amplifi SALSIFY PIM User Manual

UNDER THE HOOD:
SALSIFY PIM
EXECUTIVE SUMMARY
© 2020 AMPLIFI | ALL RIGHTS RESERVED
UNDER THE HOOD: SALSIFY PIM
Considerable, rapid changes to consumer behavior and commerce as a whole transform the way organizations do business. Three primary trends drastically impact the demands for product data in today’s landscape.
• The rise of the business user
• The premium placed on relationships
• The death of single source of truth
Diving deep into Salsify’s PXM platform, building out complex use cases within a sandbox environment, and spending considerable time interviewing Salsify’s sales and product teams, Amplifi emerged with an expert perspective on Salsify’s platform. Salsify exceeded Amplifi’s expectations for Data Modeling, Enhanced Content, Workflow, Syndication, and Operational Use. However, Amplifi did identify some key opportunities for further growth and development. Notably, suggested changes center around Matching, Relationships, and Governance Metaobjects.
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EXECUTIVE SUMMARY
Key Takeaways
© 2020 AMPLIFI | ALL RIGHTS RESERVED
UNDER THE HOOD: SALSIFY PIM
Amplifi’s key takeaways from this assessment include the following:
Salsify’s new data modeling capabilities are well­equipped to represent hierarchical and referential data and provide a strong foundation for good data practices
The Salsify workflow engine exceeded expectations with its extensibility for complex process modeling coupled with business-user-friendly building blocks
Salsify is on par with other platforms for key PIM capabilities including enterprise user permissioning, data validations, and scalability
As the definition of PIM continues to expand, Salsify is well positioned to remain a leader with existing enhanced content, syndication and digital asset management capabilities
Even with the recent investment in enterprise PIM capabilities, Salsify maintains a focus on delivering an integrated, intuitive, business-user-friendly platform on a cloud-based, multi-tenant platform
Salsify’s PIM platform impressed Amplifi and transformed our view of Salsify’s capabilities. While in the past Salsify’s core competencies revolved around channel management for brand manufacturers and created a perception of Salsify primarily as a syndication tool, based on our MDM expertise, we believe Salsify’s PIM platform is well-equipped to solve holistic product data use cases that are primarily focused on brand manufacturing.
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EXECUTIVE SUMMARY
INTRODUCTION:
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UNDER THE HOOD: SALSIFY PIM
PIM IN TODAY’S WORLD
Commerce evolved dramatically in the last decade, putting
increased importance on rich, engaging product experiences
to drive sales and market share.
Traditional PIM solutions evolved organically through time but weren’t originally designed to solve the complex needs of managing product content in today’s multi-channel, fast moving, highly competitive commerce landscape.
As a result, the requirements for eective PIM solutions have changed, and we have begun to see much more robust solutions arise within this segment of tools around PIM and eXperience Management. These tools and features are following the demands of the market, which require an integrated approach for managing, syndicating, and optimizing product experiences online.
Three Themes
As strategists and consultants, we’ve had the privilege of working with our partners to solve these challenges in today’s organizations, and have identified three common themes that are driving this change:
• The rise of the business user
• The premium placed on relationships
• The death of single source of truth
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INTRODUCTION
THE RISE OF THE BUSINESS
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UNDER THE HOOD: SALSIFY PIM
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USER
Maximizing Value
To maximize the value of a PIM platform it is important that the solution be deployed as far, as wide, and as deep in an organization as possible. The recent inclusion of business users into the ecosystem (compared to IT) has changed the requirements for cross-functional collaboration and require rich capabilities. Modern day PIM solutions are expected to meet those needs.
Operationally, we want data owners and consumers to be as close to the data as possible, while keeping the organization’s interests protected via flexible, yet eective, governance guardrails. Business users need to easily access, transform, and syndicate product content. Including too many barriers can prevent the distribution of content to market, which has a negatively tangible business impact. Therefore, organizations must carefully balance speed and flexibility with the right controls and data governance rules
Without easy access, business users may resort back to rogue spreadsheets, which circumvents data governance principles and adds risk to the organization.
so the organization can get content to market quickly while maintaining data integrity.
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RISE OF THE
BUSINESS USER
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UNDER THE HOOD: SALSIFY PIM
THE PREMIUM PLACED ON
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RELATIONSHIPS
Discovering Data Domains
The PIM space is focused primarily on Product Data (it is in the name), but successful implementations involve more than just Product. Whether it is a SKU, Item, Family, Variant, Packaging (UOM), Kit / Bundle, Material, etc. – there are so many factors in play. The ability to establish rigid and alternate hierarchies, taxonomies, and meaningful links between categories, attributes, and customer preferences is especially crucial in the digital age. This is what improves searchability, enables upselling and cross-selling, and helps retailers make relevant product recommendations to the customer.
Where we are beginning to see a significant increase in value is the ability to connect and discover relationships between data domains. The domains could include Reference (Brand, Certifications, Application, or another facet of Product usage), Location, Supplier, Customer, or
Investing in a way to master rich, well-organized, current, and accessible product information drives operational
efciencies and
helps increase sales.
another domain entirely. Allowing users to control and respond to these relationships lets businesses start really identifying and making decisions that drive revenue.
Modern PIM solutions must be flexible enough to facilitate the variance in models and operations based on the customer’s data and needs. Allowing platform users to control and respond to these relationships lets businesses identify opportunities to boost the customer experience and drive increased revenue. It also ensures they have a clear record of all their products, so that when a transaction happens, they can trust the information and leverage it to derive reliable analytics.
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A PREMIUM ON
RELATIONSHIPS
THE DEATH OF SINGLE SOURCE
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UNDER THE HOOD: SALSIFY PIM
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OF TRUTH
Capturing Consumers
Finally, one of the newest and boldest claims we will make about PIM is the death of the single source of truth. First, do not get us wrong… it is not actually gone, and it is still super critical, but the single source of truth is just the first half of the data life cycle. Some of the most valuable gains of a PIM implementation is around governing the life cycle of data to get a product from an idea to a sellable, consumer-facing state (the single source). Accessing better data quickly translates directly to an organization’s bottom line. This is particularly true for brand manufacturers. BUT in order to drive the top line revenue, that same data needs to be optimized to engage the individual consumers in the market.
This often requires changing titles, descriptions, imagery, and price based on the channel and their unique audience. This means that brands cannot take a one-size-fits-all approach (i.e. single truth) when sharing content across your
The classic single source of truth gives us an authoritative description of what the product is, but to truly capture and convert a consumer, that information must be presented in a manner that speaks to their needs, context, and emotions.
commerce ecosystem. You must create engaging, channel­optimized product experiences. How PIM systems take the second half of the data life cycle and facilitate branching it out to each channel, persona or even individual customer has become a critical PIM requirement.
Given these changes, we are continually seeking to review new and existing toolsets. We explore how they are able to meet the classic challenges of operational data management, while being open enough to solve the new market challenges and provide continual value in the years to come.
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DEATH OF SINGLE
SOURCE OF TRUTH
© 2020 AMPLIFI | ALL RIGHTS RESERVED
UNDER THE HOOD: SALSIFY PIM
The Salsify PIM
Salsify is no stranger to the product content management landscape, having been the go-to resource for complex syndication needs since their founding in 2012. In recent years, they decided to invest in extensive PIM-specific functionality for their PXM platform, which has propelled Salsify into the realm of enterprise PIM. Since 2017, Salsify has put over $35 million into Research and Development focused entirely on core PIM functionality. This investment has elevated Salsify’s ability to compete against PIM­only solutions - marrying data stewardship, governance capabilities and advanced data modeling with their syndication expertise. Customers realize the benefits of these investments, with new functionality and feature enhancements rolling out to users immediately.
Salsify is on a trajectory to upset the current PIM status quo.
- John Phan, Amplifi Chief Revenue Officer
Salsify’s areas of investment are heavily focused on key PIM functionality, including data modeling and workflow management, while also expanding into broader capabilities that brands need to win on the digital shelf, such as enhanced content, digital asset management, and analytics. These areas of investment speak directly to the challenges Amplifi has seen working across a variety of domains, markets, and industries. We were excited to dive deeper into Salsify’s new functionality and PIM capabilities to see if it meets the needs of our brand manufacturer clients.
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THE SALSIFY PIM
AMPLIFI’S UNDER THE
© 2020 AMPLIFI | ALL RIGHTS RESERVED
UNDER THE HOOD: SALSIFY PIM
HOOD EVALUATION
As Amplifi continuously grows and evolves as a consultancy, new opportunities to leverage our skills and expertise also emerge. While working with our clients throughout their MDM journeys, whether it be a fresh implementation, an initiative to tackle a new domain or capability, or a strategy project centered around Data Governance, Amplifi looks to solve new challenges as they arise and take note of areas where many organizations struggle. Because the commerce landscape is changing drastically and rapidly, it can be dicult for organizations to pinpoint the best tool to solve their needs and use cases both in the present and moving forward into the future. This tool selection process often goes overlooked, and Amplifi frequently works with clients to shape their business processes to fit the tool that they have purchased. Yet, we prefer to work with them prior to purchase to guide organizations in selecting the best tool to meet their business needs and processes.
The Purpose
On the other side of the same coin, Amplifi often finds that our software partners struggle to prioritize research and development eorts to maximize the return on these investments, frequently spending time and money on feature sets that are not widely used, while missing opportunities to drastically improve their tool performance to meet new market needs. In an eort to fill this void, Amplifi invested considerable time and expertise into developing our own evaluation and assessment criteria for MDM tools and platforms.
As a leader in the PIM implementation and consultancy space, our evaluation serves two purposes:
To better understand the capabilities of the platform and
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To provide concrete feedback to software vendors to help
validate or challenge whether it is a good t for our clients.
their product strategy
and execution based on
our market experience.
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OUR EVALUATION
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