Advantages of Information Management | Discover PIM PlusAs of today, 21.8% of the population shop online. And that’s not going to stop any time soon. Global eCommerce retail sales are predicted to reach $4.9 billion by 2021. As omnichannel shopping becomes more prevalent, forward-thinking entrepreneurs must look at ways to stay competitive. But traditional challenges remain: B2B / B2C businesses need to simplify their shopping journey to entice more customers to join—and return. Onboarding processes and automation should make it easy for any customer to buy from you, no matter where they are located in the world. Plus, to stay competitive, you need to update your core systems (back-ends, ERPs, merchant platforms, etc.) to streamline your workflows efficiently. What are the advantages of information management for your company to excel in the global eCommerce sphere?
3 Common struggles your business may encounter
- Low conversions on sales
- High operational costs
- Lack of brand visibility
5 advantages of PIM for your businessHow can medium-sized businesses address all of the above challenges without breaking the bank? The advantages of information management for your business are many. Not implementing innovative product information management that suits your business may increase your future struggles. A PIM creates greater efficiency for your mid-level business. As a core repository that centralizes all product data and streamlines the distribution of product information in multiple platforms, a PIM can help your business remove traditional pain points and explore new areas of growth.
- Better product data management
- Improve customer experience
- Enhance time efficiency
- Lower supply chain, operational, and marketing costs
- Enable easier integrations with global eCommerce platforms