!!!

Customer Engagement Life Cycle Technology Process People Bust Silos; Customer has to be first Processes built with customer as the center OMS is central to unified commerce

IF YOU REMEMBER NOTHING ELSE DIGITAL IS EVERYTHING, BUT NOT EVERYTHING IS DIGITAL COMMERCE IS ABOUT EXPERIENCE, NOT BRAND ACCESS. RETAIL IS THRIVING FOR THOSE THAT EMBRACE UNIFIED COMMERCE (PROCESS, PEOPLE, AND TECHNOLOGY) CUSTOMER EXPERIENCE DOES NOT STOP AT CHECKOUT. POST CHECKOUT IS WHERE YOU WILL DIFFERENTIATE YOURSELF UNIFIED COMMERCE PLATFORMS ARE THE CORNERSTONE TO THRIVE IN THIS GLOBAL ECONOMY & NOT POINT APPLICATION SOLUTIONS IF YOU REMEMBER NOTHING ELSE

Questions?

For More Information: candrews@envistacorp.com www.envistacorp.com