Having a 360 degree of something is a recurring subject within Master Data Management (MDM). “Customer 360” is probably the most used term. “Product 360” is promoted from time to time too and occasionally we also stumble upon “Supplier 360” (or “Vendor 360”).
Product 360 was recently examined by Simon Walker of Gartner, the analyst firm, in the post Creating the 360-Degree view of Product.
Supplier 360, as in having a single golden supplier/vendor record to connect all databases, was touched by Grant Watling of HICX Solutions a while ago in the post All Aboard! Six steps to supplier onboarding.
The Buy Side Oval is a combination of Product 360 and Supplier 360
Within (Multi-Domain) Master Data Management (MDM) and Product Information Management (PIM) we must be able to provide solutions that enables the buy side to effectively and consistently handle the core entities involved.
The solution to that is not having a supplier product data portal as discussed in the post PIM Supplier Portals: Are They Good or Bad? A key part lies outside your in-house platform in the business ecosystem where you and your suppliers all are participants and can be achieved as told in the post Master Data, Product Information, Digital Assets and Digital Ecosystems.