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Fig. 4 – Information provided  been a founding principle of the commercial pro-         enabled by technology:
by vendors                     cess. Third party feedbacks are determinant for the      •	 a shared common language simplifies rela-
                               core processes of the Value Chain, and today we
                               are not leveraging technology at its best.                     tionships and interfaces;
                                                                                        •	 sharing experiences and trust is the way to in-
                               Supplhi’s approach
                                                                                              crease efficiency and the quality of decisions.
                               SupplHi (www.supplhi.com) is an online platform
                               that provides reliable information on industrial ven-    SupplHi is global, open, and designed with the
                               dors, acting as a support for decision-making (fi-       industry. Multiple traditional vendor management
                               gure 2).                                                 service providers exist in the market, but they typi-
                               SupplHi helps Buyers understand “who’s really            cally divide their vendor bases in “geographic com-
                               able to supply a specific product or service” and        munities”, are closed, and do not have a category
                               “how good is each Supplier”. SupplHi also provi-         expertise that grants information quality assuran-
                               des Vendors with increased global visibility, helping    ce. The success of SupplHi is based on the power
                               small and large Suppliers to reach new customers         of sharing small amounts of information in a well-
                               around the world.                                        structured framework, and receiving back a highly
                               In order to do that, SupplHi leverages on a stan-        leveraged benefit.
                               dardized product classification, designed with the       All the actors in the value chain benefit from a sha-
                               industry (with joint working groups with Trade As-       red approach, as proposed by SupplHi. A shared
                               sociations, Buyers and Vendors, involving both the       common language can be seen as a structured fra-
                               engineering and procurement functions) (figure 3).       mework that simplifies relationships and interfaces.
                               Content generation is left in the hands of the users,    Buyers can boost their market intelligence, which is
                               with SupplHi granting quality assurance of the in-       particularly relevant for new markets/geographies,
                               formation through sanity checks with a network of        having access to benchmarks & trends and visibi-
                               Category Experts: seniors with 20+ years in the          lity on the performance of sub-contractors. Such
                               industry, that provide an in-depth knowledge on          tools can significantly reduce vendor management
                               each category.                                           costs.
                               The information required from each supplier that         Vendors can enhance marketing effectiveness
                               wishes to register is the typical pre-qualification in-  through proper classification, global visibility, re-
                               formation set (figure 4).                                cognition and awareness of relative strengths &
                                                                                        weaknesses. They can also marginally lower their
                               Benefits for the value chain                             marketing costs.
                                                                                        Trade Associations can fulfil their mission to impro-
                               SupplHi believes in two simple things that are at the    ve performance in their industries, sharing good
                               foundation of our value chain, and can be strongly       practices, driving risk management and promoting
                                                                                        targeted and validated international visibility for
                                                                                        their members.

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