8 Most Common Product Information Management Challenges

1. 8 Most Common Product Information Management Challenges Along with customized experiences, customers want to have access to a new range of products. Thus, to meet the ever-increasing demands of the products, businesses need to manage the product information efficiently. As more and more customers prefer to shop online or at least they search for the product online before visiting the nearest store. Hence, it becomes essential for retailers to keep updated their website with the information customers look for. Businesses have to make sure their multiple channels or customer touchpoints enable the buyers with up-to-date and furnished information in the most intuitive and convincing way. You need to manage a wide range of vendor multiplicity, product catalogs, as well as complex product details too. Do you think you can achieve such a great level of agility and integrity in the distribution of product data through manual product information management? In the process of addressing all the complex requirements of the different stakeholders through manual product information management methods, you encounter many challenges. It won’t make you capable to meet the changing market condition and ensure the success and growth of your organization. https://credencys.com/blog/top-product-information-management-challenges |hello@credencys.com

2. 8 Most Common Challenges Faced by Product Information Management 1. Lack of transparency amongst internal teams and departments In small organizations, communication is more open and transparent. But, in large scale organizations, effective business commutation is the biggest challenge. The employees cannot share information, priorities, goals, and tools due to the communication barrier. This ultimately ends up making your department least productive and inefficient. You have to establish some effective strategies to remove the communication gap across your teams and departments. For the success of any organization, it is very necessary to have a cross-functional and collaborative team. https://credencys.com/blog/top-product-information-management-challenges |hello@credencys.com

3. 8 Most Common Challenges Faced by Product Information Management 2. Dealing with multiple sales channels becomes tough To strengthen your brand presence, it is very essential for you to establish a uniform and strong presence on multiple customer touchpoints and sales channels. But it is challenging to meet the frequently changing demands of different market place websites. Every channel has different requirements for information format and types. They have their own standards and product list approval policies. They might ask you to set different prices for different regions. https://credencys.com/blog/top-product-information-management-challenges |hello@credencys.com

4. 8 Most Common Challenges Faced by Product Information Management 3. Managing a massive amount of product data Businesses have to manage a massive amount of content for a wide range of products. Along with the product data, they have to manage information related to different sales channels, multiple services, distributed vendors and suppliers, and many other details that businesses have to deal with in order to deliver a better customer experience. If you manage such enormous data manually, then searching for relevant and accurate information becomes a tedious job. You need to sort all the content to get the right one. An advanced PIM solution can collect and organize the districted data as well as standardize product information. The software offers a centralized place to store and manage product data. Thus, the Product Information Management system allows to manipulate and handle any amount of product data effortlessly. https://credencys.com/blog/top-product-information-management-challenges |hello@credencys.com

5. 8 Most Common Challenges Faced by Product Information Management 4. Disorganized product catalog If your organization is selling a large number of products then it will be difficult to manage such a huge product catalog manually. Being a business owner, you need to deal with different requirements of multiple sales, a huge range of products, and several vendors. It becomes challenging to maintain and update the uniformity of data in your product catalog. Eventually, you develop a complex catalog that is difficult to keep organized. 5. Manual tasks and spreadsheet will be error-prone Companies, who manage the product information manually, highly rely on spreadsheets. Managing such a huge amount of data in spreadsheets is a cumbersome and time-consuming activity. You have to upload thousands of products in the spreadsheets manually that is quite error-prone. If every individual across the organization managing the data in separate sheets, it creates a huge communication gap. In case data is missing from the spreadsheet, you will end up by presenting wrong and ambiguous information to the customers. https://credencys.com/blog/top-product-information-management-challenges |hello@credencys.com

6. 8 Most Common Challenges Faced by Product Information Management 6. Handling cluttered digital assets While managing a wide range of products you might need to create and manage varied product videos, marketing visuals, presentations, manuals, photos, and many other digital resources on a regular basis. Thus, you have to manage a huge pile of digital assets. All these digital files and archives are very important to your business. If you fail in managing them in an organized way, then it will be difficult for you to sort and retrieve the relevant product information whenever required. It is better to manage all your digital assets in a library, in a consolidated way. https://credencys.com/blog/top-product-information-management-challenges |hello@credencys.com

7. 8 Most Common Challenges Faced by Product Information Management 8. Product launch cycle delays The manual product information management ends up you with manual tasks, unorganized product catalog, cluttered information, and so on. It directly impacts on your product launch lifecycle. Your product launch could be delayed. For the success of any business, timely product launch is very essential. The organizations should have better control over the product’s lifecycle and a perfect vision about the end product in order to gain higher productivity. The next generation PIM solution provides you a dashboard that enables you with a consolidated view of your product data. You can track all the updates and have a holistic view of all your product information. https://credencys.com/blog/top-product-information-management-challenges |hello@credencys.com

8. 8 Most Common Challenges Faced by Product Information Management How Credencys Addresses Product Information Management Challenges using Pimcore? Credencys has proven experience and expertise to build custom product information management solution as per your custom business needs. To deliver a robust solution, we utilized the advanced features and functionalities of Pimcore’s Product Information Management. We have a team of Pimcore developers who help you to embrace digital transformation for your eCommerce store by harnessing end-to-end Pimcore development services. We can build a solution that collects the data from different channels, enables you with the consolidated view of product data, and allows you to deliver the contextual product information to your customers. https://credencys.com/blog/top-product-information-management-challenges |hello@credencys.com