BTFV AT





                      Harleen
    Wadhwa
                      Roll no:11
INTRODUCTION & DEFINITION

 BTFV is defined as a software or a group of
  software used in conjunction to facilitate
  business activities throughout the fashion
  value chain.
 The purpose is to help understand business
  technology in fashion value chain with the
  assistance of a live case study.
CHANGING CONSUMER LIFECYCLE: Improve the
connect, maximize the value

     • New Channels,                                 • Segmentation,
       Improved Consumer                               Personalization, Offers/
       experience, Audience                            Promotions/ Coupons,
       Improvement, Direct                             Content, Community,
       Marketing, Contextual                           Referral/,
       Advertising                                     Recommendation,
                                                       Search, Games/ Ads/
                                                       Sweeps

     1. Attract                                      2.Engage




    • Multi channel            • Customer Support,    • Adjacent business,
      Commerce, Single           Churn management,      Increase value for
      Cart, Promotion,           Loyalty program,       partners, advertisers
      Recommendation,            Volume discounts,
      Workflow, Loyalty          Events, Offers &
      Management                 Promotion



    3.Transact                 4.Retain               5.Extend
                                                                                  3
E-COMMERCE BUSINESS CHALLENGES
                                         Business problem

• Conversion Rate
     • Currently, average ecommerce conversion rate is about 2.5%
• Search Engine Optimization
     • An estimated 80% of store traffic and 55% of purchases begin at a search engine
• Cart abandonment
     • Approximately 52.1% of carts are abandoned
• Usability
     • 48% of users do not buy from a website because of bad usability
• Customer Service
     • 87% of online customers experienced problems with customer service
     • Out of this, 52% stop dealing with the company altogether
• Social Media/Wiki
     • Only 51% of customers who came looking for customer support (10%) could find it.




                                                                               • Analysis of customers who did
                                                                                 not buy from a website
                                                                               • Source: iPerceptions report
Fashion value chain is defined by 4 broad categories…
             Inform                           Interact                        Transact                       Fulfill1


             Product Marketing             Captivate customer                Complete a transaction        Send
Typical      ▪ Advertise through:          ▪ Make the shopping               ▪ Manage back end order       ▪ Warehouse and supply
Activities      – Online channels            experience “real”                 processing                    chain management
                    (e.g. Ads on             – Give ample product            ▪ Setup easy to navigate      ▪ Allow customer to track
                    Google,                       description                  payment gateway               order
                    partnerships with        – Allow user to compare           – Offer multiple
                    online bloggers)              products and write /             payment options to
                – Offline channel                 read reviews                     simplify purchase       Customer service
                    (e.g. fliers, ads in     – Leverage customer               – Offer multiple            ▪ Setup help desk and / or
                    magazines)                    history and identify his         shipping options          call center to address
                                                  likes to offer relevant          (e.g. express – in 1      customer queries or
             ▪   Leverage past                    products                         day, or usual – 5-7       complaints
                 purchases history to        – Dynamically manage                  working days)
                 effectively market               product inventory to
                                                  display only in-stock      Data analytics and manage
             “Easy to surf” product               products (also ensure      customer data for marketing
             catalogue                            high selling items are     ▪ Track customer data and
             ▪ Easily navigable                   always in stock)              purchase history
                website                                                         – Identify high
             ▪ Group similar products      Lead customer to a                       spending and loyal
                in clear categories        transaction                              customers and tailor
                                           ▪ Track customer’s viewing               marketing programs
                                              history                               to reach out to them
                                           ▪ Shopping cart to track all
                                              products a user wants to
                                              buy
                                           ▪ Setup help desk and / or
                                              call centers to assist
                                              customers


                                                                                                                                       5
BTFV TO THE RESCUE

Why is BTFV a critical success factor ?
 To optimize from visitor to customer

 To optimize meta-data for efficient SEO and
  SCM
 To lower cart abandonment

 To improve user experience of the web-interface

 To make customer service a differentiating
  factor
 To efficiently use social media for all of the
  above objectives
BTFV @DONEBYNONE.COM
             Inform                     Interact                   Transact                  Fulfill1


             Product Marketing        Captivate and interaction   Complete a transaction   Warehouse and SCM
Typical      1) Fb, Custom code for     with the customer         1) Paypal                1) Unicommerce(
Activities      SEO and SEM           1) Magento                  2) Bank gateways
                                                                                           Back office accounting
                                      Product information         Data analytics           1) Tally
                                         management (PIM)         1) Google
                                      1) Magento                  2) Fb analytics
                                                                                           Customer service
                                                                                           1) Exotel
                                                                                           2) Olark




                                             HR software- SumHR




                                                                                                                    7
BTFV @DONEBYNONE.COM
             Inform      Interact                    Transact                      Fulfill1

                      1) Magento                   1) Paypal
                      Attract & Retain More Customers
                                                   Shop securely
                                                                              1)    Unicommerce
Typical                                                                       Procure
                      Make Buying Easy             Save time
Activities                                                                    Inbound
                      Foster Brand Affinity        Get great deals
                                                                              Order-fulfilment
                      Customize & Refine Your Site Website payment standard
                                                                              Shipping
                      Grow & Scale with Confidence Express checkout
                                                                              Returns
                                                                              Integration
                                                                              Monitoring
                                                                              Technology


                                                                              2) Tally
                                                                              Audit analysis
                                                                              Auto Bank Reconciliation
                                                                              Cash Deposit Slips
                                                                              Cheque Management

                             HR software- SumHR                               3) Exotel
                                    Leave Management                          IVR based call routing
                                  Employee engagement                         Conferencing
                              Collaborate & Streamline Work                   Call recording
                                   Employee Dashboard                         Missed call mktg.
                                 Company Administration                           campaign
                                                                              Intelligent SMS




                                                                                                         8
PRIMARY DATA & ANALYSIS – PRODUCTS, NEW ACCOUNTS AND ABANDONED CARTS
            Products – Most Viewed                                           New Accounts Created
                                                  Number      Period             Number of New Accounts
 Period    Product Name                 Price     of Views
    Aug-12 Roxy Star Shoulder Bag       Rs1,399       17248            May-12                             1611
    Aug-12 Beowulf Three-Toned Flats    Rs1,499       11741            Jun-12                             2178
    Aug-12 Black Magic Woman Top        Rs1,399       10436             Jul-12                             983
           Three To Tango
                                                                       Aug-12                             4160
    Aug-12 Asymmetrical Happy Strappy   Rs899         8819
    Aug-12 Galactica Ring               Rs399         7944             Sep-12                              885
 Total                                               56188    Total                                       9817




                                                                                                                 10
IMPROVEMENT AREAS
As an insider
1)   The performance of magento is not consistent due to the refresh time it
     takes.
2)   Duplication of order entry data (manual intervention needed)

As a customer
1)   The wishlist functionality need to be fixed.
2)   Myaccount functionality is very sporadic.
3)   Inaccurate Product display
4)   Product availability not updated.
REFERENCES
   http://www.unicommerce.com/how-it-works/inbound
   http://www.unicommerce.com/aboutus
   http://www.tallysolutions.com/website/html/services.
    php
   www.magentocommerce.com
   www.olark.com
THANK YOU

BTFV

  • 1.
    BTFV AT   Harleen Wadhwa  Roll no:11
  • 2.
    INTRODUCTION & DEFINITION BTFV is defined as a software or a group of software used in conjunction to facilitate business activities throughout the fashion value chain.  The purpose is to help understand business technology in fashion value chain with the assistance of a live case study.
  • 3.
    CHANGING CONSUMER LIFECYCLE:Improve the connect, maximize the value • New Channels, • Segmentation, Improved Consumer Personalization, Offers/ experience, Audience Promotions/ Coupons, Improvement, Direct Content, Community, Marketing, Contextual Referral/, Advertising Recommendation, Search, Games/ Ads/ Sweeps 1. Attract 2.Engage • Multi channel • Customer Support, • Adjacent business, Commerce, Single Churn management, Increase value for Cart, Promotion, Loyalty program, partners, advertisers Recommendation, Volume discounts, Workflow, Loyalty Events, Offers & Management Promotion 3.Transact 4.Retain 5.Extend 3
  • 4.
    E-COMMERCE BUSINESS CHALLENGES Business problem • Conversion Rate • Currently, average ecommerce conversion rate is about 2.5% • Search Engine Optimization • An estimated 80% of store traffic and 55% of purchases begin at a search engine • Cart abandonment • Approximately 52.1% of carts are abandoned • Usability • 48% of users do not buy from a website because of bad usability • Customer Service • 87% of online customers experienced problems with customer service • Out of this, 52% stop dealing with the company altogether • Social Media/Wiki • Only 51% of customers who came looking for customer support (10%) could find it. • Analysis of customers who did not buy from a website • Source: iPerceptions report
  • 5.
    Fashion value chainis defined by 4 broad categories… Inform Interact Transact Fulfill1 Product Marketing Captivate customer Complete a transaction Send Typical ▪ Advertise through: ▪ Make the shopping ▪ Manage back end order ▪ Warehouse and supply Activities – Online channels experience “real” processing chain management (e.g. Ads on – Give ample product ▪ Setup easy to navigate ▪ Allow customer to track Google, description payment gateway order partnerships with – Allow user to compare – Offer multiple online bloggers) products and write / payment options to – Offline channel read reviews simplify purchase Customer service (e.g. fliers, ads in – Leverage customer – Offer multiple ▪ Setup help desk and / or magazines) history and identify his shipping options call center to address likes to offer relevant (e.g. express – in 1 customer queries or ▪ Leverage past products day, or usual – 5-7 complaints purchases history to – Dynamically manage working days) effectively market product inventory to display only in-stock Data analytics and manage “Easy to surf” product products (also ensure customer data for marketing catalogue high selling items are ▪ Track customer data and ▪ Easily navigable always in stock) purchase history website – Identify high ▪ Group similar products Lead customer to a spending and loyal in clear categories transaction customers and tailor ▪ Track customer’s viewing marketing programs history to reach out to them ▪ Shopping cart to track all products a user wants to buy ▪ Setup help desk and / or call centers to assist customers 5
  • 6.
    BTFV TO THERESCUE Why is BTFV a critical success factor ?  To optimize from visitor to customer  To optimize meta-data for efficient SEO and SCM  To lower cart abandonment  To improve user experience of the web-interface  To make customer service a differentiating factor  To efficiently use social media for all of the above objectives
  • 7.
    BTFV @DONEBYNONE.COM Inform Interact Transact Fulfill1 Product Marketing Captivate and interaction Complete a transaction Warehouse and SCM Typical 1) Fb, Custom code for with the customer 1) Paypal 1) Unicommerce( Activities SEO and SEM 1) Magento 2) Bank gateways Back office accounting Product information Data analytics 1) Tally management (PIM) 1) Google 1) Magento 2) Fb analytics Customer service 1) Exotel 2) Olark HR software- SumHR 7
  • 8.
    BTFV @DONEBYNONE.COM Inform Interact Transact Fulfill1 1) Magento 1) Paypal Attract & Retain More Customers Shop securely 1) Unicommerce Typical Procure Make Buying Easy Save time Activities Inbound Foster Brand Affinity Get great deals Order-fulfilment Customize & Refine Your Site Website payment standard Shipping Grow & Scale with Confidence Express checkout Returns Integration Monitoring Technology 2) Tally Audit analysis Auto Bank Reconciliation Cash Deposit Slips Cheque Management HR software- SumHR 3) Exotel Leave Management IVR based call routing Employee engagement Conferencing Collaborate & Streamline Work Call recording Employee Dashboard Missed call mktg. Company Administration campaign Intelligent SMS 8
  • 10.
    PRIMARY DATA &ANALYSIS – PRODUCTS, NEW ACCOUNTS AND ABANDONED CARTS Products – Most Viewed New Accounts Created Number Period Number of New Accounts Period Product Name Price of Views Aug-12 Roxy Star Shoulder Bag Rs1,399 17248 May-12 1611 Aug-12 Beowulf Three-Toned Flats Rs1,499 11741 Jun-12 2178 Aug-12 Black Magic Woman Top Rs1,399 10436 Jul-12 983 Three To Tango Aug-12 4160 Aug-12 Asymmetrical Happy Strappy Rs899 8819 Aug-12 Galactica Ring Rs399 7944 Sep-12 885 Total 56188 Total 9817 10
  • 11.
    IMPROVEMENT AREAS As aninsider 1) The performance of magento is not consistent due to the refresh time it takes. 2) Duplication of order entry data (manual intervention needed) As a customer 1) The wishlist functionality need to be fixed. 2) Myaccount functionality is very sporadic. 3) Inaccurate Product display 4) Product availability not updated.
  • 12.
    REFERENCES  http://www.unicommerce.com/how-it-works/inbound  http://www.unicommerce.com/aboutus  http://www.tallysolutions.com/website/html/services. php  www.magentocommerce.com  www.olark.com
  • 13.