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What is PIM?
"PIM refers to a set of business practices for managing
information needed for marketing and selling of
produ...
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What is Product Information Management (PIM)? Slide 1
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Want to explore PIM and What it stands for? Learn What is it, Why it's important, When to use it, Where it fits, Who needs it, and How it helps? Read more in this insight ➡️ http://bit.ly/39TaUQV

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What is Product Information Management (PIM)?

  1. 1. What is PIM? "PIM refers to a set of business practices for managing information needed for marketing and selling of products through organization's distribution channels, so that relevant, accurate, and complete product information could be delivered consistently to customer touchpoints." The PIM must be able to interoperate with the existing system The global PIM market size is expected to grow from USD 9.0 billion in 2020 to USD 16.0 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 12.2% the forecast period. Data Consolidation Core Functions of PIM Data Collection Data Dissemination Data Enrichment Why Need PIM? Omnichannel powered perpetual growth Glocalization along with Customization Faster-time-to-market Enhancing Product Data Management Driving Personalized Customer Experience Improving Business ROI and Productivity Challenges Without PIM Inaccurate and Obsolete Product Information Managing Large Unstructured Product Data Inconsistent and Poor Data Quality Managing Large Product Data via Different Platforms Poor Customer Experience How to Choose Right PIM System? The PIM system must easily integrate, enrich and manage data flow The PIM should have a centralized platform to manage product data The PIM should easily adopt too current processes and system The PIM able to adapt business irrespective of location, language etc.

Want to explore PIM and What it stands for? Learn What is it, Why it's important, When to use it, Where it fits, Who needs it, and How it helps? Read more in this insight ➡️ http://bit.ly/39TaUQV

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