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A blueprint for success Part I: The challenge of managing online retail A blueprint for success Part II: The Amazon way 04 H 06
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A blueprint for success Part III: 08 How to manage the online channel: An integrated approach G Adopting a data mindset in a retail organisation 18
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eCommera is the pioneer of DecisionIntelligent Commerce, enabling retailers everywhere to realise their growth potential.
To nd out how we can help grow your eCommerce business contact us at info@ecommera.com or call us on +44 (0)203 530 5800 www.ecommera.com
The Trading Intelligence Quarterly is now called Decision Intelligence. To subscribe, visit www.ecommera.com
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we outline why multi-channel retail is sufciently distinct from its traditional counterpart that it demands a new management approach. It may be no surprise that Amazon inspired this issue all online retailers need to learn how to manage like Amazon, or ideally better than them. We examine Amazons Kaizen-inspired approach to management in Part II: The Amazon way. Turning philosophy into practical reality, we map out our blueprint for retail management in the article Part III: How to manage the online channel: an integrated approach. Extrapolating from Amazons approach, we dig deeper into what exactly eCommerce managers need to be doing. We close this issue with an article by data pioneers Andreas Weigend, former Chief Scientist at Amazon, and Gam Dias, Principal of First Retail. They explain why and how retail organisations should underpin their management philosophy with a data mindset. We hope that you nd this issue thoughtprovoking. We would be delighted to have the opportunity to discuss how we can help you grow your business with the right products, services and insight.
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The Leader I wanna be the leader I wanna be the leader Can I be the leader? Can I? I can? Promise? Promise? Yippee Im the leader Im the leader OK what shall we do?
Roger McGough
Measuring: How do we understand whats happened and what to focus on? A new set of unfamiliar metrics that often give the illusion of insight. Reviewing: Whats worked well and what needs to change? A tsunami of data that offers huge potential for insight but often frustrates in practice. Adapting to this new reality is a real challenge for anyone selling online to consumers whether traditional retailers or brand owners. Applying a traditional retail playbook in the new customercentric, interconnected, data-everywhere world is a recipe for failure. This article outlines the management challenge: why is managing the online channel different (and harder) than ofine?
The retail management challenge may sound simple: how to choreograph the myriad activities required to make a retail business work, grow and make money. Good retail managers know how to plan, how to make decisions, how to take action, what data to collect, what metrics to track and how to review performance. However, the online channel is forcing retailers to evolve their approach: Planning: Where are we going? How are we going to get there? A new growth dynamic driven by customer acquisition and retention, where plans need to line up across marketing, product and customers. Acting: What do we need to do? How do we make stuff happen? A new set of activities and associated costs that are often process-heavy, analytically complex and intermingle previously separable activities.
Ofine management is relatively easy (or well understood) and many retailers do it very well
There are lots of successful retailers in the world. Many have been big and protable over a very long period. Consequently, the management of retail is a well-established discipline. A good illustration is the Nordstrom Employee Handbook which was, for many years, a single 5x8 inch card containing one rule:
Nordstrom Rules
Rule # 1: Use best judgement in all situations. There will be no additional rules.
Please feel free to ask your department manager, store manager, or division general manager any question at any time.
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This works in an environment where: 1) Planning is conceptually easy. Growth is driven by small annual improvements and new stores. 2) Actions are well understood. Managers often have direct experience of the activities they are managing. 3) Measuring outcomes tells the story. Its easy to review performance over time, across peers, across stores, and across categories. 4) Reviewing the impact of actions is observable (both people and stores). Plus theres lots of history of what success looks like.
and that product coding (photography, attributes, descriptions) are done promptly and to a high standard. This turns out to be easy to do badly and many simple things can go wrong: products gathering dust in the warehouse because they are missing a data eld, products that can never be found on the site because theyve been miscoded or products that are un-buyable due to lack of images. Difcult to optimise (due to complexity). For example, working out when to send a win-back email to a customer and how much value to offer him/her is mathematically extremely complex. Many retailers simply treat customers who havent purchased for 6 months as lapsing and those that havent purchased for 12 months as lapsed. They then broadcast ever more desperate (and blunt) promotions to win them back. Clearly, a more nuanced approach is to understand individual customers purchasing dynamics and target them accordingly. Interconnected actions that challenge the organisation, and where its easy to fall between departmental cracks. For example, when a product isnt selling online, you need to work out if its because its not on the site (warehouse), its not being viewed (product visibility), its not appearing in search results (product set-up) or its simply not being purchased (price/availability/ image/description). These are typically owned by different parts of the business. *** Physical retail is visible and comparable, while online retail is less visible and more difcult to compare. The simplicity of physical retail is being replaced with the multiple interconnected processes of online. It is difcult to overstate the shift in management required to navigate this new and unfamiliar world. But it is not an insurmountable challenge; we can learn quickly from retailers already paving the way.
Planning
For 2010, we have 452 detailed goals with owners, deliverables, and targeted completion dates..Taken as a whole, the set of goals is indicative of our fundamental approach. Start with customers, and work backwards. Listen to customers, but dont just listen to customers also invent on their behalf. Jeff Bezos, Letter to Shareholders, 2010 Amazon has recognised the criticality of planning at the input level. There are complex interactions between customer, site, product and marketing decisions. Planning based on outcomes makes it impossible to work out exactly what each team needs to deliver.
irby, J and Stewart TA (2007). The Institutional Yes Harvard K Business Review
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Acting
We look at the number of customer contacts per unit sold. Our customers dont contact us unless somethings wrong, so we want that number to move down and it has gone down every year for 12 years. Thats big-time process management. We try to implement those kinds of processes in various places. Theyre most naturally applied in our fullment centers and in customer service and so on, but weve actually found that they can be useful in a bunch of different things.2 Jeff Bezos, Interview with Harvard Business Review, 2007 The Amazon discipline is to hold people to account for their inputs, and align the organisation around them. The Amazon mantra is that you will never get red for missing a sales number, only for missing your inputs. It understands that holding people to account for things they cant control is a recipe for failure (or dysfunctional behaviour).
Amazon is one of the few (and possibly only) retailers in the world where the CEO doesnt obsess about conversion rate. In Amazon-land, you can cry about conversion but you cant directly do anything about it. The Amazon discipline is to measure things that are actionable if a measure doesnt directly drive an action, they dont talk about it.
Reviewing
At a fullment centre recently, one of our Kaizen experts asked me, Im in favour of a clean fullment centre, but why are you cleaning? Why dont you eliminate the source of dirt? Jeff Bezos, Letter to Shareholders, 2008 Many retailers spend their time reviewing whats happened. By contrast, the Amazon culture is to focus on what you can actually do about it. Input metrics are continually evolved and rened. The key to Amazons success is the relentless focus on the search for the right metrics. Theres an incredible amount of challenging the other person, says Manfred Bluemel, a former senior market researcher at Amazon. You want to have absolute certainty about what you are saying. If you can stand a barrage of questions, then you have picked the right metric. But you had better have your stuff together. The best number wins. *** Amazon has provided many of the answers for online retail managers. It is not a blank canvas, we have an inspiration to aim for and learn from and who knows, eventually outperform!
Measuring
Senior leaders that are new to Amazon are often surprised by how little time we spend discussing actual nancial results or debating projected nancial outputs. To be clear, we take these nancial outputs seriously, but we believe that focusing our energy on the controllable inputs to our business is the most effective way to maximize nancial outputs over time. Jeff Bezos, Amazon Interview with Harvard Business Review, 2007
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A blueprint for success Part III How to manage the online channel: An integrated approach
Give me grace to accept with serenity the things that cannot be changed, courage to change the things which should be changed, and the wisdom to know the one from the other. Reinhold Niebuhr
The challenge for managers is to develop a coherent approach that coordinates the multiple interconnections of the online channel. Traditional methods wont work. We believe that a totally new management framework is required. If you get it right growth is more predictable, actions are co-ordinated and executed, diagnosing performance is straightforward (you know why business is good or bad), and the review process is comprehensive (theres nowhere to hide). At the heart of the approach are four iterative steps that need to be applied to the ve core trading elements of eCommerce (customer, marketing, site, product, operations): 1) Plan: Where are we going? How are we going to get there? 2) Act: What do we need to do? How do we make stuff happen? 3) Measure: How do we instrument the business to understand whats happened and where to focus? 4) Review: Whats worked well and what needs to change?
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This approach is inspired by Amazon which has, in turn, been inspired by the process revolution that emerged from Toyota (Kaizen/Lean) and Motorola (Six Sigma). At its heart is a focus on granular instrumentation, process optimisation and continuous improvement. This is the only way to ensure that the business is joined up. Here we examine each of the four steps in turn: why it is important, what typical challenges will arise, and how to approach it for a successful outcome.
Plan
Everybody has a plan until they get punched in the face. Mike Tyson For 2010, we have 452 detailed goals with owners, deliverables, and targeted completion dates.. Taken as a whole, the set of goals is indicative of our fundamental approach. Start with customers, and work backwards. Listen to customers, but dont just listen to customers also invent on their behalf. Jeff Bezos, letter to shareholders, 2010 Its hard to argue about the importance of planning. It is vital for everyone in a business to be clear on where you are trying to get to (destination) and how you are going to get there (deliverables).
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Separate plans are needed for each of the ve core trading elements of the business: The key to a good plan is to ensure coherence across all areas of the business. The table below gives an overview of the questions that a plan should address. Customers How much revenue do we expect from existing customers next year? How many new customers do we need to hit our target? How much should we invest in customer acquisition versus retention? What is our share of addressable spend of our high value customers? What range and stock do we need to deliver our target? Does the product launch schedule align with the revenue prole? Do we have the right brands/categories to acquire new customers? Do we have the right brands/categories to retain our high value customers? What marketing budget is required to deliver the customer acquisition and retention targets? How should the acquisition and retention budgets be allocated across marketing channels? Is the marketing calendar joined up with product and customer? What new functionality will be added to the site? What benet will be expected by when? Is the site refresh cycle aligned with customer behaviour? Is the resource plan aligned to deliver an exceptional customer experience? How do we make the right trade-off of service versus cost? Does the daily/hourly operational plan align with planned major marketing activity?
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There are hundreds of activities that need to be done to make an eCommerce business work, and thousands of small actions that might be worth doing.
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Act
The major difference between a thing that might go wrong and a thing that cannot possibly go wrong is that when a thing that cannot possibly go wrong goes wrong it usually turns out to be impossible to get at or repair. Douglas Adams focus on defect reduction and execution a bunch of techniques, like Six Sigma and lean manufacturing .tools to create repeatable processes and to know where those processes made sense. Customer contacts per unit sold has gone down every year for 12 years. Thats big-time process management.3 Jeff Bezos There are hundreds of activities online that need to be done to make an eCommerce business work, and thousands of small actions that might be worth doing. Many of these activities are new and unfamiliar to traditional retailers. Moreover, the evolution of eCommerce technology continues to catalyse ever more new activities. In addition, as businesses scale and technology improves, uneconomic activities become economic. Unfortunately, many activities are often simply not done, done badly, obfuscated by digital natives or fall between organisational cracks.
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Poorly prioritised Its easy to focus on the shiny new thing before the basics are in place what one eCommerce leader describes as icing on the cake for which we do not yet have the ingredients. Experience is required to know what the basics are and management discipline to get the basics right rst. Common pitfall #3: Executing effectively Under resourced The resource required to manage an online store is variable by many factors, including: number of products, customers, keywords or landing pages. Often CEOs have created the smallest online team possible to keep the lights on this is a false economy, you need sufcient resource to evolve. Unclear ownership Things can go wrong very quickly if actions are either not owned, or have multiple owners with subtlely conicting objectives. For example, who should own product sort orders on the web site the merchandiser who wants to drive gross margin, or the site manager focused on conversion rate? Poorly executed Ensuring high quality execution is particularly challenging where many of the actions cannot be observed. For example, an electronics retailer identied that a thousand key products were receiving no trafc from Google. The resolution was to change match type rules buried in a bid management system. This was a critical task but it was extraordinarily difcult to give the CEO visibility that it had been executed, and that the problem would not repeat.
Blame technology Execution should be constrained but not excused by technology. Its easy for people to make excuses of what cant be done, rather than what can. And its critical that technology is seen as an enabler.
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The table below highlights the granularity of action for each area: Customers Retailers need to think about customers as individuals and think in terms of customer next best action given everything we know about this customer, what do we do next? Customers may be aggregated into segments to take action, but this should be an outcome, not the starting point The manner in which products are presented and found online requires retailers to think about actions at product-level, product-colour level and SKU-level This includes: managing product sort orders, deciding when to delist colours, merchandising broken ranges, deciding when to move stock between stores and online, managing inbound trafc to specic products etc Retailers need to optimise at the most granular level possible for each marketing channel: Its dangerous to optimise Google at an aggregate level when the real action happens on a keyword by keyword basis. Moreover, its also critical to work out what to optimise at keyword-level, ad group-level and campaign-level. Afliates need to be looked at both by type (cashback, voucher, content, shopping engine) and individually Retargeting advertising has to be optimised based on the creative, publisher and customers/visitors being retargeted More generally, every channel has its own tactics to maximise protability Optimising the site requires on-going detailed funnel review by step, by customer, by geography, by entry point to understand where the bottlenecks are. Data needs to be combined with anecdote from site surveys, usability tests or site recording tools Site actions need to taken: by individual page, by page-type and by customer Every stage of the order process from point of order to receipt of goods by customer needs to monitored and continuously improved Critical actions are the monitoring of all service failures, and causes of in-bound service enquiries
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Measure
What gets measured, gets managed. Peter Drucker Senior leaders that are new to Amazon are often surprised by how little time we spend discussing actual nancial results or debating projected nancial outputs. To be clear, we take these nancial outputs seriously, but we believe that focusing our energy on the controllable inputs to our business is the most effective way to maximize nancial outputs over time. Jeff Bezos, letter to shareholders, 2010 Knowing what to measure is crucial in the complex, interconnected world of online retail. Measurement is critical to understanding whats happened and to work out where to focus it requires turning the vast tsunami of online data into something meaningful. Measurement in online retail is challenging data is interconnected, complex and comes in vast quantities. Data is often incomplete and lives in silos. Perfect is often the enemy of good enough. Data (the raw material) needs to be turned into information (something useful) and then presented in a dashboard that makes it easy to interpret. Common pitfall #1: Measuring outcomes In physical retail, simple outcomes tell the story a clear picture emerges of performance across stores, across categories, across buyers and across managers. Metrics are mature and benchmarks are plentiful and meaningful. Online is a different story outcomes online give only the illusion of information. Outcomes are great when all the numbers are being hit, but they tell you nothing when numbers are missed (and if no numbers are ever missed, you are not being
ambitious enough!). Metrics like conversion rate are bandied around but the reality is that they are devoid of information. Why? a) Conversion gives an incomplete picture. Conversion rate is but one component of the online prot tree. At the very least, conversion rates always need to be considered in the context of visits and prot per order. Conversion going down may not be a bad thing. b) Conversion is an outcome of having the right products, pricing, availability, site experience and service. You cannot improve conversion in one go, but you can improve the individual and interconnected components: new/exclusive products, better availability, improved checkout ow, quicker delivery, and better service for VIP customers. c) Conversion is naturally volatile. Its a function of the source, destination and quality of trafc so the conversion rate online is always volatile, driven by the mix of trafc. Conversion must be systematically de-averaged to distinguish between benign uctuations of mix, and more interesting absolute trends. Common pitfall #2: Using the wrong inputs To make sense of the online world, you need to create a hierarchy of metrics outcomes that tell you whats happened at a high level; inputs that tell you whats been done, and where to focus. However, its not quite that easy there are three types of inputs to avoid: Meaningless metrics whose behaviour is not necessarily good or bad. A good example: percentage of orders in a week from repeat customers. If this increases, it could be either a good thing or a bad thing; it depends. Its easy to increase it by acquiring fewer new customers.
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Overly aggregated metrics where you end up with an average of an average. A good example of this is quoting a Google cost per order the challenge here is that (i) averaging trademark and nontrademark keywords obfuscates performance, (ii) it gives no sense of margin/prot/customer value, (iii) it gives no sense of volume. Self-congratulatory metrics which are akin to marking your own homework. An eCommerce operation whose primary metric is percentage of orders dispatched on-time and in-full (OTIF) may often give a false sense of success. The challenge is denitional exactly how on-time is dened. Typically it is the companys denition of on-time, not the customers.
Long run 1st to 2nd purchase rate Average time from 1st to 2nd purchase Number of customers past expected lapse point Percentage of orders with promotions Availability weighted by page view Percentage stock not viewed Percentage stock viewed but not purchased New customer acquisition cost Cash payback for new customers Marketing spend which generates no orders Bounce rate from paid marketing sources Number of searches with no rst page click Number of searches with no lters applied Number of pages with no inbound SEO trafc Number of broken links Percentage orders shipped on promise Average order cycle time First contact resolution Contacts per order
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Review
In God we trust, all others bring data. Edward Deming At a fullment centre recently, one of our Kaizen experts asked me, Im in favour of a clean fullment centre, but why are you cleaning? Why dont you eliminate the source of dirt? Jeff Bezos, letter to shareholders, 2010 Review is necessary to ensure continuous improvement: how to gain real insight from the data, diagnose the underlying causes of performance (good or bad), and discover new insights. Todays insight should be tomorrows business as usual. A great example comes from Sky Television when it observed both high churn and high inbound customer service enquiries. The typical response would have been to offer retention discounts and increase the call centre headcount. But Sky worked out that the root cause was poor set-top box quality. The action was obvious: invest more into box manufacturing. This sort of insight is clearly transformational churn and customer service queries declined and the rest is history: Sky is one of the most successful customer-centric businesses in the world. Reviewing an online business can be difcult. Physical retail is characterised by anonymous transactions, good enough data and insight based on gut and experience. Whilst retailers such as Tesco have used data to build great businesses, many retailers have succeeded without a datadriven approach.
Conversely, online there are bigger opportunities and threats: the opportunity to have a complete insight into customers, products and marketing, and the threat that your competitors may outinsight you. For example, they could work out that certain types of customers are high value and then outspend you on performance marketing. Or they could develop some deep customer insight and then communicate to your customers in a more relevant and timely manner (raising customers expectations in the process). There are many challenges to gaining insight from online data. The nature of eCommerce data makes it extremely powerful and equally dangerous its very easy to misinterpret data or simply draw the wrong conclusions. This is a battle for insight. Common pitfall #1: Reverse causality confusing correlation and causality Customer service contact does not increase customer value A retailer observed that customers who contacted the call centre had a high correlation with lifetime value. Its hypothesis led to encouraging customers to have a customer service interaction as a way to increase their value. Unfortunately, it turned out the causality was reversed: their loyal/engaged customers were simply the ones most likely to complain about an issue i.e., it was their value that drove their contact, not their contact that drove the value. Keyword match type does not drive protability A retailer reviewed protability by match type (exact versus phrase versus broad) and found that keywords on phrase match had signicantly higher protability than keywords on exact
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match. Their plan was to move more spend to phrase match which unfortunately turned out to be the wrong answer. In fact it was search intent that was driving protability: long tail keywords were being picked up on phrase match (and turned out to be very protable) so it was the specicity of the search phrase that was driving protability, not the match type. Common pitfall #2: Hidden factors/confounders the interconnectedness of data can mean the answer is not where you expect Availability not site Figleaves observed a declining site conversion rate and spent weeks trying to identify issues with site usability. The issue turned out to be product availability, which was only exposed when we started measuring page-weighted availability we were regularly going out of stock of our highest viewed products. Operations not marketing Barnes and Noble observed a low customer retention rate which they hypothesised was to do with a failing CRM plan. It turned out to be nothing to do with marketing, and was driven by a failure to deliver on promise. Customers were promised books in 2-3 days and they were arriving after 4-5 days. Common pitfall #3: Bad analysis look at the data in the right way, or risk a sign-ip where the wrong analysis will lead you to take the entirely wrong action: Product versus customers Figleaves worked out that many of our brands such as La Perla looked unprotable but were great sources of new high value customers. In 2008, the new management at Figleaves applied the tried and tested principles of Tescos
merchandising management to premium multibrand lingerie. They ranked the suppliers by protability and delisted the unprotable ones La Perla was cut, along with many others. The business lost its most valuable customers. P roduct versus customers A department store observed that customers buying TVs as their rst purchase often only bought TVs. But customers who bought beds often also bought pillows, duvets, sheets and TVs (the hypothesis was that a new bed was a trigger that they were redoing a room). The insight was to price beds as a customer acquisition mechanism.
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Examples of the questions that are solvable in the online channel: Customers What are the brands purchased by your most valuable customers? What marketing channels deliver your most valuable customers? Where should we invest the next in order to drive better customer retention? What products/brands are bought repeatedly by the same people (gems) versus which ones are only bought once (dogs)? Which brands are incremental versus cannibalise? Whats the optimal range size? Which marketing pathways acquire the highest value customers? What is the optimal marketing spend? What is the optimal allocation of marketing spend? Which elements of the site are being refreshed too frequently? Where are the blockages? Which technology enhancements will drive true incremental sales? What are the causes of inbound customer service? Whats the optimal trade-off of cost versus service quality? What can be automated or prevented?
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*** Many industries have gone through an analytics epiphany where the management discipline had to evolve from banking, insurance and airlines to hotels, consumer goods and supermarkets. Today, its the online channel that is being transformed. Five years ago, simply generating revenue online was considered success. No longer. Today, the online channel is a critical part of the retail landscape and needs to be a source of growth and prot. In many ways this is merely the warm-up. As online becomes ever more ubiquitous within physical retail, the management disciplines described here will need to be applied to the whole of retail. Retailers will have to adapt to a new way of operating their business or risk a very precarious future.
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The constant headlines about the retail landscape undergoing profound changes tend to be accompanied by the prescription of bigger and more complicated information systems to handle the ever-increasing quantities of data. Yes, brute force data processing does provide a return on investment. However, the greatest returns are often from less conventional business approaches to data, driven by an organisational culture that thinks about how to get and use data in every aspect of its operations.
This article explains how to adopt a data mindset one of the most critical management challenges facing online retailers today. 1. What is a data mindset? 2. The data champion 3. Get more data, give more data 4. Data for continuous improvement
Walmart
At a time where retailers used sales knowledge to negotiate better terms with suppliers, Walmart shared sales data with suppliers to increase availability.
Amazon
When website content was carefully authored by each retailer, Amazon pioneered customer product reviews creating a resource for online shoppers that became more inuential than authoured descriptions.
BestBuy
As online retailers focused on SEO searchability projects, BestBuys OPEN team offered an API to product data and local store inventory data which allowed developers to remix the BestBuy store into stores of their own a success story in increasing product ndability.
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Historically, retail managers most signicant business decisions were capital intensive with long cycle times enter a new geography or market; build a new distribution centre; or open 20 new stores. The nal decision was based on careful research, usually by some expensive analysts. Today, two things have changed in the decision making process: A) Shorter cycle times We simply add capacity in the cloud or launch via an online marketplace. Todays business is driven by many smaller and specic steps, each of which is measurable. B) Cheaper cost of analysis There are more data, more tools and more skills available to carry out analysis. Entering a new market no longer requires a market segmentation by an analyst rm and locally based advertising; today Facebook Graph advertising does it for free, in hours rather than weeks. These same shifts in data use can be seen in Formula 1. Telematics now send back data as the car is driving, not after the race, which allows the engine to be adjusted continually throughout the race. Retail is rapidly transforming its pace of decision making in the same way.
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U se keywords and phrases from site searches they can help stock control and product indexing, and over time help to decide what new products to add or where money can be made running PPC advertising for other retailers. Review internally what technology is needed to help every part of the business contribute to the data pool. Can you install in-store cameras to examine queuing and checkout and re-deploy resources real time to minimise customer wait time? How can shrinkage be measured in the supply chain or store? Can we use predictive analytics to determine where theft is likely to occur next? Identify external sources of data that will provide new competitive insights. The Social Graph is a great source of data about customers and their
social networks and the online advertising game is now allowing retailers to target look-alike audiences. What would happen if adjacent retailers were able to share information in a co-optition model? Looking outside retail, there are also plenty of businesses using data exhaust (the data produced as a by-product of another activity) to great effect. Google indexes the web and allows people to search it for free. This data exhaust is an aggregation of search words which are then used in an Adwords auction search term to advertisers. LinkedIn allows people to upload, store, update and share their CVs. This data exhaust is an aggregation of the movement of people between companies, which recruiters pay to advertise and nd potential candidates.
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Give more
It may feel counter-intuitive, but you should share your data with your suppliers and partners, as well as your customers. It will empower decisionmaking all along the chain. T o suppliers: Sharing data with your supplier network will help them action improvements and optimise processes to provide a better service. For example, Walmart shares its sales data with its suppliers to help them better predict demand and be proactive in ensuring availability. To customers: Guide your customers buying decisions. Sears Holdings has a large base of customer data that they offer to other retailers implicitly via ShopYourWay and explicitly via Metascale. Rather than intrusive push campaigns, customers are presented with products that are relevant and perhaps outside the Sears assortment while they are browsing. Sears also benets from getting feedback into their online marketplace on which new products to offer.
DynamicAction
Part of your formula for success.
DynamicAction
DynamicAction, a decision intelligence product, helps eCommerce teams work together to accelerate online sales and protability by:
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erging the data from the many silos M across the eCommerce operation Presenting a single integrated view of eCommerce business Identifying the root causes of fluctuations in online sales Creating team worklists prioritised by their impact on prot
One thing DynamicAction has taught us is that theres a huge number of opportunities even within what we thought was a reasonably well run operation theres quite an awe inspiring number of issues which are uncovered by DynamicAction and they all relate to the business we do now rather than what we might be doing in the future which is very inward looking. So rather than investing in 4 new sites, we think theres a lot more to be made out of our current operation. Andrew Mossman, Director of Home Shopping, TM Lewin Visit www.ecommera.com/products/ dynamicaction for more information
With DynamicAction your eCommerce team will be focused and co-ordinated around the insight that accelerates growth.
Contact Bethan Fryer at bethan.fryer@ecommera.co.uk Tel: (0)203 530 5800 info@ecommera.com www.ecommera.com
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