supply chain management can make or break omni-channel retail initiatives
TRANSCRIPT
Chain ReactionSupply chain management can make or break omni-channel retail initiatives
Supply chains need to be dynamic and agile to meet omni-channel expectations of customers. But building such a supply chain has its own challenges.
Consumer demands from an omni-channel experience
Personalization and smart deals
Silo-ed and inconsistent �ow of information hampering logistics management
Quick access to their favorite brands and designs through the channel of their choice
Improve brand loyalty and delight customers with an optimized supply chain that delivers
Easy shopping, returns and exchange
Lack of cross-channel visibility
Why omni-channel
matters?
Inadequate integration for order ful�llment
Lack of an end-to-end vendor management strategy
Establish collaborationStay relevant to omni-channel customers by using digital technologies to enhance collaboration between the retailer and supply chain
Ensure supply chain segmentationImprove responsiveness by using analytics to customize supply chain strategies to each channel, demographic segment, and geography
leverage big data and analyticsGain a holistic view of supply chain performance, and proactively plan for the future
Improve supply chain expertiseBuild skills and expertise in forecasting, cost and trend analysis, global business, and compliance and law
Embrace digitizationImplement a holistic digital strategy and deploy solutions such as RFID, e-invoicing, and mobile gateways for better demand forecasting, production planning, order ful�llment, warehousing and logistics management
Achieve omni-channel ful�llment Use advanced and integrated tools to manage orders, inventory, and exceptions to deliver omni-channel ful�llment
Primary objectives of multi-channelstrategy (Source: TCS ROBES 2014)
Common supply chain bottlenecks
Optimizing the supply
chain
Optimize your supply chain for
omni-channel retail
www.tcs.com/bps @TCS_BPS
% R
espo
nden
ts
0% 5% 10% 15% 20% 25%
Revenue enhancement18%
Geographical expansion through multiple channels 21%
Inventory optimization by moving assortment 13%
Pro�tability10%
Improvement in customer experience21%
Customer retention/loyalty17%
Source:TCS: Redesigning Retail Operations: A Digitally Connected Supply Chain for Accelerated Performance