BRP 2014 CRM/Unified Commerce Survey Summary

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Comprehensive Retail Consulting 1 ©2014 Boston Retail Partners. All rights reserved This is Unified Commerce! (based on results from BRP’s 2014 CRM/Unified Commerce Benchmark Survey)

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Within 5 Years, 75% of Retailers Plan to Identify Customers when they Walk in the Store, According to Boston Retail Partners’ 2014 CRM/Unified Commerce Benchmark Survey The 2014 CRM/Unified Commerce Benchmark Survey of top North American retailers offers insights into retailers’ current state and planned initiatives, priorities, and future trends that relate to customer relationship management (CRM) practices associated with the retail industry’s shift to Unified Commerce.

Transcript of BRP 2014 CRM/Unified Commerce Survey Summary

Page 1: BRP 2014 CRM/Unified Commerce Survey Summary

Comprehensive Retail Consulting

1©2014 Boston Retail Partners. All rights reserved

This is Unified Commerce!(based on results from BRP’s 2014 CRM/Unified Commerce Benchmark

Survey)

Page 2: BRP 2014 CRM/Unified Commerce Survey Summary

Comprehensive Retail Consulting

2©2014 Boston Retail Partners. All rights reserved

This is Unified Commerce!

Customers have forced a fundamental reshaping of retail, demanding a seamless convergence of the in-store and digital experiences that transcends channels

Page 3: BRP 2014 CRM/Unified Commerce Survey Summary

Comprehensive Retail Consulting

3©2014 Boston Retail Partners. All rights reserved

Where are you?

Where are you on the journey to deliver Unified Commerce?

Are you farther along the path than your competitors?

Has your organization unified enough to offer your customers a seamless shopping experience?

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Comprehensive Retail Consulting

4©2014 Boston Retail Partners. All rights reserved

A Unified Approach

Achieving Unified Commerce requires a “unified” approach within the organization:• Strategic Customer Initiatives• Technology• Business Processes• Execution

Page 5: BRP 2014 CRM/Unified Commerce Survey Summary

Comprehensive Retail Consulting

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Customer Experience Rules

Offering customers a seamless experience and ability to easily shift from one touchpoint to another

Page 6: BRP 2014 CRM/Unified Commerce Survey Summary

Comprehensive Retail Consulting

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Top 3 Current Initiatives

Customer experience is the driver

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Comprehensive Retail Consulting

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Analytics is Key Enabler

Real-time analytics allows retailers to perform analysis on the customer, transaction and inventory data as it streams in

Page 8: BRP 2014 CRM/Unified Commerce Survey Summary

Comprehensive Retail Consulting

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Engaging the Customer in Real-time

Real-time engagement requires capture of customer data and preferences at every touchpoint

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Marketing and IT Collaboration

Unification is helped by creating senior-level role responsible for developing marketing technology strategy and evaluating and implementing technology solutions

Page 10: BRP 2014 CRM/Unified Commerce Survey Summary

Comprehensive Retail Consulting

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Unified Commerce is the Mantra

Retailers that successfully deliver Unified Commerce will have done so by adopting a unified approach: • Unified initiatives• Unified processes• Unified technology• Unified execution

Page 11: BRP 2014 CRM/Unified Commerce Survey Summary

Comprehensive Retail Consulting

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Internet of Things is Next Big Thing

IoT shifts the customer experience as marketers can now interact with customer after the purchase through communication with the item purchased

Page 12: BRP 2014 CRM/Unified Commerce Survey Summary

Comprehensive Retail Consulting

12©2014 Boston Retail Partners. All rights reservedwww.bostonretailpartners.com

Download the full report at http://bostonretailpartners.com/resources/crm-unified-commerce-benchmark-survey/