ETIM 9.0 has been released – what should be considered?
Since December 2022 there is a new update to ETIM 9.0. Almost 5000 change requests submitted from 20 countries have been processed, 200 new classifications are included in the new version.
Enterprise Resource Planning (ERP) is used in many companies. Product Information Management (PIM) is also a database. Reason enough to ask the question: Why do we need a PIM when an ERP is in operation?
We are trying to shed light on the various ways in which both systems work. Above all, the question of how a PIM differs from an ERP.
We have already explained what a PIM system can do in this article.
Here again the most important functions are summarized:
An ERP (Enterprise Resource Planning) software consists of several modules. It serves the planning and control of processes that arise in companies. Various business applications and operating data are stored in a central database, communicate with each other and are processed from there.
The most important functions of an ERP system:
In summary, an ERP system displays information on materials management, production planning and controlling, finance and accounting. This enables ERP systems to map complex processes.
In order to answer the introductory question, a number of aspects need to be clarified. We have already noted that the two systems refer to different business processes.
The ERP software collects and integrates data in one system and in real time. Important sales-related business processes are managed and optimized in this software.
Of course, product information is also collected in the ERP, but it cannot be used for marketing, as the data is insufficient in scope and quality. There is often a lack of the technical possibilities to enrich the information, or of the organisation of collaboration, e. g. when the access authorization of specialists to the ERP is not allowed.
By integrating interfaces, it is possible for both systems to correspond with each other. The ERP provides quantitative information and the PIM system ensures the quality of the data. Product descriptions can be designed in high quality, but also the resolution of photos and descriptions are processed in the PIM and are available in the best quality. A PIM does not replace an ERP system, but always puts the product in the foreground and ensures faster time to market. Read our article ROI in PIM projects.
“In retail, a PIM system speeds up the introduction of a new product by up to 400%. ”
Source: Data-Talks, “How PIM & MDM Boosts eCommerce KPIs”, 2020
The ERP system organises business processes, centralises information and controls inventories, prices and orders. A PIM system centralizes and manages product information from a variety of sources. The enrichment and improvement of product data takes place in PIM systems and thus provides a significant competitive advantage.
Sign up for a non-binding online demo. Our experts will be happy to show you the benefits with practical examples.
More articles:
Since December 2022 there is a new update to ETIM 9.0. Almost 5000 change requests submitted from 20 countries have been processed, 200 new classifications are included in the new version.
We highlight the key challenges retailers and manufacturers face when targeting their e-commerce offerings in new markets and explain why a PIM system is the foundation for international expansion.
Manually collecting product data from numerous suppliers and manufacturers can result in very time-consuming and error-prone processes for retailers. We show how retailers can use intelligent supplier onboarding to transfer product data quickly and securely, thereby ensuring scalable workflows.
Due to their enormous reach, online marketplaces are increasingly being taken into account in B2B and
B2C when designing their own e-commerce strategy. We show which online marketplaces are leading in
Germany and give you tips on how to market your products successfully on them.
Wir zeigen auf, weshalb Printmedien in einer Welt, in der Verbraucher mit digitaler Überflutung
konfrontiert sind, weiterhin innovative Wege für die Markenkommunikation darstellen – und wie
Unternehmen Ihre Print-Publikationen mittels Database Publishing maximal effizient gestalten.
More and more companies are turning to video marketing as part of their digital marketing strategy. With good reason, as it turns out. But how can the increasing demands on multimedia content be mastered successfully? And how can the increasing amounts of data be managed efficiently?
2023 © Copyright prodexa GmbH
Find out more about prodexa Cloud for your industry in a non-binding and individual product tour.
prodexa Cloud im Report von “The Group of Analysts” – jetzt kostenlos runterladen.
prodexa Cloud im Report von “The Group of Analysts” – jetzt kostenlos runterladen.
prodexa Cloud “PIM with marketplace features” – download now for free (German version).
prodexa Cloud – “PIM for technical wholesale” – download now for free (German version).
prodexa Cloud for the industry “Tools & DIY” – download now for free (German version).
prodexa Cloud for the industry “Mechanical Engineering & Technology” – download now for free (German version).
prodexa Cloud for the industry “Construction Materials, Sanitary & HVAC” – download now for free (German version).
prodexa Cloud for the industry “Commerce & B2B” – download now for free (German version).
prodexa Cloud for the industry “Electronics & Cables” – download now for free (German version).
prodexa Cloud for the industry “Automotive & Vehicles” – download now for free (German version).