New Product Introductions Real-Time, Really…..

The Yankee Group has published specs on how better product information management benefits a retailer, manufacturer and or e-commerce business.

“Data Entry people, Product Managers, Merchandisers and Marketers can save 5,000 to 10,000 hours on new product work.”

This statement amazes me. Consider salaries/ wages paid to professionals managing product information 40 hours per week, over a year and compute the savings. This is savings just based on wages. New Product introductions speed to real-time. Invoice errors are slashed. Returns are slashed. Promotion errors down too.

I am a MDM for products professional and drink the Kool-Aid of benefits each day. Even with enthusiasm tempered, a PIM solution or product information management software solution is a must have in organizations that make, manage, sell, a high level of products.