An advanced product information management (PIM) system helps manufacturers wade through uncertainty by managing their complex product data. Here’s illustrating the 5 Ways PIM can counter uncertainty for manufacturers. Read more http://bit.ly/38u6fpI
2. Struggling to navigate through the turbulence
created by a one-of-a-kind pandemic?
Partners
going out of
business
Broken
supply
chains
Trouble
sourcing raw
materials
Shortage
of staff
Cities, states
under
lockdowns
Tavel
disruptions
4. Source: GARTNER (May 2020)
COVID-19 led Manufacturers to rethink
their digital business strategy
Digital Business
Optimization
Digital Business
Transformation
Digital
Business
Strategy
30%
YE24
10%
COVID-19
2020
5%
YE18
Until COVID-19 started in 2020
From 2020 through YE24
From 2020 through YE20, not
considering COVID-19 crisis
Automakers
Producing Ventilators
Textile Manufactures
Producing Face Masks
Beverage (Spirits)
Manufacturers
Producing Ethanol for
Hand Sanitizers
5. Embracing
digital enablement
remains a viable option
to build resilience in
manufacturing
Flexibility
Facilitate business
continuity by ensuring
information accesibility
from anywhere
Collaboration
Devise a way to
rapidly patch up the
gaps occured due to
disruption in the
business ecosystem
Visibility
Getting a real-time
view of information
through consolidating
data in a single platform
Insights
Leverage information
to make quicker
decisions and optimize
business processes
7. Product data centralization to eliminate
inconsistencies throughout the ecosystem
1
Excel
Sheets
CRMs
Hard
Drives
ERPs
Digital
Assets
Databases
Legacy
Applications
Procurement
Systems
Suppliers
Text
Files
3rd party
apps
Translation
Agencies
8. Omnichannel Commerce
Use trusted product data to fuel all commerce channels
In-Store
Catalogue
Digital Commerce
Social
Mobile
Website
e-Marketplaces
Omnichannel engagement on any channel,
any device, and at any moment in time
2
9. Accelerates new product introduction
Brings down data management and publishing time
Automates key workflows and processes
Decreases supply chain complexity
Gives greater flexibility to internal teams
Enables marketing and sales automation
Improves compliance and introduces data
governance
Operational efficiency that maximizes
automation, compliance, and synchronization
3
10. Customer Experience (CX)
that inspires trust and loyalty
4
Upholding customer’s
comfort & convenience
Immediate synchronization
with all channels
Tailored, demand-intuitive
communication
Customized engagement,
& Personalized deals
Consistent, up-to-date
product data
11. Reduced
Time-to-
Market
Quickly onboard
products
Gain efficiency
with automated
workflows
Localize and
translate
concurrently
Single view
of data
Simultaneous
syndication
to all channels
5
Reduced time-to-market with adaptability
to multiple geographies, languages,
channels for better ROI
12. Adaptability, agility, and scalability
by PIM can protect manufacturers
A PIM
system:
Establishes
contactless,
comfortable and
convenient
buying
Empowers
customers to
shop anytime,
anywhere
Enhances
post
purchase
experience
With-
virtual shelves,
endless aisles,
digital kiosks
With-
instore navigation,
mobile assistants,
wearables
With-
recommendation
engines,
personalized
offerings
With-
Self-checkouts,
mobile wallets,
mobile POS
With-
exclusive offers,
loyalty programs,
auto replenishment
models
Enables
customers to
make informed
choices
Ensures
segmentation
and accuracy
of product
attributes and
pricing
13. Source: MarketsandMarkets Analysis
PRODUCT INFORMATION MANAGEMENT MARKET
BY REGION (USD BILLION)
e: estimated; p: projected
North America Europe APAC Latin America MEA
7.0
11.4
— Marketandsmarkets
It is no surprise that global PIM market size is expected to grow from
USD 7.0 billion in 2019 to USD 11.4 billionby 2024
14. Be a Part of the Digital Revolution
in Manufacturing
Stitch the gaps and ensure your business
ecosystem tides over the worst crisis
of the century by getting ahead in
your digital game
Because…accurate product data was
never more important!!!
15. Pimcore PIM consolidates any type and any amount of
digital data, integrates with a host of technology products
and is apt for highly agile global environments
Effective workflow
management
Improved data
quality/ semantics
Advanced data
integration & delivery
Enterprise
Data Management
Flexible web-based
data modeling
Pimcore
PIM