Home > Ask the Data management / BI Experts > Master data management Questions & Answers > Should we buy product information management (PIM) software?
Ask The Data Management Expert: Questions & Answers
EMAIL THIS

Should we buy product information management (PIM) software?

Jill Dyché EXPERT RESPONSE FROM: Jill Dyché

Pose a Question
Other Data Management Categories
Meet all Data Management Experts
Become an Expert for this site


Enterprise IT tips and expert advice
Digg This!    StumbleUpon Toolbar StumbleUpon    Bookmark with Delicious Del.icio.us    Add to Google


>
QUESTION POSED ON: 09 September 2008
We currently have an enterprise master data management (MDM) system. Is it possible that we'll eventually need product information management (PIM) software as well (as we grow)? What's the best way to make that judgment?

>
If you're already thinking about buying product information management (PIM) software, you are way too well-intentioned. Let me guess. You're the person who also decided to buy customer demographic data because marketing would probably need it, and your extract, transform and load (ETL) jobs into your data warehouse load the entire source system, not just the records that meet the business requirements. You're just too gosh darn nice for your own good.

So this might be painful for you to hear but I'm telling you this because I really like you and I want you to succeed. So here it is: Don't do PIM unless there's a business need. (Sorry, PIM vendors!) But really, if there's not a clear business need for PIM, the fact that your company is doing customer data integration (CDI) (and I'm sure you're doing it well, you over-achiever you) isn't enough to justify PIM.

When to buy product information management software

There are some clear business indicators that a PIM solution might be in order. Multiple product catalogs, different product categories and hierarchies, conflicting product definitions and names and others. Take a look at my answer to one of your fellow readers about what to consider before buying PIM software.

And then, if you really must, you need to understand the benefits of PIM software to your organization. Go have a conversation with some of your product managers, merchandisers or supply chain experts and ask them where it hurts. Let me guess. You've already done that. You are TOO nice!


Digg This!    StumbleUpon Toolbar StumbleUpon    Bookmark with Delicious Del.icio.us    Add to Google



RELATED CONTENT
Master data management
Six criteria for master data management (MDM) tool evaluation
Is it better to have a centralized or decentralized master data structure?
What's the cost of developing PIM software internally vs. externally?
What exactly is data governance and what falls under this category?
Can we leverage existing data quality tools for an MDM program?
How to get MDM pricing from a third-party before evaluating MDM vendors
How important are the different styles of MDM architecture?
What is the role of data quality tools in MDM?
Four must-have master data management project skills
Tips for planning a data governance strategy and MDM strategy

Product information management software
Six criteria for master data management (MDM) tool evaluation
What's the cost of developing PIM software internally vs. externally?
Top 13 master data management (MDM) buzzwords and definitions
Evaluating and selecting a master data management (MDM) vendor
MDM vendors improve data quality, stewardship, according to Gartner
How to get MDM pricing from a third-party before evaluating MDM vendors
How important are the different styles of MDM architecture?
Tips for planning a data governance strategy and MDM strategy
Can one MDM hub handle both customer and product data?
Do I need to buy software to do MDM?

RELATED RESOURCES
2020software.com, trial software downloads for accounting software, ERP software, CRM software and business software systems
Search Bitpipe.com for the latest white papers and business webcasts
Whatis.com, the online computer dictionary



Search and Browse the Expert Answer Center
Search and browse more than 25,000 question and answer pairs from more than 250 TechTarget industry experts.
Browse our Expert Advice

About Us  |  Contact Us  |  For Advertisers  |  For Business Partners  |  Site Index  |  RSS
SEARCH 
TechTarget provides technology professionals with the information they need to perform their jobs - from developing strategy, to making cost-effective purchase decisions and managing their organizations' technology projects - with its network of technology-specific websites, events and online magazines.

TechTarget Corporate Web Site  |  Media Kits  |  Site Map




All Rights Reserved, Copyright 2005 - 2009, TechTarget | Read our Privacy Policy
  TechTarget - The IT Media ROI Experts