Inventory Management vs Product Information Management (PIM)

For the company buried in product data trying to navigate the waters of ecommerce, PIM software comes in like a gust that fills the sails.

Eureka!

There is a way to aggregate, organize and clean-up data without all the manual toil.

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What is Product (or Master) Data Management?

I had just inherited a new department into my organization, the Product Data Management (PDM) team.

Shortly thereafter I started getting calls from the CEO. We were missing customer deliveries due to problems in getting the correct, and complete data, into the systems which enabled us to manage bills of material and manufacture products.

While Product Data Management seemed to have been a rather basic function I quickly learned that their role and responsibilities were not understood, were undervalued, and yet were absolutely pivotal and essential to the ability of the entire company to operate.

This was one of many lessons I learned about this critical part of any organization.

What then exactly is Product, or Master, Data Management?

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Navigating Global Events: Leveraging an Electronic Component Database for Supply Chain Success!

Global events can impact supply chains, affecting the flow of materials. Events like natural disasters and economic crises have demonstrated the vulnerability of global supply chains. Companies increasingly turn to the electronic component database to mitigate the risks and ensure a resilient supply chain. 

These databases provide essential information on electronic components, availability, pricing and sources. Read on to discover how an electronic component database can be a game-changer for supply chain management during such events.

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