Having the right product information, in the right place, at the right time is becoming indispensable for enterprises. Businesses have realized, they’re well past the stage of relying on ‘homegrown’ systems, manual processes, dated toolsets to meet the rising product information management (PIM) standards.
Brands on the path of high-growth, spend a substantial amount of time, effort and manpower in launching new products, expanding product catalog, and meeting the dynamic demands of product information. With your legacy product information management (PIM) platform, it can turn into an extremely challenging, complicated, and expensive affair. Hence, if you’re looking to streamline your product information while bringing a positive change in your bottom line, you must replace your legacy PIM system.
Growing businesses try to adjust to their evolving needs by managing multiple worksheets, sometimes with pivot tables and cross scripting SQL to manage the flood of product data. This isn’t just susceptible to blunders, its management is tough too. Besides, teams that use multiple tools and workflows risk wide gaps in product data which can decelerate back office work and compromise data integrity.
It’s quite difficult, if not impossible for businesses to cease their operations for a while to create, replace or restructure technology systems. And in case a business, after pausing its operations, does resort to exclusively built customized product information management solution, the challenges don’t just go away. That’s because, with continued evolution of technologies and processes, any exclusively built product is bound to become outdated.
The issue with most all-inclusive platforms is that specialization remains a concern. It’s a classic case of underusing and overspending. There are features and functions you don’t want, which means it can’t create the right value for you. Also, their maintenance, speed and flexibility can be detrimental to your time-to-market and accuracy. Inadequate customization of workflows and hurdles in integration of 3rd party applications can be another challenge.
Being aware of how critical product information management is to your business and customers, a PIM system is a worthwhile investment. Here is why:
As businesses expand, huge amounts of product information from multiple sources must be consolidated and the processes pertaining to managing product data must be centralized for a comprehensive, real-time picture of the data. Also, both these factors have a direct bearing on the Customer experience (CX). They enable:
Pimcore`s PIM system consolidates any amount of product information in a single location. It centralizes and synchronizes product related data throughout your technology stack with a highly flexible product information management solution, that ensures:
Businesses usually integrate with other transaction systems such as order management systems (OMS), customer relationship management system (CRMs), enterprise resource planning system (ERPs), manufacturing and supply chain, etc. A PIM solution can be integrated with all these systems as it:
Being an open source data integration platform, Pimcore can efficiently aggregate data from a variety of data sources. Its compatibility with any kind of MDM implementation renders it a special place among most available PIMs on the market. Its chief features are:
The ability to create customized workflows and assign tasks to users and user-groups such as product managers, online merchandisers, and suppliers is critical for the outflow of organized information. It offers the ability to:
Pimcore’s PIM platform enables enterprises to create and modify workflows, as per their unique requirements to improve productivity, precision, while simultaneously minimizing any risks. This is accomplished by modification of workflow paths, making easy selection from drop-down menus, etc.
Modern PIM systems have led to a complete reorientation of business models through creating powerful interfaces, integrations and workflow functions, by cutting down expenditure, generating operational efficiency and significantly reducing the time-to-market, thereby improving the overall ROI.
Pimcore’s enterprise-ready PIM software can help you surpass your ROI objectives easily by lowering IT costs, streamlining workflows, increasing automation and driving transformation, thereby boosting the entire selling process. Its main features are:
