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Data management is a challenging task, especially when you need to deal with a massive amount of information and that is also related to your products and resources used in its manufacturing. Every other discrete manufacturer looks for an easy, integrated solution to maintain their product data. Here, chances are high that they may consider having a Product Information Management software.
Benefits of Maintaining Product Data Using ERP Software
Although there are several reasons this decision makes sense, you need to understand whether or not you actually have to invest in this system. What could be the most practical reason behind this? Yes, you are already working with a flexible manufacturing ERP solution.
So, before looking for a PIM solution, you must ask yourself ‘do you really need it?’
ERP is more like a centralized database of an organization that contains all sorts of data related to products, customers, finance, stock, resources, or anything else – information related to all business operations. As a central management system, a modern ERP usually has a fully-integrated product information management feature. So, why do you need an additional system?
Well, both PIM and ERP serve as central databases within a company. The key difference is that PIM only centralizes product data, including sales and marketing information and that may also be taken from your ERP.
Now, here’s important to determine how an ERP works. It essentially connects to all departments, services and covers all stages of your business operations. Data automation, management, analysis, and reporting are its key attributes and everything else falls within this domain of ERP software – eventually, it’s all about your business data. Whereas, PIM manages your product data that’s also used for marketing and sales purposes. It makes sure that your product catalogs are error-free and updated.
If an ERP software has already been integrated within your organization, then investing in a PIM solution is simply out of question. There are many instances where you don’t need a PIM system because product data can be used effectively using an ERP.
Here are some benefits of ERP to manage and monitor your product information.