What is a Product Information Management system?
Often, businesses find themselves relying on product data that is scattered across several siloed systems, with different data held by separate business functions. Not only can this inefficient data collection lead to poor data governance, but it can cause problems across your sales and marketing efforts, hindering profitability.
With a Product Information Management system in place however, businesses are able to manage all product information in a single solution and use this to market and sell the products through various distribution channels, such as eCommerce websites and social media platforms.
Acting as the bridge between manufacturing and retail, PIM systems ensure that relevant and accurate product information, such as product specifications and lifecycle information, are seamlessly connected to every customer touchpoint.