The Future of eCommerce:How Bluefly Excelled at Supplier Onboarding Rick Watson, CEO at Merchantry October 16th, 2014 @ 1:00 pm EST Today’s Speakers: Rick Watson - CEO, Merchantry Randy Smythe - Senior Director, Marketplace, Bluefly John Carles - VP of Product & Client Services, Merchantry Who Is Bluefly? - Founded in 1998 and headquartered in New York City - Targets successful, single career women (75% female customer base) - Carries over 50,000 styles and 350 brands - Has served over 1.5 million customers in 13 countries The Challenge: How do we onboard vendors more efficiently and centralize their data to get more products to market faster? Bluefly Supplier Onboarding Before Merchantry: - Suppliers more varied than previous in-house systems - Manual process of data validation - In-house solution for drop-ship, but limited and manual - Manual process of exporting data to ATG platform Problem Specifics: - Wanted to add a Marketplace model to traditional selection - Needed to increase assortment dramatically via supplier expansion - Needed to improve product data attribute quality Search for Solutions: - Continue with one-off integration for each supplier? - Build a proprietary solution internally? - Search for an experienced software partner? Merchantry Product Information Management Platform Supplier Onboarding Flow Results: Since launching with the Merchantry PIM platform four months ago, Bluefly has: - Started onboarding new suppliers and products on a weekly basis. 235 to date. - Added revenue by collecting, validating, and integrating product data within the centralized portal and then seamlessly distributing it to Oracle ATG. 82,000 products added in 4 months. Gotchas to Look Out For: Things to remember about your own program: - Software can only do so much—supplier communication and training can be hard work - 3-4 Bluefly/Merchantry people dedicated to the program at scale - Drop-ship program must be coordinated through merchandising teams, or you invite conflict or turf battles Bluefly’s Reaction: "It’s a lot of work to build a marketplace infrastructure internally. While bigger marketplace retailers often have the internal IT resources to take on complex development, most small-to-medium-sized business that are looking to develop a marketplace eCommerce model find it highly beneficial to leverage a partner. With partners like Merchantry, eCommerce retailers can streamline the onboarding process and accelerate time to market." - Randy Smythe, Senior Director, Marketplace at Bluefly Omnichannel at Shop.org Summit 2014: - Retailers “must evolve or die” - Consumer expectations have changed the name of the game to creating a smooth overall shopping experience, regardless of channels - Building brand loyalty and customer retention is key - Big data will drive personalization and provide valuable shopper insights Questions? Connect With Us