How PIM Solves Data Challenges for Industries
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A product information management (PIM) system has many users across various departments in an organization. PIM systems help retail, manufacturing, and distribution industries by allowing accurate and consistent product data sharing across customer channels to improve experiences. They also boost efficiency, coordination with suppliers, time to market, and data accuracy for manufacturers. PIM solutions can track materials, eliminate data silos, manage new products, and drive growth for consumer packaged goods companies dealing with increasing data demands.
How PIM Solves Data Challenges for Industries
- 1. A PIM solution has several users. As a matter of fact, no department in the value chain stays untouched from a product information management system, and many out of them are its active users. In a broad sense, they are: Retail Manufacturing For the retail industry, correct product content holds the utmost importance, to rollout great quality, customer-centric offers in real-time Conversely speaking, a PIM for retail manages product information and syncs it across customer facing channels to succeed in omnichannel retailing. For manufacturers, a single version of information, efficient data governance, uncomplicated access to information and tools are pivotal to success. A PIM system can, therefore, boost operational efficiency, transform coordination and communication with suppliers, boost time-to- market, improve data accuracy, and enhance the customer experience to accelerate business growth and revenue. With an explosion in the number of marketing channels, distributors with a huge variety of SKUs have realized there’s no alternative to consistent customer experience across channels. To adapt to the increasing data variety and volume, as well as challenging demands of the digital customer, CPG businesses must establish a deeper level of interaction with not only their customers but retailers too. A PIM solution can help them track raw materials, eliminate data silos, manage new product introductions, achieve operational excellence, reduce risks, drive business growth and carry out brand management and optimization initiatives Distribution Consumer Packaged Goods (CPG) pimcore.com/en/what-is-pim | info@pimcore.com Who Needs a PIM system How PIM Solves Data Challenges for Industries Marketing and Sales Suppliers Procurement department R&D division Customer care Customers