Advance Auto Parts’ New CTO
Advance brought on a new EVP and chief technology officer in April. Sri Donthi has more than 20 years of experience leading and developing technology functions and reengineering IT infrastructure to support core business priorities. One of his key initiatives will be the integration of artificial intelligence and machine learning tools into the retailer’s core process.
In conjunction with its cross-banner inventory visibility initiative, Advance continues its rollout of Advance Pro, its e-commerce engine for professional customers. The new platform is more user friendly, helping to increase the retailer’s B2B online penetration. Currently nearly 20,000 professional customers are using the platform to order parts.
While professionals are benefiting from the new B2B e-commerce engine, the retailer continues to invest in its traditional e-commerce offerings as well. While auto parts sales are conventionally conducted at the store level, allowing shoppers to benefit from the knowledgeable in-store sales staff, e-commerce sales are on the rise.
To help capture this growing demographic of online shoppers, Advance is deploying multiple advancements every quarter to its digital commerce offerings to ensure it stays on the cutting-edge. The enhancements include: improved the page load time, font and style changes, monitoring tools, and more. The investment is paying off as site traffic continues to increase at a breakneck pace, up 90% in April alone.
As Advance undergoes its digital transformation it is leveraging its unique insight into customer behavior to inform its merchandising efforts and better serve its customers both in-store and out.
“We are applying learnings from an availability transformation stores to assortment, inventory positioning and broader supply chain initiatives,” says Greco. “We expect to complete the transition to demand-driven assortment by the end of 2018. We are confident this will further improve assortment store-by-store and market-by-market to better serve the needs of our customers.”
Currently the retailer makes changes to its in-store assortment twice a year, but when it rolls out its dynamic assortment capabilities later in the year that timeline will accelerate greatly.