In recent posts we explored the importance of fast and efficient product data acquisition processes, and how getting them right helps your business improve time to market and customer experience. There has never been a greater imperative to make sure your online product content stands out from the crowd. It needs to… Read More »Emerging themes in product data acquisition and onboarding
In previous articles, we’ve already seen the importance of maintaining high standards when onboarding product data for internal treatment and enhancement or when pushing product data out to channels where the end user ultimately decides if it is suitable or not for making a purchasing decision. There are many capabilities and… Read More »What capabilities are needed by retailers and distributors in the product data acquisition and syndication space?
When it comes to product data, legacy processes usually involve the cumbersome and time-consuming processing of data of various formats in order to onboard incoming information from suppliers, vendors and sellers. Until recently, there have been very few efforts to create a solution guaranteeing universally managed connectivity and content. Compliance… Read More »The Product Data Value Chain: What is product data acquisition and syndication?
Figures from numerous sources indicate that over 30% of British consumers are shopping more online now than during the recent lockdown. The message for retail couldn’t be clearer – digital retail is here to stay and being (or becoming) a truly data driven organisation is what will mark the difference during a… Read More »Retailers can enable digital transformation through a data-driven culture
A quick look at the news headlines tells us that retail is facing perhaps its greatest challenge ever. Rapid changes in consumer behaviour has been overlaid with the drastic impact of the Covid-19 pandemic on physical retailing. Additionally, there’s been a widespread adoption by previous non-users to online shopping and… Read More »How enhancements in product data technologies can drive cost savings and efficiencies for retailers
Exploding Information We have seen an information explosion in retailing over the last twenty years. Customers can now search for, select, and buy products via a range of user-friendly and intuitive online interfaces. Moreover, they expect faster, pain-free product experiences, where everything is easy, quick and convenient. That has meant… Read More »From considered to conscientious consumers – the role product data plays
Covid-19 has triggered an upheaval in the retail industry, causing many retailers to urgently ramp up their online offering. eCommerce is already well- established in mature economies worldwide, so any digital strategies which are behind the curve are very quickly having to address weaknesses. Regardless of the changes wrought by… Read More »Future trends in retail and how a product data strategy can help retailers adapt
If you’re looking to digitally transform your distribution business, you need a technology-enabled approach where all departments work hand in hand to guarantee the best possible quality for your product data. That is, its uniformity, accuracy, reliability and, above all, governance. In a nutshell, you’re aiming for smooth ingestion of product data,… Read More »Product data management technology for industrial distributors to scale and improve customer experience
Scalability is becoming a key component of any industrial distributor’s growth strategy. It opens opportunities for maximising revenue from product range extension and diversification. It also significantly improves competitive advantage by reducing Time to market considerably for new products or variants. If distributors are to compete in an increasingly fragmented and… Read More »Scale and improve product data management processes in industrial distributors
If you’re in the industrial distribution game, your competitive advantage stands or falls on three attributes; Operational excellence and agility The quality of the experience you provide for customers and suppliers Your perceived (and real) value in a rapidly changing operating environment These aspirations are inextricably linked to the way… Read More »How a product data governance strategy can drive value for industrial distributors