ENABLING SMART PROCUREMENT

  • Published in: Sep 2017
  • Pages: 84
  • SKU: IRCMSTR14581

Global Retail Analytics Services Category - Procurement Market Intelligence Report

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SpendEdge’s procurement market research report on the global retail analytics services market is an all-inclusive guide enabling procurement professionals to make smart purchasing decisions. This report provides a strategic analysis of the supply markets, factors influencing purchasing decisions, procurement best practices, pricing models and forecasts, supplier landscape and an analysis of the supplier capability matrix.

Key Features of Report

 

Supply Market Insights
Procurement Best Practices
Cost Saving Opportunities
Pricing Models
Negotiation Strategies
Category Risk Analysis
Key Supplier Analysis
Supplier Capability Matrix

 

Retail Analytics Services - Category Spend Analysis

 

According to analysts at SpendEdge, one of the key growth drivers for the retail analytics services market is the increasing emphasis on omnichannel consumer insights at an individual level across different sales channels such as brick and mortar stores, online sales, and mobile application. An increasing number of retail chains are outsourcing their analytics services to retail analytics service providers to understand and map the consumer behavior across different sales channels (omnichannel) and map the same to the consumer profile. This, in turn, is expected to increase the overall revenue across sales channels and optimize the operational expenses across different sales channels.

In addition, factors such as increasing adoption of technologies (including robotics, IoT, and VR/AR systems) across the retail sector have driven the global retail analytics services market. Through the use of retail analytics services, retail chains can derive insights about optimal spend levels within IoT and VR/AR systems

Retail Analytics Services - Procurement Best Practices

 

One of the procurement best practices is to ensure collaboration with retail analytics service providers that use a single end-to-end retail analytics solution. Businesses face a series of drawbacks by using a patchwork of tools/solutions to make them accessible across multiple platforms (online, web-based, mobile, and cloud) to fulfill their retail analytics service requirements. This often results in high costs of maintenance, the need for training, and limits cross-team collaboration. As a result, businesses must opt to utilize a single end-to-end retail analytics solution that helps in real-time self-service visualization and data discovery across multiple platforms.

Retail Analytics Services - Procurement Challenges

 

According to this procurement market research report, the lack of an integrated data storage solution is one of the major challenges faced by procurement professionals within this market space. Retail chains have their stores across locations where the sales/inventory data are predominantly stored and handled in silos. These retail chains find it increasingly difficult to collect all the company's data under one platform as the sales are from a wide variety of channels such as brick and mortar, phone, website, and mobile shopping applications. As a result, it is difficult to integrate the data acquired from different channels and this causes data quality issues.

 

Get unlimited access to all our reports. Our Insights platform provides ready-to-use procurement research reports, latest supplier news, innovation landscape, markets insights, supplier tracking, and much more at the click of a button. Start your 14-day trial now

SpendEdge also offers customization of this report to meet your exact requirements. Please contact us at enquiry@spendedge.com

Read less

Key Features of Report

 

Supply Market Insights
Procurement Best Practices
Cost Saving Opportunities
Pricing Models
Negotiation Strategies
Category Risk Analysis
Key Supplier Analysis
Supplier Capability Matrix

 

Retail Analytics Services - Category Spend Analysis

 

According to analysts at SpendEdge, one of the key growth drivers for the retail analytics services market is the increasing emphasis on omnichannel consumer insights at an individual level across different sales channels such as brick and mortar stores, online sales, and mobile application. An increasing number of retail chains are outsourcing their analytics services to retail analytics service providers to understand and map the consumer behavior across different sales channels (omnichannel) and map the same to the consumer profile. This, in turn, is expected to increase the overall revenue across sales channels and optimize the operational expenses across different sales channels.

In addition, factors such as increasing adoption of technologies (including robotics, IoT, and VR/AR systems) across the retail sector have driven the global retail analytics services market. Through the use of retail analytics services, retail chains can derive insights about optimal spend levels within IoT and VR/AR systems

Retail Analytics Services - Procurement Best Practices

 

One of the procurement best practices is to ensure collaboration with retail analytics service providers that use a single end-to-end retail analytics solution. Businesses face a series of drawbacks by using a patchwork of tools/solutions to make them accessible across multiple platforms (online, web-based, mobile, and cloud) to fulfill their retail analytics service requirements. This often results in high costs of maintenance, the need for training, and limits cross-team collaboration. As a result, businesses must opt to utilize a single end-to-end retail analytics solution that helps in real-time self-service visualization and data discovery across multiple platforms.

Retail Analytics Services - Procurement Challenges

 

According to this procurement market research report, the lack of an integrated data storage solution is one of the major challenges faced by procurement professionals within this market space. Retail chains have their stores across locations where the sales/inventory data are predominantly stored and handled in silos. These retail chains find it increasingly difficult to collect all the company's data under one platform as the sales are from a wide variety of channels such as brick and mortar, phone, website, and mobile shopping applications. As a result, it is difficult to integrate the data acquired from different channels and this causes data quality issues.

 

Get unlimited access to all our reports. Our Insights platform provides ready-to-use procurement research reports, latest supplier news, innovation landscape, markets insights, supplier tracking, and much more at the click of a button. Start your 14-day trial now

SpendEdge also offers customization of this report to meet your exact requirements. Please contact us at enquiry@spendedge.com

PART 1: SUMMARY

  • Research Objectives and Methodology
  • Category Definition

PART 2: CATEGORY AT A GLANCE

  • Market Overview
  • Category Maturity by Regions
  • Preferred Procurement Models and Major Service Providers
  • Cost-saving Opportunities
  • Major Category Requirements
  • Major Procurement Pain Points

PART 3: MARKET INSIGHTS

  • Category Spend Analysis
  • Demand-Supply Shifts
  • Regional Demand-Supply Snapshot
  • Key Market Developments
  • Regional Impact of Trends
  • Key Category Growth Drivers and Corresponding Regional Impacts
  • Major Category Growth Constraints and Corresponding Regional Impacts
  • Procurement Best Practices
  • History of Innovation
  • Key Current Technological Innovations
  • Major Regulatory Frameworks
  • Strategic Sustainability Practices
  • Porter’s Five Forces
  • SWOT Analysis
  • PESTLE Analysis

PART 4: SUPPLY MARKET INSIGHTS

  • Supplier Operational Capability Matrix
  • Regional Supplier Operational Capability Matrix
  • Supplier Functional Capability Matrix
  • Regional Supplier Functional Capability Matrix
  • Key Clients
  • Supplier Cost Breakup
  • Supplier Positioning Matrix
  • Supplier Selection Criteria

PART 5: PRICING INSIGHTS

  • Pricing Models Snapshot
  • Pricing Model Pros and Cons
  • Indicative Pricing
  • Category Negotiation Strategies

PART 6: CATEGORY ESSENTIALS

  • SLA Terms
  • Supplier Evaluation Criteria
  • Category Risk Analysis
  • Category Sourcing Evolution Matrix

PART 7: TOP FIVE SUPPLIERS

  • IBM
  • Deloitte               
  • Accenture
  • SAS
  • Manhattan Associates

PART 8: APPENDIX

  • Glossary
  • Key Notes
  • About Us
Read less

PART 1: SUMMARY

  • Research Objectives and Methodology
  • Category Definition

PART 2: CATEGORY AT A GLANCE

  • Market Overview
  • Category Maturity by Regions
  • Preferred Procurement Models and Major Service Providers
  • Cost-saving Opportunities
  • Major Category Requirements
  • Major Procurement Pain Points

PART 3: MARKET INSIGHTS

  • Category Spend Analysis
  • Demand-Supply Shifts
  • Regional Demand-Supply Snapshot
  • Key Market Developments
  • Regional Impact of Trends
  • Key Category Growth Drivers and Corresponding Regional Impacts
  • Major Category Growth Constraints and Corresponding Regional Impacts
  • Procurement Best Practices
  • History of Innovation
  • Key Current Technological Innovations
  • Major Regulatory Frameworks
  • Strategic Sustainability Practices
  • Porter’s Five Forces
  • SWOT Analysis
  • PESTLE Analysis

PART 4: SUPPLY MARKET INSIGHTS

  • Supplier Operational Capability Matrix
  • Regional Supplier Operational Capability Matrix
  • Supplier Functional Capability Matrix
  • Regional Supplier Functional Capability Matrix
  • Key Clients
  • Supplier Cost Breakup
  • Supplier Positioning Matrix
  • Supplier Selection Criteria

PART 5: PRICING INSIGHTS

  • Pricing Models Snapshot
  • Pricing Model Pros and Cons
  • Indicative Pricing
  • Category Negotiation Strategies

PART 6: CATEGORY ESSENTIALS

  • SLA Terms
  • Supplier Evaluation Criteria
  • Category Risk Analysis
  • Category Sourcing Evolution Matrix

PART 7: TOP FIVE SUPPLIERS

  • IBM
  • Deloitte               
  • Accenture
  • SAS
  • Manhattan Associates

PART 8: APPENDIX

  • Glossary
  • Key Notes
  • About Us

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