Product data often involves thousands of attributes, hundreds of relationships and millions of records. It is an integral part of real-time business process interactions within and outside your business.
In order to publish or share consistent product information across your enterprise and to multiple distribution channels, information must first be acquired and managed in a centralised system to keep it accurate and up-to-date.
Having a central repository for all product-related information gives organisations a single version of truth for their product master data, delivering improved operational efficiencies and business performance.
Introduce new products, product bundles and services more quickly through use of trusted product data and streamlined business processes.
Increase upselling and cross-selling opportunities, launch targeted and timely promotions and reduce product returns.
Ensure compliance with government regulations and industry mandates, eliminate duplicate information and error-prone processes.
Meet global business requirements for language and market, and launch targeted multi-language promotions based on key demographics and regions.
Consolidate disparate processes, reduce demands to, and reliance upon, IT, eliminate data silos and quickly react to sudden and unexpected changes in demand.
Increase the accuracy and trust of your data to improve responsiveness, decision-making, interdepartmental workflows and productivity.
Transform product master data from multiple system formats into a common structure by acquiring and consolidating product information from a variety of internal and external systems to cleanse and validate information and map source formats to your data model.
Introduce new products, product bundles and services faster through the use of high confidence product data and streamlined business processes.
Manage every aspect of each product master record, including hierarchy, structure, validations, approvals, versioning and enriching with attributes, descriptions, documentation and other data-related components.
Improve your customers’ experience, business performance and operational efficiency by seamlessly and consistently publishing product information across all channels and business systems.
Internal departments such as sales, marketing and customer service can readily access reliable information.
Slowing down your business is never an option. So we work constantly to anticipate and address evolving challenges and needs, so you can be ready for what comes next. Providing seamless integrations, and new functionality, to empower you to deliver the business outcomes you seek. Here’s what’s new on our latest PMDM release.
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Product Master Data Management
WHAT IS PRODUCT INFORMATION MANAGEMENT
THE SIX P’S OF MANAGING PRODUCT DATA