Advantage of having a Parts Management Catalog in a Central Repository

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Companies today are making it a point to improve their business strategies and systems. Management of products and their information is a key element in the overall success of the business. What businesses have realized is that having a Product or Parts management software takes care of a lot of tedious hassles effortlessly. A PIM (product information management) software is one that holds all the information regarding your products in a seamless manner ensuring consistency.

Choosing the right Parts Management Catalog Software is also important to consider as there are many software available today that claim to be the best. Premier software and service providers like Questudio offer MarketStudio which is a SAAS based PIM software. MarketStudio has benefited several companies in various fields like building materials, electronics, government, food, healthcare, etc.

The important factor about MarketStudio is the Central Repository that is created uniquely for every business. This means that all your product information will be in one place and managed from here itself.

So let’s see how having a parts management catalog with a central repository will benefit your business and bring you success.

-         Better management of all your products

When you are an expanding business enterprise that is constantly innovating, your products are bound to increase. This means that all this new information needs to be handled expertly so that disorganization does not creep up. When the central repository is created it uploads all your product information in it. This will include details like price, color, images, weight, height, etc. Having a central repository makes it very easy for your expanding business to continue working seamlessly. All new products can be added, edited, or updated with easy steps that can be handled by any level employee of your organization.

As the data is stored in a central location it automatically is consistent and unique. This data can be accessed by employees as well as customers from anywhere in the world.

-         Customer satisfaction

As mentioned above, having a central repository to store all your product information means that your data is always consistent. This leads to customer satisfaction as well. When customers across the world check out your website and see your product information displayed, it shows them the right data at all times. Any changes made to the system are immediately reflected on the site and so customers will always be able to make the right purchasing choice. This in turn will reduce the product returns and even complaints from the customer. A happy customer is always what a business wants as it leads to brand loyalty, increase in customer base, and word-of-mouth publicity.

-         Increases efficiency

Having a PIM software helps your employees to better utilize their time for other productive work. Manual data entry and management is a tedious and possible error-laden process. With the help of the central repository in the parts management system, this process is quick, efficient, and error-free. Inventory is always in updated mode and always consistent.

-         Multi-channel publishing made easy

With the parts management catalog, it is extremely easy to create several catalogs for your products, product categories, etc. These catalogs can be created for various themes, events, festivals, etc. MarketStudio allows you to publish your catalogs over multiple channels in print or PDF format. This means that you can send product catalogs to your dealers and vendors quickly and at much lower costs than manual catalog creation and publishing. Apart from this, you can also publish your latest products across the internet through social media, emails, notifications, etc. so that potential customers can get attracted.

As you see, a parts management catalog in a central repository is a crucial player in the success of any business.