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Puiblished: Nov 5, 2024 Updated: Nov 20, 2024
Product information management (PIM) helps businesses optimize the procedures for developing and updating product information, manage and communicate it across departments and partners, and ultimately increase productivity and cut costs. Therefore, having some general understanding of product information management systems can be beneficial if you currently work for a company that requires you to handle inventory or production records regularly. Here is a quick PIM beginner’s guide for brands looking to introduce one into their tech stack.
The purpose of PIM software is to centrally manage this data so that staff members from many departments, including marketing, sales, inventory, and customer care, can access it. Additionally, it allows users to work together and exchange, as well as monitor, relevant product data. This data can range from supplier information, client orders and requirements all the way to product descriptions and photographs.
It is necessary for major corporations as well as small and medium-sized firms to use PIM. A key benefit is that it helps them maintain consistency in the information about their products throughout all sales channels, such as the website, social media, and customer support. In essence, a product information management PIM lowers the possibility of mistakes and omissions.
Software for managing product information can assist businesses in keeping track of and organizing product data in real time, guaranteeing that pertinent information is available when needed. The quality of your product data will do doubt improve in quality with a PIM system. Choosing the right software that makes implementing a PIM a seamless undertaking is essential. This ensures your data is reliable from the start.
To better understand the importance of a PIM system for organizations, here are some main goals of product information management including in this guide to PIM:
Customers must feel secure in their product selection and be able to swiftly search and traverse product catalogs to have successful self-service eCommerce experiences.
PIM systems enable brands, through workflows and set rules, to give potential customers access to highly detailed product information, such as detailed data, pictures, and documents, so they can make an informed decision about which product to buy.
It can be difficult and expensive to manually manage complex product information across spreadsheets or other analog systems for global administrators. PIM enables companies to precisely and effectively aggregate product data with automated workflows. For example, these workflows can add fresh and useful market information then distribute that data anywhere products are sold. This applies even on third-party marketplaces like Amazon, through clever automation procedures.
When procedures run smoothly, workers don’t have to worry about preventable problems. PIM systems improve data quality (and reliability), allowing staff to concentrate on other tasks that allow for increased eCommerce success through efficient role assignment rather than items like damage control and remediation.
Additionally, PIM serves as a platform for staff members in various positions to activate the role and compile their contributions, such as product specifications, marketing, and SEO text, and then distribute the content to the appropriate channels.
A beginner’s guide to data addition into a PIM system emphasizes the importance of keeping track of all the data that needs importing before transitioning to the PIM system.
With a PIM system, you can organize all of your data assets in one location and know exactly which data needs allocation to your various channels. However, maintaining some kind of record of the data structure ‘pre-PIM’ can prove to be helpful as you go through implementation.
Using a well-organized and categorized data set heading into a PIM deployment guarantees that finding the information you need for each channel is simple.
Data migration from outdated systems to the PIM platform is necessary during PIM implementation. There are two ways to go about doing this: either all of the data can be transferred to PIM at once, or it can be done gradually until all of the data has been pushed to PIM. Businesses occasionally utilize both systems and maintain their integration.
There are several ways a PIM can ingest your data for managing product data. The most common method is via CSV, where you select the data you want to export from your other systems. From there, you can work with a PIM specialist to ensure rules are created to mirror the data structure you’ve chosen. It can even be configured to do it on a one-time basis or at predetermined intervals.
There are several ways a PIM might disseminate your data and export information. A traditional method is via CSV, where you select the data or requested file you want to export. It can even be configured to do it on a one-time basis or at predetermined intervals.
The more modern approach involves utilizing the software’s built-in APIs. As soon as you publish a change, PIM software’s single source-of-truth can use the APIs to instantly update multiple channels, such as any sales marketplaces or other websites. Most PIM services provide ready-to-use built-in connections for Magento, WooCommerce, and Shopify to help you easily share your massive product data.
In retail, efficiency is essential, and having the appropriate tools in place may have a significant impact. With the best PIM service, you can easily add and share your data for efficient staff collaboration, enhanced productivity, and customer satisfaction. If you are in search of the best product information management PIM service and digital asset management (DAM), contact us at Pimberly and schedule your demo today!