Retail customers are omnichannel. They increasingly expect to interact with retailers in a seamless way, combining aspects of different channels at different stages of their purchase journey. They want to place an order online and pick it up an hour later on their way to work, or return at the store an order they had placed online. We have been studying for many years how traditional retailers can become omnichannel retailers. It is not an easy transition and requires a fundamental change in the retailer’s processes, systems and strategy. This transformation is not about small adjustments but a complete redesign of the retailer’s business model.
In this course, part of the Retail Management Professional Certificate program, you will learn from retailers that are successfully navigating this transformation. You will explore how to attract omnichannel customers, what fulfillment options these customers expect, how retailers can leverage their online and brick and mortar presence, and what retailers need to support an omnichannel strategy. By the end of the course, you won’t be thinking about separated retail channels but one integrated retailer that is aligned to best serve today customer’s needs.
We have designed this course based on our own work in omnichannel retail. The course will suit a variety of participants from retail owners and undergraduate business majors, to retail specialists.
Week 1: The Omnichannel Customer
Customers are omnichannel
The conversion funnel
Retailer’s value proposition
Interacting with customers
Week 2: Fulfilling Omni-channel Demand
Designing a distribution network
Increasing delivery speed
The importance of information
The importance of ownership structure
Week 3: Omni-channel Journeys
Information-fulfillment matrix. Traditional vs hybrid models
Start your review of Omnichannel Strategy and Management
Sharine completed this course, spending 2 hours a week on it and found the course difficulty to be easy.
The course was a great introduction into the new world of omni-channel retail. As a tech startup founder in retail tech, it was great to understand the different ways that consumers buy in 2020. Consumers no longer focus on simply just buying online or offline, many shop between the two channels fluidly and its up to retailers to ensure that they do! Great course and well spoken teachers.