Product Information Management (PIM) Software as a Stepping Stone

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• Product Information Management (PIM) Software as
  a Stepping Stone

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The systems, strategies, and processes to manage
product data is referred to as Product
Information Management (PIM). With e-commerce
solutions becoming ubiquitous, PIM software is
set to gain momentum. PIM is a precursor to
multichannel or e-commerce initiatives. It is
viewed as a software application that can address
the challenges of item management through the use
of tools and processes. Questudios
CatalogStudio PIM software is a powerful system
consisting of several modules. It provides all
the features needed to create, manage and
maintain all product information in one central
repository. PIM software is considered to be a
stepping stone to success in organizations
because of the following reasons
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End-to-End Solution PIM is considered an
end-to-end solution that includes content
management, PDF catalog publisher, reporting,
work flow manager, white-boarding, import/export
tools and security. It merges and consolidates
product information across the enterprise to
channelize consistent, accurate, and up-to-date
information to multiple distribution
channels.  One can easily aggregate and
centralize product information from disparate
systems and manage every aspect of each database
record like versioning, hierarchy, attributes,
structure, validations, approvals, etc.
Consistency Data is usually scattered through the
trading partner networks, supply chain networks,
business systems besides residing in the minds of
people who run the organization. Product
Information Management software maintains a
single and consistent view of the product master
data for an organization. PIM provides consistent
and accurate information to all relevant channels
by integrating all data available. It helps
enterprises improve business performance and
deliver high operational efficiencies.
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Integration PIM software helps to seamlessly
share information with back end systems like the
ERP, inventory, and order processing and
e-commerce system. PIM extracts processes for the
aggregation, maintenance and syndication of
product information from legacy applications. It
then publishes to customer-facing applications of
the organization across geographical boundaries,
operational divisions and departments. This
timely, meaningful and reliable way to make
information available to processes, people and
applications paves way for Omnichannel publishing
success. Asset Management Media asset
management, including documents such as pictures,
pdfs, videos etc., can take place with PIM
software. Functionality like search, converting
formats, cross-referencing, exporting data are
taken care of by the PIM. Many a time,
organizations deal with product ranges that
involve many combinations and complex data
management. The object dependencies and
associations can be smoothly handled with the PIM
software.
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Cost Saving With the automation and self-service
features available in the PIM software, cost
savings becomes an obvious after-effect. Faster
time to market is ensured due to the ease of use
reducing costs incurred significantly. More and
more companies deal with international markets
leading to handling a wide range of languages and
formats. PIM software facilitates language
translation and eliminates the requirement of
additional human resource. Standardization of
data formats across different systems is also a
breeze with PIM software. This in turn reduces
the dependency on other external systems for
compliance and considerably remove overheads.