What is a PIM

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What is a PIM?

Product information management (PIM) is the process of managing all the information required to market and sell products through distribution channels. This product data is created by an internal organization to support a multichannel marketing strategy.

WhyisPIMImportant?

Without PIM With PIM

Managing all this product information can quickly become a daunting task. Product data might be stored in various spreadsheets, databases, and content management systems, making it challenging to ensure that all information is up-to-date and consistent across all channels. It can lead to inconsistent and inaccurate product information across channels.

All product data is stored in a centralized location, making it easy to manage and update as necessary. Product managers can add new products, update existing product information, and ensure all product data is accurate and complete. It helps avoid confusion or discrepancies in product information that could negatively impact sales and customer satisfaction.

WhataretheDifferent ComponentsofaPIMSystem?

Different components of a PIM system include product data, such as descriptions, specifications, images, videos, and pricing. Here is the classification of PIM anatomy:

Product Data

Data Sources

Data Mapping

COMPONENTS OF PIM

Data Governance

Analytics and

Data Enrichment

Data Syndication

Management
Workflow
Reporting

HowdoesaPIMSystemWork?

Centralize Product Information Improve Data Quality Faster Time-to-Market Increase Business Sales Better Operational Efficiency Enhance Collaboration Manage Multiple Sales Channels Improve Customer Experience
WhatBusinessProblemsDoesaPIM SoftwareSolve?aPIMSystemWork?
If you have any specific questions on PIM software selection, PIM development, implementation, and integration, feel free to contact our expert PIM consultants. Read Insight Here: https://www.mindstask.com/en/what-is-pim/ https://www.mindstask.com/en/get-in-touch/

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