Wednesday, October 8, 2008

The Practicalities of Multichannel Retailing -Part 5 - Delivery and Payment

Providing the entire range of products in the catalogue, in as accessible format as possible, strengthens the offering of a retailer no end. Providing a fully joined up view on delivery options including premium and store pick-up is a challenge in its own right as it dictates that stock management and whereabouts are completely accurate all of the time. Co-ordination of different delivery methods amongst numerous partners need to be effectively managed so that data feeds and access to order tracking is fully transparent for not only the customer, but also the customer service agents.

Now the customer is only interested in how they are going to get their hands on the merchandise but ensuring that they are not disappointed or misled is paramount in providing a great customer experience. This is an area where taking a customer centric standpoint is vital and in combination with a service led approach can reap enormous benefit. The result of these approaches should be the provision of choice to the customer in how to receive their goods in a timely, and convenient fashion. No one solution fits all but by centrally co-ordinating the delivery options as a repeatable service amongst the various channels will provide the required choice. This means that all channels can obtain the same delivery services whilst the management of them is centralised – not only efficiency “win” but also a customer “win”.

Payment is often viewed as just a step in the process and the eventual “closure of the sale”. In many ways, it gets overlooked with respect to the customer experience and it must be appreciated that this is the most painful part of the entire customer journey through any channel. To put it bluntly, consumers hate parting with their hard earned cash. Therefore, spending some time in making this as smooth as possible is certainly not wasted. If a retailer offers interest free credit of other financing initiatives, then it is imperative that these are not merely restricted to customers walking through a bricks and mortar outlet. Providing the ability to split purchases across more that one payment card for a single transaction (so long as there are strict fraud and security checks around the process) could be the difference between a sale and a lost customer. Such options do need careful assessment but exhibit a far more customer focussed approach.

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