{"id":3120,"date":"2021-07-07T07:03:00","date_gmt":"2021-07-07T07:03:00","guid":{"rendered":"https:\/\/syndigo.com\/guide\/taxonomy-101-2\/"},"modified":"2024-08-14T11:21:56","modified_gmt":"2024-08-14T11:21:56","slug":"how-to-win-in-retail-guide","status":"publish","type":"post","link":"https:\/\/syndigo.com\/pl\/guides\/how-to-win-in-retail-guide\/","title":{"rendered":"How to Win in Retail: Your Board-Level Challenges, Solved with One Platform"},"content":{"rendered":"\n
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GUIDE<\/p>\n\n\n\n

How to Win in Retail: Your Board-Level Challenges, Solved with One Platform<\/h1>\n<\/div>\n\n\n\n
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After the eCommerce boom of 2020, retail as we knew it transformed. While it was already heading into a highly digital presence, the drastic growth of eCommerce activity accelerated that change. What has this led to? A bigger need for compelling product content, streamlined processes, transparency and more.<\/p>\n\n\n\n

However, those top challenges retailers have faced for years remain largely the same. At the end of the day, retailers want to drive revenue and brand loyalty by staying ahead of the competition and meeting consumers where they are (with the items they want). More than ever, these companies need a single solution that addresses their challenges and enables them to achieve these goals.<\/p>\n\n\n\n

Syndigo, the first Active Content Engine, is that solution. It ingests, validates, manages, enriches, and optimizes both supplier and private label content\u2014with the objective of meeting retailers\u2019 unique requirements and maintaining consistency across all their channels.<\/p>\n\n\n\n

Board-level challenges of a retailer<\/h2>\n\n\n\n

At Syndigo, we understand the highest priorities that retail leaders have in their organization. Our decades of experience working with 3,500+ global retailers, including many Fortune 500 enterprises, has given us deep insight into the most pressing challenges retailers face.<\/p>\n\n\n\n

We are continuously enhancing our solutions to ensure these companies are equipped to deal with those challenges\u2014and overcome them with confidence. Whether it\u2019s supply chain efficiencies, vendor management, driving incremental revenue or growing private label sales, we know these top-level challenges are always on the brain. Add in the fact that these challenges are now occurring in the face of accelerating eCommerce, and it\u2019s crystal clear why retailers have their hands full. The culmination of all this leads to some key priorities across retail businesses.<\/p>\n\n\n\n

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Here are the priorities that are integral to retailers managing those board-level challenges:<\/h3>\n\n\n
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\n\t\t\t\t\t\tSourcing a compelling assortment of products.\t\t\t\t\t<\/h4>\n\t\t\t\t<\/div>\n\t\t\t\t
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\n\t\t\t\t\t\tRetailers need to ensure their consumers find what they want, discover things they did not know they wanted, buy and come back!\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\t\t\t
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\n\t\t\t\t\t\tImproving speed to market for new products.\t\t\t\t\t<\/h4>\n\t\t\t\t<\/div>\n\t\t\t\t
\n\t\t\t\t\t
\n\t\t\t\t\t\tIt\u2019s critical to beat the competition and avoid delay in offering the latest trends to consumers.\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\t\t\t
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\n\t\t\t\t\t\tCreating a captivating experience for consumers.\t\t\t\t\t<\/h4>\n\t\t\t\t<\/div>\n\t\t\t\t
\n\t\t\t\t\t
\n\t\t\t\t\t\tRetailers want to provide a best-in-class omnichannel experience with rich, accurate and engaging content that makes their website a frequently visited destination.\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t\t\t\t

\n\t\t\t\t\t\tSelling products that meet consumer expectations.\t\t\t\t\t<\/h4>\n\t\t\t\t<\/div>\n\t\t\t\t
\n\t\t\t\t\t
\n\t\t\t\t\t\tInclude on- and off-label content including nutrition facts, ingredients, allergens and dietary compliance, all verified by registered dietitians for wellness and dietary claims.\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\t\t\t
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\n\t\t\t\t\t\tImproving speed of order fulfillment.\t\t\t\t\t<\/h4>\n\t\t\t\t<\/div>\n\t\t\t\t
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\n\t\t\t\t\t\tWhether in-store, shipped or moved in the warehouse with robotics, accurate product weights and dimensions are essential so the product can fit where it\u2019s placed\/packaged and be transported successfully.\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\t\t\t
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\n\t\t\t\t\t\tControlling costs.\t\t\t\t\t<\/h4>\n\t\t\t\t<\/div>\n\t\t\t\t
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\n\t\t\t\t\t\tIt\u2019s a continuous goal for retailers to improve overall processing speeds, from assortment selection to order fulfillment to accurately calculating packaging needs and shipping costs\u2014ultimately minimizing errors and rework.\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t<\/div>\n\n\n\n
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Solving Your Challenges Through the Smart Application of 3 Primary Data Sources<\/h3>\n\n\n
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\n\t\t\t\t\t\tVendor Data\t\t\t\t\t<\/h4>\n\t\t\t\t<\/div>\n\t\t\t\t
\n\t\t\t\t\t
\n\t\t\t\t\t\tVendor data is needed for retailers to get up and running with a large supplier community\u2014things like brand names and primary product images.\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\"Leading-MDM-PIM\"\t\t\t\t\t

\n\t\t\t\t\t\tOperational Data\t\t\t\t\t<\/h4>\n\t\t\t\t<\/div>\n\t\t\t\t
\n\t\t\t\t\t
\n\t\t\t\t\t\tOperational data is crucial to effectively packaging, shipping and fulfilling product orders, as it transforms the product from a submission to a reality.\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\"\"\t\t\t\t\t

\n\t\t\t\t\t\tSelling Data\t\t\t\t\t<\/h4>\n\t\t\t\t<\/div>\n\t\t\t\t
\n\t\t\t\t\t
\n\t\t\t\t\t\tSelling data is the icing on the cake to make sure those product pages and packages are truly compelling with elevated content experiences that educate the buyer.\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t<\/div>\n\n\n\n
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Challenges addressed by operational data<\/strong><\/strong><\/h3>\n\n\n\n
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It all begins with vendor data. Syndigo\u2019s robust network means we already have a lot of the data needed for supplier onboarding, which helps streamline the process of sourcing new vendors and new items, as well as ensuring any of the retailer\u2019s changing requirements get into those vendors\u2019 hands early. Essentially, Syndigo acts as the retailer\u2019s advocate with brands\u2014not only supporting alignment between both sides, but being willing to broker a conversation for any that they\u2019re hoping to make a connection with.<\/p>\n\n\n\n

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Improving speed of order fulfillment<\/strong> \u2013 Foundational to Syndigo\u2019s content creation capabilities are item weights and dimensions that are obtained via Cubiscan and verified by Syndigo teams. These measures are kept up to date with packaging changes.<\/p>\n<\/div>\n\n\n\n

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Improving speed to market for new products<\/strong> \u2013 Syndigo created and carefully QA\u2019d a marketplace of product content\u2014over 1M items are constantly maintained for freshness.<\/p>\n<\/div>\n<\/div>\n\n\n\n

Last but certainly not least, selling data is crucial. Manual\/spreadsheet work gets reduced by using the Active Content Engine to input and enhance product data. With Syndigo\u2019s solution managing this data category, retailers can ensure complete and accurate content on their website and in-store, improve shelf merchandising, incorporate wellness claims for food\/health-based products and enable all their internal teams to be aligned on changes.<\/p>\n\n\n\n

Challenges addressed by selling data<\/strong><\/h3>\n\n\n\n
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Creating a captivating experience for consumers<\/strong> \u2013 Accurate off-package content, wellness claims, derived claims, custom-derived attributes, consistent package shots, optimized images, mobile hero images, Enhanced Content<\/a> with several widgets and much more are readily available to use in the Active Content Engine.<\/p>\n<\/div>\n\n\n\n

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Selling products that meet consumer expectations<\/strong> \u2013 We offer retailers Syndigo-created content (accurate and consistent across products), 250+ off-package attributes, images and videos that provide extensive data, ensuring the consumer is knowledgeable and satisfied with their purchase. Moreover, other data including shelf life, storage temperatures and hazardous material information can help prevent returns.<\/p>\n<\/div>\n<\/div>\n\n\n\n

<\/div>\n\n\n
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\n\t\tAre you ready to win?\t<\/div>\n\t
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We\u2019ve put it all together to solve retailers\u2019 top challenges \u2013 internal data governance, effective content delivery, plus performance feedback and optimization, all in one solution. The Active Content Engine scales to the most complex, customizable systems, for any stage across content maturity and the end-to-end commerce process.<\/p>\n

Our comprehensive solution is empowering these leaders to boost vendor engagement in a robust brand network, maximize private label success, ensure unification of data across the enterprise and drive higher sales. Partner with us today and see the difference for yourself!<\/p>\n\t<\/div>\n\t\t\t

\n\t\t\tTake a Product Tour<\/a>\n\t\t<\/div>\n\t<\/div>\n<\/div><\/section>\n","protected":false},"excerpt":{"rendered":"

GUIDE How to Win in Retail: Your Board-Level Challenges, Solved with One Platform After the eCommerce boom of 2020, retail as we knew it transformed. 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