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Omnichannel Retail
Trends and Best Practices
Ecommerce in India
• $23 Billion projected market size by Mar 2016
• $100 Billion by 2020
• 500 Million internet users by 2017
Omnichannel retail
Case in point
• 100 franchised stores
• Uniform Invoicing
• Standardized Store layout
• High selling products in store – rest
in centralized warehouses
• Built in Manufacturing capability
Characteristics of Omni-channel Retail
• Uniformity of Catalogue
• Synchronization of Inventory
• Single Customer Database
• Unified view of back-end operations
Other Examples
Online Retail - Metrics
• Average Basket Size and Margins
• GM = SP – (Shipping x (1+ return ratio) + Packaging + Manpower per package) – Cost Price
• Return ratio = no. of returned shipments / no. of successful shipments
• Manpower per package = Salary x ratio of non-idle time devoted
No. of Shipments Packed
• Average SLA
Offline Retail - Metrics
• Conversion Ratio = Walk-ins / No. of Invoices
• Average Ticket Size
• GM = SP-CP
• Returning visits per year
Inventory - Metrics
• Fill Rate = How many orders did I fulfill / Total orders received
• Inventory Turnover = Total Costs of Goods Sold / Inventory Value
GST
Aayega!
Prepare yourself
What is it and how do we prepare
• Single Unified Tax for Service as well as Goods
• CGST, SGST and IGST
• Built on India Stack – Aadhar, eSign, eKYC and IUP -> GSTN
• Simplified return management
• Increased Traceability of goods
Technology in Retail
• Webstores
• Point of Sale Solutions
• Marketplace Panels
• Accounting Solutions
• Omnichannel Integrated Solutions
• CRM
How to build awareness in a crowded
marketplace
• SLA Commitment
• Service – that extra touch. Make the customer remember you
• Differentiate with a rich catalogue
• Loss leaders
• SEO – long term investment
Q&A

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What is Omnichannel retail?

  • 2. Ecommerce in India • $23 Billion projected market size by Mar 2016 • $100 Billion by 2020 • 500 Million internet users by 2017
  • 3.
  • 4.
  • 6. Case in point • 100 franchised stores • Uniform Invoicing • Standardized Store layout • High selling products in store – rest in centralized warehouses • Built in Manufacturing capability
  • 7. Characteristics of Omni-channel Retail • Uniformity of Catalogue • Synchronization of Inventory • Single Customer Database • Unified view of back-end operations
  • 9.
  • 10. Online Retail - Metrics • Average Basket Size and Margins • GM = SP – (Shipping x (1+ return ratio) + Packaging + Manpower per package) – Cost Price • Return ratio = no. of returned shipments / no. of successful shipments • Manpower per package = Salary x ratio of non-idle time devoted No. of Shipments Packed • Average SLA
  • 11. Offline Retail - Metrics • Conversion Ratio = Walk-ins / No. of Invoices • Average Ticket Size • GM = SP-CP • Returning visits per year
  • 12. Inventory - Metrics • Fill Rate = How many orders did I fulfill / Total orders received • Inventory Turnover = Total Costs of Goods Sold / Inventory Value
  • 14. What is it and how do we prepare • Single Unified Tax for Service as well as Goods • CGST, SGST and IGST • Built on India Stack – Aadhar, eSign, eKYC and IUP -> GSTN • Simplified return management • Increased Traceability of goods
  • 15. Technology in Retail • Webstores • Point of Sale Solutions • Marketplace Panels • Accounting Solutions • Omnichannel Integrated Solutions • CRM
  • 16. How to build awareness in a crowded marketplace • SLA Commitment • Service – that extra touch. Make the customer remember you • Differentiate with a rich catalogue • Loss leaders • SEO – long term investment
  • 17. Q&A