TRENDS
Product Master Data Management met ConnectingTheDots PIM.
November 1, 2024 · 5 min read
In addition to our PIM solution for managing commercial product information, ConnectingTheDots also has a solution for managing Product Master Data Management.
But what is Master Data Management or MDM? Master Data Management is used to manage the business-critical part of your product information. This includes article numbers of products, price information, product lifecycle management or the inventory information of a product. In combination with commercial product information such as USPs, images and product descriptions, this creates the complete picture of a product.
Because the Product Master Data Management solution within ConnectingTheDots PIM is designed to manage both commercial product information and critical product information, we are able to tackle more challenging product management issues. In popular terms, product master data forms the core of the product information. By not only managing the Product Master Data as is, but also offering the possibility to apply logic to Product Master Data information, countless possibilities arise to provide a solution to more complex Product Master Data Management issues.
Below are some of the Product Master Data Management capabilities offered by ConnectingTheDots PIM:
Possibility for price calculation in ConnectingTheDots PIM.
Based on price rules, prices can be calculated. Think of customer-specific prices, (advisory) prices for a specific market or promotions / scales.
Product Lifecycle Management in ConnectingTheDots PIM.
Manage the change management process of products via product life cycle management. Based on a structured process and driven by logic in PIM, updates from external systems or manual intervention, each product goes through its life cycle.
Managing multiple suppliers (or sources) on an article number in ConnectingTheDots PIM.
Each product is classified based on article number, for example EAN, GTIN, OEM. Based on a unique product ID, multiple suppliers or sources such as a content broker, can be brought together and recorded on one and the same product in PIM.
Reference data in ConnectingTheDots PIM.
Certain product categories can’t do without data that maps them to another product. For example, a cylinder head that only fits a certain type of engine, or a smartphone case that only fits an iPhone X. Reference data provides managed products with this necessary addition.
Want to learn more about Product Master Data Management?
We would love to show you in a demo what ConnectingTheDots PIM can do for you in the field of Master Data Management. We would also love to visit you for a personal conversation. Because we enjoy that and we always learn something from it. Contact us to make an appointment!
Frequently asked questions about MDM.
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Wat is Product Master Data Management?
Product Master Data Management helps companies create a single source of truth for all their products. It helps manage and distribute all master data of all products to different partners and sources.
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What are the benefits of ConnectingTheDots Product Master Data Management?
ConnectingTheDots Product Master Data Management provides companies with a single source of truth for all their product data. The system ensures accuracy, reduces errors and saves time.
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Where can I find more information about Product Master Data Management?
Want to learn more about how Master Data Management can improve your business processes? Feel free to contact us!
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