In times of global, business and economic uncertainty – when data points are changing on an hourly basis and supply chain responsiveness and flexibility are more critical than ever – being able to trust your company’s data is paramount.Read More
Every year, NRF provides a window into the future of retail and NRF 2020 did not disappoint. Stibo Systems had a strong presence at the event and our team was inspired as always by the keynotes and informational presentations. Even more impactful were the variety and number of conversations with existing and potential customers as well as global industry leaders we met at the show.Read More
It’s quickly approaching that critical time of year for retailers. Marketers are finalizing their campaigns to attract more consumers into their stores – and to shop with them online – this holiday season. A recent survey conducted by The Harris Poll/OpenX estimates that holiday spending will be up 5% this year compared to last year, with online shopping accounting for more than 50% of all purchases.Read More
Across industries and trades, master data management (MDM) solutions result in positive business outcomes through improving efficiency and enabling new business. In addition to that, master data management is necessary to ignite digital acceleration and facilitate data governance.Read More
People who want to lose weight study nutrition facts. They want to know the total amount of calories, percentage of calories from fat, protein, carbohydrates, cholesterol, allergens and many other facts. The higher the awareness, the more scrutiny of information the consumer will exercise.Read More
For online retailers, one of the biggest challenges that directly impact the customer experience is inaccurate product data. If the image doesn’t match the description, reviews aren’t associated correctly, dimensions are inaccurate, or the description doesn’t live up to the actual product then chances are good that the product will be returned. This leads to additional costs for freight and extra handling and maybe even loss of customers. By consolidating and mastering your product data, product returns can be reduced by 25%, creating tremendous opportunities for cost savings and improving customer loyalty.
Being an MDM manager certainly means being in demand and at the center of attention. The reason is as simple as it is awe-inspiring: as an MDM manager, you’re leading the charge for providing high-quality data, developing the master data strategy and overseeing system acquisitions and integrations. You collaborate with a variety of stakeholders – planners, program managers, product developers, marketing professionals, supply chain managers, senior management and executives. If your organization has a chief data officer (CDO), it’s likely your work contributes to the decisions that person is making.Read More
According to a survey by consulting firm Accenture, consumers demand that retailers make cross-channel shopping easier. Consumers are using multiple channels in which to shop for products; some view a catalog, but then make their purchase online, and some browse the internet prior to shopping in store. Shopping behavior depends upon the product being purchased, but nevertheless, consumers are cross-channel shopping and retailers need to make it easy for them. Accenture points out that 73% of consumers expect retailers to offer the same prices online as in stores and 43% of shoppers expect the same product assortment regardless if they shop online or in store. How frustrating is it to see pricing online for a product and then you visit the store only to find out that the price is for online purchases only! Or better yet, you see the product online and then they don't carry it in stores. This happens much too often. Cross-channel consumers want seamless interaction with a brand whether they shop online, in-store, or on a mobile device.Read More