What is Product Information Management (PIM Solutions)?

Product Information Management functions through a cloud-based software solution. The process involves collecting, sorting, and managing critical information on products. 

A Product Information Management (PIM) solution can help an organization get a unified, single, and accurate view of the product data. 

Why is PIM Solutions significant?

Prop 65 reporting services Data tends to multiply quickly, and if not managed properly, it will lead to inaccurate and inconsistent information. It can cause a bad customer experience, increased return rates, and cart abandonment. 

A PIM Solution can help collect data from multiple sources into a single master datasheet. The software helps run across the board and inspect, identify and remove duplicate data and inaccuracies. 

1. Automated updates

Updating product information manually for each product on spreadsheets is time-consuming and makes the data entry error-prone. When multiple people enter data on the same sheet, there are high chances of error. It will defeat the purpose of having a single information source. 

In a PIM system of an eCommerce platform, when the master data entry is carried out for product information update, the data syncs automatically with all other sale channels, thus reducing the burden of updating things manually. The system also allows one to schedule in advance product updates. 

2. Better management via a single source

Disorganized and scattered data makes it challenging to fetch the correct information at the right time. It is like a shop where goods are scattered all over, and the shopkeeper has to search for them, leading to a customer having to wait longer. 

A PIM system helps to collate and keep them in a unified and single management source. It enables different teams to refer to the same source, access the same information, and reshare with others, leading to no discrepancy in data sharing.  

3. Enhanced Customer Experience 

Outdated product information leads to cart abandonment and increased product return rates, leading to customer frustration and negative experience. 

The PIM services enable the system to maintain the integrity and quality of data. With the removal of duplications, correct categorizations and complete data present perfect product representation to customers.  

4. Easy Integration 

A PIM system allows sharing of product information between ERP, Warehouse Management systems, inventory management systems, and CRMs. Integrations of these different verticals allow better and constant communications through APIs, improving the productivity of each eCommerce Stack. 

5. Product Compliance 

It is the employer's responsibility to take care of the employees and ensure their safety. They must consider preventive measures to make the working environment free from danger. Every employee who comes into the workplace must be aware of the chemicals and how to handle them with proper care. So, for this, Safety Data Sheets (SDS) are important in regulating compliance and encouraging safety in the workplace. 

Data safety is undoubtedly crucial in the workplace for a safe work environment. You must ask your dealers to provide full detail of chemicals in the form of datasheets. If any chemical has a red flag and warnings on its usage, it needs special attention. Harmful chemicals have composition content above the standard proportion and beyond the exposure limit. For this, the suppliers must provide the details of the chemicals in the Material Safety data sheets.

Conclusion 

The Product Information Management System has gained prominence in today's multi-channel environment. It is a one-point contact regarding product information. In many instances, it is observed that it has taken over the ERP dominance. So, whether it is time reduction, integration, better SEO optimization, and automation, the PIM system is positioned crucially in the eCommerce ecosystem. 

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