ROI of Product Data for Multichannel Commerce
|
|
- Heather Alexander
- 8 years ago
- Views:
Transcription
1 Study ROI of Product Data for Multichannel Commerce Measurable Results in Terms of Margins, Revenue, Costs and Product Launches
2 This document contains Confidential, Proprietary and Trade Secret Information ( Confidential Information ) of Informatica Corporation and may not be copied, distributed, duplicated, or otherwise reproduced in any manner without the prior written consent of Informatica. While every attempt has been made to ensure that the information in this document is accurate and complete, some typographical errors or technical inaccuracies may exist. Informatica does not accept responsibility for any kind of loss resulting from the use of information contained in this document. The information contained in this document is subject to change without notice. The incorporation of the product attributes discussed in these materials into any release or upgrade of any Informatica software product as well as the timing of any such release or upgrade is at the sole discretion of Informatica. Protected by one or more of the following U.S. Patents: 6,032,158; 5,794,246; 6,014,670; 6,339,775; 6,044,374; 6,208,990; 6,208,990; 6,850,947; 6,895,471; or by the following pending U.S. Patents: 09/644,280; 10/966,046; 10/727,700. This edition published November 2013
3 Study Table of Contents Editorial Partner Introduction Participants in the Study Summary of the Study Results Quality is Ranked Above Everything Else PIM and the Business Model Expansion and Internationalization Product Range Strategy Customer-Specific Business Models/Product Ranges Increases in Revenue and Profit Using a PIM System Data Maintenance and Speed Cross-Selling and Up-Selling Customer Relations and Brand Loyalty PIM and Cost Savings Data Management Onboarding Localization PIM: The Optimization and Change Tool Summary, Closing Words ROI of Product Data for Multichannel Commerce 1
4 Editorial Business Model Dear Business Reader: This is one of the most internationally extensive studies regarding the business value of Product Information Management (PIM) solutions. It shows where and to which extent PIM provides utility in relation to business models, turnover, and costs for retailers and manufacturers. Cost Cutting Increase Revenue We would like to thank the great international Informatica Partner Network made up of universities, research institutes, consultants, and implementation partners from 17 countries. They have all contributed to designing and carrying out this study as well as supplying answers from a good 300 enterprise customers. Processes We would particularly like to thank Prof. Oliver Kretzschmar from Stuttgart Media University as well as Daniel Walter, the author of the Master s thesis with the same name. The extensive results were evaluated under the leadership of the renowned consultant André Maletz. We would like to thank all these gentlemen for their professional cooperation. We hope the study provides many helpful suggestions for your company. Benjamin Rund Senior Director Product Marketing PIM & Procurement Partner Research Partner Stuttgart Media Univerity Cresult, Hr. Andre Maletz Eperium, Gertjan Schäfers CSI, Chris Booker Bridging IT, Michael Weiß Listen Consulting, Claus Hänle Viveris, Alain Huet Werk II, Horst Huber Ideosity, Richard E. Dase Unic, Jorij Abraham 2 Descom, Juha Harju Theilgaard Mortensen, Morten Knold Lund
5 Introduction Motivation: Key Performance Indicators and Economic Impact of the Use of PIM and MDM Over the past few years there has been an increase in the introduction and implementation of complex PIM and MDM projects. Today, the systems available on the market have a powerful interface, integration, and workflow functions. The reorientation of business models for retailers and manufacturers, the increasingly growing cost pressures and the necessity for internationalization have generated the economic and operational necessity for PIM and MDM projects. Against this background, the present study is intended to shed light on the interactions between organization, market orientation, business models, and the supporting IT systems, as well as to provide new information on quantitative key performance indicators using PIM systems. Methodology for conducting the study The international online study was conducted jointly with 17 partner companies (see introduction); the preparation and the design of the survey was carried out by Informatica (former Heiler Software) as part of a master s thesis for the Stuttgart Media University. The target groups were employees and managers responsible for processes in retail and manufacturing companies, with and without PIM experience in their own company. Out of a total of 430 participants, 310 survey results were assessed. This reduction in the number of participants can be attributed, on one hand, to participants failing to complete the survey and on the other hand to participants who did not fall within the scope of the research (e.g. did not represent either retail or manufacturing). With approximately 50 questions as the maximum number of users with PIM experience, the survey posed a challenge for all participants who had to be prepared to answer very extensive questions for approximately minutes, some of which were very closely related to business processes. It can be seen as very positive outcome that 310 respondents answered all the questions in the questionnaire and thereby provided a sound foundation for reliable market data. Approach to analysis: No PIM without a business model! The questions and the data acquired allow various different approaches to analysis and forms of representation. A purely statistical, quantitative approach was not favored because this would not have done justice to the quality of the statements with regard to the impact of PIM/MDM on business approaches and cost/revenue trends. Instead the study has been organized according to questions that connect the process and business benefits with the survey results. The questions in the study were divided up into several sections according to business relevance so that the motivation of the study the business relevance of knowledge of PIM/MDM could be elaborated. All data from the survey has been included in the present study; none of the results have been excluded. Some topics with more quantitative content have not been presented in detail 1. In order to make the presentation of the results more transparent, the core statements of the retailers and manufacturers have provided the main focus. Hypothesis: PIM makes a real change in a company! The introduction of Product Information Management (PIM) is an important approach to a corporate desire to change. As well as the responsibility for data, which is often not clearly managed, change processes and information service levels, there may also be a technical systems solution; however the successful introduction of technology requires fundamental rethinking in the organization and in its processes of data and information management. The benefits in the business model and their potential for revenue and costs associated with the PIM approach to change become evident when the business case is examined holistically, in a way which, in addition to the technical assets, also includes the quality of processes and information in the calculation of expenses, costs and benefits 2. 1 The purely quantitative data has been presented separately 2 cf. Informatica PIM value model ROI of Product Data for Multichannel Commerce 3
6 Participants in the Study With 310 completed questionnaires, the present online study has gained access to a huge amount of experience in national and international businesses in the areas of retail and manufacturing. Of the 310 participants evaluated, 46% represented retailers and 33% manufacturers. 21% of the respondents stated that they belonged to both groups 3. Type of your Company 61% of the respondents reported that they belonged to management while 38% identified themselves as being business users/specialists. In total, 80% of the participants corresponding to 136 of 170 evaluated questionnaires were involved in the areas of IT (30.5 %), e-commerce (16.8 %), marketing (12.6%), master data management (11.4%) and product management (10.2 %). What is your companys primary business? Figure 1: Type of company Figure 3: Primary business field What is your position in your company? The companies surveyed worked in a wide variety of business fields which means that a sector-neutral evaluation of the results could be carried out in the study, differentiated according to retailers and manufacturers. At a little over 60%, the participating companies primarily serve business clients. 40% of the companies have a revenue of over 500 million per year, a further 23% achieve between million per year. 32% have a revenue of between million per year and 5% of the respondents did not provide any information on their revenue. Figure 2: Position in company 4 3 The analysis shows that many of the participants in the study had problems classifying themselves; the results have been omitted from the current study.
7 Do you have a Product Information Management System (PIM) / Master Data Management (MDM) for your products? Why are you not considering implementation of a PIM solution? Figure 5 Lack of business case Figure 4: Use of PIM/MDM Of the companies surveyed, 65% have already introduced PIM/MDM. A further 11% are currently in the process of imple-menting a solution. 58% of the respondents have been using their system for longer than three years. A significant proportion (27%) of the companies work in a PIM/MDM environment that they have developed themselves, although 60% of this group admit that they are no longer satisfied with the system and need improvements or expansion. Of those respondents who have not yet been introduced to a PIM/MDM solution, it is particularly noticeable that 60% of those cannot see a positive business case, yet 40% have no knowledge of the systems themselves or have no way of identifying the benefits. 40% of the companies who are not yet using PIM/MDM were not able to identify the need for it. This information points to the need to explain the business case of a PIM initiative fully and to be able to identify the cross-departmental potential in purchasing, sales, product management, logistics, and IT. The quantitative and qualitative responses to the study reflect a very high proportion of practical experience. This, in particular, supports the identification of benefits based on sound practical experience. The many years of experience with PIM/MDM solutions of many of the participants make their statements very reliable, while the distribution over a wide range of industries confirms the cross-sector relevance of the results. ROI of Product Data for Multichannel Commerce 5
8 Summary of the Study Results The importance of quality to Retailers/... Quality is Ranked Above Everything Else The quality of products, services, and the range of products was rated very highly by all the participants, irrespective of their use of a PIM. In the companies with PIM, the quality of product information was seen as an important factor in differentiating themselves from the competition. For the respondents with PIM experience (50%) the quality of product information was clearly ranked more highly than it was by the participants not using PIM (19%). A higher value was also placed on service (49% in comparison to 42%), and range of products (43% in comparison to 33%) by PIM users. How do you differentiate yourself from the competition? Figure 7 Relevance to product selling for the retailers Compared to retailers, 74% of the manufacturers surveyed that the enhancement and completeness of product information is relevant to selling their products. The reduction in errors, at 69%, was rated similarly; however, the increase in customer satisfaction was rated as being of less importance in the answers of the manufacturers (63%) than it was in those of the retailers. The importance of quality to Manufacturers Figure 6: Differentiation from the competition Alongside increasing customer satisfaction and customer loyalty (71%), the retailers surveyed also consider reducing errors related to product information (71%) and the completeness and enhancement of product data (64%) to be key areas of their activity. These are followed by the conversion rate (62%) and the reduction of costs for printed catalogs (63%). Figure 8: Relevance to product selling for the manufacturers When comparing the answers on the evaluation of the quality of product information (applicable to at least 90% of the product portfolio), it becomes clear that the experience with PIM systems leads to significantly higher ratings for reduction of errors, added value from product data, and currency of information. 6
9 In addition, tool-based quality control is shown to have a positive effect and this is significantly clearer in the view of those respondents using PIM. Improvement of Product Returns, Data Completeness & Errors (Retailers) Is your measurement of data quality tool-based? Figure 11: Self-assessment of performance by retailers Quality is and continues to be a key factor in differentiating the company on the market. This is the key to success for retailers and manufacturers, even if there are slight variations between them due to their different business models. Figure 9: Use of tool-based quality control 64% of the manufacturers and 37% of the retailers with PIM use this quality option. This clearly differentiates them from the respondents without PIM (33% of manufacturers, 13% of retailers). When comparing the self-assessments of manufacturers with and without a PIM solution, there are significant improvements in the quota of returns, the completeness of the product data and a reduction in errors documented among PIM users. However, it is noticeable that, for those using Product Information Management, the factor product data quality (50%) clearly gains in importance, whereas the factors product quality (50%), service (49%) and range of products (43%) for those with PIM experience tend to be rated with similar importance. This suggests that the companies surveyed have achieved a balance of the factors relating to their quality position and are therefore able to give their customers a promise of all-round quality. The surveyed companies see many advantages, especially due to lower returns and error rates. Improvement of Product Returns, Data Completeness & Errors (Manufacturers) Figure 10: Self-assessment of performance by manufacturers When comparing the self-assessment of retailers, it can be seen that there is an improvement in the completeness of and reduction in errors in the product data. ROI of Product Data for Multichannel Commerce 7
10 PIM and the Business Model Expansion and Internationalization Expansion and internationalization are sustainably supported by Product Information Management. The results of the study clearly show that the business development of companies that have implemented PIM/MDM systems is faster and more effective in the market than that of retailers and manufacturers who do not use PIM. Retailers plan to add, on average, 2 (2.4) further languages in the future 4. On average, manufacturers distribute their products in 36 countries. Within the next three years, they would like to distribute their products in a further 13 countries. How many languages are you planning to add in the next 3 years? (main product range) The following chart demonstrates a clear difference between manufacturers with and without PIM in the number of languages in which a product description is available. In how many languages is your product description available? (main product range) Figure 13: Average planned number of language versions The retailers surveyed distribute their products in 12 countries. Over the next three years, the retailers Distributing in more than 30 countries Figure 12: Average number of languages for manufacturers Plans to expand the number of language versions over the next three years are clearly more extensive among manufacturers with PIM. The manufacturers with PIM systems plan to add an average of eight (8.4) further languages in the next three years. However, manufacturers without a PIM system are planning on adding only one (1.3) additional language. Figure 14: Manufacturers distribution countries hope to reach an average of 8 further countries. There is a clear difference between manufactures with and without a PIM system. 63% of manufacturers with PIM are represented in over 30 distribution countries, compared to only 21% of the manufacturers surveyed who do not use PIM. 8 4 Explanation: the retailers who took part in the study had a less international orientation than the manufacturers.
11 Only 29% of the manufacturers without PIM systems are represented in more than 10 countries, whereas this figure is 81% for manufacturers with PIM. Expressed as a statistical average, manufacturers with PIM systems are represented in 45 countries, manufacturers without PIM systems are represented in 17 countries. The survey results show that making service and publication channels available is very important for expansion and internationalization. Using the example of the manufacturers surveyed, it is clear that the importance of e-catalogs, web shops, print catalogs and product specifications increases with Product Information Management. The structural groundwork required to introduce PIM must be included as a part of the business case project because business planning can lead to advantages in terms of speed (time-to-market) and cost savings (e.g. acquisition, maintenance, translation ) that support the business model in the long term. From the perspective of Product Information Management, support of business processes and internationalization objectives takes place through publication and output management in PIM. Importance of output channels (Extremely important) Figure 15: Output channels The use of PIM architecture and the resulting clean and consistent product data enables retailers and manu-facturers to speed up their internationalization and also ensures that the relevant information can be made available with consistent quality to the target markets. ROI of Product Data for Multichannel Commerce 9
12 Product Range Strategy Various different questions in this study confirm the reciprocal effect between business models/business strategies and optimized data maintenance, and data management. In cases where there was a product range strategy, the study then explored the question of whether PIM could support the expansion of the range. From this it became very clear that the size of the product range and the fast expansion of the product range were rated as being rather less important for the manufacturers surveyed. Consequently this presentation concentrates on the retailers surveyed. 38% of the surveyed retailers with PIM stated that they were aiming to achieve more than 50% expansion in their range of products and 45% of them are planning an expansion of their product range of between 11% and 50% in the next three years. This figure was 20% lower for retailers without PIM. Are you planning to increase the number of items in the next 3 years by at least 50%? Approximately 19% of the retailers surveyed without PIM reported that they have over 250,000 items in their range. How many articles / items / SKUs do you have in total (available for selling)? Retailer /... Figure 17: Planned expansion of the range of products by retailers Standardized approaches using Product Information Management support the expansion of the product range as a result of a number of factors: simplified integration of the suppliers data, faster onboarding of suppliers, optimized localization and reduced costs for translations. As far as business strategy is concerned, this reveals a number of factors supporting an extension of product range to help cost-effectiveness and profits when margins are low, as is common in retail. PIM therefore also supports the business case for the core business by providing optimized approaches. Figure 16: Number of items for retailers In total 36% of retailers with PIM had over 250,000 items for sale, 14% had more than 1 million items, and 8% more than 5 million items. 10
13 Customer-Specific Business Models/Product Ranges The requirements in the area of procurement lead to the necessity for retailers and manufacturers in different sectors to make customer-specific product ranges available. The time needed for maintenance, data management and data exchange can lead to solutions that are too costly or even to their being unable to fulfill the requirements. Respondents from both retail and manufacturing reported that their customers require customer-specific product ranges. For the retailers without PIM, only half the respondents said 1-20 customers expected customerspecific product ranges, while 20% of the surveyed retailers without PIM said that customers required them. Among comparable manufacturers, 38% of those surveyed reported that 1-20 customers required specific product ranges, while 51% said customers required them. How many of your customers require customerspecific product ranges? How many of your customers require customerspecific product ranges? Figure 19: Customer-specific product range, manufacturers 30% of the customer-specific product ranges of retailers surveyed without PIM systems have between items, 10% between items, 30% more than 1000 items and 20% more than 10,000 items. Of the manufacturers, 51% responded with items, 25% specified ; larger product ranges than these are not used by the manufacturers. How big are these assortments on average? (>1000 items) Figure 20: Number of customer-specific product ranges Figure 18: Customer-specific product range, retailers For the retailers with PIM systems, 75% stated that 1-20 of their customers expected a customer-specific product range; only 12% identified that need in customers. For the manufacturers with PIM, 55% stated that this was required by 1-20 of their customers; approx 35% stated that they had customers with customer-specific product ranges. 28% of the retailers with PIM systems reported that they had customer-specific product ranges of items. 16% had items, 40% had more than 1000, while 28% had more than 10,000 items. 64% of the manufacturers said that they had around items, 14 % said Manufacturers with PIM reported that 5% of their customers are also supplied with customer-specific product ranges of ,000 items.with regard to the expectations of customer-specific price models, only the statements from the retailers were relevant to the analysis: without PIM, 0% of the respondents reported no demand for customer-specific prices for more than 75% of their customers; however retailers with PIM reported 38% for this. ROI of Product Data for Multichannel Commerce 11
14 When comparing the results from manufacturers and retailers, the study identified an increased usage in companies with PIM. On the one hand, this can be attributed to the fact that the introduction of PIM makes it easier to develop a customer-specific range, while on the other hand, these retailers and manufacturers are also offering this option more frequently to suitable target groups as a part of their sales strategy. In this business model, Product Information Management also makes a contribution to optimization and reduction of costs. Increases in Revenue and Profit Using a PIM System Questions regarding indicators for increasing revenue and profit are typically to be viewed critically in studies and surveys, on the grounds of participation and the comprehensibility of the answers. However, it was possible to arrive at reliable results in this study because of the correspondence between answers covering several factors. Both retailers and manufacturers reported that they observed a positive revenue and profit effect when using PIM. When examining the results of the survey it became clear that the factors conversion rate increasing margins acquisition of new customers revenue per customer 5 represent very important aspects for the respondents. For the retailers, the question on the current performance of the company in relation to the conversion rate showed no significant difference: 60% without PIM, and 64% with PIM. For margin increases the responses of 53% without PIM and 52% with PIM remained almost identical. Conversion Rate, Margin, New Customers, Wallet Share (Retailers) Figure 21: Revenue factors for retailers with/without PIM However, the retailers showed clear advantages in using PIM in their performance relating to acquisition of new customers; with 48% without and 69% with PIM. Similarly, the development of revenue per customer was evaluated positively at 35% without PIM and 57% using PIM. In total the responses from the retailer segment demonstrated that Product Information Management makes a positive contribution to revenue/profit. The positive assessment of current performance was even more pronounced for the manufacturers surveyed. The assessments of the respondents can be understood in relation to other results of the study concerning the business model of the manu-facturers (e.g. direct sales, etc.) and their internationalization plans. The increase in the conversion rate, 27% without PIM compared to 62% with PIM, was seen as an important PIM advantage, as was the margin increase of 35% without and 80% with PIM. But also the acquisition of new customers, at 69% with PIM, was assessed as 30% higher than the performance without PIM. Conversion Rate, Margin, New Customers, Wallet Share (Manufacturers) Figure 22: Revenue factors for manufacturers with/without PIM 12 5 cf Figures 7 and 8
15 The revenue per customer was assessed for manufacturers using PIM at 50%, 5% lower than the performance of the respondents without PIM. The results clearly show that manufacturers with PIM significantly expand and increase their end-customer focus. The assessment of revenue per customer is more than balanced out by the assessment of higher margins and acquisition of new customers. This means that the manufacturers assessment that PIM significantly promotes new business models and new markets can be taken as well-founded and sound. 25% of the retailers state that without using PIM it takes over 60 minutes to edit an item. In comparison, for retailers with PIM only 4% said it took a similar amount of time. In total 71% of the respondents with PIM reported that it took 1-10 minutes. How many minutes does it take to edit an average article/item (input / creation until output)? Manufacturer With the retailers and this is shown by the study in other places assessment of the revenue and profit factors remained the same. The advantages for the retailers result more from the combination of functions such as customer-specific tailoring and various reductions in costs (onboarding of suppliers, extension of product range ). Nevertheless, the study results show clearly that the participating retailers and manufacturers attribute a positive profit and revenue effect to the usage of Product Information Management. Data Maintenance and Speed An important aspect of the provision of product information is data maintenance and the expenditure of time and effort associated with this. Both for the retailers and the manufacturers it was clear that the amount of time and effort changes with PIM and the optimization potential is confirmed. How many minutes does it take to edit an average article/item (input / creation until output)? Retailer/... Figure 24: Editing times, manufacturers A different distribution of time spent on data maintenance is evident for manufacturers: while 66% of the respondents without PIM state that it takes 1-10 minutes per item, the length of time for data maintenance with PIM is 1-3 minutes for 8% of respondents, 4-10 minutes for 13% and minutes for 42%. With an editing time of minutes, the proportion with PIM usage reduces by 20%, from 33% to 13%. This information supports the result of another question from the study, in which it became clear that with the introduction of PIM the relevant systems were focused on data maintenance. Figure 23: Editing times retailers ROI of Product Data for Multichannel Commerce 13
16 The answers from the retailers surveyed show 68% of those using PIM have one or two systems for data maintenance, while for those without PIM this figure is only 21%. Does an item only has to be edited in one or two systems? The surveyed retailers stated that 32% of the employees involved spend less than 15 minutes searching for product information. Prior to using PIM, this was only 11%. Does a worker with average knowledge spend less than 2 hours per week searching for product information? (Yes) Figure 25 Use of system, retailers Benefits arising from using PIM could also be seen in both groups in relation to the speed of information searches. Does a worker with average knowledge spend less than 2 hours per week searching for product information? (Yes) Figure 26: Search time for retailers less than 2 hours Does a worker with average knowledge spend less than 15 minutes per week searching for product information? (Yes) Figure 28: Search time for manufacturers The situation is similar among manufacturers. Prior to using PIM, 17% spent less than 2 hours searching for information, after using PM this figure is 36%. Central data storage and data maintenance is a decisive factor for performance in creating, editing and searching for product information. Although it could not be con-firmed in the survey that there is always a clear savings in time spent on maintenance and error identification when PIM is used the retailers and manufacturers have very different product and business models in this respect it was still possible to see a clear trend: Product Information Management supports maintenance and editing processes. The search for product information was seen to be significantly better by the respondents when using PIM; it did not take as much time and it was therefore possible to support business targets more effectively. 14 Figure 27: Search time for retailers less than 15 min
17 Cross-Selling and Up-Selling Online business models in e-commerce in the B2B, B2C, B2BC segments etc. have already successfully shown that the networking of products, the utilization of partnerships and the highly integrated semantic quality of links all support business success. Importance of channels and performance Do you consider your performance in product Information enhancement / completeness as very high? Figure 31: Importance of channels (manufacturers) Figure 29: Product data quality, retailers The importance of enhanced product data increases for retailers from 58% for those who do not use PIM to 74% for those who do use PIM. The respondents also assess their performance with PIM to be 17% higher than it was prior to using PIM at 11%. Do you consider your performance in product Information enhancement / completeness as very high? For retailers, e-catalogs, web shops and print catalogs gain significantly in importance with the use of PIM. New customer acquisitions increase from 40% to 69%. The revenue per customer was rated as being slightly lower by the respondents in manufacturing; however, the clear increase in new customers makes it possible to conclude that, in spite of this, an overall improvement in performance is experienced. The importance of web shops, e-catalogs and print catalogs gains a significant importance for the retailers surveyed who use PIM. In contrast to the manufacturers, the retailers using PIM evaluated their performance regarding revenue per customer as being clearly better, with 57% compared to 35% for those not using PIM. Figure 30: Product data quality, manufacturers The manufacturers also report clear improvements in their responses to this question. With PIM, the importance increases from 40% to 64%. The performance is assessed at 18% (without PIM at 0%). The significance of publication and distribution channels increases among both manufacturers and retailers. ROI of Product Data for Multichannel Commerce 15
18 Importance of channels and performance Customer Relations and Brand Loyalty Customer relations and brand loyalty represent important factors for the success of retailers and manufacturers. The question of the use of PIM can only be linked indirectly to these areas and it is very dependent on the respective business models of the respondents. Do you have very good performance in customer satisfaction / loyalty (Existing customers with purchase in buying cycle) Figure 32: Importance of channels (retailers) A clear improvement is also seen in new customer acquisitions, with 69% for those using PIM compared to 48% for non-pim users. Does your average item have more than 5 links (to spare parts, accessories, related articles)? Yes Figure 34: Customer satisfaction, manufacturer The surveyed manufacturers do indeed report a link between their performance in connection with product information quality as a result of using PIM and customer loyalty in the survey: 39% of the respondents confirm very high levels of customer satisfaction while only 9% of those not using PIM rate their performance to be similarly high. For retailers, the difference between 31% for those using PIM and 20% for non-users is less, but nevertheless clear. 16 Figure 33: Number of links between items Also the use of links to other products etc., which is very relevant for up-selling and cross-selling, Retailers see a very clear increase from 16% prior to using PIM compared to 28% after using PIM. The survey reveals that both retailers and manufacturers are able to recognize advantages in using Product Information Management in relation to their performance in up-selling and cross-selling. The technique of linking a typical, tried-and tested process in e-commerce increasing sales channels and all-round enhancement of product information are also areas in which PIM makes a successful contribution. A further indication of the increase in the potential to improve customer relationships arises in the survey in connection with the option of creating tailored publications. Is the ability to create tailored print products extremely important to you? Figure 35: Tailored print publications
19 Approximately 13% of the respondents from manufacturing with PIM rate the option to reach more customer loyalty with customer specific publications as very high, while only 7% of those without PIM rate it as very high. In particular, the dealers with PIM can significantly improve their customer loyalty due to more complete product information and media assets. Twice as many dealers are in a position to offer a product image with PIM for nearly every article. Do more than 90% of your items provide the following features? (Retailer/ ) Figure 36: Data completeness for retailers Do more than 90% of your items provide the following features? (Manufacturer) Figure 37: Data completeness for manufacturers The conclusion that can be drawn from this assessment is that PIM promotes and supports customer relations. Appeals to specific target groups, larger and more effectively tailored product ranges, products that are easier to find and optimized comparison and filter functions support the management of customer relations. Product Information Management is an important component here. The expansion of sales channels with e-commerce solutions that refl ect new customer needs ( VIP shops for certain customer groups, portals focusing on specific target groups, brand shops etc.) and the expansion of publications to include tailored catalogs contribute to customer loyalty. In various questions throughout the study it can be seen consistently that using PIM promotes these aspects of business models and market strategies. ROI of Product Data for Multichannel Commerce 17
20 PIM and Cost Savings Based on the premise that process optimization in combination with software systems must lead to reductions in costs, this study also evaluated a series of questions in this context. In this section the aspects of data management onboarding (onboarding of suppliers) localization are examined specifically. The study participants answered questions on various aspects related to lowering of costs and thereby made it clear that the most important savings potentials were related to the following aspects in particular: The reduction in costs considered individually by manufacturers showed that 36% of participants experienced more than 10% savings across all four cost factors at the same time when using PIM. 21% of retailers even said that they had cost savings of more than 20% over all four areas. Looking at the individual figures, the following chart shows that the cost savings of more than 10% for retailers with PIM was found in the areas of onboarding and catalog creation costs. Saved more than 10% in... onboarding and consolidation customer support cost of translations catalog creation costs 58% of respondents with PIM from manufacturing said they achieved savings of more than 10% in all four areas at the same time. A further 38% of respondents reported they achieved savings of more than 20% in all four areas at the same time. Saved more than 10% in... Figure 38: Cost savings of more than 10% by manufacturers In the individual distribution, more than 70 percent of the respondents reported at least 10% savings in the afore-mentioned areas. Figure 39: Cost savings of more than 10% by retailers The results of the survey make it clear beyond doubt that significant cost reductions can be achieved with process and IT optimization through Product Information Management. The study confirms that the potentials for savings should not be viewed in isolation, but the business case for PIM must be seen in a customer-specific context taking into account various different facets. The dependencies on the respective business models, the market strategy for internationalization, the product range development and the IT-specific architectural components represent the parameters for validating the cost savings, which make cost savings in different areas possible through PIM. 18
21 Data Management Master data management, master data logistics and processes to create, make available, and maintain product information and master data continue to pose a great challenge for companies today irrespective of the successful introduction of a powerful ERP system. Whether Product Information Management, as a component of a technical IT solution, can generate advantages was one of the questions examined in the study. The assumption that this is possible was driven by the hypothesis that simplification of complexity, consolidation of systems with master data and product data, and the improvement of IT processes and interfaces generates benefits. The question of how many IT systems contain product master data revealed that 38% of the retailers and 57% of the manufacturers without PIM keep this data on 4-10 different systems. How many systems contain product master data? Figure 40: Product master data, manufacturers In the survey, current PIM users were asked what their data storage was like prior to the introduction of the system and processes. How many systems contain product master data? Figure 41: Product master data, retailers For the manufacturing respondents, this changes significantly following the introduction of the PIM system: only 18% report that their master data is still kept on 4-10 systems, while the percentage of manufactures who keep their data on two systems increases from 8% to 36%. The more or less consistent rating of the retailers before and after introduction of PIM can largely be attributed to the fact that in the retail segment there are usually no development and production systems with product master data. The increase from 28% to 36% in cases where a system for master data storage is used should therefore not be overestimated here because there is no increase in the absolute numbers using 1-3 systems. As the study shows, the reduction in the number of systems involved always has a direct effect on the expenditure of time and effort and the performance of data management and data maintenance. This is clear from the results for retailers who use PIM: Do less than 3 systems contain product master data? 20% of the retailers and 50% of the manufacturers used 4-10 systems for storing product data. Figure 42: Number of systems for item editing ROI of Product Data for Multichannel Commerce 19
22 There is a significant decrease in the number of systems used for item and product data maintenance among PIM users. The surveyed retailers with PIM report in this context that the time needed to edit an item has been reduced by approx. 30%. How many minutes does it take on average to edit an item (creation to output)? The cost reduction effect of optimized data management lies in the reduction of infrastructure and service costs for IT, as well as in the reduction in the time required for multiple maintenance, for quality control and for detecting errors. The results from the retailers and manufacturers surveyed vary somewhat across these groups, but the significance and the trend are clear and confirm the potential for cost savings. Figure 43: Editing time of an item E-commerce, as the strongest driver, brings with it high requirements in terms of data quality in the web shop. In this context, the amount of time from detecting an error to correcting it is an important performance indicator. For example, the use of PIM reduces the time required for this in a web shop significantly, from four hours to one hour. How many hours does it take from detecting an incorrect article in the web shop until the error is corrected? Onboarding For many participants of the study, onboarding of new suppliers represents a significant time and cost risk, particularly as the integration of data sources for product data quality and business process performance is of the highest importance. The number of suppliers has an influence on the effort involved in data integration and is, in relation to the duration of that integration, a success factor for the company. Two thirds of the participating companies reported having over 100 suppliers. Only 21% of the respondents have more than 1000 suppliers. How many suppliers do you have? Figure 44: Period of time to correct an error For the specialist areas, the technical implementation of data management in the IT architecture is what enables an effective, fast process chain to create, make available and maintain master data and product information. This aspect of the study also shows that PIM is not purely an IT project, but one that needs to be positioned and prove itself in the interaction with business processes, responsibilities for data and requirements regarding speed and processing times. Figure 45: Number of suppliers 20
23 The number of onboarding measures and data integration processes required varies a great deal. Nevertheless, more than 50% of the manufacturers and 59% of the retailers have to manage 11 or more integration processes per year. Retailers have to integrate supplier data significantly more frequently. In this context, 26% of retailers have over 100 data integration processes to manage every year. More than 50 initial supplier data integrations per year Abbildung 46 Datenintegration bei Händlern und Herstellern The respondents answers make it clear that the time taken to integrate supplier data has been greatly reduced by using PIM. More than 54% of integrations are carried out within two weeks; prior to the introduction of PIM only 15% managed to achieve this. 45% were carried out within 3-4 days (with PIM 25%) and 35% took 1-6 months (today only 21%). Very high performance in data onboarding (low costs) Figure 48: Optimizing costs In contrast to retailers, manufacturers do not experience any significant improvements by using PIM. 6 The fast integration of large numbers of suppliers and supplier product data is one of the greatest challenges for commerce, in particular the speed-tomarket, inter-nationalization and the expansion of the range of products are critical success factors. The study confirms that the retailers with PIM can achieve a faster integration of their supplier data and therefore not only generate cost reductions for their business strategy but also create effects that are relevant to revenue and profit (speed, expansion of product range, integration of niche items). How long does it take to integrate a new supplier / data source? Figure 47: Length of time taken to integrate supplier data In the assessment of their own performance regarding the cost of onboarding, 28% of the retailers with PIM systems report that their own company is clearly better positioned in regard to cost savings, in comparison to 11% of those without PIM systems. 6 The manufacturers primarily see their potential here in translation and catalog costs (see section on localization) ROI of Product Data for Multichannel Commerce 21
24 Localization Localization or customer specific adaptations of publications across various media, including catalogs, brochures and web shops, is a significant cost driver for retailers and manufacturers. As was described at the start of this section, all the respondents rate the significance of the cost pools for catalog production and translation as very high and the cost reduction potential among participants with PIM was rated as more significant and more likely to be implemented. The possibility of localizing information is illustrated by a comparison of the numbers of catalogs published by retailers and manufacturers. How many print catalogs do you publish per year (including language variants)? Do you use the same descriptions (long text) in your print catalog and your web shop? Figure 50: Reusability of long text in web and print Along with the reusability of text, the possibility of using the same images also increases with PIM. Respondents also give a clear picture here and confirm the increase in such multiple usage. Do you use the same images (originating from same source image) in print and web shops? Figure 51: Reusing images Figure 49: Number of print catalogs with/without PIM Retailers and manufacturers with PIM clearly publish more catalogs than comparable market participants. The assumption that associated costs can be greatly reduced using PIM is confirmed; the readiness of these respondents to implement more language versions (which brings with it the potentials identified in this context above), and by the change in the extent to which information can be integrated and reused in print and on the web. This shows clearly an increase for those with PIM and therefore reduces time and effort. Reducing agency costs, translation expenses and the costs of creating print catalogs (not to mention printing costs) represents a great challenge for all retailers and manu-facturers. The study clearly shows that users of PIM have clear advantages, even taking into account the slight differences in the quantity structures and focal points between retailers and manufacturers. The respondents confirm that in the optimization chain of the PIM business case based on unified data management and the accelerated onboarding of suppliers and their master data, the localization of catalogs and web shops is a third cost reduction component. 22
25 PIM: The Optimization and Change Tool All the results of the study confirm the hypothesis that Product Information Management, as a systematic procedural model and trendsetting technology, supports the optimization of organizational and business processes for retailers and manufacturers, promotes new market entry scenarios and business models and at the same time opens up wide-ranging potential for cost reductions. It is very evident that procedural models covering several business areas have the greatest effect. In this context, company-wide change management is needed to support the potential of the business case for Product Information Management. The answer to the question as to which areas are responsible for product information, product management and master data administration can be seen and plays a particularly important role for retailers. Responsibility for product information and product range Retailer / Wholesaler / Distributor Responsibility for product information and product range Manufacturers Figure 53: Responsibility for data quality management, manufacturers When comparing the answers given by retailers with and without PIM, 52% of the PIM users say that product management was responsible for data quality management. Who is responsible for data quality management in your company? Retailer/... Figure 54: Responsibility for data quality, retailers Figure 52: Responsibility for product information, retailers For manufacturers, the responsibility is more clearly in the hands of marketing rather than product management or e-commerce. In answer to the same question, 34% of the respondents from manufacturing cite marketing and product management, followed by IT with 24%. Who is responsible for data quality management in your company? Manufacturer Figure 55: Responsibility for data quality management in your company ROI of Product Data for Multichannel Commerce 23
TURNING DATA INTO BUSINESS. Leading Companies run Heiler Software
Leading Companies run Heiler Software KRAMP FOCUSES ON LONG TAIL AND EFFICIENT CUSTOMER RESPONSE IN ITS E-COMMERCE STRATEGY Tines, hand tools and hydraulic motors are the order of the day at Kramp. Spare
More informationThe Requirements for Universal Master Data Management (MDM) White Paper
The Requirements for Universal Master Data Management (MDM) White Paper This document contains Confidential, Proprietary and Trade Secret Information ( Confidential Information ) of Informatica Corporation
More informationPIM for Search Engine Optimization
White Paper PIM for Search Engine Optimization 5 Ways to Supercharge your SEO with PIM This document contains Confidential, Proprietary and Trade Secret Information ( Confidential Information ) of Informatica
More informationWebSphere Commerce V7 Management Center
Juha Nevalainen WebSphere Commerce Technical Specialist April 20 WebSphere Commerce V7 Management Center Introduction Proof of Technology Agenda What is WebSphere Commerce WebSphere Commerce Focus Areas
More informationPIM 360º AN OVERVIEW. Enterprise Product Information Management White Paper Chapter 1 1
CONTENT What is PIM 360º?... 2 What exactly does PIM 360º mean?... 2 Data integration... 2 Data management... 2 Multichannel business... 3 Consulting and Implementation... 3 Heiler Software... 4 Enterprise
More informationChoosing the Right Master Data Management Solution for Your Organization
Choosing the Right Master Data Management Solution for Your Organization Buyer s Guide for IT Professionals BUYER S GUIDE This document contains Confidential, Proprietary and Trade Secret Information (
More informationDelivering information-driven excellence
Delivering information-driven excellence UNLOCKING THE BENEFITS OF Multi-domain Master Data Management In a highly competitive, global economy where data is now a core enabler, industry leaders are increasingly
More informationB2B E-Commerce Solutions Empower Wholesale Distributors
SAP Thought Leadership Paper Wholesale Distribution B2B E-Commerce Solutions Empower Wholesale Distributors Achieve Interaction Excellence with Outstanding Online Experiences and High-Quality Digital Content
More informationInformatica Cloud MDM for Salesforce: Hierarchy Management. White Paper
Informatica Cloud MDM for Salesforce: Hierarchy Management White Paper This document contains Confidential, Proprietary and Trade Secret Information ( Confidential Information ) of Informatica Corporation
More informationVehicle Sales Management
Solution in Detail Automotive Executive Summary Contact Us Vehicle Sales Optimizing Your Wholesale Business Efficient Sales Collaborative Operation Faced with declining margins, automotive sales organizations
More information2012 State of B2B E-Commerce
2012 State of B2B E-Commerce Executive Summary As digital commerce has transformed all commerce over the last decade, customers have been offered increasing control over their buying experience. Ease of
More informationHOW TO TURN 9 RETAIL IT CHALLENGES INTO 9 BUSINESS OPPORTUNITIES
HOW TO TURN 9 RETAIL IT CHALLENGES INTO 9 BUSINESS OPPORTUNITIES Intro According to a recent market study on be the main driver of total retail sales Embracing mobility the state of the retail sector that
More informationperspective Customer Relationship Management Solutions for effective Customer & Dealer Management Abstract
perspective Customer Relationship Management Solutions for effective Customer & Dealer Management Abstract Large numbers of OEMs / auto manufacturers are looking for integrated ways to manage their customers.
More informationWhite Paper. An Introduction to Informatica s Approach to Enterprise Architecture and the Business Transformation Toolkit
White Paper An Introduction to Informatica s Approach to Enterprise Architecture and the Business Transformation Toolkit This document contains Confidential, Proprietary and Trade Secret Information (
More informationCUSTOMER RELATIONSHIP MANAGEMENT
3-02-70 INFORMATION MANAGEMENT: STRATEGY, SYSTEMS, AND TECHNOLOGIES CUSTOMER RELATIONSHIP MANAGEMENT Ken Liang and Houston H. Carr INSIDE Customer Relationship Management; Information Technology and CRM;
More information26/10/2015. Enterprise Information Systems. Learning Objectives. System Category Enterprise Systems. ACS-1803 Introduction to Information Systems
ACS-1803 Introduction to Information Systems Instructor: Kerry Augustine Enterprise Information Systems Lecture Outline 6 ACS-1803 Introduction to Information Systems Learning Objectives 1. Explain how
More informationRiversand Technologies, Inc. Powering Accurate Product Information PIM VS MDM VS PLM. A Riversand Technologies Whitepaper
Riversand Technologies, Inc. Powering Accurate Product Information PIM VS MDM VS PLM A Riversand Technologies Whitepaper Table of Contents 1. PIM VS PLM... 3 2. Key Attributes of a PIM System... 5 3. General
More informationCase Study: How a Scalable E-Commerce Platform Supports Growth
Case Study: How a Scalable E-Commerce Platform Supports Growth Featuring: Steve Miller, Xcentium; Randy Higgins, Insite Software Moderated by: Jenel Stelton-Holtmeier, Modern Distribution Management Sponsored
More informationInformatica Master Data Management
Brochure Informatica Master Data Management Improve Operations and Decision Making with Consolidated and Reliable Business-Critical Data This document contains Confidential, Proprietary and Trade Secret
More informationConsolidating Multiple Salesforce Orgs: A Best Practice Guide. White Paper
Consolidating Multiple Salesforce Orgs: A Best Practice Guide White Paper This document contains Confidential, Proprietary and Trade Secret Information ( Confidential Information ) of Informatica Corporation
More informationRetail Analytics The perfect business enhancement. Gain profit, control margin abrasion & grow customer loyalty
Retail Analytics The perfect business enhancement Gain profit, control margin abrasion & grow customer loyalty Retail Analytics are an absolute necessity for modern retailers, it empowers decision makers
More informationMANAGING USER DATA IN A DIGITAL WORLD
MANAGING USER DATA IN A DIGITAL WORLD AIRLINE INDUSTRY CHALLENGES AND SOLUTIONS WHITE PAPER OVERVIEW AND DRIVERS In today's digital economy, enterprises are exploring ways to differentiate themselves from
More informationMulti-site ecommerce and your online strategy: Why launching multiple sites should be at the heart of your ecommerce strategy
Multi-site ecommerce and your online strategy: Why launching multiple sites should be at the heart of your ecommerce strategy Adopting a multi-site ecommerce strategy If you re an online retailer who is
More informationOracle istore. Deliver Intelligent, Personalized Customer Experiences
Oracle istore Oracle istore is the Enterprise E-Business Suite ecommerce application that provides a personalized, comprehensive and cost-effective Internet sales channel. istore is a key component of
More informationPoint of Sale - Bridge Your professional POS SAP Add-on
The POS Bridge is a SAP Add-on software designed to simplify the integration of SAP with a POS software. It provides a high quality interface with advanced tools by delivering operational intelligence
More informationCASE STUDY: UTILISING E-BUSINESS TECHNOLOGIES FOR MARKETING SUPPORT IN THE CE INDUSTRY
e-business W@tch European Commission, DG Enterprise & Industry E-mail: entr-innov-ict-ebiz@ec.europa.eu, info@ebusiness-watch.org This document is based on sector studies, special reports or other publications
More informationA Customer Centric Digital Platform For Utilities. A Joint Capgemini and Pegasystems Solution
A Customer Centric Digital Platform For Utilities A Joint Capgemini and Pegasystems Solution 2 A Customer Centric Digital Platform For Utilities Utilities the way we see it Utilities in a changing world
More informationMulti-site ecommerce and your online strategy. Why launching multiple sites should be at the heart of your ecommerce strategy
Multi-site ecommerce and your online strategy Why launching multiple sites should be at the heart of your ecommerce strategy Adopting a multi-site ecommerce strategy If you re an online retailer who is
More informationDEEP DIVE COMPARATIVE ANALYSIS OF E-COMMERCE TOOLS
DEEP DIVE COMPARATIVE ANALYSIS OF E-COMMERCE TOOLS Kumar Mallampalli Head Emerging Solutions and IT Services Table of Contents 1 Introduction... 2 2 The Challenges... 3 3 Solutions Options... 4 3.1 Open
More informationA Road Map to Successful Customer Centricity in Financial Services. White Paper
A Road Map to Successful Customer Centricity in Financial Services White Paper This document contains Confidential, Proprietary and Trade Secret Information ( Confidential Information ) of Informatica
More informationIntegrating CRM with ERP
Integrating CRM with ERP A by Benjamin Castro Copyright 2002, Baseline Consulting Group. All Rights Reserved. INTRODUCTION... 2 COMPANIES LOOKING FOR EFFICIENCY WILL TURN TO ERP VENDORS 3 COMPANIES LOOKING
More informationPresented In Conjunction With: Feature Sponsor
Presented In Conjunction With: Feature Sponsor Presented In Conjunction With: The Sale Is The Omni-Channel Retailers have come to realize the channel customers use to make purchases does not matter, because
More informationLecture Evaluation of Distribution Channels with Portfolio Analysis
Lecture Evaluation of Distribution Channels with Portfolio Analysis - Prof. Dr. Michael Schugk - 1 Definition of distribution management Distribution management covers the design of distribution channels,
More informationFinancial Services Sector: Missing Customer Expectations?
Financial Services Sector: Missing Customer Expectations? Independent Market Research Commissioned by June 01 Executive Summary: 77 global say the way they deal with companies has changed in the last 1
More informationNext-generation e-commerce for retail: How to optimize cross-channel marketing, sales and service.
Next-generation e-commerce for retail: How to optimize cross-channel marketing, sales and service. > ATTRACT AND RETAIN HIGHLY PROFITABLE CUSTOMERS > PROVIDE SEAMLESS CROSS-CHANNEL SHOPPING > EXTEND CAPABILITIES
More informationAdvance your CPQ selling process. Table of Contents. Product Brief Grow your business with product configuration management
Product Brief Grow your business with product configuration management Advance your CPQ selling process Your innovation and acquisitions result in more product variety, more options, and more customizations
More informationA Practical Guide to Legacy Application Retirement
White Paper A Practical Guide to Legacy Application Retirement Archiving Data with the Informatica Solution for Application Retirement This document contains Confidential, Proprietary and Trade Secret
More informationLukas Kerschbaum, Director Solution Engineering DACH Nicolas Berney, Senior Solution Engineer
Lukas Kerschbaum, Director Solution Engineering DACH Nicolas Berney, Senior Solution Engineer 1. hybris Overview 2. hybris B2C Customer Journey 3. hybris B2B Features 4. hybris MDM or PCM (Product Content
More informationPIM 360º FOR ECOMMERCE & MULTICHANNEL COMMERCE
CONTENT Product Information Managment (PIM) is the prerequisite for multichannel commerce... 2 Longtail... 3 Multi-site... 4 Changes in category management... 5 Summary... 6 Heiler Software... 7 Author:
More informationBringing Digital into Store, now and in the future
Bringing Digital into Store, now and in the future Neil Adamson Digital Commerce Lead Accenture Interactive Agenda The now An integrated store The future Recent history: multi/omni-channel Multi-channel
More informationInfor Rhythm for commerce E-commerce that s comprehensive, integrated, and beautifully-designed
TM Infor Rhythm for commerce E-commerce that s comprehensive, integrated, and beautifully-designed Deploy a digital experience that delights customers and drives meaningful business results Make online
More informationDRIVING B2B SALES IN THE AGE OF DIGITAL
DRIVING B2B SALES IN THE AGE OF DIGITAL DRIVING B2B SALES IN THE AGE OF DIGITAL WE RE ON THE CUSP OF A GENERATION SHIFT IN B2B PURCHASING. As Business-to-Business (B2B) buyers are exposed to innovative
More informationCRM in the Contact Center and the Emergence of the Unified Agent Desktop
CRM in the Contact Center and the Emergence of the Unified Agent Desktop An excerpt from Datamonitor s recent report, DMTC2207 SUMMARY Publication Date: September 2008 Contact centers face ever-increasing
More informationMagento for B2B: Powering Enterprise E-commerce
Magento for B2B: Powering Enterprise E-commerce September 26, 2012 Accelerating Revenue Through Technology ZEON SOLUTIONS INC. Today s Host David Hess Senior Business Development Manager ZEON SOLUTIONS
More informationWhat this topic is about. The purpose of marketing Different approaches to marketing Segmentation Niche &mass markets B2C & B2B marketing
Effective Marketing What this topic is about The purpose of marketing Different approaches to marketing Segmentation Niche &mass markets B2C & B2B marketing What is Marketing? The process of identifying,
More informationSponsor of the study: Holistic Customer Experience in the Digital Age
Sponsor of the study: Holistic Customer Experience in the Digital Age A Trend Study for Germany, France and the UK PAC 2015 Core findings 1 Everybody talks about digitization but few companies have a profound
More informationMaster Complexity with Apparel and Textile for Microsoft Dynamics AX 2012
Master Complexity with Apparel and Textile for Microsoft Dynamics AX 2012 White Paper This paper discusses how the makers and distributors of apparel and textiles can integrate item and process information,
More informationSubscription Business 2.0
WHITE PAPER Subscription Business 2.0 Is your business ready for it? GET IN TOUCH (844) 4OB-SOFT sales@onebillsoftware.com 2015 OneBill www.onebillsoftware.com 1 What is a Subscription 2.0 Billing Platform?
More informationEpiserver Digital Experience Cloud Omni-Channel Digital Commerce for Dynamics AX
Episerver Digital Experience Cloud Omni-Channel Digital Commerce for Dynamics AX Power closed-loop digital commerce helping retailers sell online faster and more easily Online marketing and digital commerce
More informationMDM, PIM, MAM, DAM, PDM, PLM, PCM, ERP, CMS, W2P, CRM, CMP, WCM, DBP, SSP, MFP? What is what and what is it for?
MDM, PIM, MAM, DAM, PDM, PLM, PCM, ERP, CMS, W2P, CRM, CMP, WCM, DBP, SSP, MFP? What is what and what is it for? Which System and which Approach solves my Multichannel Publishing challenge in respect of
More informationMANAGING MASTER DATA & DATA QUALITY
CONTENT Data Quality Management (DQM) as part of the MDM Strategy... 3 The DQM Tools... 4 (Data) Quality Gates... 4 Status of Concepts and Validation Rules... 4 System-Side User Support... 4 Reporting
More informationAn Oracle White Paper March 2011. Reinventing the Web Channel to Maximize B2B Sales and Customer Satisfaction
An Oracle White Paper March 2011 Reinventing the Web Channel to Maximize B2B Sales and Customer Satisfaction Introduction Today s business-to-business (B2B) organizations are looking with renewed urgency
More informationUniserv Data Management
Uniserv Data Management MARKETS & ISSUES CUSTOMER DATA MANAGEMENT IN MARKETING AND SALES CHALLENGE A targeted customer approach and sustainable customer loyalty are decisive competitive advantages in today
More informationWhat Your CEO Should Know About Master Data Management
White Paper What Your CEO Should Know About Master Data Management A Business Use Case on How You Can Use MDM to Drive Revenue and Improve Sales and Channel Performance This document contains Confidential,
More informationJumpStart Platform Briefing. Carlo Rimini, Snow Valley
JumpStart Platform Briefing Carlo Rimini, Snow Valley Snow Valley complete e commerce partner MUSE Platform Website Operations User Experience Performance Tuning MUSE e commerce platform MUSE portal
More informationPortaltech Reply: A target functional architecture for successful international trading
Portaltech Reply: A target functional architecture for successful international trading Introduction The international business challenge Target architecture Recommendations Q&A Overview Portaltech enables
More informationInformatica Procurement
Brochure Informatica Procurement Version 7.3 (English) This document contains Confidential, Proprietary and Trade Secret Information ( Confidential Information ) of Informatica Corporation and may not
More informationConnecting e-commerce and Digital Marketing COMMERCE. Commerce beyond boundaries
Connecting e-commerce and Digital Marketing COMMERCE Commerce beyond boundaries Connecting ecommerce and Digital Marketing I can launch a new campaign and drive sales within hours of spotting a new trend
More information".,!520%'$!#)!"#$%&!>#($!#)! <*+,-(./0!/+!567!5+:,($2,+$! @,'/(/#+(!
".,!520%'$!#)!"#$%&!>#($!#)!
More informationLead the Retail Revolution.
Lead the Retail Revolution. The retail industry is at the center of a dramatic shift in the way consumers shop and interact with their retailers. After hundreds of years of customers going to the store,
More informationMaster Data Management What is it? Why do I Care? What are the Solutions?
Master Data Management What is it? Why do I Care? What are the Solutions? Marty Pittman Architect IBM Software Group 2011 IBM Corporation Agenda MDM Introduction and Industry Trends IBM's MDM Vision IBM
More informationProduct Information Management and Enterprise Applications
White Paper Product Information Management and Enterprise Applications PIM Complements PLM, ERP, and Other Applications in Your Organization An Executive Overview www.enterworks.com Introduction There
More informationOnline And Mobile Are Transforming B2B Commerce Firms That Act Now Will Gain Appreciably, Companies That Don t Will Fall Farther Behind
A Forrester Consulting Thought Leadership Paper Commissioned By hybris October 2013 Online And Mobile Are Transforming B2B Commerce Firms That Act Now Will Gain Appreciably, Companies That Don t Will Fall
More informationExecutive Summary...3 A Broader Approach to Customer Relationship Management...6. The Elements of a Formal CRM Strategy... 9
CAP Dynamic Content Software Strategies Consulting Service December 31, 2002 You Can t Build CRM Without Content Dynamic Content Solutions As A Key Requirement for Customer Relationship Management Initiatives
More informationChapter 5. B2B E-Commerce: Selling and Buying in Private E-Markets
Chapter 5 B2B E-Commerce: Selling and Buying in Private E-Markets Learning Objectives 1. Describe the B2B field. 2. Describe the major types of B2B models. 3. Discuss the characteristics of the sell-side
More informationContinuous Customer Dialogues
Continuous Customer Dialogues STRATEGIES FOR GROWTH AND LOYALTY IN MULTI-CHANNEL CUSTOMER-ORIENTED ORGANIZATIONS whitepaper TABLE OF CONTENTS: PAGE Overview...3 The Continuous Customer Dialogue Vision...4
More informationBest-Run Dealer Business Management
Solution in Detail Automotive Executive Summary Contact Us Best-Run Dealer Business Next Generation of Retail Auto Dealers Auto Retail Transformation Customer Centricity Today s auto dealers consistently
More informationContent, E-Commerce, and the Future of Distribution
December 4, 2014 Content, E-Commerce, and the Future of Distribution Jason Hein Codifyd.com Introduction Principal consultant at Codifyd 17+ years experience in distribution 4.5 years at AmazonSupply Launched
More information1.Because e-commerce is ubiquitous it reduces A. marketspace. B. transaction costs. C. dynamic pricing. D. price discrimination.
1.Because e-commerce is ubiquitous it reduces A. marketspace. B. transaction costs. C. dynamic pricing. D. price discrimination. 2. The ability of consumers to use the Internet to discover the actual costs
More informationE-commerce in India Response to Discussion Paper circulated by DIPP. Amit Prabhu
E-commerce in India Response to Discussion Paper circulated by DIPP Amit Prabhu Disclaimer The author is a Chartered Accountant, working as senior finance executive in a Private Enterprise. The views expressed
More informationMonetizing Mobile Applications How to maximize investment, move up the value chain and expand into new markets
Monetizing Mobile Applications How to maximize investment, move up the value chain and expand into new markets Strategic White Paper Network providers are well aware of the challenges presented by today
More informationFrom Brick to Click: E-Commerce Trends in Industrial Manufacturing
Cognizant White Paper From Brick to Click: E-Commerce Trends in Industrial Manufacturing The Internet s large-scale global penetration has spawned an increasingly large number of technology- and Web-savvy
More informationSupplier Selection Guide: Choosing an IT System For Multichannel Retail
Supplier Selection Guide: Choosing an IT System For Multichannel Retail Choosing an IT System for Multichannel Retail Choosing a New IT System For Multichannel Retail Introduction changing different elements
More information10+4 Principles to Capture Your Customer Experience
Creating a Customer-Focused Customer Experience Journey Map 10+4 Principles to Capture Your Customer Experience Jim Tincher, Principal Consultant Jim@HeartoftheCustomer.com Creating a Customer-Focused
More informationWhite Paper. Data Quality: Improving the Value of Your Data
White Paper Data Quality: Improving the Value of Your Data This document contains Confidential, Proprietary and Trade Secret Information ( Confidential Information ) of Informatica Corporation and may
More informationKey strategic challenges in B2B e- commerce
Key strategic challenges in B2B e- commerce Global Headquarters: 5 Speen Street Framingham, MA 01701 USA P.508.988.7900 F.508.988.7881 www.manufacturing-insights.com WHITE PAPER Sponsored by: Hybris Pierfrancesco
More informationTo comment on these KPIs: email abeers@aicpa.org
GARTNER/EBRC KPI INITIATIVE This initiative will identify and develop industry standard measures that are predictive of corporate performance. There is a difference between identifying such measures and
More informationMulti-Channel system by Studio Moderna
Multi-Channel system by Studio Moderna Studio Moderna Branko Blecic Executive Director The Studio Moderna Story History Company Overview Today Reasons for Success History History/Evolution 1992 1996 2002
More informationCPG Sales Leaders Go Multichannel A Guide To CPG Sales And Channel Management In A Digital World
A Forrester Consulting Thought Leadership Paper Commissioned By Accenture January 2015 CPG Sales Leaders Go Multichannel A Guide To CPG Sales And Channel Management In A Digital World Table Of Contents
More informationIntegration and Infrastructure Software White Paper. Deploying a single, consolidated platform for e-commerce
Integration and Infrastructure Software White Paper Deploying a single, consolidated platform for e-commerce August 2005 Page 2 Contents 2 Introduction 2 The evolving challenges of e-commerce 4 Good candidates
More informationE-BUSINESS RELATIONSHIP MANAGEMENT
I International Symposium Engineering Management And Competitiveness 2011 (EMC2011) June 24-25, 2011, Zrenjanin, Serbia E-BUSINESS RELATIONSHIP MANAGEMENT Danilo Obradović * Higher School of Professional
More informationPARADIGM OR PARADOX? A
DYNAMIC PRICING: PARADIGM OR PARADOX? A White Paper on Dynamic Pricing practices and methodologies, and their applicability to e-commerce strategies. Copyright 2000-2006 Pricedex Software Inc. All rights
More informationThe New Data Integration Model. The Next Real B2B Integration Opportunity for System Integrators & VARs
The New Data Integration Model The Next Real B2B Integration Opportunity for System Integrators & VARs 2 In this E-book This E-book highlights a new framework called the New Integration Model created to
More informationAUTOMOTIVE AND SERVICE PARTS
TURBOCHARGE PROFITS IN A COMPETITIVE INDUSTRY Unlock Your Data Unleash Your Sales Photo by Norbert Aepli, Switzerland. Exciting new technologies bring greater complexity to the Automotive and Service Parts
More informationINTEGRATED RETAIL SOLUTIONS: INCREASING PROFIT MARGINS THROUGH IMPROVED OPERATIONS
INTEGRATED RETAIL SOLUTIONS: INCREASING PROFIT MARGINS THROUGH IMPROVED OPERATIONS Combining POS and Back-Office Systems to Achieve New Visibility and Control EXECUTIVE SUMMARY Retailers worldwide today
More informationBuild a Customer-Focused Digital Strategy
Build a Customer-Focused Digital Strategy Featuring: Mike Rowland, Director of Digital Strategy, West Monroe Partners Brian Strojny, Co-Founder, Executive VP, Insite Moderated by: Thomas P. Gale, Publisher,
More informationBe Direct: Why A Direct-To- Consumer Online Channel Is Right For Your Business
A Forrester Consulting Thought Leadership Paper Commissioned By Digital River May 2014 Be Direct: Why A Direct-To- Consumer Online Channel Is Right For Your Business 1 Table Of Contents Executive Summary...2
More informationRight Time Revenue Optimization
More Revenue, Faster Right Time Revenue Optimization More Revenue, Faster Summary: The Short List Here s our suggested short list from this paper: What is right time revenue optimization? It s marketing
More informationThe Advantages of a Golden Record in Customer Master Data Management
Golden Record The Advantages of a Golden Record in Customer Master Data Management Dr. Wolfgang Martin, Analyst Master data describes the components of a company: its customers, suppliers, dealers, partners,
More informationACS-1803 Introduction to Information Systems. Enterprise Information Systems. Lecture Outline 6
ACS-1803 Introduction to Information Systems Instructor: David Tenjo Enterprise Information Systems Lecture Outline 6 1 Learning Objectives 1. Explain how organizations support business activities by using
More informationCUSTOMER CASE AHLSELL GROUP. Ahlsell and Aptean make it easy to do business. www.aptean.com
CUSTOMER CASE AHLSELL GROUP Ahlsell and Aptean make it easy to do business CUSTOMER CASE AHLSELL 2 Göran Näsholm Group President and CEO Gunnar Haglund Vice President and CFO Established in 1877, Ahlsell
More informationTop Five Ways to Ensure that Your CoE is an Ongoing Success. White Paper
Top Five Ways to Ensure that Your CoE is an Ongoing Success White Paper This document contains Confidential, Proprietary and Trade Secret Information ( Confidential Information ) of Informatica Corporation
More information[Big]-Data Analytics for Businesses SESSION 1
Theos Evgeniou; Professor of Decision Sciences [Big]-Data Analytics for Businesses SESSION 1 Five Key Takeaways 1. It is now possible to make evidence based, data driven decisions in increasingly more
More informationWinning with EPiServer
Winning with EPiServer Doing what no one else is doing Digital Marketing E-Commerce Improving customer experience by combing e-commerce and digital marketing software Doing what no one else is doing Customer
More informationIBM Software A Journey to Adaptive MDM
IBM Software A Journey to Adaptive MDM What is Master Data? Why is it Important? A Journey to Adaptive MDM Contents 2 MDM Business Drivers and Business Value 4 MDM is a Journey 7 IBM MDM Portfolio An Adaptive
More informationFour distribution strategies for extending ERP to boost business performance
Infor ERP Four distribution strategies for extending ERP to boost business performance How to evaluate your best options to fit today s market pressures Table of contents Executive summary... 3 Distribution
More informationBrochure. Informatica PIM. Version 7.1 (English)
Brochure Informatica PIM Version 7.1 (English) Brochure Table of Contents Overview of Informatica PIM... 2 Informatica PIM - Data Integration... 4 Informatica PIM - Authoring... 10 Informatica PIM - Web...
More informationE-retailing Project. E-retailing - An Exciting Opportunity for the Logistics Sector
E-retailing Project E-retailing - An Exciting Opportunity for the Logistics Sector May 2012 Goodman E retailing Research Report About Transport Intelligence Headquartered in the UK, Ti is one of the world
More informationSAP Supplier Relationship Management
SAP Supplier Relationship Management Custom-made IT-Solutions www.ba-gmbh.com Supplier Relationship Management Optimization of your purchasing processes In your company also lies valuable potential in
More informationPURCHASING DEPARTMENTS PRIORITIES AND FOCUS FOR THEIR EPROCUREMENT STRATEGY
PURCHASING DEPARTMENTS PRIORITIES AND FOCUS FOR THEIR EPROCUREMENT STRATEGY "e-procurement tools are designed to support corporate procurement strategy. Fully automating the Procure-to-Pay process enables
More information