Omni-Channel Retail and the Supply Chain
Working Together for a Competitive Advantage
Format:Hardback
Publisher:Taylor & Francis Ltd
Published:26th Nov '20
Currently unavailable, and unfortunately no date known when it will be back
Omni-Channel Retail and the Supply Chain
The days of going to the local department store to buy a television, view the options available, and make a purchase now seem "quaint." The emergence of the internet, smartphones, social media, and other technologies has opened a world of new options for consumers (and businesses) to review, research, and buy online with an ever-increasing array of delivery options.
The emergence of e-commerce has resulted in what is commonly known today as "omni-channel" marketing, in which customers engage with companies in a variety of ways, including in a physical store or online via websites and mobile apps. This process puts the supply chain "front and center," as consumers are increasingly demanding and browsing, buying, and returning goods through various channels, not just the traditional "brick and mortar" way. To accomplish this with high levels of service while remaining profitable requires real-time visibility of inventory across the supply chain and a single view of consumers as they continuously move from one channel to another.
While this is a boon to consumers, it has made the already complex global supply chain even more challenging to manage. On top of that, the 2020 Covid19 pandemic has accelerated this omni-channel retail trend, as consumers need even more ways to order and additional options for last-mile delivery, such as curbside pickup. Covid19 has exposed a lack of flexibility and readiness, resulting in shortages of everything from toilet paper and meats to personal protective equipment (PPE) and ventilators. It has been a real-life example of the "bullwhip effect," where variability at the consumer end of the supply chain results in increased variability as one goes upstream towards distributors, manufacturers, and suppliers. This results in shortages, misallocations, and increased costs.
No longer can a manufacturer, distributor, or retailer of consumer products just "fill the pipeline" and wait for orders to come in. Now, they must anticipate various purchases and delivery items, while at the same time minimizing costs. To do this is no easy task, requiring a Lean, agile, and responsive supply chain.
Until now, there was no existing "playbook" for organizations to navigate their way through this new world. This book describes the impact of omni-channel marketing on the supply chain and logistics functions, and is intended to help management...
The shift to omni-channel represents one of the most profound transformations in distribution and to supply chain as a whole. Getting it right will make the difference between winners and losers in the next few years. A must read to navigate these changing waters.
- Ron Kubera, Senior Vice President and General Manager, E2open
The growth in online retailing represents a revolutionary change that is affecting companies of all kinds. And, the development of omni-channel distribution is a key part of this revolution. Myerson’s book provides a thorough coverage of what may be one of the most important business developments to hit the business landscape since the Internet.
- Robert J. Trent, Ph.D., Author of Supply Chain Financial Management
Paul Myerson neatly breaks down the omni-channel retail supply chain strategy with practical, step-by-step, guidance for companies to consistently satisfy consumer demand and enhance profit margins while navigating frequent regional market hiccups as well as weathering the occasional global disruption, like what we are facing now with the COVID-19 pandemic.
- William J. Bajor, Ph.D., Director, Graduate and Extended Studies, East Stroudsburg University
Myerson’s text is a fascinating exploration of omni-channel supply chains that starts with their history and goes on to discuss best omni-channel retail strategies and the future of the omni-channel approach. Reading this book will be time well spent for both marketing and supply chain management students as well as industry practitioners.
- Dr. Mikhail M. Sher, Assistant Professor, Department of Management and Leadership, Leon Hess Business School, Monmouth University <
ISBN: 9780367641979
Dimensions: unknown
Weight: 508g
266 pages