SKU stands for “Stock Keeping unit”, represented as a number used by retailers to differentiate individual products and track inventory levels. It typically consists of a chain of eight alpha-numeric digits, and each product receives a different number based on various factors – price, type, manufacturer, style, size, and colour, to name a few common… Read More »SKUs in Retail
What is inventory management? Product inventory management is the business activity connected to ordering, stocking, and using products and materials. There are different types, such as raw materials, cycle inventory and MRO goods, and prioritising inventory helps companies control what and when they need to manufacture or order to fulfil ongoing customer demand. It’s a… Read More »Product inventory management: How does it work?
We spend countless hours visiting all kinds of sites, be they search engines, social media, sales platforms, websites, or news sources. When researching products, we will typically go to marketplaces, social media apps or comparison sites but the most notable growth area in eCommerce is D2C, using dedicated apps or sales platforms hosted by the… Read More »An overview of the best eCommerce platforms for manufacturers
eCommerce has become an integral part of our lives, whether it is shopping for food, buying tickets online, getting the latest smartphone or researching, selecting, and ordering large items like white goods or furniture for our homes. The relationship between buyers and sellers is becoming closer as the tools for enhancing the product and customer… Read More »Advantages and disadvantages of eCommerce for businesses and Consumers
A rapid increase in accessibility, ease of transaction, a vast range of products, personalised offers, absence of physical constraints makes online shopping highly attractive, for businesses and customers alike. Even though many of the same challenges as in physical commerce exist, selling online is not only very accessible, but a great opportunity to sell into… Read More »Selling products online: how to do it successfully
Stock control is a process used to maintain the suitable quantity of stock for a business to be able to meet customer demand without delay, at the same time as minimising as far as possible the costs of holding stock. Stock control exists to ensure a business always has enough stock for customers. Of course,… Read More »A Guide to Stock Control; How to Improve It
Three in every ten pounds spent in the UK is spent online and international sales push that figure even higher. Unsurprisingly, since the pandemic the number of e\Commerce businesses has shot up 50%. If you’re one of those companies yet to take your business to the next level by establishing an online store, it can… Read More »The best eCommerce platforms
Data migration is the set of processes required to transfer data from a legacy data management system to a new system. In terms of product information management, these processes require profiling, selecting, preparing, extracting and transforming before loading to the new system and carrying out post-migration standards verification. What is a data migration plan? The… Read More »Data migration plan: verifying prerequisites for Data Migration
Ninety percent of start-ups in eCommerce go under within the first quarter. This stark statistic is due to numerous factors – slow page load speed, poor SEO searchability (insufficient relevant keywords), or lack of smartphone user-friendliness to name three. Failure is not an option nowadays, so choosing the most suitable eCommerce solution for your business’s… Read More »eCommerce solutions for small businesses
As modern omnichannel ecommerce becomes embedded in our purchasing habits, the need to offer customers an engaging and persuasive experience across all the channels you use requires a seamless consistency in the product information you provide at every touchpoint. Cross-departmental teams who collaborate seamlessly — sharing data and expertise as and when needed, work more… Read More »The role of PIM in promoting collaboration
Retailers, brands, manufacturers, and distributors are at the sharp end of an ongoing transformation in eCommerce. Technology-enabled capabilities are driving behavioural change among purchasers, so industry players are compelled to respond. To have a realistic chance of competing, digital transformation is no longer a choice of destination, but a necessity. That destination is in flux… Read More »Start your digital transformation journey with PIM
“People look at supply chain in pieces and it has to be looked at holistically. The way to truly analyse supply chain is {from} point of order to point of fulfilment and doing that in as lean a way as possible.” Karl Glassman, Chief Executive Officer, Leggett & Platt (diversified designer and manufacturer of engineered… Read More »Product information management in supply chain
Product data management needs to be at the centre of any retailer or distributor digital transformation strategy. A product data management strategy which embraces efficient processes, product data governance and scalable technologies not only adds value to the customer experience but eliminates a lot of business costs incurred throughout the product data lifecycle. Download your… Read More »eBook: The Product Data Ecosystem
The burgeoning eCommerce ecosystem along with the emergence of the truly digital customer means it is an existential necessity to start, continue or complete the transformation of your company to be digitally fit for purpose. In practical terms, that requires your business to address the practicalities behind business transformation – the principles, practices, and mindset… Read More »PIM & Digital transformation – the role of PIM
In this day and age, onboarding, processing, enriching, and distributing product information is still a time-consuming, frustrating, and never-ending affair for the majority of product-centric companies. If that’s what you’re doing at present, warning bells should be ringing – it doesn’t have to be like this! When should you implement PIM for your eCommerce business?… Read More »Is it ‘PIM time’ for your eCommerce?
