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In today’s fast-paced, global economy, businesses need to be able to move quickly and efficiently in order to stay ahead of the competition. That’s why a product information management (PIM) system is essential for any business that wants to scale. A PIM system ensures that your product information is accurate, consistent, and readily available across all channels.

Here are three signs that your growing business needs a PIM system:

Sign #1: Balancing product information across multiple storefronts, geographic locations, currencies, and marketplaces 

If you’re selling your products through multiple storefronts—whether that’s a website, brick-and-mortar store, or marketplace—it’s essential to have a centralized system for managing your product information. A PIM system gives you a single source of truth for all your product information. It makes it easier to keep track of everything and ensure that product data is up-to-date in all your channels. Pim can also reduce returns.

Sign #2: Inconsistent imports of product information 

If you’re importing product information from various sources (e.g., vendors, and manufacturers), it can be difficult to keep track of everything. Thus, it is hard to ensure that in your organization the data is accurate and consistent. A PIM system can help by providing a centralized repository for all your product data. This way, you can be confident that the information you’re using is accurate and up-to-date.

Sign #3: DIY errors: Manipulating manually installed PIM software or attempting to develop a custom-made PIM or spreadsheets

If you’re trying to manage your product information without a PIM system—or if you’re using a manually installed PIM system or spreadsheets—you’re likely encountering errors and inconsistencies. A PIM system can help you avoid these mistakes by providing an automated way to manage your product information. Additionally, the PIM system will save you time and money in the long run by avoiding these mistakes. 

Product information management (PIM) systems are essential for businesses that want to scale quickly and efficiently. If you’re selling through multiple channels, importing data from various sources, or trying to manage your product information without a PIM system, it’s time to invest in a commercial PIM solution. A dedicated PIM system will save you time and money by providing a centralized repository for all your product data and automating the process of managing your product information.

Want to learn more about PIM?

If you have any questions regarding Product Information Management, from PIM Selection to Implementation or how a PIM would fit in your IT landscape? Feel free to browse our Knowledge Base of articles on everything PIM related.

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