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What is PIM?

Product Information Management (PIM) is the centralized management of all product data.

A Product Information Management system helps brands collect, enrich and store product data in a single location. You can then publish it through multiple sales channels with complete efficiency.

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How to know if you need a PIM

Do you…

  • Find it hard to manage thousands of SKUs?
  • Struggle to manage complex product relationships?
  • Have trouble importing and exporting data to feeds and channels?
  • Find it difficult to store digital assets such as photos or videos?
5 signs your business needs a PIM - Harness the potential of your products

5 Signs you need a PIM

(Part 1)

Key indicators in your business that you should be considering a PIM now.

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5 Signs Your Business Needs a PIM (Part 2). Easily identify gaps in your product data

5 Signs you need a PIM

(Part 2)

Your growth plans could be crying out for the support of a PIM.

read more…

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What challenges do companies face with their product information?

  • Disparate systems: Product descriptions stored in multiple systems make it hard to find the correct information. This decreases productivity and leads to duplicated workloads.
  • Manual processes: Uploading quality product data manually is time-consuming and slows time to market.
  • Inaccurate product data: Maintaining product information in spreadsheets and collecting data from multiple sources makes it hard to track individual changes. This can lead to inconsistent product data being distributed to customers.
  • Ensuring teams are consistent with product data: It can lead to confusion when different teams aren’t aligned on product data objectives. Therefore, it’s difficult to maintain accurate information.

Where does a PIM system sit in a business?

A Product Information Management system sits between other internal systems, taking in product data from all parts of a business. For instance, this could include ERPs, PLM systems, and external suppliers or aggregators.

Once cleansed, optimized, and enriched, product information can be published directly to sales channels such as:

  • Ecommerce stores
  • Distributors/resellers
  • Product catalogs
  • Mobile apps
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What types of product information does a PIM system manage? 

The beauty of a PIM system is that is supports all forms of product information. 

Select items below to learn more (videos will open in a new window).

Taxonomies

Categories, relationships and product tags.

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What can a PIM system do for your business?

Let’s look at some of the benefits of product information management systems:

  • PIM removes the manual uploading of data, so you can be more productive with how you handle product information.
  • Create new shopping channels and expand into foreign markets. As a result, you will increase your ROI.
  • Write detailed product descriptions to reduce the risk of product returns.
  • Develop rich product stories to improve sales.
  • Use PIM to create flexible workflows and assign relevant tasks. To add to this, you can improve communication across different teams.
  • Respond to seasonal changes and improve cross-selling opportunities. As a result, you can increase average order values.
Product Information Management - PIM

What types of businesses need a PIM?

PIM plays a key role in industries like:

  • Brands & manufacturers: Manufacturers are the original source of product data. They need to have accurate information to meet the requirements of their customers. PIM lets manufacturers take full ownership of their product information, unlock new sales channels and expand internationally.
  • Distribution: Sitting in the middle of the supply chain, distributors often have thousands of products to look after. They also need to feed a growing number of sales channels with informative product data. PIM gives distributors the ability to rapidly process high volumes of data. Expand their product range and be consistent across every channel.
  • Retailers & marketplaces: Retailers have to account for consumers who are shopping online and offline. They value a consistent experience across every sales channel. PIM empowers them by helping speed product time to market. Create an omnichannel experience and tell better product stories to increase revenue.
The Business Case for PIM

White Paper: The Business Case for PIM

Included inside:

  • What is a PIM
  • Who benefits from a PIM and how
  • Where a PIM fits within your business
  • Growing your business – enablers and barriers
  • Achieving rapid growth via online sales
  • Improve governance, reduce business risk, higher margins
  • Benefits:
    • Improved Conversion Rates
    • Higher Average Order Value
    • Reduced costs
  • When to consider deploying a PIM
PIM vs MDM: Get the right system for your business

PIM vs MDM

MDM is capable of managing product data, it’s not designed to focus specifically on enrichment.

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PIM-vs-ERP: Product information management vs enterprise resource planning

PIM vs ERP

A product information management system helps to centralise all disparate data into a single location, working with an ERP to funnel everything into one source.

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Understanding the connection between PIM and PXM: Offer seamless & personalised experiences

PIM vs PXM

They are two sides of the same coin – to create truly great PXM for consumers, having a great product information management system is a must.

read more…

Who does PIM help?

Select your role below to learn more (pages will open in a new window).

PIM for eCommerce

PIM helps eCommerce managers by giving them the means to strengthen their strategy for improving online sales. With better product data, eCommerce professionals can drive real business growth. Improve the structure of online stores and devise memorable marketing campaigns.

PIM for Product Managers

Product managers need to be able to source and provide high-quality product data. They also act as a point of call for other departments. PIM makes the life of a product manager easier by providing fast access to accurate product data. It streamlines product onboarding and speeds up the introduction of new items across all sales channels.

PIM for Marketers

Product Information Management solutions are an amazing tool for the creative and analytical types in marketing departments. Team members can communicate with each other about relevant tasks and work to create exciting campaigns with rich product data. From copywriters to SEO executives, PIM ensures every marketer is on the same page.

PIM for IT

For the IT team, product data needs to be consistent across the entire organisation so operations run smoothly. PIM effortlessly integrates with other platforms and removes the burden of managing data across disparate systems. This means IT professionals can focus on their jobs with minimal disruption. They’ll also be working with secure software that doesn’t need to be constantly maintained.