As brands and retailers grow, they often expand their product catalogs, resulting in the need to enrich and manage more product data. A product information management (PIM) solution alleviates the burden of managing large amounts of product data by providing a central storage repository. fabric offers a PIM that is built with enterprise-level needs in mind.
There are more benefits to PIM besides data centralization and there are numerous solutions that help manage product data. We’ll give a holistic view of a PIM solution with a focus on fabric PIM, so you’re well informed on choosing the right one for your product information management needs. We will cover the following topics:
PIM is the solution-based process of storing and managing all product information used to market and sell items through various distribution channels. A PIM provides merchants a place to collect, manage, and enrich product information, create a product catalog, and distribute it to their sales and e-commerce channels.
PIM requires the processing of a variety of incoming, outgoing, and cross-platform product information, including
A PIM solution enables businesses to upload, edit, and distribute this type of data across distribution channels such as Google Shopping, Amazon, other online marketplaces, and owned channels such as direct-to-consumer (D2C) websites. The diagram illustrates how it comes together:
The product information management process involves some variations of these four steps:
Product information is uploaded to the PIM system for storage and management. PIM requires flexibility to add different formats of data into the system to create a centralized source of product information.
PIM systems can automate the importing of data by integrating with important sources such as enterprise resource planning (ERP) systems, Digital Asset Manager (DAM) systems, spreadsheets, box folders, and more. The systems also accept flat files (Excel/CSV) via FTP and support direct integrations via an open API.
PIM systems must ensure all information is complete, valid, and reliable. For example, errors such as misspellings, multiple abbreviations of the same word, and other ambiguous data like bullet points can hurt data quality.
Validation can occur while importing by using text format validation or advanced data cleanup through customizations to import features. Along with these, businesses can configure workflows to have users manually validate the information in their system.
Once product data is in the system, marketers, e-commerce managers, and other appropriate personnel can enrich and optimize the product information to align with their business objectives. This can include enhancing product descriptions, clarifying specifications, and translating information into multiple languages.
PIM enrichment also involves classifying products by placing them into categories and collections and defining relationships for products that can be used for bundles or cross-selling.
Once optimized, businesses can distribute their data across various channels, including e-commerce platforms, marketplaces, comparison shopping engines, and social media platforms. Like imports, flexibility is needed for outgoing information.
Each endpoint will have unique requirements for content and format, so PIM systems need to apply transformations to data as it leaves the system, so it is viable for the intended channel. Common export formats are Excel/CSV files and specific JSON or XML formats. PIM systems can also integrate easily with popular distribution channels through the use of an open API.
Before researching a PIM solution, it helps to understand the state of your existing data and complementary systems. It also helps to understand which types of businesses and professionals use a PIM solution.
The following types of businesses are the most common users of PIM systems:
Retailers and resellers can use PIM to reduce the time required to onboard and begin selling a new item through their internal sales channels. With a PIM system, retailers can configure and push product information from the data repository to any number of channels to create an exceptional customer experience.
Manufacturers can benefit from the ability to organize “completed” product information. PIM systems remove the need for data silos and vastly improve the enrichment of product data. This makes it ready for distribution faster. PIM systems also prioritize syndication features that make it easier for manufacturers to share their content with external sales channels.
Manually collecting and normalizing product data from suppliers and subscription data services is cumbersome. With a PIM system, distributors can handle a more significant number of SKUs more efficiently.
Within these businesses, the following user types interact with PIM systems:
Merchandisers are the most active users within a PIM system. They are usually responsible for collecting product attributes from manufacturers, distributors, and suppliers. Once data is collected, they enrich the products before pushing them to the appropriate sales channels.
Technology teams use PIM systems to centralize data, populate spreadsheets automatically, and integrate ERP solutions. Because PIM systems streamline information processing, IT can operate much more efficiently.
Marketers use product information to produce catalogs and take products to market. PIM systems centralize product information and offer user-friendly design templates to standardize required attributes for each category. This helps maintain data consistency and optimizes the customer experience.
There are many places where you can send your product data: websites, mobile apps, in-store displays, print catalogs, emails, social media, and datasheets.
Think from a future perspective about where you want to reach in the long and short term. If you intend to push products to more than two channels, you should consider a PIM. Look for a solution that provides efficient data distribution across multiple channels.
In terms of sourcing product data, does your business rely on product data from multiple places? This could be manufacturing units, vendors, contracted photographers, and content providers. A PIM system centralizes this data, making data from various sources easy to distribute to the same place.
It is necessary to know the structure of your product information before finding a place to store it. Answering the following questions will help you choose a PIM solution that is simple enough or robust enough to handle your product data.
The last question is vital since separating pricing and inventory into distinct services (i.e., microservices) offers long-term scalability as you evolve your product catalog and pricing strategy. However, there are short-term tradeoffs to consider since products and pricing are managed in separate places.
The answer to this question and other questions serve as indicators of your PIM requirements. Additionally, they will let you know if you need data quality improvement before integrating a PIM system.
The relationship between PIM and ERP can be complex. However, both of them should work together for the best results. Some PIM systems offer one-way integration with ERP systems. Others, two-way integration. Determine which one meets your organizational requirements by asking the following:
Understanding features related to a PIM solution will help you acquire the best option. Before discussing these options in the next section, let’s review the features that make a PIM a powerful system.
Product attributes allow you to define specific characteristics for your items. Common examples of attributes include size, color, and material. Well-defined attributes are important because they enable product discovery and make catalog management easier.
With a PIM, you can create and manage unlimited attributes for your products. Once attributes are created, they appear as a selectable option on item pages. You can assign attributes to products on an individual level or in bulk.
A PIM solution uses hierarchies to classify your products. The primary hierarchy defines the organizational structure and consists of categories and their nested sub-categories. Each product is assigned to at least one category. PIM also allows you to create alternate hierarchies to represent new assortments for your items.
Items are the individual containers for the products in your catalog. They allow you to define and store the details for each product. Each item has a title, a product ID, a description, a category, and assigned attributes.
Items with multiple options contain variants. Each variant is used to represent a specific version of the product. For example, a t-shirt with sizes small, medium, and large—each size would have its own variant. Variants have their own product ID, attributes, and other product data. Each is nested under the parent item, allowing the different options to appear on the same product page.
With a PIM solution, you can group your items into bundles. These bundles can then be displayed on your product pages as a cross-sell opportunity. Products can display regular pricing, or you can create promotions and prices unique to the grouped items.
Digital asset management (DAM) is software that stores, organizes, and shares digital media files like images, PDFs, and videos. DAM systems provide key stakeholders controlled access to their entire digital content library and can be seamlessly integrated into a PIM for easy product enrichment.
Workflows allow you to design processes for making your products ready for market. You can use them to stay organized and ensure that all product data is complete and accurate.
Dashboards give you a high-level overview of your PIM system. You can edit the widgets on the dashboard to show the most important data to your business. For example, you can visualize your total number of products, product distribution by category, or list of product attributes.
One of the main reasons a business implements a PIM is to replace spreadsheets for storing and managing product information. Many become large enough that small data management software like Excel becomes too complex to maintain.
Spreadsheets need frequent use of manual processes, leading to a significantly higher risk of user error. It is also challenging to know which version of a spreadsheet is up to date. Companies often send a document out to different departments as changes are made.
With a PIM, manual errors resulting from excessive data entry aren’t an issue. The system uses a central database to ensure all information comes from a single source of truth. Data is standardized, and automatic quality checks ensure data is clean.
Today’s shoppers perform extensive research across a variety of touchpoints before completing a purchase. Their research relies on copious amounts of product information. Because of this, merchants that sell products through a variety of channels need consistent product information across every sales channel. This presents a unified brand message and provides a consistent experience to customers.
With a PIM, you have a centralized data management system to ensure that product information is accurate for every channel in real time. No matter where customers browse or buy, they get the same experience from your product listings. This can help minimize cart abandonment and improve customer loyalty.
Time to market is critical for staying competitive in e-commerce. PIM reduces time to market by optimizing a product’s path from development to marketing.
With a PIM solution, people from different departments can work on the product simultaneously. Marketers can begin catalog production before all the product details are finalized. When the product management team updates the information in the PIM, the changes are reflected in the catalog.
PIM systems integrate seamlessly with your current systems and sources of product information. This includes vendor portals, inventory management systems, and order management systems (OMS). The solution also supports reusable APIs. These can be used to connect data between the different applications. A PIM solution integrates with ERP systems as well.
A PIM solution helps organizations automate manual processes. For example, the process of onboarding product data from suppliers. The suppliers can use templates to deliver the necessary data. Bad product data is eliminated, which leads to lower operational costs. Consistent and accurate information also reduces management risks.
A PIM solution lets you update product information instantly. You can do so across all your marketing and distribution channels as well as your in-house departments. This eliminates repetitive tasks. Businesses no longer need to update product data in multiple systems.
PIM makes it easier to manage the catalog and create sets of products at scale. You can create collections and groups of products that have to be purchased together. You can also work aggregately with product attributes. Instead of typing or pasting text, you select a product’s attribute from a preset list.
PIM is excellent for scalability. It makes it easy to venture into new markets, introduce new products to old markets, and provide multiple languages. You no longer need to house excessive products in the ERP system. You can create and store products in the PIM and transfer them to the ERP only after selling.
When product enrichment is fragmented, ownership and transparency are lost. PIM allows you to keep track of each user and their actions. This gives full accountability to any changes in product data.
PIM makes it easier to push your products to marketplaces like Amazon or comparison shopping engines like Google. Without a PIM, your data is unstructured, scattered across different spreadsheets and databases. This forces you to find and transform the relevant data into a structure that matches the needs of each unique platform.
PIM systems eliminate this problem. They automatically structure your data so that it can be rapidly delivered to each channel without issue. This allows you to provide a consistent experience to your customers with complete accuracy.
fabric PIM is designed for B2C and B2B digital commerce organizations looking to improve assortment management at scale. fabric PIM allows merchants to easily create, manage and enrich a large volume and variety of SKUs across channels. It empowers merchants to take control of their product data and deliver exceptional shopping experiences—no coding required.
fabric PIM offers unlimited SKUs, unlimited product categories and variants, and attributes. With fabric PIM, you can streamline your operations and materially reduce costs—all while enabling new, multi-channel, and multi-region use cases to grow sales and remain relevant in the most competitive industries.
fabric PIM allows you to scale products faster by prioritizing the user experience. With its intuitive interface, you can quickly visualize and manage your critical product data in a centralized place.
The solution supports many customizable product options and hierarchies, including bundles, variants, attributes, categories, and collections. You can create as many classifications as you need and automatically assign products based on attributes.
Because speed to market is critical, fabric PIM is designed to support a quick setup. The solution is API-driven and made to integrate seamlessly with your existing systems. It supports one-click migration, allowing you to transfer your essential product data from popular legacy solutions with ease.
You can benefit from using our PIM solution in conjunction with other fabric products, or you can use it (and its flexible connectivity options) as part of a complex ecosystem of external commerce applications.