How To Set Up E-Commerce Adapted To My Business

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As digital technology continues to evolve at an exponential rate, both traditional retail organizations, as well as modern enterprises are beginning to shift towards e-commerce.

E-commerce is defined as any business or commercial transaction that is administered through the internet or o through online communication channels. Studies indicate that 95% of all purchases made will be through e-commerce by 2040.

As more and more businesses continue to increasingly implement e-commerce into their product distribution strategies, it is extremely crucial for businesses to understand how to adapt their business to e-commerce.  

How To Adapt Your Business To E-Commerce

1) Blueprint Customer Experiences

When introducing an e-commerce oriented business strategy, it is essential to ensure that customers have adequate communication channels with your organization. By designing and developing customer journeys and experiences, your business will be able to minimize potential areas of disagreement and grievances through the shift to e-commerce strategies.

73% of customers stated that customer experiences help influence and drive their purchase decisions. Therefore, it is crucial to ensure that prospective consumers have access to efficient search and navigation, customer service representatives, and order management facilities. This will not only help significantly increase customer satisfaction but will also help increase your business’s long-term profitability.

 

2) Leverage Metrics To Refine Organizational Objectives

Once your organization begins to shift towards utilizing of e-commerce strategies for business development, it is imperative to ensure that relevant and accurate metrics are being collected.

These metrics will not only help you closely refine existing operational processes but also develop future e-commerce strategies. Performance metrics can help your business improve customer experiences, improve existing processes, closely monitor the utilization of scarce organizational resources, and much more.

Planet Crust’s solutions are equipped with powerful and advanced data reporting tools that can help your business closely monitor performance metrics to ensure that organizational goals and objectives are being achieved.

 

3) Reevaluate Long-Term Strategies

E-commerce business strategies differ greatly from traditional operational processes. Therefore, your business must closely examine and reevaluate existing long-term strategies and reconstruct future growth strategies.

Therefore, when shifting towards a focused e-commerce approach, you must ensure that employees are aware of shifting priorities, continuously optimize customer experiences, establish a comprehensive plan to achieve shifting organizational goals and objectives, and understand and adapt to changing industry trends.

Planet Crust – Build Your E-Commerce Platform

Planet Crust’s open-source, low-code software is the perfect tool to help your business build an e-commerce platform that can help you blueprint customer experiences, utilize metrics to develop and refine organizational goals and objectives, reevaluate long-term strategies and undergo methodical implementation.

Planet Crust’s solutions are equipped with data-rich dashboards that can provide a 360-degree overview of organizational information, visual workflow builders, drag-and-drop editors, advanced data reporting tools, instant deployment features, cloud-ready architecture, flexible data modeling, responsive web interfaces, and much more. Try a demo so that your business can build its own secure and efficient e-commerce platform.

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One of the most important aspects of any successful organization is fostering open cross-departmental collaboration. Organizational collaboration can help facilitate better decision-making processes, open new communication channels, improve job satisfaction, increase employee retention rates, increase efficiency and productivity.

Studies have shown that extremely well-connected organizational teams demonstrate a 21% increase in profitability. Therefore, it is crucial for organizations to understand how they can increase overall cross-departmental collaboration and help individual departments collaborate more efficiently.

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Data is one of the most important aspects of any successful business. As the value of data continues to increase and is further commoditized, modern businesses must recognize the value of data collection and data analysis to correctly identify valuable insights.

Data insights have numerous advantages and can help facilitate more informed decision-making processes, need anticipation, predictive modeling, risk management, and much more.

Studies indicate that the average ROI for organizations that utilize business intelligence and analytics is approximately 1300%. However, as the amount of data that businesses are expected to collect, track and analyze increases exponentially, you must understand how to identify and derive business insights from organizational data.

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However, this can be time-consuming, impractical and can ultimately lead to potentially disastrous human errors if performed manually. According to The Wall Street Journal, executive-level employees in the United States spent approximately six weeks per year retrieving misplaced information.

Therefore, it is very useful for modern businesses to take advantage of the various advantages of digital spreadsheets to organize personal and organizational data.

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As our business landscape continues to develop with the evolution of digital technology, many businesses are taking advantage of the power of supply chain automation.

Supply chain automation is defined as the use of digital technology and infrastructure to automate and streamline supply chain-related processes by increasing task efficiency, improving communication, and automating repetitive business processes. 79% of companies with high-performing supply chains achieve revenue growth greater than that of their average counterparts within their industries.

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A content tracker is defined as a tool that can help modern businesses efficiently and accurately track the performance of their content during the production and distribution process.

Content tracking has a wide variety of benefits that modern businesses can take advantage of such as generating new ideas for future content, monitoring your business’s presence on online communication channels, monitoring the performance of created content, and much more.

Content tracking can allow your business to further optimize future content performance by determining which content marketing strategies are effective. 60% of marketers create at least one piece of content per day. Therefore, it is extremely important to track the performance of all generated online content regularly.

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A fundraising campaign is any event or campaign that is established to raise financial resources for a particular cause or mission. If fundraisers are not adequately launched and managed throughout a particular campaign, it can not only significantly impact your organization but can also be detrimental to the fundraiser’s intended recipient.

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How low-code development platforms advance business process management and eliminate the costs associated with custom coding.

Adaptability and continuous improvement are two of the defining characteristics of any modern business. More than ever, success is determined by the ability to scale and adapt a business’s workflow potential in line with constantly changing demands. Business process management, or BPM, is a proven discipline intended to tackle these challenges.

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Today, intelligence and automation are integral to BPM, hence the rise of the term intelligent business process management, or iBPM. Intelligence and automation come in various forms, such as the digitization of business rules and intelligent process mining. Repeatable tasks are automated, with little or no human intervention required.

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In many organizations, that information is scattered across a disparate array of off-the-shelf and custom-built applications. Applying iBPM to such a fragmented environment ranges from difficult to outright impossible. As a result, workers are less efficient, and customer experience suffers.

Low-code development platforms (LCDPs) offer a better solution by bridging the gap between the inherent limitations of off-the-shelf software and the high costs of developing custom apps from scratch. LCDPs enable the rapid delivery of custom business applications and empower those on the operations side to become citizen developers.

In this article, we will explore how low-code is a valuable asset to BPM.

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As digital technology continues to evolve at an extremely exponential rate, more and more businesses are beginning to take advantage of the various benefits of a remote workforce.

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