Why Do We Need a PIM?
The requirements for product data are ever-increasing – now is the right time to convince your stakeholders of a PIM system. This presentation delivers suitable arguments for a well-founded decision.
Timo Weltner
22 / 05 / 25·7 Min read
Product Information Management
The implementation of a Product Information Management system (PIM) is one of the decisive measures for companies that want to manage their product data efficiently and be successful in e-commerce. A PIM system centralizes all relevant product information, improves the quality and consistency of data, and accelerates the time-to-market. In this article, you learn which steps are required to successfully realize your PIM project and which pitfalls you must avoid.
The PIM selection is the first step in a successful PIM project. There is a large number of providers on the market offering diverse solutions. In principle, a PIM should not only fulfill your company’s current requirements but also be well-prepared to face future developments. It should grow together with you and be flexible when it comes to adapting to market conditions. In the light of this, the following factors are important when choosing your PIM system:
The choice of the right system requires thorough analysis of your requirements and existing functions of the system. A premature decision may lead to later discovering that the system is missing key functionality you need or that it is not scalable with your needs of tomorrow.
Besides deciding on a suitable PIM system, choosing the right implementation partner is also decisive for the success of your PIM project. The partner should not only be a technology expert but should, ideally, also have experience in the specific industry sector of your company and its requirements. Accordingly, look out for the following criteria when selecting the implementation partner:
Make sure that the partner defines clear milestones and communicates project objectives in a transparent manner. A realistic time schedule and a detailed plan for resource allocation are also crucial. The PIM agency NETFORMIC, for example, boasts years’ worth of expertise in PIM implementations and has extensive experience in PIM projects for a variety of industries.
The PIM implementation encompasses a number of central steps that are connected with one another. Each step should be planned with utmost care and executed accordingly in order to avoid problems later on. The following provides you with an overview of the essential steps of a PIM implementation.
The first step of implementation is creating a solid data model. This is about how to structure and categorize product information. This is one of the most important phases since a good data model is the basis for effective management and use of data. Import considerations include:
A well-structured data model guarantees that product information is consistent and easy to manage.
After the data model is created, the data imports are next. To this end, existing product data is transferred from various sources such as Excel, ERP systems, or databases into the PIM system. This step requires:
A PIM system only functions effectively when it is connected to other systems in your IT environment. Of particular importance are:
The interfaces between systems must be efficient and stable in order to secure a continuous and error-free flow of data.
An important step in the PIM implementation is data exports. This is all about distributing the product information into the various sales channels, including online shops, marketplaces, catalogs, or apps. This should happen automatically and at regular intervals so that up-to-date and consistent data is always available everywhere.
Prior to the definite launch, the PIM system should be thoroughly tested. This entails:
After the system is tested and all adjustments are implemented, it can go live. The transition from the old processes to the new PIM system should be smooth without any gaps. Factor in sufficient time and resources to be able respond to any unforeseen variables quickly.
After the PIM implementation, the project is not yet completed. There are some important tasks that must be carried out continuously:
Carrying out a PIM project is a complex affair with some potential pitfalls you need to watch out for:
Conclusion
A PIM project is a complex long-term process requiring careful planning and execution. When you choose the right systems, find the suitable implementation partner, and diligently carry out all phases of the project, you will come to profit from the benefits of a PIM system: improved data quality, faster time-to-market, and even higher efficiency for your company.
Author:
Timo Weltner
CEO & Co Founder at NETFORMIC
Why Do We Need a PIM?
The requirements for product data are ever-increasing – now is the right time to convince your stakeholders of a PIM system. This presentation delivers suitable arguments for a well-founded decision.
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