The Supplier
Portal Playbook
A Step-By-Step Guide for Successfully
Launching a Content Collaboration Portal
with Your Suppliers
Introduction
In today’s global, omnichannel marketplace, promoting and selling
products requires rich, accurate content to differentiate their products.
Yet too often, down-stream sellers – namely distributors, wholesalers,
dealers and retailers – lack enriched information from brands and find it
challenging and costly to source and manage it themselves.
To improve content effectiveness, many sellers are implementing
Supplier Portals to directly engage brands and industrial suppliers
in the process of onboarding vital information. With failure rates
exceeding 75% for new product introductions, deploying a Supplier
Portal to aid in new product launches as well as other collaborative
efforts with sellers is essential. But: You need the right game plan
to go with it.
Li & Fung Limited is an $18 billion dollar
global supply chain manager primarily for
US and EU brands, department stores,
hypermarkets, specialty stores, catalogue-
led companies, and ecommerce sites.
Deborah Weinswig
Managing Director of Fung Global
Retail & Technology, Li & Fung
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The Supplier Portal Playbook |
Supplier Portals help you
score great content and sell
more products
To deliver growth, companies must bring products to market
more successfully:
• faster,
• at a lower cost,
• with richer content,
• amidst more regulations,
• and with less resources.
Many organizations recognize supplier collaboration is a
key to success, but inefficient and manual systems are a
major roadblock. Product onboarding can be a cumbersome
experience. For one item, multiple e-mails or calls with your
suppliers may be required. Even after several attempts, the
content received may not be accurate or consistent with good
data governance practices or support the need for product
differentiation in marketing and selling activities. This is where a
Supplier Portal can help.
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The Supplier Portal Playbook |
Supplier Portal Business Benefits
When implemented correctly, Supplier Portals can:
• Improve the product differentiation needed for successful
product launches and success with new products and their
role in assortments
• Reduce markdowns arising from ineffective product introductions
• Reduce business overhead and manual work for managing supplier
information and product content.
• Accelerate time-to-market by speeding up the process for
onboarding new suppliers and products.
• Assess performance and compliance, as well as provide direct real-
time feedback to both suppliers and supplier management.
• Manage supplier information relationship across an organization,
including subsidiaries and sub-suppliers.
A frightening 75% to 85% failure rate for new
product introductions creates a daunting
environment for innovation. Supplier Portals
make product introduction faster and easier.
Businesses can create an onboarding
workflow that enforces data standards for its
suppliers and notifies internal teams about
new product introductions, missing data, and
other triggers that may need attention.
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The Supplier Portal Playbook |
The Problem:
Many Supplier Portals Fail
When implemented correctly, Supplier Portal programs can be
game-changing. However, too often portal implementations are
costly failures.
Why? Suppliers and distributors get demands from multiple sellers
and may be unwilling to fully engage. Or, the technology is too
complicated to understand and maintain. Yet the mistakes others
have made in implementing these type of programs can be avoided.
When it comes to launching a Supplier Portal, you don’t need to
reinvent the wheel. The answer lies in partnering with an expert,
following the right playbook, and demonstrating the benefit case to
suppliers for participating.
The fact is, launching an effective Supplier
Portal hinges on the program’s successful
adoption along with best practices in
choosing and deploying the software
solution within and across the
collaborating enterprises.
When it comes to launching
a Supplier Portal, the right
platform and professionals
can show you the best path.
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The Supplier Portal Playbook |
Playbook Rules for Supplier Adoption
Whether you’re deploying a portal as part of an overall Product
Information Management (PIM) system, or seeking a standalone
Supplier Portal to reduce business overhead and accelerate time-to-
market, following these best practices will help set you up for success.
1 Don’t Reinvent the Wheel. Having a plan in place is vital for
your Supplier Portal to succeed. Supplier Portals that build on
what has worked for others have a greater chance for success.
Therefore, seeking an expert with a track record in Supplier
Portal solutions is a great place to start.
2 Focus on Supplier Adoption. Supplier understanding of the
program benefits and direct support of the initiative are key
factors for success. While suppliers will have a period of
adjustment, the program will offer benefits, not burdens.
Therefore, Supplier Portals must keep a firm focus on
collaboration, from start to finish. All of the effort and expense
of your Supplier Portal will be in vain if your suppliers fail to get
on board.
3 Tailor your Portal Playbook. When implementing a Supplier
Portal program, don’t assume one size fits all. Your engagement
with suppliers will vary based on the sophistication level of their
technology and content capabilities. While some may need basic
collaboration on content quality and data governance, others
may seek collaboration on advanced campaigns and product
launch strategies. Tailor your playbook to their needs.
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The Supplier Portal Playbook |
4 Be Lean and Agile. Avoid implementing a solution that requires
an army of people to deploy and maintain. A Supplier Portal that is
integrated with other elements of your overall data and content
platform is the best approach to such efficiency. The portal should
seamlessly connect into other related assets you may deploy, such
as Product Information Management (PIM), Master Data
Management (MDM), and Digital Asset Management solutions.
5 Engage, then Enforce. To get the needed adoption of your
suppliers, you may need to have flexibility on initial rules around
quality constraints. These rules are critical for long term success,
but having a critical mass of supplier support is a key first step.
As your business changes and your suppliers adjust, you can
continuously tighten rules and add deeper levels of data quality
and content enrichment as their skill and controls increase.
6 Prepare to Penalize and Reward. Clear communication begins
with setting basic standards and expectations for performance, as
well as clearly-defined rewards and penalties. These should be
consistent with the business benefits you convey at the start of
bringing the suppliers on board and tie to ongoing shared targets
of the program.
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The Supplier Portal Playbook |
7 Avoid Over-Complicating. The onboarding “registration”
process for suppliers should be as simple as possible – don’t
overwhelm them or give them reason to withdraw. The goal
should be keeping your suppliers engaged and excited about the
mutual benefits of using the new tools. Remember, bi-directional
collaboration with program managers will help drive adoption.
8 Measure, Measure, Measure. A Supplier Portal solution should
provide tools to monitor and measure real-time activity. Polling
suppliers is also a helpful tactic for two reasons: to find areas
where adjustments are needed, and to identify positive
experiences to share with others. Positive word of mouth among
suppliers can be a powerful ally in pushing your program forward.
9 Provide Constant Feedback. Let your suppliers know how
they are doing, and consider incorporating a “scorecard” on the
dashboard that all suppliers can see. A scorecard can be a
constant source of performance monitoring, as well as a
motivation for suppliers to keep up the pace and to provide
direct views of their products’ success.
10 Give Yourself Time. Be sure everyone in your organization
knows that full adoption will take time. The beginning stages of
your implementation should involve piloting the program with a
few of your “champion” suppliers to work out the kinks and gain
support. Once you are ready for a full rollout, continue to test,
measure and adjust as needed.
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The Supplier Portal Playbook |
What to Look For in a Solution
Focusing on the supplier adoption process is half the battle.
An effective portal deployment is only possible if you have a
technology solution that suppliers will embrace.
As Supplier Portal experts, EnterWorks has worked with a wide variety
of organizations. Based on our extensive experience, here are the top
three attributes you should consider if you’re looking to follow the
beaten path to a successful implementation.
The right portal technology will help you grow your
supplier collaboration program, not stifle it. Your
solution should be extremely easy-to-use, flexible with
out-of-the-box features, and configurable over time.
3 Configurable
To ensure your implementation goes
smoothly, look for a technology solution
that is configurable over time, but that also
has out-of-the-box functions for controlling
the quality of your data so no programming
is needed. A flexible, configurable solution
enables you to adapt the solution as your
business changes. After the initial rollout,
you can easily add data points to your data
pool and create new quality requirements.
This allows you to take baby steps
throughout your deployment.
2 Flexible
Another way to ensure adoption is to look
for a solution that is flexible in regards to
collaboration and communication. The portal
should include several options for how the
supplier can interact and provide data. For
example, small supplier organizations may
take a more manual approach, while your
larger suppliers may want to send an excel
file that the portal can receive and upload
automatically. In that case your supplier can
avoid manually logging in altogether and reap
the benefits from a constant data feed.
1 User-Friendly
Supplier Portal implementations hinge on
adoption. That’s why a portal solution must
be designed with a simple, user-friendly
interface. A supplier should be able to
easily log in and interact with the system
with only basic training and technical
skills. The dashboard should be easy-to-
understand and intuitive.
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The Supplier Portal Playbook |
1
Product Information
Management
Strategy and
Roadmap
2
Portal Program
Goals, Objectives and
Key Performance
Indicators
3
Supplier Capabilities
Assessment
4
Portal Program
Rollout and
Implementation
Plan
5
Technology
Selection
6
Product Taxonomy
and Quality /
Validation
Rules
7
Business Process
for Supplier
Collaboration, Data
Collection, and
Adoption
8
Supplier
Preparation and
Communication
Plan
9
Supplier Incentives,
Measurement and
Scoring
10
Install and
Configure Portal
11
Beta Test and
Phased Rollout
12
Continuous
adjustment based
on learnings and
adoption
The Supplier Portal Success Cycle
As part of your Supplier Portal Playbook, consider each step in the Supplier
Portal Success Cycle. From start-to-finish, these 12 steps will get your
organization from vision and planning to a successful rollout.
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The Supplier Portal Playbook |
Supplier Portal in Action:
Johnstone Supply
Johnstone Supply is the largest HVAC Distribution Cooperative in the
U.S., with $1.7 billion in sales and over 400 suppliers. They carry over
80,000 actively managed products with 900 possible attributes across
sales channels including in-store, phone, and e-commerce.
Previously, product content flowed from various systems and
spreadsheets. Inconsistencies emerged, and legacy systems could
not handle the increased volume of data changes.
To drive business transformation and prepare for e-commerce
growth, Johnstone implemented EnterWorks Enable™ PIM
solution with Supplier Portal.
The result? Johnstone has a central repository for all product
information. Suppliers enter content using business-friendly
user interfaces. All e-commerce, catalog, and counter sales
now share access to enhanced and accurate content,
improving the customer experience. Johnstone is also able
to achieve speed-to-market for new products, paving the
way for quick growth.
Read Johnstone’s full story here →
“In HVAC distribution when something breaks you’ve
got to locate the right part quickly! With EnterWorks
Enable PIM we collaborate with suppliers using the
Supplier Portal to create and enrich our data for a
consistent customer experience across our print and
digital publication channels.”
Laura Schultz
Director of IT & PMO, Johnstone Supply
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The Supplier Portal Playbook |
Getting Started
Either way, EnterWorks
has you covered.
Already have a PIM but need to add a Supplier Portal?
Many retailers and distributors who already have a Product
Information Management system in place find that in order to push
an endless aisle strategy, they need a Supplier Portal as well. Adding
a Supplier Portal to your existing PIM solution allows you to transfer
the burden of onboarding millions of product details and data points
to your suppliers. Even if you already have a PIM solution in place,
EnterWorks can supply a Supplier Portal.
Looking for a PIM Solution with an integrated Supplier Portal?
If you’re looking for a Product Information Management solution and
also need a Supplier Portal, EnterWorks Enable™ provides an all-in-
one system at a lower cost of ownership. While our competitors often
have a completely separate Supplier Portal, the EnterWorks Enable™
PIM with Supplier Portal solution is implemented together. By sharing
the same software, they easily communicate with each other. They
use the same data model, same security system, and more. The result
is a seamless solution with high adoption rate at a lower cost.
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The Supplier Portal Playbook |
Conclusion
You Are…
A wholesaler, distributor, or retailer who relies on rich and accurate
product content to promote and sell products. You need content
ranging from product descriptions and marketing copy to images,
videos, and PDF instruction manuals. You need your content to be
accurate, consistent and up-to-date.
Your Challenge Is…
To implement a program that shifts some or nearly all of the
responsibility and burden of creating, entering, and managing
product content to your suppliers – and automate as much of
it as possible. Yet you fear the costly rate of failure experienced
by other organizations.
Your Solution Is…
An easy-to-use, easy-to-deploy content Supplier Portal solution –
created by experts, and driven by the right onboarding best
practices playbook.
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The Supplier Portal Playbook |
Where to Begin
A great first step is speaking with a Supplier Portal and content
management expert who can answer your questions.
Email us at [email protected]
More information →
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888.242.8356 | enterworks.com
About EnterWorks
EnterWorks® Master Data Management (MDM) and Product Information Management
(PIM) solution enables companies to acquire, manage and transform product
information into persuasive content that drives higher sales and new competitive
strengths. By leveraging a company’s products, associated images and videos, brands
and other marketing assets, EnterWorks Enable™ platform delivers powerful content
through e-commerce Web, mobile, print and various electronic channels. EnterWorks
is highly ranked by Gartner (recognized as an industry leader in centralizing product
content for manufacturers and retailers alike in Gartner’s Critical Capabilities Report
from December 2015), Forrester and Ventana Research.
The Right Content.
Enabled.
Deliver differentiated experiences across your
content value chain with EnterWorks, your Product
Information Management solution.
The Supplier Portal Playbook: A Step-By-Step Guide for Successfully Launching a Content Collaboration Portal with Your Suppliers
Join EnterWorks and Deborah Weinswig from Li & Fung for a step-by-step guide to successfully launching a content collaboration portal with your vendors and suppliers. This playbook provides expert insight and real-life customer insights on Supplier Portal solutions to answer some of your top questions about portal implementations. As a guide to your portal and Product Information Management (PIM) journey, the e-book introduces ideas to help you score great content and sell more products through a successful Supplier Portal program.
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