NEW YORK, NY and COLUMBUS, OH--(Marketwire - October 19, 2009) -
Deloitte and
Sterling Commerce, an AT&T Inc
(
NYSE:
T) company, today announced the findings of the second-annual
meeting of the Cross-Channel Retailing Consortium, the industry's first
cross-channel think tank. Participants
identified the need for better metrics to measure cross-channel success,
the challenges in overcoming inventory management complexity and the
resurgence of call centers as a factor in delivering superior customer
service.
Led by Kasey Lobaugh, principal and Deloitte's U.S. Retail Multi-Channel
leader, and Jim Bengier, global retail executive from Sterling Commerce,
the Consortium is comprised of leading retailers, industry analysts such as
AMR Research and Retail Systems Research, and other retail thought leaders.
The meeting, held at Shop.org's annual summit on September 20, 2009,
focused on how retailers can create a compelling cross-channel customer
experience -- with multiple selling, sourcing, distribution and fulfillment
channels working together to create a seamless and valuable shopping
experience.
"Retailers recognize the potential of a multi-channel brand experience to
deepen customer relationships and boost profits, but a thorough roadmap
tailored specifically to each retailer's brand proposition is typically
needed to plot the best route possible," said Lobaugh. "During this
meeting, we discussed the different approaches that retailers are taking to
achieve cross-channel excellence and deliver a transparent shopping
experience to the customer regardless of channel."
At the Consortium's inaugural meeting in September 2008 participants
outlined a strategy for
cross-channel execution, highlighting the need for a complete
"re-wiring" of retail. This year's meeting focused on tactics to support
that strategy, including the need to change today's single channel metrics.
The Consortium felt today's current comparable store sales measure is
focused only on store performance and does not properly represent the
influence and revenue generated by cross-channel customer shopping
behavior. Consortium participants agreed that a new, more meaningful
metric needs to be defined. Janet Sherlock, retail research director at
AMR Research, will lead an effort to create that metric and work toward
gaining industry acceptance for it.
Other key findings from the meeting include:
-- The call center is reborn. Attendees highlighted that call centers are
playing an increasingly important role as a critical touch point with
consumers. Successful cross-channel strategies embrace the call center as
an important channel for consumer personalization as well as up-sell and
cross-sell opportunities.
-- Inventory management remains the last frontier. Attendees agreed that
most retailers are in various stages on the path to cross-channel
retailing, with the final challenge being inventory management. This is
one of the last areas for most retailers to tackle because of the
complexity of integrating elements of the supply chain. Attendees also
highlighted the critical role of order management technology in overcoming
this complexity.
-- Successful retail leaders have cross-channel skills at multiple
levels. Attendees discussed the skills and experience they believe
executives and store associates need to successfully drive change and
manage cross-channel complexity. Among the trends identified was the
increased number of Internet lines-of-business owners stepping into senior
executive roles. Attendees also spoke about the opportunity for retailers
to deliver on the customer experience through cross-channel sales
associates.
"As we predicted last year, the need for cross-channel retailing has become
a reality in 2009," said Bengier. "Retailers are taking bold steps toward
rewiring their retail operations. Our work with the Consortium will help
retailers continue this transformation as they employ
order management technology to solve
their
inventory management challenges and leverage their call
centers as a critical customer channel."
A webcast on the Consortium meeting findings will be held November 17.
More information on the webcast can be found at
http://www.sterlingcommerce.com/go/cc-consortium-findings_webcast.
About Deloitte
As used in this document, "Deloitte" means Deloitte Consulting LLP and
Deloitte Services LP, separate subsidiaries of Deloitte LLP. Please see
www.deloitte.com/us/about for a detailed description of the legal
structure of Deloitte LLP and its subsidiaries.
About Sterling Commerce
Sterling Commerce, an AT&T Inc (
NYSE:
T) company, helps companies optimize
and transform their
Business Collaboration Network to
accelerate revenues and reduce costs. Sterling Commerce provides more than
30,000 customers worldwide
applications and
integration solutions to connect, communicate and collaborate
inside and outside their enterprise. More information can be found at
www.sterlingcommerce.com.
Contact Information: Contact:
Courtney Flaherty
Public Relations
Deloitte
+1 203 905 2708
cflaherty@deloitte.com
Julie Redard
Public Relations
Sterling Commerce
+1 978 513 6386
julie_redard@stercomm.com