Product Master Data Management
Acquire, manage and publish product information across your enterprise to feed consistent, accurate and up-to-date information to multiple channels
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 the enterprise.
In order to publish or share consistent product information across the enterprise and to multiple distribution channels, information must first be acquired and managed in a centralized system to keep it accurate and up-to-date.
Having a central repository for all product-related information gives organizations 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 up-selling 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 sharp 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.
THE NEXT GENERATION OF PRODUCT INFORMATION MANAGEMENT
STEP FOR PRODUCT MDM
WHAT IS PRODUCT INFORMATION MANAGEMENT