{"id":6398,"date":"2018-12-10T09:42:00","date_gmt":"2018-12-10T09:42:00","guid":{"rendered":"https:\/\/www.intexsoft.com\/?post_type=blog&p=6398"},"modified":"2022-07-19T11:06:10","modified_gmt":"2022-07-19T11:06:10","slug":"product-information-management-systems-introduction","status":"publish","type":"blog","link":"https:\/\/intexsoft.com\/blog\/product-information-management-systems-introduction\/","title":{"rendered":"Product Information Management Systems: Introduction"},"content":{"rendered":"
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December 10, 2018 \u2022 by \t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\tAlexandra\n\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t

Product Information Management Systems: Introduction<\/h1>\n\t\t\t\t\t\t\t\t\t\t
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The benefits of the Product Information Management systems (PIMs) might seem unclear for some people, but sales managers know better than to underestimate the importance of such tools. In rapidly growing businesses, where products and product updates rush into the world, marketers and salespeople feel extremely challenged in their efforts to provide the most accurate information for the constantly changing product features and final prices. Finding necessary data is a time-consuming and sometimes thankless task as it requires checking multiple sources with no guarantee of getting the latest information.<\/span><\/p>\n

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Prior to the<\/span>\u00a0introduction of PIM systems<\/a>, about 83% of employees at manufacturing companies spent over 2 hours per week looking for product information. The software lowered the percentage to 64%; while in retails, the rate dropped to 42%.<\/span><\/p>\n

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When you need a Product Information Management Systems<\/h2>\n

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Of course, if you have a small company with low manufacturing capacities, you\u2019d probably be able to deal with your product range without getting lost in the informational pool.<\/span><\/p>\n

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However, as your company grows, the problems start piling up.\u00a0The first flags usually involve hundreds of product references, heaps of documents, numerous media and sales channels, increments of physical and digital distribution outlets, new providers, extensive databases, catalogs, and local and global networks.<\/span><\/p>\n

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You can hire more salespeople to handle the growing number of products, but it won\u2019t solve the fundamental difficulties they\u2019d inevitably face trying to sell your products. Project Information Management Systems, on the other hand, do not require additional staff inflow. Since the main functions of such systems are tidying up the previously chaotic product information, analyzing it and automating the stale processes, PMI is considered a valued organizational tool saving time and increasing sales rates.<\/span><\/p>\n<\/div>\n

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What is a PIM – brief software introduction<\/h2>\n

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We have settled how essential PIM is; now let\u2019s clarify exactly what it is.<\/span><\/p>\n

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You have probably heard of other PIM relatives such as Task Management Software and Human Resources Management Software. PIM exercises the same principles only it targets marketing and sales employees.<\/span><\/p>\n

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It is a software kit empowering a company with the ability to gather, store and check the information related to the company\u2019s products. PIM ensures the centralized environment for operating the product data using a single interface for all enterprise-wide databases. Such systems drive important changes to the overall product management practices:<\/span><\/p>\n

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