Who Needs a PIM Solution?
With so many business and technology solutions on the market today, knowing which platforms and programs are best for your business can be tricky. Every organization is unique. There is no one-size-fits-all answer for achieving optimized productivity, efficiency, and profitability. PIM (Product Information Management) solutions are one of many tools in a comprehensive business solutions toolbox, crucial for many organizations to achieve success – but how can you tell if your business needs PIM?
The fact that you are exploring the idea of PIM is a good sign that there is something in this solution that suits your needs. When considering a change for your organization and its products, complexity is an important indicator. The more varied your products and their characteristics, and the more varied your organizational structure and processes, the more work is required to keep everything organized. When both areas are complex, it is even more important to have a management system. Here’s how complexity affects your organization’s need for a PIM solution.
Organizations With Complex Product Information
A Product Information Management system simplifies and centralizes all data that your organization has about its products. It helps people make better business decisions, work faster and achieve more at the same time. This is all the more useful for organizations with complex product information.
What makes the product information complex? It’s not just about the number of products in the inventory. Consider how varied your product offering is, and the size of that range. If your products have many different characteristics, such as size or color, that adds to the complexity. If there are many other details associated with your products, such as many digital assets associated with each product or product category, you need to manage that effectively.
How often does your offer change? The more often this happens, the greater the complexity and the more a PIM can help. Even the number of suppliers you use to get your products from start to finish impacts complexity and increases the benefits of a management tool.
Complex Organizations
Put your products aside and view your organization and its processes. Any additional complexity in this area indicates a greater need for a PIM solution. A small company that offers a high degree of customization to customers can be just as complex as a larger company that offers standardized products. Also consider regulatory compliance, your geographic spread, the departments, brands, and channels your company manages, and the level of IT support you need for your business.
Is PIM The Right Solution For Your Business?
A good place to start is to estimate the hours that your PIM project will take. The PIM Project Estimator gives you an estimate based on hundreds of implementations.
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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