SKUvantage
| LOGO-CMYK-COLOUR-SKU vantage NO-strapline-2018.png | |
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| ISIN | 🆔 |
|---|---|
| Fate | Acquired by Salsify (2021) |
| Founded 📆 | Sydney, Australia, (June 1, 2012) |
| Founder 👔 | Daniel Roberts, Joshua Gavin |
| Headquarters 🏙️ | , Sydney , Australia |
Area served 🗺️ | Australia, New Zealand |
Key people | Daniel Roberts (CEO) |
| Products 📟 |
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| Brands | SKUvantage, SKUlibrary |
| Owner | Salsify |
| Members | |
Number of employees | |
| 🌐 Website | [Lua error in Module:WikidataIB at line 665: attempt to index field 'wikibase' (a nil value). ] |
| 📇 Address | |
| 📞 telephone | |
SKUvantage is based in Sydney, Australia, providing product photography and other product content related services.
History[edit]
SKUvantage was founded in 2012 by Daniel Roberts and Joshua Gavin. During their experience of launching e-commerce projects for Woolworths Australia, Woolworths UK and Tesco,[1] the founders realised that product photography and product content was a major challenge for retailers.[2] They developed SKUvantage to provide a service with associated technology for retailers to minimise the effort and cost of delivering product content for their ecommerce platforms.
In June 2012 the business secured funding from a number of investors including Breon Corcoran and The Foundry, an Australian Private Equity company.[3] SKUvantage commenced formal operation in September of that year.
SKUvantage was wholly acquired by Salsify, the leading product experience management technology provider in the United States, in October 2021.[4]
Services[edit]
Product content is the information presented by retailers and their vendors about their products to enable consumers to make an informed purchase choice. This information includes images, data, descriptions, video and other forms of digital content. Product content is different to long form product content, in that it is specific to products. Studies show that retailers are increasingly investing in both forms of product content[5] to drive conversion rate. SKUvantage is recognised within Australia[6] as providing value add services particularly in the grocery / FMCG sector for helping suppliers display better product content to consumers.[7]
SKUvantage provides a number of services under the "SKU" prefix to support retailers and brands in this area. SKU stands for Stock Keeping Unit in a retail context. These services include:
- SKUvantage - A suite of content capture services including product photography, product data transcription and product description writing service
- SKUlibrary - A product content syndication platform, used to share product content between supplier and retailers
- SKUcapture - A product content portal to manage the acquisition of product content from suppliers
SKUvantage is used by many of Australia and New Zealand's leading retailers to manage their product content including Endeavour Drinks, Mitre 10, Chemist Warehouse, Greencross Health among others. It also manages content for the majority of FMCG leading FMCG brands via the SKUlibrary platform for distribution into retailers.[8] SKUvantage is involved in providing full product content, which includes product photography, nutritional information and marketing copy, for grocery products within Australia.[9]
Operations[edit]
The SKUvantage platform of SKUlibrary is built on the hybris ecommerce platform, owned by SAP.[10] A customisation of this platform has enabled SKUvantage to pioneer a flexible way of publishing product photography and other product content into consumers of content such as retailers and brand web sites.
The SKUlibrary platform, is used extensively within the grocery/ FMCG sectors in Australia to deliver product content to retailers and end consumers.[11] A partnership with the Drinks Association of Australia, has resulted in dedicated version of the platform for the drinks industry.[12]
References[edit]
- ↑ "Customers snaffle Woolies app". Australian Financial Review. 26 Aug 2011.
- ↑ "Authority of information". RetailBiz. Retrieved 7 December 2012.
- ↑ "Foundry makes two start-up investments". Startupsmart. Retrieved 22 November 2012.
- ↑ "Salsify acquisition of SKUvantage".
- ↑ "Leading the Content Revolution". Edge. Retrieved 1 June 2014.
- ↑ "Industry News". Efficient Consumer Response Australia: Email Journal. June 2014.
- ↑ "Products Need to Look as Good Online as Offline to Win in Digital Channels". Retail World (November 2013): 56–58. November 2013.
- ↑ "Making FMCG products look good online". AFGC. Retrieved 1 June 2013.
- ↑ "Don't overlook your online image". Food & Drink Business. Retrieved 20 January 2014.
- ↑ "SAP buys Hybris". Forbes.
- ↑ "An innovative new alternative for distributing images & product content for online & print". Retail World (June 2014): 61–62. June 2014.
- ↑ "New Drinks Library". Drinks Weekly: 10. 2014-08-22.
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