The need to be effective in the marketing, selling, manufacturing, distributing, and sourcing products requires more consistent and higher quality product information. This is where product information management (PIM) has great potential, and as I have attested is the responsibility of business to lead the process and technology improvements. Of course for PIM to be efficient IT needs to support business leadership to improve PIM and ensure access and integration of data and applications. One...
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Topics:
Big Data,
Sales,
Operational Performance Management (OPM),
Commerce,
Customer Performance Management (CPM),
Information Applications (IA),
Information Management (IM),
Product Information Management,
Sales Performance Management (SPM),
Supply Chain,
Supply Chain Performance Management (SCPM)
To maximize the potential of their investments, businesses must manage product information, yet for many businesses product information is scattered and duplicated in many systems, which leads to duplication of effort, incorrect information about product descriptions and prices and improper tracking of products, all of which increase costs and waste time. At the same time, for marketing products and streamlining their distribution through sales channels, making product information accessible to...
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Topics:
Big Data,
Master Data Management,
Sales,
Operational Performance Management (OPM),
CIO,
Information Management,
Business Performance Management (BPM),
Commerce,
Customer Performance Management (CPM),
Information Management (IM),
Product Information Management,
Sales Performance Management (SPM),
Supply Chain Performance Management (SCPM)
The rapid evolution of business on the Internet has dramatically changed many organizations’ strategies for growth and profitability, especially those in the retail sector. I have written about the importance of analytics overall and in retail, but many companies are maturing slowly in using them to analyze electronic business and commerce. Data derived from analytics can enable them to manage the cycle from electronic merchandising and promotions to assessing interactions with sales categories...
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Topics:
Retail Analytics,
Operational Performance Management (OPM),
Commerce,
InfoPia