Advantage of having a Parts Management Catalog in a Central Repository

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.

How to expand your business with Catalog Management Software and a Central Repository?

Have you reached a stagnant point in your business and feel you need to innovate to achieve success? Does the expansion of your business feature in your scope of innovative ideas at the moment?

If yes, then you would need to put in some strategic features to overcome your present challenges. Businesses across the world are all changing their structure to be more visible in this digital age. Making the most of the digital tools available is what has made a major difference in the success of most businesses.

Let’s see how certain digital tools are key in bringing about your business expansion success.

The First step to conversion

Any venture that wants to get online needs to be converted into an e-Commerce business. You need your products to be showcased to the world through a single point. This will be your website. Changing from a brick-and-mortar store to an online business means that you can no longer showcase your products physically. 

With the help of Catalog Management Software, digitizing your business is quite easy and uncomplicated. Premium software tools from Questudio like MarketStudio have all the inbuilt tools that make your business transition easy.

Central Repository

Even though you will find several catalog management software in the market today, it is essential that you get the right one for your business. A central repository created in MarketStudio is a key difference you will notice from other software.

Expansion of a business would require all your offices and your products to be centrally located online so that retrieval of any information becomes quick and easy. This crucial element in the construction of your online product management system brings about a positive change.

Using the MarketStudio software, it is very easy to upload all information about your products into a central repository. This repository can be detailed so that your customers can get every possible information regarding any product or product category.

While creating the central repository, attributes like name, color, images (from all possible angles), dimensions, weight, price, etc. can be entered into the system. This means that at any possible time, any employee retrieving information will find the most recent data about the product. Any updates on the product information can be easily done through the catalog management software while keeping the information consistent and reliable.

This process is seen as the cornerstone of your business survival as it is this consistent data in the central repository that is then uploaded onto your business website for e-Commerce.

When a customer checks out your e-Commerce site for purchasing your products it is not in the physical form. This is the reason why every minute information that you are able to provide to the customer helps in them making an informed choice. This leads to better sales, higher trust, loyalty as well as increased customer base through word-of-mouth marketing.

E-Commerce features

Another feature of the Catalog Management software is the provision of payment gateway and cart options. Customers today want all possible payment options with easy to use and secure payment gateway. With the help of MarketStudio, this option is easy to create for your website. 

Marketing

Showcasing your products to every potential customer is paramount to success. Use the multi-channel marketing solutions that are available in MarketStudio to easily and quickly create stunning catalogs and publish them over social media, print, PDF, messages, notifications, pop-ups, etc.

When a buyer benefits from your improved e-Commerce site, it automatically improves your sales figures. So choose the right catalog management software for your business and steer it in the right direction.

Product Information Management and Digitalization for your Business

Whether you are a new business venture or a successful brick-and-mortar store, the only way forward is to go digital. Getting online gives your business the required exposure to more and more customers that would not have been possible with an offline store.

A business runs because of its customers, so it is imperative to keep them happy. How do you go about doing this?

Well, the answer lies in a proper Product Information Management (PIM) system that can be created specifically for your business. Questudio’s CatalogStudio is a PIM software that handles all the information related to the products of your business. With the use of a central repository, all the information relevant to the business is stored and handled properly. The information may include data such as size, images, dimensions, weight, colour, etc.

This in-depth information is crucial for the right management of your business. When information is placed in a single location, it helps to keep it normalized and unique. Data can be used by employees without compromising on validity. This means that product information used by one section of the business is the same for any other section. Any updating done on data is systematically seen by all the sections of the business.

Now, where is this information used?

Websites offer the perfect way to showcase your products to customers all over the world. CatalogStudio creates a sophisticated website that uploads information of each product from the central repository. Products can be shown using the images and information regarding them can be displayed under each image. This helps customers to make the right decision when purchasing an item. Since websites are online, a customer is not able to feel the product physically. So decision making can be a problem if every possible information regarding the product is not given. This is the reason why in-depth information regarding each and every product is required to be kept in the central repository.

When a dynamic website is in place, it creates a perfect environment for an increase in sales.

How does this happen? Today every customer all over the world want products at their doorstep quickly. Giving the customer what they want is paramount to having a loyal customer base. This also increases the number of potential customers as happy customers always provide positive feedback.

Using the website with a payment gateway is the sure-shot way to get your customers interested in buying. WebStudio the eCommerce platform from Questudio ensures that transactions on the website are secure and that customer data is not compromised.

Another important factor of the online PIM tool is the online catalog software. This creates catalogs quickly that can then be used for multi-channel publishing. When customers see these online catalogs, that are also dynamic as can include audio, video, or pop-ups, it helps them to make decisions quickly and impulse buying also comes into play. This creates short sales cycles which is a positive outcome for any business.

Online catalogs are the perfect ground for increasing the customer base. These catalogs can be sent across social media platforms which are used by millions of subscribers. This increases the customer base immensely. Many companies have seen dramatic sales increase after publishing their product catalogs on these platforms. The powerful effect of these catalogs on social media is also the feedback received from customers. This feedback helps businesses to improve their product range and also introduce newer products based on what customers are asking for.

So using an eCommerce product information management software for your business will be the best decision taken. With positive results from Saas PIM solutions, you can easily see an increase in sales.

How Can a Catalog Management Software Reduce Your Burden In eCommerce?

ECommerce is the norm today for all businesses. Having your business online and showcasing your products to customers across the globe is what makes a business stand apart.

It is very easy for a business to get online these days. Several software professionals can create a stunning website and put a business online quickly. The problem arises when you need to be able to provide online transactions to your clients in a secure way. Simple websites may not be able to handle all your products efficiently and this can lead to problems. Some of them will include customer returns, a decline in sales, etc.

How can you ensure that your eCommerce website is functioning smoothly and that all your products are managed well?

You need to have a Catalog management software that takes care of all the running of your online business. So, how does this catalog management software free you from the burden of declining sales or unsatisfied customers?

When you use the services of premium software companies like Questudio, you get the benefit of software like CatalogStudio. This software creates a central repository for your business that handles the necessary information for all your products. This efficient handling of products when done right leads to efficiency in the business.

CatalogStudio is the perfect platform for your business to merge all your products and streamline them in such a way that it leads to an increase in sales. The use of the central repository gives the software the advantage of having every minute detail of products. It includes attributes like images, descriptions, color, shape, size, etc. One of the benefits of the central repository is also that all your employees stationed at various offices can edit information consistently.

The product information management software helps while creating a dynamic website for your eCommerce purposes. The data is retrieved from the central repository and then showcased on the website using a unique theme.

The most important factor that will make your website smarter is the eCommerce facilities like payment gateway and shopping cart. Helping your customers to be able to choose the right product is very important. Since your customer cannot physically feel the product, you must be able to give them all the possible information online. This helps them make an informed decision which in turn reduces the return of products.

eCommerce websites are also a great way to learn about your customer behavior. What are the qualities that your customer is looking for in your products and what drives them to make that purchasing decision?

These are all questions that you need to get an answer to so that you can increase your sales and build a loyal customer base. The product management software is great for this purpose too as it involves a shopping cart facility that in turn helps you understand your customer’s choices.

Sales increases with the increase in customer base. A good product management software will also have a digital catalog creator that helps to create several catalogs quickly and easily. These can be in print or PDF form and can be sent across through various channels. Catalogs make it easy for potential customers to see your products and take interest in your company.

So having a product management system is always the best way forward for eCommerce businesses.

Advantages of using Product Information Management Tool

 

Imagine having a seamless business model that does all the work for you and also attracts more customers! Isn’t that what you are trying to achieve with your company? What if we told you that is possible and easy too?

Check this out:

A product catalog software is best for all businesses that need to streamline their activities and look for success on the online platform.

So is this what you need for your business? Absolutely right!

Let’s look at what exactly does a product information management (PIM) tool do to a business.

With services providers like Questudio, you can find the best catalog management software in CatalogStudio. This will create a unique central repository that holds all the product details that you deal with. The most important task of this repository is to store all the attributes required for a perfect management system. Once this is done, the next step in the process helps to create a website and upload all the data for the customer to see and eventually purchase. But Catalog Studio goes the extra mile and helps with cataloging your products for publishing it online and on several channels, which brings in more customers and obviously more sales. This is the beauty of this all-encompassing product catalog system.

Still not convinced?

OK let’s dig deeper and understand the advantages of this product information management tool. Here goes:

 

  • Ease of managing a large number of products – With the PIM tool, it is easy and quick to upload all the details of the products that are part of your company. However large a database you have, it can be done without a hitch. This quick storing of data makes it very easy for company personnel to get on with business.
  • Sourcing of products – If your products are not coming from a single source, then it becomes extremely difficult to handle this information manually. With the PIM tool and the central repository, you don’t have to worry even if you have several source points for your products.
  • Improved accuracy – The star of the PIM tool is the central repository. This is because it helps to maintain accurate data in a single location. All changes, deletion, and addition of product data happens only here and is reflected on the website.
  • Efficient workflow – Once your data is stored centrally, all other business activities and workflow is automatically efficient. Employees at geographically spaced locations can work with products from different sources easily.
  • Lessens the number of product returns – All businesses want products to satisfy their customers. So the return of products should ideally not happen. This is where the PIM tool achieves success. When a customer is given all the relevant information about the product, they can make an informed decision and buy the right product.
  • Increases customer loyalty – When you have the right products going out, you have happy customers. With happy customers, you automatically have a loyal customer base.
  • Sell across multiple channels – With the PIM you have the added advantage of creating catalogs quickly and publishing them over multiple channels – online or offline. Think print, PDF, etc.
  • Multiple catalogs – Creating just one catalog is easy, but when you need to create several different ones for various occasions it can get tedious. The PIM tool helps you to create multiple catalogs all different in type in a matter of minutes.

Isn’t this what you want for your business? So, go ahead and make it happen with the perfect PIM tool.