Product Data Management

 Engineers can spend 50% to 80% of their time

 looking for or gathering data rather than creating value for the company¹.

How Product Data Management can help your business.

Product Data Management (PDM), or Product Information Management (PIM), tracks and controls the data relating to a particular product. This data will typically include technical and manufacturing specifications, details of materials types, tolerances and approved replacement parts. Without it, production can grind to a costly halt if the right component can’t be located, for example. Read more in the Royal Philips Electronics case study.

Product data management can also track the costs associated with the development and launch of a new product, providing invaluable intelligence to your organization.

The quality of the data in your PDM system is paramount. Imagine the impact on your business if your products are displayed to customers and prospects with inaccurate details or pricing, yet it's a fact that nearly 30% of item data in catalogues used by retailers and manufacturers is incorrect. Correcting these errors costs between $60 and $80 each. Read more in the Terex (Global Benefit Tracking) case study.

In addition, poor product data management means that:

• companies spend an average of 25 minutes per SKU per year² manually cleansing out-of-sync item information.
• 43% of all invoices result in some form of deduction³.
• data accuracy is around just 68% for companies that have not⁴ implemented a data quality management solution.

Datactics has a fine track record in supporting global businesses in applying product data management. By helping to apply effective product data management, Datactics has helped customers:

• Increase global purchasing leverage
• Rationalize supply chain
• Maintain consistent terms with global suppliers
  
• Optimize inventory by reducing duplication
• View and control global spend
• Identify and implement best pricing strategies.

To learn more about Datactics solutions contact us now on: USA +1 312 212 4363 or UK+44 (0) 28 9073 8854 or email patricia.king@datactics.com.

¹ Capgemini - Upstream IM and EDRMS

^2,3 A.T. Kearney

⁴ Adam, D. Honore, Senior Analyst, Aite Group