Managing uncertainties in automotive industries with comprehensive technology solution pim

Managing Uncertainties in Automotive Industries with Comprehensive Technology Solution- PIM

The explosion in the number of makes and models of new cars and trucks on the nation’s highway, clearly depicts how faster the automotive companies are trying to increase their production and in the gust of satisfying their customers fickle requirements and tastes, they are seeking innovative solutions that can reduce their long production lead times and increase efficiency across business operations.

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How PIM Helps In Transformation Of The Operational Efficiency Of The Automotive Landscapes?

A PIM Enables Collaboration And Real Time Insight: Automotive companies through product information management can harness real-time analytics to build innovative, high-quality products and vehicles that consumers want, helping them to drive profitability and win market share.

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Enables Data Synchronization: The best PIM systems have flexible and robust interface tools that enable and expedite the flow of information from and to internal business systems. They have full audit capabilities that allow the tracking of changes while and maintain a full history of those changes. This makes it easier for automotive companies to communicate product changes while maintaining cross references and history of superseded parts to support both internal Customer Service departments and the publishing of catalogs and other information required by customers. A General Overview of PIM’s data synchronization: This presentation is brought to you by EnterWorks.com

Product and Part Management: A robust PIM system maintains a full product history, and the relationships between products and parts, which enables manufacturers and their customers to have accurate information to service products in the field, and to help them both optimize revenue through the sale of service parts.

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Pricing Management: The most complex element of product information is pricing. In a properly planned PIM strategy, pricing touches almost every internal and external process from initial new product introduction analysis, including researching competitors and sourcing suppliers to procurement and manufacturing, and the control of changing input costs; to customer relationship management, and the management of contractual arrangements, rebates and promotions.

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The Bottom Line :

As the automotive industry is confronting a number of trends including increasingly responsive supply networks, new mobility-based business models, more complex development cycles, and more savvy customers, the companies have started seeking for advance technologies like PIM to take advantages of the changing market trends, which has in turn increased the market for PIM distributors.

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