SlideShare a Scribd company logo
1 of 13
ECOMMERCE INNOVATOR GAINS AN EDGE
WITH CLOUD-BASED PIM AND SUPPLIER
MANAGEMENT SOFTWARE
APRIL 28, 2015
CONFIDENTIAL, MERCHANTRY © 2014
Page 2
A fast growing design-oriented ecommerce
retailer planned to launch a series of limited
time pop-up stores with a constantly changing
assortment of limited time pop-up stores with a
constantly changing assortment of unique and
hard-to-find items from a variety of vendors.
They were bogged down with substantial
challenges from the ongoing rapid pace of
onboarding new suppliers and their product
catalogs (Product Information Management) –
something they needed to excel at for their
unique business model to succeed.
RETAILER OVERVIEW: MULTI-BRAND ECOMMERCE SITE
About the Retailer
• Online only business
• “Pop-up stores”
• Multi-brand retailer
• Fashion & Apparel
• Product Information
Management
Challenges
• Led by ecommerce
veterans
CONFIDENTIAL, MERCHANTRY © 2014
Page 3
Merchandising at Turbo-Charged Speeds
The business model put tremendous pressure on the
merchandising function. They had to find new products and
add all the supplier and product details to the online store in
days, even hours!
Onboarding Suppliers and Products Every
Day All Day
Speed was not the only factor with this business model;
volume upped the challenge. Onboarding can strain any
merchant, but for this retailer, adding suppliers and product
information wasn’t a one-time or seasonal struggle, but a
massively relentless every day way of doing business
RETAILER OVERVIEW: ONBOARDING SUPPLIER
CATALOGUES DAILY
“I could not afford the
distraction of spending 25% to
30% of my time on a home
grown IT project for product
information management
during this critical early project
phase. And I knew an email
and spreadsheet product
information management
process would be a disaster.”
CEO
CONFIDENTIAL, MERCHANTRY © 2014
Page 4
THE CHALLENGE: DRAMATICALLY SCALE SUPPLIER AND
PRODUCT ONBOARDING WITHOUT ADDING STAFF
The ecommerce company needed an innovative approach to supplier and
product information management that addressed three core challenges:
Continuous supplier
onboarding
Rapid pace of adding
new products and
details
Scarce resources: Not
enough people or time
Curating a unique assortment of
merchandise meant this
company needed to handle a
large number of suppliers, with
new ones being added every
day.
The suppliers ranged from large
and efficient companies to tiny
artisanal vendors.
Many were not technology savvy
and almost all of them had
different processes and
capabilities.
Managing suppliers was simple
compared to the product
information management task. The
retailer needed a way to handle the
massive number and variety of
products coming on daily. The sheer
scale of effort and the relentlessly
fast pace of the business model was
complicated by the need to present
the products across platforms, from
the traditional Website to mobile,
social, even search. While some SKUs
shared common product attributes,
many had unique elements that were
the key to creating the rich product
descriptions needed for stimulating
sales and for sophisticated SEO.
Does any retailer have an oversupply of
staff, cash and time? Our client had
ambitious growth plans that absolutely
demanded a scalable and automated
product information management
system.
They could not add employees fast
enough to handle expansion plans.
Their lean staff needed to focus on
sourcing and selling amazing products,
not managing a multi-month system-
build and IT integration process.
They needed to spend wisely and avoid
making a huge upfront investment with
a long payback window.
CONFIDENTIAL, MERCHANTRY © 2014
Page 5
Buy Now or Never
Online retailing is about immediacy.
This company’s business model turbo-
charged the impact of that immediacy.
Because the stores were up for only a few
days, shoppers needed to buy now,
because the product might not be there
tomorrow.
That put even pressure on the product
information management function.
THE CHALLENGE: CONVERT SITE VISITORS WITH A
CONSTANT FLOW OF ROBUST PRODUCT OFFERS
• Product details needed to
automatically flow across platforms
• Product descriptions had to stimulate
a “buy now” impulse
• Rich product information was a must
for creating a sense of trust and
confidence in the company and the
items for sale
• Products had to be quickly findable
through SEO
• The short retail window meant
CONFIDENTIAL, MERCHANTRY © 2014
Page 6
Merchantry Solution
Merchantry’s SaaS PIM software was built by retailers, for retailers, to address the
online retailer’s critical ecommerce needs:
• Speed was of the essence. Merchantry’s fast implementation front-loaded value
without requiring front-loaded investment.
• Merchantry created hundreds of product attribute and validation rules to
automate the long-term management of product information across thousands of SKUs
and suppliers.
• Merchantry implemented a fully automated supplier onboarding and product
information management system.
• Merchantry’s Supplier Portal provided a single point of entry for all supplier and
product catalog content, along with an easy and transparent process for self-
onboarding and updating.
• Merchantry delivered training for the retailer’s staff and key suppliers to create
instant experts who could make maximum use of the system from day one.
MERCHANTRY SOLUTION: CLOUD BASED SUPPLIER
ONBOARDING AND PRODUCT INFORMATION MANAGEMENT
CONFIDENTIAL, MERCHANTRY © 2014
Page 7
SaaS PIM Speed to Market
Merchantry’s SaaS Product
Information Management (PIM)
solution optimized the online retailer’s
speed to market with fresh, new
products.
Richly detailed product descriptions,
supported by flexible categorization,
has generated increases in sales and
improvements in SEO performance.
Clear, comprehensive and accurate
product information builds trust and
activates shoppers to buy.
SAAS PIM RESULTS: SPEED TO MARKET, SCALABILITY,
AND SUPPLIER SATISFACTION
Success by the Numbers
• 7 weeks from start to finish
• 1 point of entry for all suppliers, items
and platforms
• Onboarding over 200 suppliers per
month
• Handling over 1,400 item validation
rules
“Speed to market with a curated and constantly
changing offering of unique products that have
expansive descriptions is where we excel.
Merchantry is our product information
management secret that keeps our competition
guessing, our suppliers happy and our
customers buying.”
–CEO
CONFIDENTIAL, MERCHANTRY © 2014
Page 8
SaaS PIM Scalability
On the operational side, Merchantry’s SaaS PIM software enables the company
to:
• Onboard hundreds of new suppliers and thousands of products every
month—incredibly fast, without sacrificing accuracy.
• Automate validation of supplier information, preventing mistakes and also
feeding online, mobile and social platforms seamlessly.
• Focus on their core competency of curating cool products. With suppliers able
to quickly and effectively self-onboard, the company avoided pushing
spreadsheets and building and modifying IT systems and
And the solution will enable them to continue growing without adding staff.
SAAS PIM RESULTS: SPEED TO MARKET, SCALABILITY,
AND SUPPLIER SATISFACTION
CONFIDENTIAL, MERCHANTRY © 2014
Page 9
SaaS PIM Supplier Satisfaction
• Suppliers love the solution too!
• Merchantry makes doing business with this retailer easy—even for small
suppliers with low technology skills. The process is clear and simple so that
suppliers can self-onboard and effortlessly, completely, and accurately supply
information that will make their products sell.
• First impressions count. Merchantry helped this company create trust from
suppliers with a well-thought-out, solidly functioning process and easy tools. This
retailer now is master of a function that is differentiating and mission-critical to the
success of their business model.
SAAS PIM RESULTS: SAAS PIM SPEED TO MARKET,
SCALABILITY, AND SUPPLIER SATISFACTION
CONFIDENTIAL, MERCHANTRY © 2014
Page 10
PIM Implementation Phase
No hidden costs outside contract
• No hardware purchase or
configuration
(vs. time and money spent purchasing servers
and DBs, configuring, etc.)
• No PIM software customization or
outside tech resources required
(vs. large professional services contract)
• Rapid PIM deployment and adoption
SAAS PIM RESULTS: MERCHANTRY’S CLOUD-BASED
SOLUTION SAVED TIME AND MONEY
Ongoing PIM Support
No IT infrastructure or software
upgrades to manage
• No FTEs for internal IT management
(vs. ½ FTE for server and software
maintenance)
• Upgrades managed by Merchantry
• Dedicated account manager and
support team for client users
• Supplier support for catalog
onboarding
Low Total Cost of Ownership
CONFIDENTIAL, MERCHANTRY © 2014
Page 11
Cloud PIM Advantages
• Product: Pre-configured for
retailer and supplier use cases –
no custom programming
• Infrastructure: No impact on IT
infrastructure, no hardware
sourcing or software install
• API’s: Open APIs in a non-
proprietary format, connecting to
any number of systems
SAAS PIM RESULTS: RAPID IMPLEMENTATION AND
FASTE “TIME TO IMPACT”
Impact on PIM Implementation
2 Months after signature
• 4,700 new products in system
• 190 new suppliers
3 Months after signature
• 7,700 new products in system
• 300 new suppliers
CONFIDENTIAL, MERCHANTRY © 2014
Page 12
MERCHANTRY: SAAS PRODUCT INFORMATION
MANAGEMENT FOR MULTI-BRAND RETAILERS
About Merchantry
Based in NYC, Merchantry is the world's only cloud-based
enterprise Product Information Management solution.
Designed by retailers for retailers, Merchantry's SaaS PIM
delivers speed, flexibility and scalability:
• Fastest PIM implementation
• Fastest supplier onboarding
• Robust dropship management module
• Configurable enterprise-strength product information
management (no custom programming)
• On-demand PIM scalability without hardware purchases
or management
CONFIDENTIAL, MERCHANTRY © 2014
Page 13
LEARN MORE ABOUT PRODUCT INFORMATION
MANAGEMENT AND SUPPLIER ONBOARDING
Links to Additional Free Resources
• Case Study Webinar: The Future of Ecommerce -How Bluefly
Excelled at Supplier onboarding
• Whitepaper: 7 Product Data Inefficiencies Impacting Your
Revenue Growth
• Blog Post: Unlocking Sales Growth with Product Information
Management (PIM) Software
• Website: Managing Retail Product Information
• Demonstration: Schedule a SaaS Product Information
Management solution demo

More Related Content

Viewers also liked

Presentation1
Presentation1Presentation1
Presentation1makenet
 
Best Practices for Implementing a Product Information Management System
Best Practices for Implementing a Product Information Management SystemBest Practices for Implementing a Product Information Management System
Best Practices for Implementing a Product Information Management SystemMelinda Cormier
 
Aircraft Rotable Components - MRO Cost Models_v17_Final_Slideshare
Aircraft Rotable Components - MRO Cost Models_v17_Final_SlideshareAircraft Rotable Components - MRO Cost Models_v17_Final_Slideshare
Aircraft Rotable Components - MRO Cost Models_v17_Final_SlideshareFrank Alfieri
 
Ventana Research Product Information Management e-books
Ventana Research Product Information Management e-booksVentana Research Product Information Management e-books
Ventana Research Product Information Management e-booksVentana Research
 
R3 cp pim webinar presentation 012015fd (3)
R3 cp pim webinar presentation 012015fd (3)R3 cp pim webinar presentation 012015fd (3)
R3 cp pim webinar presentation 012015fd (3)Tinuiti
 
ABC Bank Products and Services Catalogue
ABC Bank Products and Services Catalogue ABC Bank Products and Services Catalogue
ABC Bank Products and Services Catalogue ABC Bank Kenya
 
How to Steer Ahead of your Competitors through Ecommerce Technology Solutions
How to Steer Ahead of your Competitors through Ecommerce Technology SolutionsHow to Steer Ahead of your Competitors through Ecommerce Technology Solutions
How to Steer Ahead of your Competitors through Ecommerce Technology SolutionsAppterra, Inc.
 

Viewers also liked (7)

Presentation1
Presentation1Presentation1
Presentation1
 
Best Practices for Implementing a Product Information Management System
Best Practices for Implementing a Product Information Management SystemBest Practices for Implementing a Product Information Management System
Best Practices for Implementing a Product Information Management System
 
Aircraft Rotable Components - MRO Cost Models_v17_Final_Slideshare
Aircraft Rotable Components - MRO Cost Models_v17_Final_SlideshareAircraft Rotable Components - MRO Cost Models_v17_Final_Slideshare
Aircraft Rotable Components - MRO Cost Models_v17_Final_Slideshare
 
Ventana Research Product Information Management e-books
Ventana Research Product Information Management e-booksVentana Research Product Information Management e-books
Ventana Research Product Information Management e-books
 
R3 cp pim webinar presentation 012015fd (3)
R3 cp pim webinar presentation 012015fd (3)R3 cp pim webinar presentation 012015fd (3)
R3 cp pim webinar presentation 012015fd (3)
 
ABC Bank Products and Services Catalogue
ABC Bank Products and Services Catalogue ABC Bank Products and Services Catalogue
ABC Bank Products and Services Catalogue
 
How to Steer Ahead of your Competitors through Ecommerce Technology Solutions
How to Steer Ahead of your Competitors through Ecommerce Technology SolutionsHow to Steer Ahead of your Competitors through Ecommerce Technology Solutions
How to Steer Ahead of your Competitors through Ecommerce Technology Solutions
 

Recently uploaded

Learn the Fundamentals of XCUITest Framework_ A Beginner's Guide.pdf
Learn the Fundamentals of XCUITest Framework_ A Beginner's Guide.pdfLearn the Fundamentals of XCUITest Framework_ A Beginner's Guide.pdf
Learn the Fundamentals of XCUITest Framework_ A Beginner's Guide.pdfkalichargn70th171
 
Reassessing the Bedrock of Clinical Function Models: An Examination of Large ...
Reassessing the Bedrock of Clinical Function Models: An Examination of Large ...Reassessing the Bedrock of Clinical Function Models: An Examination of Large ...
Reassessing the Bedrock of Clinical Function Models: An Examination of Large ...harshavardhanraghave
 
Shapes for Sharing between Graph Data Spaces - and Epistemic Querying of RDF-...
Shapes for Sharing between Graph Data Spaces - and Epistemic Querying of RDF-...Shapes for Sharing between Graph Data Spaces - and Epistemic Querying of RDF-...
Shapes for Sharing between Graph Data Spaces - and Epistemic Querying of RDF-...Steffen Staab
 
W01_panagenda_Navigating-the-Future-with-The-Hitchhikers-Guide-to-Notes-and-D...
W01_panagenda_Navigating-the-Future-with-The-Hitchhikers-Guide-to-Notes-and-D...W01_panagenda_Navigating-the-Future-with-The-Hitchhikers-Guide-to-Notes-and-D...
W01_panagenda_Navigating-the-Future-with-The-Hitchhikers-Guide-to-Notes-and-D...panagenda
 
SyndBuddy AI 2k Review 2024: Revolutionizing Content Syndication with AI
SyndBuddy AI 2k Review 2024: Revolutionizing Content Syndication with AISyndBuddy AI 2k Review 2024: Revolutionizing Content Syndication with AI
SyndBuddy AI 2k Review 2024: Revolutionizing Content Syndication with AIABDERRAOUF MEHENNI
 
Unveiling the Tech Salsa of LAMs with Janus in Real-Time Applications
Unveiling the Tech Salsa of LAMs with Janus in Real-Time ApplicationsUnveiling the Tech Salsa of LAMs with Janus in Real-Time Applications
Unveiling the Tech Salsa of LAMs with Janus in Real-Time ApplicationsAlberto González Trastoy
 
Hand gesture recognition PROJECT PPT.pptx
Hand gesture recognition PROJECT PPT.pptxHand gesture recognition PROJECT PPT.pptx
Hand gesture recognition PROJECT PPT.pptxbodapatigopi8531
 
Optimizing AI for immediate response in Smart CCTV
Optimizing AI for immediate response in Smart CCTVOptimizing AI for immediate response in Smart CCTV
Optimizing AI for immediate response in Smart CCTVshikhaohhpro
 
The Ultimate Test Automation Guide_ Best Practices and Tips.pdf
The Ultimate Test Automation Guide_ Best Practices and Tips.pdfThe Ultimate Test Automation Guide_ Best Practices and Tips.pdf
The Ultimate Test Automation Guide_ Best Practices and Tips.pdfkalichargn70th171
 
call girls in Vaishali (Ghaziabad) 🔝 >༒8448380779 🔝 genuine Escort Service 🔝✔️✔️
call girls in Vaishali (Ghaziabad) 🔝 >༒8448380779 🔝 genuine Escort Service 🔝✔️✔️call girls in Vaishali (Ghaziabad) 🔝 >༒8448380779 🔝 genuine Escort Service 🔝✔️✔️
call girls in Vaishali (Ghaziabad) 🔝 >༒8448380779 🔝 genuine Escort Service 🔝✔️✔️Delhi Call girls
 
Steps To Getting Up And Running Quickly With MyTimeClock Employee Scheduling ...
Steps To Getting Up And Running Quickly With MyTimeClock Employee Scheduling ...Steps To Getting Up And Running Quickly With MyTimeClock Employee Scheduling ...
Steps To Getting Up And Running Quickly With MyTimeClock Employee Scheduling ...MyIntelliSource, Inc.
 
Right Money Management App For Your Financial Goals
Right Money Management App For Your Financial GoalsRight Money Management App For Your Financial Goals
Right Money Management App For Your Financial GoalsJhone kinadey
 
Software Quality Assurance Interview Questions
Software Quality Assurance Interview QuestionsSoftware Quality Assurance Interview Questions
Software Quality Assurance Interview QuestionsArshad QA
 
Diamond Application Development Crafting Solutions with Precision
Diamond Application Development Crafting Solutions with PrecisionDiamond Application Development Crafting Solutions with Precision
Diamond Application Development Crafting Solutions with PrecisionSolGuruz
 
+971565801893>>SAFE AND ORIGINAL ABORTION PILLS FOR SALE IN DUBAI AND ABUDHAB...
+971565801893>>SAFE AND ORIGINAL ABORTION PILLS FOR SALE IN DUBAI AND ABUDHAB...+971565801893>>SAFE AND ORIGINAL ABORTION PILLS FOR SALE IN DUBAI AND ABUDHAB...
+971565801893>>SAFE AND ORIGINAL ABORTION PILLS FOR SALE IN DUBAI AND ABUDHAB...Health
 
5 Signs You Need a Fashion PLM Software.pdf
5 Signs You Need a Fashion PLM Software.pdf5 Signs You Need a Fashion PLM Software.pdf
5 Signs You Need a Fashion PLM Software.pdfWave PLM
 
A Secure and Reliable Document Management System is Essential.docx
A Secure and Reliable Document Management System is Essential.docxA Secure and Reliable Document Management System is Essential.docx
A Secure and Reliable Document Management System is Essential.docxComplianceQuest1
 
TECUNIQUE: Success Stories: IT Service provider
TECUNIQUE: Success Stories: IT Service providerTECUNIQUE: Success Stories: IT Service provider
TECUNIQUE: Success Stories: IT Service providermohitmore19
 

Recently uploaded (20)

Learn the Fundamentals of XCUITest Framework_ A Beginner's Guide.pdf
Learn the Fundamentals of XCUITest Framework_ A Beginner's Guide.pdfLearn the Fundamentals of XCUITest Framework_ A Beginner's Guide.pdf
Learn the Fundamentals of XCUITest Framework_ A Beginner's Guide.pdf
 
Reassessing the Bedrock of Clinical Function Models: An Examination of Large ...
Reassessing the Bedrock of Clinical Function Models: An Examination of Large ...Reassessing the Bedrock of Clinical Function Models: An Examination of Large ...
Reassessing the Bedrock of Clinical Function Models: An Examination of Large ...
 
Shapes for Sharing between Graph Data Spaces - and Epistemic Querying of RDF-...
Shapes for Sharing between Graph Data Spaces - and Epistemic Querying of RDF-...Shapes for Sharing between Graph Data Spaces - and Epistemic Querying of RDF-...
Shapes for Sharing between Graph Data Spaces - and Epistemic Querying of RDF-...
 
W01_panagenda_Navigating-the-Future-with-The-Hitchhikers-Guide-to-Notes-and-D...
W01_panagenda_Navigating-the-Future-with-The-Hitchhikers-Guide-to-Notes-and-D...W01_panagenda_Navigating-the-Future-with-The-Hitchhikers-Guide-to-Notes-and-D...
W01_panagenda_Navigating-the-Future-with-The-Hitchhikers-Guide-to-Notes-and-D...
 
SyndBuddy AI 2k Review 2024: Revolutionizing Content Syndication with AI
SyndBuddy AI 2k Review 2024: Revolutionizing Content Syndication with AISyndBuddy AI 2k Review 2024: Revolutionizing Content Syndication with AI
SyndBuddy AI 2k Review 2024: Revolutionizing Content Syndication with AI
 
Unveiling the Tech Salsa of LAMs with Janus in Real-Time Applications
Unveiling the Tech Salsa of LAMs with Janus in Real-Time ApplicationsUnveiling the Tech Salsa of LAMs with Janus in Real-Time Applications
Unveiling the Tech Salsa of LAMs with Janus in Real-Time Applications
 
Hand gesture recognition PROJECT PPT.pptx
Hand gesture recognition PROJECT PPT.pptxHand gesture recognition PROJECT PPT.pptx
Hand gesture recognition PROJECT PPT.pptx
 
Optimizing AI for immediate response in Smart CCTV
Optimizing AI for immediate response in Smart CCTVOptimizing AI for immediate response in Smart CCTV
Optimizing AI for immediate response in Smart CCTV
 
The Ultimate Test Automation Guide_ Best Practices and Tips.pdf
The Ultimate Test Automation Guide_ Best Practices and Tips.pdfThe Ultimate Test Automation Guide_ Best Practices and Tips.pdf
The Ultimate Test Automation Guide_ Best Practices and Tips.pdf
 
call girls in Vaishali (Ghaziabad) 🔝 >༒8448380779 🔝 genuine Escort Service 🔝✔️✔️
call girls in Vaishali (Ghaziabad) 🔝 >༒8448380779 🔝 genuine Escort Service 🔝✔️✔️call girls in Vaishali (Ghaziabad) 🔝 >༒8448380779 🔝 genuine Escort Service 🔝✔️✔️
call girls in Vaishali (Ghaziabad) 🔝 >༒8448380779 🔝 genuine Escort Service 🔝✔️✔️
 
Microsoft AI Transformation Partner Playbook.pdf
Microsoft AI Transformation Partner Playbook.pdfMicrosoft AI Transformation Partner Playbook.pdf
Microsoft AI Transformation Partner Playbook.pdf
 
Steps To Getting Up And Running Quickly With MyTimeClock Employee Scheduling ...
Steps To Getting Up And Running Quickly With MyTimeClock Employee Scheduling ...Steps To Getting Up And Running Quickly With MyTimeClock Employee Scheduling ...
Steps To Getting Up And Running Quickly With MyTimeClock Employee Scheduling ...
 
Right Money Management App For Your Financial Goals
Right Money Management App For Your Financial GoalsRight Money Management App For Your Financial Goals
Right Money Management App For Your Financial Goals
 
Software Quality Assurance Interview Questions
Software Quality Assurance Interview QuestionsSoftware Quality Assurance Interview Questions
Software Quality Assurance Interview Questions
 
Diamond Application Development Crafting Solutions with Precision
Diamond Application Development Crafting Solutions with PrecisionDiamond Application Development Crafting Solutions with Precision
Diamond Application Development Crafting Solutions with Precision
 
+971565801893>>SAFE AND ORIGINAL ABORTION PILLS FOR SALE IN DUBAI AND ABUDHAB...
+971565801893>>SAFE AND ORIGINAL ABORTION PILLS FOR SALE IN DUBAI AND ABUDHAB...+971565801893>>SAFE AND ORIGINAL ABORTION PILLS FOR SALE IN DUBAI AND ABUDHAB...
+971565801893>>SAFE AND ORIGINAL ABORTION PILLS FOR SALE IN DUBAI AND ABUDHAB...
 
CHEAP Call Girls in Pushp Vihar (-DELHI )🔝 9953056974🔝(=)/CALL GIRLS SERVICE
CHEAP Call Girls in Pushp Vihar (-DELHI )🔝 9953056974🔝(=)/CALL GIRLS SERVICECHEAP Call Girls in Pushp Vihar (-DELHI )🔝 9953056974🔝(=)/CALL GIRLS SERVICE
CHEAP Call Girls in Pushp Vihar (-DELHI )🔝 9953056974🔝(=)/CALL GIRLS SERVICE
 
5 Signs You Need a Fashion PLM Software.pdf
5 Signs You Need a Fashion PLM Software.pdf5 Signs You Need a Fashion PLM Software.pdf
5 Signs You Need a Fashion PLM Software.pdf
 
A Secure and Reliable Document Management System is Essential.docx
A Secure and Reliable Document Management System is Essential.docxA Secure and Reliable Document Management System is Essential.docx
A Secure and Reliable Document Management System is Essential.docx
 
TECUNIQUE: Success Stories: IT Service provider
TECUNIQUE: Success Stories: IT Service providerTECUNIQUE: Success Stories: IT Service provider
TECUNIQUE: Success Stories: IT Service provider
 

Product Information Management (PIM) | SaaS | Case Study

  • 1. ECOMMERCE INNOVATOR GAINS AN EDGE WITH CLOUD-BASED PIM AND SUPPLIER MANAGEMENT SOFTWARE APRIL 28, 2015
  • 2. CONFIDENTIAL, MERCHANTRY © 2014 Page 2 A fast growing design-oriented ecommerce retailer planned to launch a series of limited time pop-up stores with a constantly changing assortment of limited time pop-up stores with a constantly changing assortment of unique and hard-to-find items from a variety of vendors. They were bogged down with substantial challenges from the ongoing rapid pace of onboarding new suppliers and their product catalogs (Product Information Management) – something they needed to excel at for their unique business model to succeed. RETAILER OVERVIEW: MULTI-BRAND ECOMMERCE SITE About the Retailer • Online only business • “Pop-up stores” • Multi-brand retailer • Fashion & Apparel • Product Information Management Challenges • Led by ecommerce veterans
  • 3. CONFIDENTIAL, MERCHANTRY © 2014 Page 3 Merchandising at Turbo-Charged Speeds The business model put tremendous pressure on the merchandising function. They had to find new products and add all the supplier and product details to the online store in days, even hours! Onboarding Suppliers and Products Every Day All Day Speed was not the only factor with this business model; volume upped the challenge. Onboarding can strain any merchant, but for this retailer, adding suppliers and product information wasn’t a one-time or seasonal struggle, but a massively relentless every day way of doing business RETAILER OVERVIEW: ONBOARDING SUPPLIER CATALOGUES DAILY “I could not afford the distraction of spending 25% to 30% of my time on a home grown IT project for product information management during this critical early project phase. And I knew an email and spreadsheet product information management process would be a disaster.” CEO
  • 4. CONFIDENTIAL, MERCHANTRY © 2014 Page 4 THE CHALLENGE: DRAMATICALLY SCALE SUPPLIER AND PRODUCT ONBOARDING WITHOUT ADDING STAFF The ecommerce company needed an innovative approach to supplier and product information management that addressed three core challenges: Continuous supplier onboarding Rapid pace of adding new products and details Scarce resources: Not enough people or time Curating a unique assortment of merchandise meant this company needed to handle a large number of suppliers, with new ones being added every day. The suppliers ranged from large and efficient companies to tiny artisanal vendors. Many were not technology savvy and almost all of them had different processes and capabilities. Managing suppliers was simple compared to the product information management task. The retailer needed a way to handle the massive number and variety of products coming on daily. The sheer scale of effort and the relentlessly fast pace of the business model was complicated by the need to present the products across platforms, from the traditional Website to mobile, social, even search. While some SKUs shared common product attributes, many had unique elements that were the key to creating the rich product descriptions needed for stimulating sales and for sophisticated SEO. Does any retailer have an oversupply of staff, cash and time? Our client had ambitious growth plans that absolutely demanded a scalable and automated product information management system. They could not add employees fast enough to handle expansion plans. Their lean staff needed to focus on sourcing and selling amazing products, not managing a multi-month system- build and IT integration process. They needed to spend wisely and avoid making a huge upfront investment with a long payback window.
  • 5. CONFIDENTIAL, MERCHANTRY © 2014 Page 5 Buy Now or Never Online retailing is about immediacy. This company’s business model turbo- charged the impact of that immediacy. Because the stores were up for only a few days, shoppers needed to buy now, because the product might not be there tomorrow. That put even pressure on the product information management function. THE CHALLENGE: CONVERT SITE VISITORS WITH A CONSTANT FLOW OF ROBUST PRODUCT OFFERS • Product details needed to automatically flow across platforms • Product descriptions had to stimulate a “buy now” impulse • Rich product information was a must for creating a sense of trust and confidence in the company and the items for sale • Products had to be quickly findable through SEO • The short retail window meant
  • 6. CONFIDENTIAL, MERCHANTRY © 2014 Page 6 Merchantry Solution Merchantry’s SaaS PIM software was built by retailers, for retailers, to address the online retailer’s critical ecommerce needs: • Speed was of the essence. Merchantry’s fast implementation front-loaded value without requiring front-loaded investment. • Merchantry created hundreds of product attribute and validation rules to automate the long-term management of product information across thousands of SKUs and suppliers. • Merchantry implemented a fully automated supplier onboarding and product information management system. • Merchantry’s Supplier Portal provided a single point of entry for all supplier and product catalog content, along with an easy and transparent process for self- onboarding and updating. • Merchantry delivered training for the retailer’s staff and key suppliers to create instant experts who could make maximum use of the system from day one. MERCHANTRY SOLUTION: CLOUD BASED SUPPLIER ONBOARDING AND PRODUCT INFORMATION MANAGEMENT
  • 7. CONFIDENTIAL, MERCHANTRY © 2014 Page 7 SaaS PIM Speed to Market Merchantry’s SaaS Product Information Management (PIM) solution optimized the online retailer’s speed to market with fresh, new products. Richly detailed product descriptions, supported by flexible categorization, has generated increases in sales and improvements in SEO performance. Clear, comprehensive and accurate product information builds trust and activates shoppers to buy. SAAS PIM RESULTS: SPEED TO MARKET, SCALABILITY, AND SUPPLIER SATISFACTION Success by the Numbers • 7 weeks from start to finish • 1 point of entry for all suppliers, items and platforms • Onboarding over 200 suppliers per month • Handling over 1,400 item validation rules “Speed to market with a curated and constantly changing offering of unique products that have expansive descriptions is where we excel. Merchantry is our product information management secret that keeps our competition guessing, our suppliers happy and our customers buying.” –CEO
  • 8. CONFIDENTIAL, MERCHANTRY © 2014 Page 8 SaaS PIM Scalability On the operational side, Merchantry’s SaaS PIM software enables the company to: • Onboard hundreds of new suppliers and thousands of products every month—incredibly fast, without sacrificing accuracy. • Automate validation of supplier information, preventing mistakes and also feeding online, mobile and social platforms seamlessly. • Focus on their core competency of curating cool products. With suppliers able to quickly and effectively self-onboard, the company avoided pushing spreadsheets and building and modifying IT systems and And the solution will enable them to continue growing without adding staff. SAAS PIM RESULTS: SPEED TO MARKET, SCALABILITY, AND SUPPLIER SATISFACTION
  • 9. CONFIDENTIAL, MERCHANTRY © 2014 Page 9 SaaS PIM Supplier Satisfaction • Suppliers love the solution too! • Merchantry makes doing business with this retailer easy—even for small suppliers with low technology skills. The process is clear and simple so that suppliers can self-onboard and effortlessly, completely, and accurately supply information that will make their products sell. • First impressions count. Merchantry helped this company create trust from suppliers with a well-thought-out, solidly functioning process and easy tools. This retailer now is master of a function that is differentiating and mission-critical to the success of their business model. SAAS PIM RESULTS: SAAS PIM SPEED TO MARKET, SCALABILITY, AND SUPPLIER SATISFACTION
  • 10. CONFIDENTIAL, MERCHANTRY © 2014 Page 10 PIM Implementation Phase No hidden costs outside contract • No hardware purchase or configuration (vs. time and money spent purchasing servers and DBs, configuring, etc.) • No PIM software customization or outside tech resources required (vs. large professional services contract) • Rapid PIM deployment and adoption SAAS PIM RESULTS: MERCHANTRY’S CLOUD-BASED SOLUTION SAVED TIME AND MONEY Ongoing PIM Support No IT infrastructure or software upgrades to manage • No FTEs for internal IT management (vs. ½ FTE for server and software maintenance) • Upgrades managed by Merchantry • Dedicated account manager and support team for client users • Supplier support for catalog onboarding Low Total Cost of Ownership
  • 11. CONFIDENTIAL, MERCHANTRY © 2014 Page 11 Cloud PIM Advantages • Product: Pre-configured for retailer and supplier use cases – no custom programming • Infrastructure: No impact on IT infrastructure, no hardware sourcing or software install • API’s: Open APIs in a non- proprietary format, connecting to any number of systems SAAS PIM RESULTS: RAPID IMPLEMENTATION AND FASTE “TIME TO IMPACT” Impact on PIM Implementation 2 Months after signature • 4,700 new products in system • 190 new suppliers 3 Months after signature • 7,700 new products in system • 300 new suppliers
  • 12. CONFIDENTIAL, MERCHANTRY © 2014 Page 12 MERCHANTRY: SAAS PRODUCT INFORMATION MANAGEMENT FOR MULTI-BRAND RETAILERS About Merchantry Based in NYC, Merchantry is the world's only cloud-based enterprise Product Information Management solution. Designed by retailers for retailers, Merchantry's SaaS PIM delivers speed, flexibility and scalability: • Fastest PIM implementation • Fastest supplier onboarding • Robust dropship management module • Configurable enterprise-strength product information management (no custom programming) • On-demand PIM scalability without hardware purchases or management
  • 13. CONFIDENTIAL, MERCHANTRY © 2014 Page 13 LEARN MORE ABOUT PRODUCT INFORMATION MANAGEMENT AND SUPPLIER ONBOARDING Links to Additional Free Resources • Case Study Webinar: The Future of Ecommerce -How Bluefly Excelled at Supplier onboarding • Whitepaper: 7 Product Data Inefficiencies Impacting Your Revenue Growth • Blog Post: Unlocking Sales Growth with Product Information Management (PIM) Software • Website: Managing Retail Product Information • Demonstration: Schedule a SaaS Product Information Management solution demo