ĐẠI HỌC QUỐC GIA HA NOT NGUYEN TRONG PHUONG INL CHANNEL STRATEGY IN ONLINE RETAILING: THE CASE OF MAGESTORE CHIEN LUOC BAN HANG DA KENH TRONG BAN LE TRUC TUVEN: TRUONG IIOP CUA MAGESTORE Chuyén nganh: Quan tri kinh doanh Mã số: 60 34 01 02 LUẬN VAN THAC 8I QUAN TRỊ KUNH DOANH NGUGI HUGNG DAN KHOA HOC: PGS. NGUYEN VIET KHOL HÀ NỘI - 2020 CAM KET Tác giả cam kết rằng kết quả nghiên cứu trong luận văn lá kết quả lao động của chính tác giả thu dược chủ yếu trong thời gian học và nghiên cứu và chưa dược công bổ trong bắt cứ một chương trình nghiên cứu nào của người khác. Những kết quả nghiên erm và tài liệu của người khác (trích dẫn, bằng, biểu, công thức, dỗ thị củng những tải liệu khác) được sử dụng trong luận văn này đã được các tác giả đồng ý và trích dẫn cụ thế Tôi hoàn toàn chịu Irách nhiệm trước Hội dẳng bảo vệ luận văn, Khoa Quân trị vả Kinh doanh và pháp luật vẻ những cam kết nói trên. DECLARATION The author confirms that the research outcome in the thesis is the result of aulhor’s independent work during study and research period and it is not yet published in other's research and article.
The other’s research result, and documentation (extraclion, table, figure, formula, and other document) used in the thesis are cited properly and the permission (if required) is given. The author is responsible in front of the Thesis Assessment Commilttce, Hanoi Schoo! of Business and Management, and the laws for above-mentioned declaration. LOI CAM ON Đầu tiên, tôi xin gửi lời cảm ơn trân trọng nhất tới giáo viên hướng dân tôi, TGS. Nguyễn Việt Khôi vi đã có những lời khuyên và giúp đỡ tôi từng bước hoàn thành hiện văn này, nêu không hiện văn đã không thể hoàn thành.
“Thủ bai, tôi xia cảm ơn dặc biệt tới Ban Lãnh dạo công ty Miagestore vi đã cung câp cho tôi số liệu giúp tôi hoản thánh luận văn. Cuối cùng nhưng rất quan trọng, lỗi xin cảm ơn PGS. Hoang Binh Phi, va các thấy cô của Khoa Quần trị Kinh doanh đã cung cấp cho tôi kiến thức trong thời gian tôi học tại đây, Đôi với tôi, thời gian học tập tại đây là thời gian tốt nhất trong cuộc đời. ACKNOWLEDGEMENT Initially, | would like to express my deepest gratitude to my supervisor, Assoc.
Prof, Nguyen Viet Khoi for his advice and involvement in every step throughout my research process, this master thesis would not have been completed Secondly, T would like to send my special thanks to Magestore management board for giving me the data to support my thesis. Last but not least, I really appreciale Professor Hoang Dinh Phi and many other professors of Hanoi School of Business for providing me knowledge during my study here. This is the best time of master student life. Case study — Decathlon Japan Omnichannel Sports Retail 37 2 Data colloction and analysis.
38 CHAPTER II: ANALYSIS OF MAGESTORB’S OMNICHANNEL SOLUTIONS AND ITS APPLICATION TN RETATERS’ OMNICHANNE!. STRATEGY 40 1 Overview of the company and the industry 40 LL, Overviow of the indUstry. General information about Magestare 1. Product overview Analysis of products responding to omnichannel retail needs 2.
Poit-of-sales (PO8).4, Purchase management > SWOY analysis for Magestore applying OmniChannel Retailing model. 737 CHAPTER IV: RESEARCH RESULTS 76 1 Strengths and weaknesses of Magestore’s products 2 TG 2 Recommendation 78 2.1, Customer understandings TS. Management system and securily. Research limitations 80 3 Suggestions for future research 80 LIST OF FIGURES Figure 1: Orichannel Customer Pxperierice 19 Error! Reference source not found.
21 Figure 3; Retail sales 27 Figure 4: ASEAN 6 - E- commerce Markets and Penetration (2014 - 2020) | 41 Figure 5; Top Online Shopping Websites in ASEAN 43 Figure 6: Growth in Number of Intemet Users (CAGR%, 2015-2020) 44 Figure 7: Internet Users by country (million 2015 -20) 45 Figure 8: OmniChannel system 48 Figure 9: POS General Sale Process 54 Figure 10, POS Order 35 Figure 11. POS Return Order 36 Figure 11. POS Return Order 39 Figure 13: Stock Taking Screen 60 Figure 14. Siok sending screen él Figure 15.
Sending stock workflow ø Figure 16, Trausler slook - Request stock workllow 64 Figure 17. Cuslomer return work flow 6 Figure 18, Dropship workflow 67 Figure 19, Order Fulfillment process 70 Figure 20, Example of Order Listing A Figure 21, Process of purchase management B Table 1; Other terms for Omnichannel Table 2: Comparison of three models, Table 3: Examples for comparison among models Table 4: An overview of requirements on OnmiCharmel Strategy 34 37 Table 5: Questions for open interviews 47 Table 7: Magestore’s development journey 53 Table 8: Features lis of POS software Table 9; Feature list of purchase management ‘Table 10; SWO'L analysis for Magestore Table 11: Strengths and weaknesses of Mageslore’s producis CONTENT ABSTRACT INTRODUCTION. 6, Thesis structure CHAPTER T: OVERVIEW OF OMNICHANNEI. STRATEGY 1 Definition of omnichannel strategy 17 2 The development of omnichannel.
wld ‘The transition from single channel to multi-channel 19 ‘The wansition from multi-channel to omnichannel. Comparison of three models: Multi-channel, Cross-channel and Omni-channel The necessity of having omnichannel in today’s world.1 Increasing number of customers shopping across channels. The increase in customers’ expectation Inventory visibility 3.4 Fulfillment process optimization 3.7 4 Requirements on ommcharmel stralegy CILAPTLR LU: RESEARCH METHODOLOGY 1 Research method. CONTENT ABSTRACT INTRODUCTION.
6, Thesis structure CHAPTER T: OVERVIEW OF OMNICHANNEI. STRATEGY 1 Definition of omnichannel strategy 17 2 The development of omnichannel. wld ‘The transition from single channel to multi-channel 19 ‘The wansition from multi-channel to omnichannel. Comparison of three models: Multi-channel, Cross-channel and Omni-channel The necessity of having omnichannel in today’s world.1 Increasing number of customers shopping across channels.
The increase in customers’ expectation Inventory visibility 3.4 Fulfillment process optimization 3.7 4 Requirements on ommcharmel stralegy CILAPTLR LU: RESEARCH METHODOLOGY 1 Research method. LIST OF FIGURES Figure 1: Orichannel Customer Pxperierice 19 Error! Reference source not found. 21 Figure 3; Retail sales 27 Figure 4: ASEAN 6 - E- commerce Markets and Penetration (2014 - 2020) | 41 Figure 5; Top Online Shopping Websites in ASEAN 43 Figure 6: Growth in Number of Intemet Users (CAGR%, 2015-2020) 44 Figure 7: Internet Users by country (million 2015 -20) 45 Figure 8: OmniChannel system 48 Figure 9: POS General Sale Process 54 Figure 10, POS Order 35 Figure 11. POS Return Order 36 Figure 11.
POS Return Order 39 Figure 13: Stock Taking Screen 60 Figure 14. Siok sending screen él Figure 15. Sending stock workflow ø Figure 16, Trausler slook - Request stock workllow 64 Figure 17. Cuslomer return work flow 6 Figure 18, Dropship workflow 67 Figure 19, Order Fulfillment process 70 Figure 20, Example of Order Listing A Figure 21, Process of purchase management B Table 1; Other terms for Omnichannel Table 2: Comparison of three models, Table 3: Examples for comparison among models Table 4: An overview of requirements on OnmiCharmel Strategy 34 37 Table 5: Questions for open interviews 47 Table 7: Magestore’s development journey 53 Table 8: Features lis of POS software Table 9; Feature list of purchase management ‘Table 10; SWO'L analysis for Magestore Table 11: Strengths and weaknesses of Mageslore’s producis ABSTRACT The world of commerce in business 10 business (B2B) and business to consumer (B2C) is changing rapidly and it will change cven faster in the years to come.
Today’s empawered customer expects a consistent buying, experience across all retail channels — online, offing ard both combined, Retailers, for example, must offer store pickup for goods ordered online. According to Forrester Research (2014), 71% of ail customer expect to view in- slore inventory online, while 50% expset io buy online and pick up in-store. However, only a third of retailers have operationalized even the basics such as store pickup, cross-channel inventory visibility, and store-based fulfillment. Besides, retailers must also make sure that customers choose how they return goods — cither ship them back or bring them to the nearest store.
And this is when omni-channel retailing becomes indispensable, which involves seamlessly integrating the customer experience across all interaction channels in-store, on the web and on mobile devices. The understanding on omni-channel retailing. in Vietnam, however, is still in ils very premature slage. Therefore, this paper explores whal ommichannict retailing is, what the requirements for an omnichannel strategy are and how these requirements are being met by solutions provider, wilh the aim of giving an overview on the omnichannel ccosystem and all the basics revolving around it.
All these questions are resolved by looking into the case of Magestare, an omnichannel solution provider that largels foreign markets. The research is conducted using qualitative research method including interviews, meetings and case studies from clients working with Magestore. To take a futher step with the research, the author will choose to look deep imo one specific product of Magestore and how it is solving the needs of retailers to give an in-depth analysis on the response of the company’s product and how it may be improved, INTRODUCTION 1. Rationale Nowadays, the retail market is becoming extremely competitive, as a result of technology breakthrough that disrupts the habits and demands of consumers.
And as customers are becoming more demanding on their experience, retailers are trying to find solutions to provide the best experience and differentiate themselves from others. This means they need to find ways to lower their costs to deal with competitive environment while increasing their service quality to fulfill the ever- growing expectations of consumers. Retailers, then, face the challenge of adopting new strategies and learning now skills 1o survive With the impact of the Science and Technology Revolution, the retail industry has made significant. progress thanks 10 the consecutive debuts of e- commerce and digitalized platforms.
The additional omorgence of E-commerce and digital platforms such as mobile channels or social media channels is changing the mixed retail business model and customer's behavior. That is the reason leadizy: to. the gradual inferiority of the traditional single channel retailing model (which only approaches customers ina direct or online channel). It is obvious that Omnichannel Retailing will be the major lrend in enterprises in the future.
It is seen that one strategy is indispensable when talking about competing in retailing is “the omnichannel strategy”. This strategy has gained a significant amount of attention from all stakeholders includmg retailers, consumers, consultants, e-Commerce solution developers and even researchers (Deloitte, 2014). To explain in the most basic way, this strategy combines different channels of sales Gom online to offime with the aim of giving customers scamboss experience through their entire purchase journey. It is not by chance that Amazon and Walmart, two leaders in the retail industry, opened teal stores or online trading charmels.
Thal is the actual and obvious evidence for the increasing attention of modern enterprises ta selling through associating their available charmels. In fact, the so-called fulure of retail industry has been applied by enterprises in the US and European countries for more a LIST OF FIGURES Figure 1: Orichannel Customer Pxperierice 19 Error! Reference source not found. 21 Figure 3; Retail sales 27 Figure 4: ASEAN 6 - E- commerce Markets and Penetration (2014 - 2020) | 41 Figure 5; Top Online Shopping Websites in ASEAN 43 Figure 6: Growth in Number of Intemet Users (CAGR%, 2015-2020) 44 Figure 7: Internet Users by country (million 2015 -20) 45 Figure 8: OmniChannel system 48 Figure 9: POS General Sale Process 54 Figure 10, POS Order 35 Figure 11. POS Return Order 36 Figure 11.
POS Return Order 39 Figure 13: Stock Taking Screen 60 Figure 14. Siok sending screen él Figure 15. Sending stock workflow ø Figure 16, Trausler slook - Request stock workllow 64 Figure 17.