In today's fast-paced digital world, managing large amounts of data can be a daunting task. Whether it's product information, meta data, or the creation of up-to-date marketing materials, organizing this data effectively can take up a lot of time and resources.
That's where a PIM system comes in handy. What is PIM? A PIM, or Product Information Management system, is a software solution that helps businesses manage their product information efficiently. In this blog post, we'll discuss how you can save time with a PIM system.
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1. Centralized Data Management
One of the main benefits of a PIM system is that it provides centralized data management. Instead of storing product information in different systems and spreadsheets, a PIM system allows you to store all your product information in one place. This means you can easily access, manage and update your product information in real-time. This also reduces the time and effort needed to manually search through multiple systems to find the information you need
2. Automated Data Entry and Data Inheritance
Data entry can be a time-consuming and tedious task, especially if you have a lot of products to manage. A PIM system automates the data entry process by allowing you to import product information in bulk from different sources, including spreadsheets, databases, and other systems. This saves you time by eliminating the need for manual data entry, reducing the risk of errors, and ensuring that your product information is up-to-date.
Often, PIM systems also incorporate valuable data inheritance functionality, enabling you to let new products inherit the data they have in common with other products. Consequently, only the specific data that differs for the new product variants must be entered manually.
3. Streamlined Workflows
A PIM system helps streamline workflows by automating various tasks and processes. For example, a PIM system can automate the process of publishing product information to different sales channels such as e-commerce sites, digital and printed catalogs, price lists, datasheets, marketplaces, and social media platforms. This saves time by eliminating the need for manual intervention and ensuring that your product information is consistent across all channels.
4. Improved Collaboration
Collaboration between different teams and departments can be challenging, especially when managing large amounts of product information. A PIM system provides a centralized platform for collaboration, allowing different teams to access and manage product information in real-time 24/7. This reduces the time and effort needed to communicate changes and updates between different teams, improving efficiency and productivity.
5. Customizable Workflows
Every business has unique requirements when it comes to managing their product information. A PIM system provides customizable workflows that can be tailored to your specific needs. For example, you can set up custom workflows for product approvals, translation procedures, and product launches. This saves time by automating tasks and ensuring that your team is following the right process for managing product information.
6. Accurate and Consistent Product Information
Product information that is inaccurate or inconsistent can cause confusion and frustration for customers. A PIM system ensures that your product information is accurate and consistent across all channels by providing a centralized platform for managing product information. This saves time by eliminating the need for manual updates and ensuring that your customers have access to the most up-to-date and accurate product information.
7. Faster Time-to-Market
Launching new products can be a time-consuming process, especially when it comes to managing product information. A PIM system helps reduce time-to-market by providing a centralized platform for managing product information, streamlining workflows, and automating various tasks and processes. This saves time by reducing the time and effort needed to launch new products, improving efficiency, and ultimately, increasing revenue.
In conclusion, a PIM system is a powerful tool for businesses looking to save time and resources when it comes to managing product information. By providing centralized data management, automating data entry, streamlining workflows, improving collaboration, offering customizable workflows, ensuring accurate and consistent product information, and reducing time-to-market, a PIM system can help businesses achieve greater efficiency and productivity. With the right PIM system in place, businesses can focus on what they do best - delivering great products.
Calculating your ROI for Time Saved with a PIM
If you’re keen to find out more about the time savings that you could make as a result of PIM implementation then go ahead and take the Perfion test.
We will analyse your results and give specific advice on how best to optimise your product information management for reduced risk and greater chance of sales.
