Within the retail industry efficient management of supplier accounts, product onboarding, and product syndication is an ever-growing need for retail organizations. This includes, but is not limited to, the need to facilitate the following business operations:
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The onboarding of new supplier accounts. Category managers must be able to onboard new suppliers. Once a supplier has been onboarded in STEP, category managers must collaborate with supplier users to further enrich their master data.
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Achieving and maintaining supplier compliance. When a retailer is working with suppliers, compliance is an important requirement. Category managers need to be able to ensure that both new and existing supplier accounts continue to uphold certain compliance levels set forth by the industry and the business.
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Onboarding of products and services for suppliers. Category managers must manage the assortment of products that are purchased from suppliers to meet business goals.
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Product data syndication. Product information supporting an organization's ever-changing product-line assortments must be syndicated to proper retail channels.
The challenge for many organizations is the lack of a unified solution to address these operations which span across multiple domains. To address this challenge, Stibo Systems MDM platform provides a Retail Multidomain MDM solution which provides a seamless coupling between Supplier Onboarding, Accelerator for Retail, and Product Data Exchange (PDX).
Supplier onboarding allows for the onboarding of new suppliers in STEP and provides a collaborative flow between various personas such as category management, finance, logistics, etc., to fully enrich and ensure new supplier accounts are compliant with company needs. A self-service option is also available for external supplier users to access their data in STEP to onboard additional entities for their supplier and maintain existing supplier master data.
Category managers are also able to onboard products and services for the new supplier account through Accelerator for Retail and leverage PDX to syndicate the new product master data to various retail channels.
For more details concerning Supplier Onboarding, refer to the Customer & Supplier MDM Solution Implementation Guidelines here.
For more information concerning Accelerator for Retail and PDX, refer to the Accelerator for Retail enablement documentation here.