Today, customers have access to all your competitor’s stories at a click of a button and tap of a screen. Even when they’re standing in front of the shelf in store, they can be comparing prices and features on mobile. This means bringing products to market as fast as possible – and catching them in that purchasing micro-moment – is your competitive advantage.
Using the right Product Information Management (PIM) tool increases speed to market from days or weeks to just a few hours, making products purchasable much faster. And the more opportunity of choice with relevant products you can offer customers a when they’re searching, the more revenue you generate and the more loyalty you build.
Jimmy Ekbäck, Executive Vice President Product & Services, inRiver
Guest blog by Trevor Olson, President & CEO, Aware Web Solutions
For many organizations, product data has taken over. That mighty spreadsheet (or series of spreadsheets) created years ago by that one guy nobody really remembers is the master. Every product detail, spec, and line of marketing copy must pass through it. It’s a beast and no one ever wants to anger the beast.
Part of the problem is that your product data continues to grow. Today's empowered consumer demands more before they purchase a product from online retailers.
If you aren’t able to keep up, sales will go elsewhere… and fast.
And so you continue to feed the beast… that master spreadsheet of product data, routing it internally via email to all the different folks in the company who touch or impact your organization’s product marketing. It’s time-intensive to put it mildly and is chalk full of human errors. You don’t have the time, patience, or frankly, the will, to dive in to fix it. Remember, you’re dealing with a beast, your daily master. OBEY.
And we haven’t brought up the multiple channels to which you’re sending this product data. Your web site, catalogs, online retailers, industry marketplaces…you name it…they all now require that the product marketing content you send them is unique. That’s just more fields to add to that master spreadsheet.
Are you managing your channels or are they managing you?
Turn It Around. The PIM Solution.
The only method of fulfilling those demands is a central repository for your product data and content. This repository is known as a Product Information Management System, or a PIM.
Picture this for a moment. Imagine a single click, and you are instantly in a solution with a fully cleansed, organized repository of all master product content. It’s a single view of everything you need as a product manager. No more spreadsheets, files, and images scattered throughout networks, file systems, and individual inboxes. PIM systems accomplish several goals, including:
inRiver is a Product Information Management suite that is built for marketers. Its advanced User Interface and adaptable design make it a leader in publishing your items quicker and to more channels. inRiver features include:
Aware’s PIM Advantage
Meeting the needs of retailers, manufacturers, and distributors requires speed, flexibility, and experience. Aware Web Solutions understands the importance of these needs and provides a proven system to implementing a PIM package that achieves your data and content goals. Aware’s system includes:
Our solutions help syndicate your product data and content using a single consistent message throughout your channels. Your marketing data and content outputs to your web site, your catalogs, Amazon, Google Manufacturing Center, and every other channel your business feeds can happen at higher Speed-to-Market rates and more accurately with less work.
Interested in a demo? Contact Aware
Trevor Olson, President & CEO, Aware Web Solutions
The world of commerce is growing increasingly complex as new technologies can quickly enable disruptive business models and change how customers interact with us. Innovative products and services are introduced faster and with higher frequency in all industries. Disintermediation of supply chains causes old partners to compete and new partnerships to form. At the same time, millennials with completely different values and buying habits are starting to become a substantial part of B2C and B2B buyers.
All these are examples of complex challenges and phenomena that require constantly evolving business strategies and business models to stay competitive. Historically, most of the complex business problems have been solved with complex IT solutions that, in most cases, grow even more complex over time. Complex solutions are often monolithic in their approach and require huge budgets and a lot of time and sacrifice to get implemented in the organization. Say "big-bang ERP implementation” and most that have gone through one and survived will agree.
Race cars are optimized with one single objective in mind—to be as fast as possible. If we, for a minute, consider an organization as a race car and we think about what we need to do to make it fast and competitive, most of us will not think about adding weight or designing a hard-to-use cockpit. A race car is fast because it is stripped of everything that isn't necessary to reach the goal—winning the race. A race car's cockpit only contains the controls that are needed to drive really fast and provide the driver with an unobstructed driving experience. Adding controls in the cockpit for managing a front loader, or a towbar in the rear of the car, just doesn't make any sense as it will only increase the complexity of maneuvering and add unnecessary weight that will inevitably slow things down.
Complex and bloated processes and it's ugly sibling "the enterprise model," combined with all-in-one system support, adds time-consuming process steps and tasks, whether they are needed or not. Not only does complexity make things move slowly, it also makes things hard to change and is often the cause of inflexible organizations that leave employees disengaged and unmotivated. So not only is complexity the enemy of speed, but also the enemy of flexibility and innovation.
Amazon has been growing extremely fast and is now one of the largest companies in the world. Despite that, they are still moving and innovating much more quickly than their competitors in the traditional retail space. There are, of course, many reasons for Amazon's success, but complex processes aren't one of them. In a letter to shareholders, Founder Jeff Bezos wrote: "As companies get larger and more complex, there’s a tendency to manage to proxies. Good process serves you so you can serve customers. But if you’re not watchful, the process can become the thing. This can happen very easily in large organizations." When the process becomes “the thing” you end up with the all-encompassing enterprise model and its monolithic system support.
Instead, Amazon is laser-focused on what Jeff Bezos calls "True Customer Obsession." As the Amazon example shows, staying nimble and focused can help an organization move fast, grow quickly, and stay innovative. Simplicity requires a focus that encompasses everything, from organization and processes to system support. This is the opposite approach compared with yesterday's all-encompassing enterprise model, unfocused all-in-one enterprise software packages, and big-bang implementations.
Think of your organization as a race car and strip away the unnecessary weight of yesterday and focus on what's truly important. That way you can be the disintermediator instead of the disintermediated.
Johan Boström, Co-founder and Evangelist, inRiver