ENABLING SMART PROCUREMENT

Global Retail Analytics Services Category - Procurement Market Intelligence Report

This procurement report offers key insights on the best practices for supplier selection and the strategies for category management.

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

 

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PART 1: CATEGORY AT A GLANCE

  • TAKEAWAY 01 | Market Overview
  • TAKEAWAY 02 | Demand and Supply Snapshot
  • TAKEAWAY 03 | Key Market Dynamics
  • TAKEAWAY 04 | Supply Market Highlights
  • TAKEAWAY 05 | Pricing Insights
  • TAKEAWAY 06 | Procurement Insights

PART 2:  SCOPE OF THE REPORT

  • Category Definition
  • Research Methodology

PART 3: MARKET INSIGHTS

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

PART 4: SUPPLY MARKET INSIGHTS

  • Supplier Operational Capability Matrix
  • Other Prominent Suppliers by Region: Operational Capability Matrix
  • Supplier Functional Capability Matrix
  • Other Prominent Suppliers by Region: Functional Capability Matrix
  • Key Clients/Partners
  • Supplier Cost Breakup
  • Supplier Positioning Matrix

PART 5: PRICING INSIGHTS

  • Pricing Models Snapshot
  • Pricing Models – Pros and Cons
  • Indicative Pricing

PART 6: PROCUREMENT INSIGHTS

  • Major Category Requirements
  • Major Procurement Pain Points
  • Category Sourcing Evolution Matrix
  • Procurement Best Practices
  • Cost-saving Opportunities
  • Supplier Selection Criteria
  • Category Negotiation Strategies
  • SLA Terms
  • Supplier Evaluation Criteria
  • Category Risk Analysis

PART 7: TOP FIVE SUPPLIERS

  • IBM
  • Deloitte               
  • Accenture
  • SAS
  • Manhattan Associates

PART 8: APPENDIX

  • Glossary
  • Key Notes
  • About Us

Research Framework

SpendEdge presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key category influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

INFORMATION SOURCES

Primary research

  • Procurement heads
  • Category managers
  • Sourcing consortium professionals
  • Industry experts and thought leaders
  • Procurement managers
  • Category heads of suppliers
  • Client account heads/managers
  • Client and industry consultants

Secondary research

  • Industry journals and reports
  • Periodicals and new articles
  • Category webinars
  • Internal categiry playbooks
  • Industry and government websites on regulations and compliance
  • Internal databases
  • Industry blogs/thought leader briefings

DATA ANALYSIS

SpendEdge INSIGHTS

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