Beware MDM Product vendors

Selecting an MDM vendor is like picking a path through a Falujian mine field. Broken bodies abound. Over promising vendors with over drawn bank accounts being two biggest causes. Simple Dunn and Bradstreet analysis will expose the weak sister MDM software vendors. And consider not one or two references. Ask for five. Five sounds high, but wait till your weak sister PIM vendor lifts the veil of respectability transforming into a one or two hit wonder right before your eyes.

Product Information and Data Silos across the Enterprise

Product information resides on several systems across most large, complex organization. Over time ownership of product data changes. The product development team often uses tools to which no access is provided to sales, marketing and operations. And when a product is developed and read for sale manual efforts will then build attributes for customer use. Taking a look into the future the product is changed, edited and then discontinued. All efforts eat time and money due to manual efforts.

PIM or product information management, leading edge solutions, get, cleanse, transform and enrich product data fast. The best solutions use powerful workflow engines making product lifecycle management simple. A solid pim solution is a must have for manufacturers, distributors, retail and e-commerce enterprises. Product data, the life blood of any business, is made accurate, up to date and presentable to customers. The manual efforts are converted to governance of key processes. Alerts and notifications keep all owners of data and consumers of data, including ERP, CRM and data warehouses, all on same page.

Is PIM the same as MDM?

Answer is no. PIM is not the same as MDM. Correct is PIM is a part of MDM as in MDM for products. Master Data Management is a big picture, boil the sea data management prospect. PIM or product information management is a get it done, high value approach. In many business cases, product information is super critical to sales, and customer satisfaction. And, PIM or product information management, a part of the MDM road map, is a fine first step on the MDM path .

Product Catalog Publishing to e Commerce Sites

Back in the day a business put out a “Big Book” product catalog once a year. And some businesses just put out the same catalog year after year, with manual, painful edits made by staff. ( I am working one project now and catalog has not been updated for 6 years.)

And more and more complexity bubbles up each day. Each day because new potential sales platforms pop up. Names like Amazon, Ebay, Google, and many, many more that can sell your products if you can hand them the product data.

And EMEA too. Getting product data in multi languages, with cultural flair, to offshore partners is not a snap, for most marketing folks. Mary Kay comes to mind. Biggest new markets are China, Russia. This I have been told. I wonder how many folks are transforming data to usable Chinese format?

And I ask to think about how fast markets change. How new entrant web sites are up in moments. How old school business fails. Just think about this.

What is MDM?

What is MDM?

Master data management, or MDM, is a set of processes and tools that defines and manages master data. This is non-transactional master data. MDM’s goal is to collect, aggregate, transform, consolidate, govern and distribute data within an organization to ensure consistency and to govern on-going data quality.

Product Information

Product information resides in many enterprise systems and supplier systems. Product information managers have a big job getting all product information clean and usable. Business applications and graphics programs and marketers, merchandisers, product managers lap tops hold key product information. And with product information changing often managing product data is almost impossible.

Project information management, defined, is a series of processes and technologies, working together, to ensure product information is accurate and most important, usable to all that need it. Creating a central repository for product information is a first step. All product information, or product truth, can be synchronized with systems, business users, and partners. This central repository can cleanse, store and enrich product information. Marketers, merchandisers and product managers are on the same page.

Product information, residing in a central repository, can be leveraged faster for catalog publishing, web content, trading pools, customer support and internal operations.

Product Information Management & Enterprise Applications

The enterprise is chock full of product data applications. Product Lifecycle Management, ERP, CRM, are just a few applications holding product data.

Each application has a valuable role in an enterprise product information strategy. This brief overview summarizes what Product Information Management solutions do and explains how PIM fits and strengthens existing business applications.

Please get your copy of Product Information Management & Enterprise Applications right here:

Put your E Commerce Business on Steroids

Testosterone, a type of anabolic steroid, is not a monster maker. Not on it’s own. Hard work and dedication combined with testosterone pays of in muscular growth and higher strength.

Product information management is testosterone for e commmerce. Why you ask?

Well, PIM or product information management is the architecture that fuels the ecommerce engine. Hard work by merchandisers, marketers and e commerce people lay the ground work. Yet ecommerce sites fuel with accurate, up to date product information, rock.

Imagine building a million dollar house and skimping on the foundation. Imagine an athlete that can bench press a car, with little skinny legs. Now imagine an e commerce site, with all the bells and whistles, with lousy product information management. Like squirrels under the hood of a fast looking car, people run ragged putting supplier catalogs into usable format for web.

 

Accelerate your Site Search with Better Product Data

Learn about why your web page visitors may be far less than they should be with this Executive Summary:

This executive overview hands you a framework for re-thinking your site search challenges. It begins with a brief explanation of how product data on the web became un-findable in the first place. It continues with a survey of search techniques and associated issues, followed by an explanation of product information management techniques that help correct limitations. It concludes with initial steps, you can take now, to begin taking advantage of site search technologies.

Please get your Site Search paper right here:

How to Improve E Commerce Site Search

Take a look at your product data. Is your product data classified with customer-friendly categories and taxonomies? If not introduction of parametric search or navigational techniques will fail. First things first; clean data, govern data. Productivity is ratcheted way up by organizing and managing your product data first. Tremendous benefits will be obtained in the longer run.

Please get your Executive summary right here. This Executive Report, “Accelerate your Site Search with Better Product Data,” can be had for Free by just submitting this simple form:

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