The Importance of eCommerce Metrics

The Importance of eCommerce Metrics

It is no surprise that in today’s ever-changing world, eCommerce businesses able to access their data to make informed data-based decisions have far better outcomes.

Understanding which metrics are more “vanity metrics” versus those that will directly impact the bottom line, will be key for defining sustainable and actionable strategies for this holiday season and 2023.

OPAL is here to help your eCommerce business determine which metrics will make the biggest impact on your company’s goals and how to implement them through software automation.

Simply Average Performance Limits Your Ability to Grow.

This extended holiday season is a marathon, not a sprint, and understanding how to perform above average will depend on accuracy, consistency and knowing your data so that you can make informed decisions.

OPAL reduces processing time up to 90%, reduces processing cost up to 80%, improves order accuracy up to 99% and allows other clients to increase daily shipments by up to 50% without having to hire and train additional staff. Another success for clients, order accuracy and speed shorten theStated Customer Delivery Days and drives PO growth with sales channels.

In-Depth Knowledge of Sales Channels is Critical.

One comprehensive solution allows your business to strengthen relationships with your sales channels because it builds trust through accuracy and consistency.

OPAL requires no downtime for setup, syncs to all accounting and ERP systems without customization and optimizes quick delivery to customers, while managing compliant retailer transactions, real-time inventory and shipping documents.

How Can Opal Help Improve Your Metrics.

Software solutions and automation can impact your business drastically. When seeking to simplify your order management and warehouse management needs – automation simply allows your business to increase your capacity for additional customer orders with no additional cost and without hiring or training new staff.

The following metrics are used by the most sophisticated sales channels in the market to measure their supplier’s performance. OPAL has helped numerous clients meet these objectives.

ScalabilityAbility to Meet Metrics During Peak Periods  
Orders Shipped in One Business Day70%+  
Average Business Ship Days<2 Days
Percent of Orders Shipped by the Expected Ship Date98%+
On-Time Delivery95%+
Customer incident Performance <1%
Missed sales opportunities – oversold or undersold<5%
Current Inventory Sent At Least Each Hour
Order Confirmation SentWithin 12 Hours of Order Receipt
ASN SentWithin 4 Hours of Shipment
Invoice SentWithin 4 Hours of Shipment

Simplify with OPAL’s 4-in-1 Software Solution
EDI | Order Management | Warehouse Management | Shipping

OPAL is the innovative solution to simplify your small to mid-sized to enterprise business fulfillment needs in today’s rapidly transforming retail world.

As your business looks to improve its processes, click here to learn more about how OPAL can streamline your business to efficiently maneuver this season.

Click here to book your customized demo today.  We are here to support you through this time of change and are here to help you innovate and thrive!

Top 3 Trends in eCommerce Today

Top 3 Trends in eCommerce Today

As we’ve kicked-off the holiday sales season with back to school and fall décor, many are curious how to weather this turbulent sales season, as inflation has impacted so many.

With the gift-giving season still a few months away, many consumers are already worried about paying for this year’s gifts and 40% say inflation is changing the way they shop. With more than 26 million eCommerce businesses across the world, and many more beginning every day, prioritizing digital channels is key as savvy consumers continue to hunt for the best deals.

In addition to the right digital sales channels, it is important to utilize a few key trends to stay ahead.

Influencers

For years now, brands have utilized social influencers to get their products in front of the masses. An influencer is anyone with an engaged community online, many of which share similar likes and dislikes as the influencer, simplifying the work that brands need to do to find their right niche to sell products.

There is a valuable boost in visibility and sales when utilizing influencers. They have the unique opportunity to highlight how to use the product, why they love the product, all the countless reasons their followers should buy it, and many times even provide an incentive to click through the link and purchase with their discount code.

Understanding the analytics of how many people clicked through the link, purchased the marketed item, purchased additional items, etc. all help to provide insight on which influencers work best for your market and what products show well through social.

Statistics show that 60% of marketers have found that influencer marketing performs better and drives more engagement than in-house branded content and that 40% of respondents made a purchase because they saw an influencer promote an item.

Personalization

Customers have come to expect highly tailored experiences that were once exclusive to boutiques and small mom and pop shops. Today, customers want numerous color and size options, generous return policies, exceptional customer service, dependable two-day shipping, and simple online buying processes.

Prioritizing the customer experience is THE way to build brand loyalty and trust with your customers. The goal of today’s eCommerce experience is to receive the in-store shopping experience online at their convenience and leisure.

Artificial Intelligence

In today’s era of labor shortages and extremely high customer expectations, utilizing automation and AI really is no longer a luxury that small businesses have anymore.

Not only does automation allow a small number of employees to grow and handle the operations of a business, it allows for efficiencies with internal processes as well as partnerships with vendors for shipping to save both time and money to succeed.

Automation is critical as your business grows. It helps streamline how your business interacts with your retailers, customers and employees, as well as your customers. It also helps execute complex functions on both the front and back end of business, such as reducing the time to fulfill orders and reducing errors from manually entered data at every turn in the process. To learn more about why to implement automation and see if your eCommerce business is ready, click here.

According to Inc., the key to creating the virtual reality experience in online retail and eCommerce is in communication and building community. Being connected to the community through influencers, offering a personalized experience, and streamlining operations through automation will help your business succeed in the holiday season ahead.

Simplify with OPAL’s 4-in-1 Software Solution
EDI | Order Management | Warehouse Management | Shipping

OPAL is the innovative solution to simplify your small to mid-sized to enterprise business fulfillment needs in today’s rapidly transforming retail world.

As your business looks to improve its processes, click here learn more about how OPAL can streamline your business to efficiently maneuver this season.

To learn more about how OPAL has partnered with many to scale their business to new levels of success, click here.

Click here to book your customized demo today.  We are here to support you through this time of change and are here to help you innovate and thrive!