Lumavate

Here are six reasons why your business needs a Product Information Management (PIM) solution: 1. Increased Collaboration - PIM solutions actively work to break down silos so teams can work better together to share information that is crucial to keeping the business working smoothly. With a PIM solution, all departments can be aligned on the accurate product data, leaving fewer frustrations, interruptions in workflows, and better communication across all departments. 2. Increased Productivity - On average, employees spend more than three hours looking for information that should be accessible. PIMs reduce the need to waste hours tracking down specific product information because everything is already loaded into the PIM system. 3. Improves Accuracy -With a PIM, an organization only has one place where the information is saved, so team members don’t need to create conflicting spreadsheets. PIM solutions can also help designate who has editing access to product data so that not just anyone within the organization can manipulate the information. 4. Increase Time to Market - PIMs help increase speed-to-market because it removes the hassle of hunting down product information. The product data is already loaded into the PIM, meaning you can simply pull in the product information you need in your product catalog, and launch the resource in just a few hours. 5. Increases Ability to Scale - The spreadsheets your team is likely using to store information if everyone is saving product data on their local drive or spreadsheets, that does not lead to the ability to scale. The best PIMs grow with your business and allow it to scale without the frustrations of using your old methods. 6. Increased ROI - With PIM solutions, you can associate related parts and accessories to each product that can easily be pulled in from the PIM to digital experiences. Plus, it leaves fewer returns when product info is accurate if customers are getting products with the exact features and specifications they were expecting. #pim #productinformation #manufacturing #digital