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eCommerce Product Catalog Management Best Practices

Product catalogs and eCommerce go hand in hand. Applying best practices in product catalog management helps you enhance product search and improve customer experience. This infographic highlights eCommerce product catalog management best practices for impactful digital commerce engagement and higher conversion.

Overcoming Today's Biggest Retail Inventory Management Challenges

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  It's safe to say that inventory is at the heart of the ever-evolving retail industry. For businesses worldwide, managing inventory to ensure a pleasant and seamless customer experience has become one of the primary focuses in today's highly competitive retail landscape. The inventory software market is growing rapidly and is expected to exceed   $3 billion by 2024 , with cloud-based software claiming over 30% of that market share. Data analytics, IoT, and Cloud Computing are now some of the most highly sought-after technologies in the supply chain sphere. Good inventory management practices can be a game changer when it comes to achieving exceeding customer expectations and maintaining healthy profitability. While comprehensive inventory control and accurate sales forecasts are reliable strategies, that's just the tip of the iceberg as far as inventory management is concerned. The challenges are as diverse as the global and local markets in which retail businesses operate...

Why is PIM the first choice for brands looking to sell successfully on marketplaces?

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  An online marketplace is a digital platform where information regarding a product or service is exchanged between multiple parties. The objective is to streamline the processes of product discovery, evaluation, prospecting, and purchase in a lean business model. But given the available opportunities in marketplaces today, it is interesting to note how many vendors and products are showcased on the customers screen. For instance, Facebook Marketplace was being used by 800 million people in 70 different countries every month in 2018 while Amazon encases close to 9.6 million sellers who acquired 54 percent of paid units in the third quarter of 2020. In such a multi-vendor ecosystem, ensuring that your product has a high success rate of getting noticed amongst thousands of variants depends on– Looking for a perfect PIM? Check for these five features! Creating a unique offer and displaying it strategically Adhering to marketplace standards Being responsive and always keeping catalogs ...