Fast Growing Ecommerce Biz

Hi, Working a new one here. Professional software salesguy, I am. Terrific 6 year old business. Fast grower, progressive thinker. CEO impressed the heck out of me with vision.

100 million revs and up I work. Admit the smaller more fun. The larger guys get cement shoes, slow to move, afraid to drown. Small, agile, quick to decide, there you go.

Problem is or, even better, the opportunity is, small get big and smart execs feel the IT infrastructure starting to chug like a car with miles hitting a hill. Time to get a new engine.

Back to CEO meeting at the gazelle company. All business software applications homegrown. Exec defines this as differentiated and he is right. Tech team is sharp as tacks and know what the business, marketers, merchandisers, product managers, need.

Right up against a wall now. Supplier counts growing fast and product numbers growing faster. Now is the time to look to packaged and configurable software products sitting in the MDM for PIM space. Master data management for products for Riolinda residents.

First need, to get Product data in one place. Very common pain. Marketers, merchandisers, product managers on point trying to hunt down images, docs, attributes, descriptions, etc. Just getting organized, getting data in one place in a proper taxonomy is a big win.

This is job one. Then job two may be optimizing print catalogs, faster, simpler product information syndication to partners, on demand ecommerce publishing and more…..

Print Catalog Publishing for Manufacturers

In my sales travels I come across print publishing pain. Just this week I met a harried marketing manager tasked with getting a new Big Book Catalog out the door. Sounds simple ehh? Yet the last product catalog was published 6 years ago. And product data like images, copy, attributes reside in several different systems and largely in the 6 year old catalog.

To learn how to put your arms around Print Publishing get this Free Guide: “The New Catalog Approach.” Get details on the below and much more….

How to keep catalog content current and error free.
How to synchronize catalog product content to all media.
How to create on-demand catalog content.
How to offer self-service catalog content.
How to customize all catalog content.

Publishing Product Information to Web Sites

I am working a PIM project now. This business is ecommerce, selling products, provided by many suppliers, on the internet. At this point, product data is published to over 30 selling partners like ebay, google, amazon, and others. One additional point, this business works in a fast moving market. New products and product edits move fast. Plus promotions and specials are rampant.

And not to bore with too much detail, but this market being served by this etailer seeks a lifestyle. The customers seek not only a hard good but matching products to fulfill the look and feel of this lifestyle. Offering a hierarchy of products, a subset of the catalog is an objective. And the business does this now, yet with much manual effort and much time being consumed.

Now getting back to the issue of publishing. I will leave getting data, storing, cleansing, enriching for another post. But publishing data to selling partners and to the company websites is slow, and painful. Of the thirty or so selling partners, each has different requirements. Each presents product data in a different way on the ecommerce platform. This can be color, or size, or image, or videos, or many other attributes. One example, may be men’s shoe size. One site needs Euro others need US sizes, many need both. And the variance on images, size, colors adds to this complexity. Items that sound simple, like header name requirements cause pain. I do not mean physical pain, although headaches may start to pound as products are worked on.

Publishing to the partner sites is in several different formats. TXT or csv, xml, and excel among the crowd. And each format has many structural and attribute variances. Today, this business, has a very smart person, transforming data for publishing. Extracting, concatenating, or cleansing to make the feeds work.

A PIM solution, or product information management tool solves this issue simply. But not all solutions do this well. The vendor speak says “sure we do this.” Meaning services dollars will create the template or data feed format for publishing to a selling partner. And on day one of a product information management solution solves the immediate problem. Day two is different.

Day two brings new selling partners on board. On boarding the new partner consists of the same publishing problem solved on day one. Yet creating the new selling partner template is not easy. Often the ill equipped PIM vendor charges service fees to create the new product publishing template. And then day 3 comes and more cost. The ecommerce business becomes addicted to the vendor for over and over costs for what should be a simple task; on boarding a new selling partner or channel.

The simple task, in best of breed PIM solutions, is for a business person, not an IT resource. This business person, a product manager, or marketer, or merchandiser, which ever title, can use a clean UI with choices and drop downs for easy, standard entry of data formats for publishing. Standard entry is important. Data quality must be maintained. Workflow can alert and notify if nudges in data pop up. Perhaps a color is not in a drop down, this is fixed fast and work continues.

I have a paper on multi channel publishing. This paper details how a world class PIM or product information management software solution solves multi channel publishing pain. Please request your copy here. And your email will not be used for another purpose.

The Product Data Dilemma

Product data; digital images and related product product content, originates in ERPs, PLMs, graphics programs and similar applications including spreadsheets, and databases. Product data is used by wide range of professionals; product engineers, product managers, graphic designers, marketers, merchandisers, customer support, e-commerce managers, and compliance professionals.

Product data is needed by a range of users inside and outside the enterprise. There is often no central authority to ensure product information completeness, or to ensure product information accuracy. Or no central authority which makes product information available to users, or to distribute or publish to applications where and when it is needed.

The lack of no central product information authority causes pain.

Product Information Publishing

The seeds of eCommerce site search problems were sown well before the internet era. Catalog print publishing needs drove how product data was stored and manged. Blocks of data containing artwork for catalogs and circulars, prices, size and weight, color, features, marketing copy were pasted into page layouts as huge strings of data. Minimizing granularity of data was the goal. This simplified the print publishing process.

Now, the web era is here. Recreating print materials for web and eCommerce sites is the task and it is not easy. How to get product information eCommerce ready and friendly from disparate islands of data across the enterprise takes time and costs sales.

I speak to manufacturing and distribution prospects each day about this specific problem. The problem is magnified too. Product information needs to be published to many sites. Sites include specialty sites or micro sites offering a subset of products, or perhaps a single category of products. Partner sites need accurate data too. Take ebay or google or any number of selling partners that rely on accurate, up to date product information.

I tell the story, sometimes, of a large, successful, eCommerce business that was brought to it’s knees upon Michael Jackson’s death. All Michael Jackson offers, music, posters, books, etc, needed to be aggregated, cleansed, enriched and published to the website. This took hours and large staff requirements to do.

PIM solutions or sometimes called MDM for products solve all the above headaches. That is good PIM solutions. A Product information management solution gets, cleanses, stores, enriches and publishes product information to all sources, NOW!. Not in a week, or month or several hours from now, but now.

If your business seeks a solid PIM or Product Information Management solution, please request this eBook Preparing for PIM. This eBook offers solid advice and strategies to fix product data management headaches.

Print Publishing for Multichannel Sales Success

Success in Multichannel marketing takes lots of effort. Research, pricing strategies, competitive intelligence, product development, supplier partnerships, and even more behind the scenes work must be done.

Websites, catalogs, datasheets and other marketing materials must always shed the best light on your company. And your product catalog is more than a collection of product photos, descriptions and prices. It is the visible representation of your company.

This booklet offers 6 milestones for guiding your company through familiar minefields inherent to multichannel marketing. Intended for marketing and sales executives, eCommerce managers, catalog designers, IT personnel, and others responsible for building and working on building marketing assets for multichannel sales.

This information can kick start conversations in your company. Can aid you in building a sales pulling, profit generating multichannel sales process.

Please get your FREE booklet right here:

Manufacturers: Is Product Information Management Essential?

Manufacturers manage a sea of data. Wide ranges of processes and activities stream through the manufacturing enterprise. New product introductions, regulatory compliance, and customer/supplier relationships among just a few.

Discrete manufacturers manage data and digital assets about parts, components and assemblies that go into the products made. Internal product data must be maintained. Syndicating product data to distributors, dealers, data pools and other channels is often slowed by older inefficient, manual processes. Sales can be bogged down.

Optimizing and Automating the transformation of product data into powerful, persuasive, product information delivers benefits for the manufacturer:

Supply Chain Partner Relations are improved. Manufacturers using a PIM solution report a 20% improvement in collaboration with partners.

Products Speed to Market: 7-13% reduction in time communicating product updates.

Fewer Invoice Errors and Disputes: Manufacturers can expect a 5-10% time reduction spent resolving errors and disputes.

Stock Outs are Reduced 3-5%.

Purchase Order Errors are Slashed 26%.

New Product Management time spent by merchandisers and data-entry is cut by 5000 to 10000 hours.

Invoice Accuracy Booms: 1000 to 2000 hours saved by elimination of invoice errors.

23% Reduction in Returns: Customers act on up-to-date, rich product information.

Promotions are Made more Accurate: Product Promotion discrepancies slashed by 23%.

Source: A.T Kearney, The Yankee Group

Get more from Marketing Teams

Maximizing your investment in “best-in-class” solutions.
Update your processes to take advantage of capabilities that new tools offer.
Paul Gonyea | August 2, 2011

http://enterworks.wordpress.com/2011/08/02/maximizing-your-investment-in-best-in-class-solutions/

Product Information Management Free e-Book

Getting PIM project buy-in is never easy. PIM leaders must possess a maverick attitude. Often, I see men and women running project management, marketing and merchandising departments, winning this battle based on eye opening business cases. PIM ROI is real and I have earnings reports from customers proving this. Now for the mavericks out there thinking about PIM a new ebook has arrived. This ebook called “Preparing for PIM,” was published by a leading MDM for Product Information Solution provider, Enterworks. This guide is for folks that need product information management tools; The business people that gather, manage and publish their company’s product information. This PIM e-book lights the path to MDM for Product success. Get yours here:

Product Information Management Software RFI Template

Get a Free Product Information Management RFI Guide Loaded with Best Practice PIM Functionality.

Enterprises that can quickly transform product data into rich, selling product information have competitive advantage over enterprises fighting product data each day.

Transforming product data to rich, selling product information is key to delighting customers and to keeping sales healthy.  Often, gathering product data from suppliers and internal systems to publish to e commerce sites and to print is a slow, painful process.

Retailers and etailers have many suppliers. And the market may change each day. Product attributes like price, color, size, availability, fit, capability, may change daily. And getting e commerce changes done, can eat time and cost sales.

If an Enterprise sells thousands of products into a fast moving marketing like apparel, electronics, and consumer goods, and if the product management process is slow and painful, a Product Information Management solution will offer high return on investment. 

Product information management smooths business processes like product edits, new product introductions, data governance and data enrichment Best of breed product information management solutions contain workflow engines that power and improve business processes like product lifecycle management.

Integrated workflow pushes work to designated users, using alerts and notifications, to speed business processes, to increase efficiency and to increase sales.

Now you can speed up the vendor selection process. Base lining your product data requirements is done for you.

PIM-Data.com is offering a FREE RFI/RFP guide to all enterprises seeking a product information management solution. This guide is full of rich functionality detail describing best of breed product information features. This guide is built to serve as a starting point. Project teams can use this road map to save time and kick start the PIM selection process.  

Much information is given to you. General Instructions, PIM and Multichannel Publishing overview and all these chapters:

Product Information Management

Search

Digital Asset Management (DAM)

Multichannel Publishing and Syndication

Product data system integration

Web-to-Print Portal

Work flow Management

Web Content Management

E-Commerce

Portal Framework for marketers, sales teams and more…

Support questions, training questions and technology questions are covered with intelligent questions all seeking a PIM solution can use. Important vendor questions are also supplied plus a reference section. All a Project Information team needs is to apply this template to their business. Please get your FREE copy right here:

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