Report cover image

IDC PeerScape: Practices to Optimize Inventory Across Omni-Channel Retail

Publisher IDC
Published Mar 13, 2024
Length 6 Pages
SKU # IDC18629799

Description

IDC PeerScape: Practices to Optimize Inventory Across Omni-Channel Retail


This IDC PeerScape is one of a two-part series that aims to home in on specific practices retailers can enable through improved processes and technology to improve customer experience, profitability, and sustainability outcomes across the end-to-end order life cycle. While inventory, orders, and fulfillment must all come together effectively, using one set of visible data, there are distinct processes and practices that effect each node. In this part 1 of the omni-channel series, we look at inventory-focused practices. Part 2 will take a look at practices that lean more toward the order orchestration and fulfillment side. "Today's customers operate in an anytime-anywhere omni-channel shopping environment, and their expectations are high and have accelerated over recent years," says Jordan Speer, research director, IDC Retail Insights. "Businesses with modern, integrated technology and a digital-first mentality are better prepared with the infrastructure to support the full customer ordering journey from pre- to post-purchase, including intelligent inventory promising and optimized order orchestration, fulfillment, delivery, and returns processes across the supply chain. They are also more resilient, better able to build loyalty by delivering the right product at the right price at the right place at the right time — while ensuring that they themselves can operate sanely, sustainably, and profitably."

Please Note: Extended description available upon request.

Table of Contents

6 Pages
IDC PeerScape Figure
Executive Summary
Peer Insights
Practice 1: Improve Order Sourcing with Real-Time Inventory
Challenge
Example
Guidance
Practice 2: Protect In-Store Inventory
Challenge
Example
Example
Guidance
Practice 3: Optimize Margin in Inventory Promising
Challenge
Example
Example
Guidance
Practice 4: Reserve Inventory During Checkout
Challenge
Example
Guidance
Practice 5: Sell Against Future Inventory
Challenge
Example
Guidance

Pricing

Currency Rates
How Do Licenses Work?

How Do Licenses Work?

The primary function of a report license is to define how many people within a company are authorized to use the purchased report. This is separate to how a report might be delivered. Unless specifically identified otherwise, the purchase option is Single User. Below is a helpful description of that license, along with a sampling of others most commonly offered.

  • This license allows only one user to have access to and to use/read the report. It is not one user at a time or one user group; it is an individual who will be reading and utilizing the report.

  • This license allows for the entire purchasing company to read and use the report. This is the license level that would allow for a report to be placed on an internal company shared drive for access by all employees of that direct company. This license does not extend to parent or sister company use.

  • This license is designed to allow an entire department within a company full access to a report. The departmental license is a great option for companies that have more than one location and the department is spread out all over the country/world

  • This license is for companies that have one location where they want the report to be accessible by all employees within that physical location.

  • This is the most flexible of the licensing options. Some publishers will allow you to get a license for a preset number of people (typically 5). These licenses are ideal for small work groups.

License options are at the discretion of each publisher. As such, not all licenses indicated above are available for every product. If you are uncertain of the best license for your needs or would like a license that is not proactively available, please contact us and we will be happy to assist.

Head shot

Questions or Comments?

Our team has the ability to search within reports to verify it suits your needs. We can also help maximize your budget by finding sections of reports you can purchase.
Chat Now
Contact Us