PIM vs MDM (2)

1. PIM vs. MDM: A Detailed Comparison that Leaves You with No Confusion https://www.credencys.com/blog/pim-vs-mdm/ | hello@credencys.com

2. Capabilities of Product Information Management (PIM) • Manage product data in a centralized repository in an effective way • Integrate third-party tools, software and database seamlessly • Integrate existing enterprise systems • Manage product information in a logical and structured way • Eliminate data duplication • A single view of consolidated and aggregated view of product data • Manage and share the available quantity of products • Update the product quantity on the go • Different teams can access the updated product information • Allows for data cleaning, data cleaning, and data merging https://www.credencys.com/blog/pim-vs-mdm/ | hello@credencys.com

3. Benefits of Product Information Management (PIM) • Improved product time-to-market • Centralized product management and catalog generation • Enhanced business efficiency and productivity • Boost collaboration and eliminate redundant work • Superior product data management • Improved brand consistency • Enriched customer experience • Improved data quality • Increased sales conversions • Reduced returns • Cost Saving https://www.credencys.com/blog/pim-vs-mdm/ | hello@credencys.com

4. Features to Be Expected from a Product Information Management (PIM) Solution https://www.credencys.com/blog/pim-vs-mdm/ | hello@credencys.com

5. Capabilities of Master Data Management (MDM) • Cleansing and correction of erroneous data • Easy to integrate with third-party tools or software and existing enterprise systems • Extends current data governance tools and programs • Deduplication and data matching • Business hierarchy and taxonomy management • Allows to build interfaces for task delegation and approval workflows • Data quality reporting and monitoring • Enables privacy regulatory compliance and data obfuscation • Provides well-organized data structure for network and relationship analysis https://www.credencys.com/blog/pim-vs-mdm/ | hello@credencys.com

6. Benefits of Master Data Management (MDM) • Reduced data inconsistencies • Helps to meet compliance regulations • Access to accurate, clean, and meaningful data for analysis • Decreased complexity for business expansion and globalization • Supports data consistency across multiple platforms and software • Allows to make edits to data in a particular area and ensures the edits are reflected in all the appropriate areas • Override values from source systems https://www.credencys.com/blog/pim-vs-mdm/ | hello@credencys.com

7. Features to Be Expected from an MDM Solution https://www.credencys.com/blog/pim-vs-mdm/ | hello@credencys.com

8. Features to Be Expected from an MDM Solution https://www.credencys.com/blog/pim-vs-mdm/ | hello@credencys.com

9. What is Master Data Management (MDM), but not PIM? https://www.credencys.com/blog/pim-vs-mdm/ | hello@credencys.com

10. Role of Master Data Management • It consists of stakeholder, business clients, partners, applications, and technologies • It centralizes, syncs, and cleans up the master record to execute workflows, operations, and processes • MDM offers master data governance that is defined by the enterprise Data Governance Council • It allows establishing a plan for data access rights, implementation policies, definitions, procedures, and controls • While comparing with PIM, MDM is a quite bigger scale solution that helps companies to serve bigger purposes and contributes to the overall business growth. Master Data Management focuses on • Enhance agility • Accelerate decision making • Improve business intelligence • Boost the outcome of processes • Provide smarter data governance • Improve operational efficiencies https://www.credencys.com/blog/pim-vs-mdm/ | hello@credencys.com

11. PIM vs. MDM: How PIM Strategy is Different from MDM Strategy https://www.credencys.com/blog/pim-vs-mdm/ | hello@credencys.com