Unified Data Set, Optimized for all channels
Grocery retailers face many challenges in their day-to-day operations, especially when it comes to product data management. Managing supplier information efficiently and syndicating products to various selling channels are two major challenges that modern Grocery businesses need to tackle.
The grocery business needs its product data more enriched, streamlined operations, and multi-channel specific, with an advanced inventory management system. A Product Information Management (PIM) solution can help you achieve all this and more.
- Manage data of suppliers, products, customers, and locations
- Syndicate data to different marketplaces
- Ensure fast, accurate data when working with suppliers
- Deliver satisfying customer experiences while gaining operational excellence
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Business Outcomes and Impacts
Implementing a robust PIM system can be a game-changer for grocery businesses
Optimizing Grocery Supply Chain Efficiently
Juggling numerous suppliers while ensuring accurate and up-to-date product information, including intricate details like nutrition and ingredients, presents a significant challenge for Grocery industry.
Product Information Management (PIM) brings a new level of efficiency to supplier management, overcoming the challenges faced by traditional processes.
- Streamline your supplier management workflow by automating tasks while reducing time-consuming manual processes.
- Ensure accuracy in product data, from nutritional content to ingredient details.
- Integrate with GS1 data pool, facilitating standardized product information on a global scale.
Overcoming Data Inconsistencies
In the grocery industry, products often have multiple variations, from different suppliers and brands, with varying nutritional information, packaging sizes, and more.
PIM allows you to efficiently and easily manage product information.
- Centralize product information, ensuring that all details are accurate and up-to-date.
- Assign information to bundled and individual products.
- Facilitate compliance with labeling regulations to ensure that labels meet regulatory requirements.
Overcoming Time-to-Market Delays
The grocery industry is highly competitive, and introducing new products quickly is essential to stay ahead. However, traditional methods of updating product information, including manual data entry and spreadsheet management, are time-consuming and prone to errors.
PIM empowers grocery businesses to expedite product launches by centralizing data, enabling efficient updates, and facilitating quick distribution to sales channels.
- Streamlined product syndication to various channels, such as eCommerce websites, online marketplaces, social media platforms, and other distribution channels.
- Uniform product information across platforms, including detailed nutrition and ingredient data.
- Introduce new products rapidly.
Overcoming Customer Experience Gaps
Delivering consistent product information and pricing across multiple platforms, including physical stores, e-commerce websites, and mobile apps, can be challenging.
PIM for grocery stores ensures consistent and accurate product information across all shopping channels, leading to an enhanced customer experience.
- Real-time updates to prevent misinformation and maintain accuracy in a dynamic grocery environment.
- Enable personalized experiences based on customer preferences and behavior.
- Cross-channel consistency fosters a seamless and satisfying shopping journey.
Overcoming Pricing Challenges
Price fluctuations are a common occurrence in the grocery industry, driven by factors like supplier changes, promotions, and market trends. Keeping pricing information accurate and up-to-date across all sales channels, both online and in-store, is crucial.
PIM with real-time price update capabilities allows grocery stores to adjust prices instantly, respond to market changes, and maximize revenue by offering accurate and competitive prices.
- Adjust prices in real-time across all sales platforms maintaining consistency and ensuring that customers receive the same pricing information, promotions, and discounts regardless of their chosen shopping channel.
- Agile pricing management to respond swiftly to market changes.
- Automated data collection and analysis help grocery retailers stay informed about market trends, allowing them to adjust their pricing strategies accordingly.
A Leading US based Supermarket Chain partners with Credencys for a Tailored Data and Order Management System
A prominent US supermarket chain with 40 stores in Southern California, our client sells fresh vegetables, meat, grocery, bakery products, etc. to their customers. They also offer different services to the customers that involve check cashing, money orders, utility bill payments, microloans, insurance, top-ups, and wire transfer.
Faced with a paper-based order management system, the client struggled with manual order processing, leading to delivery delays and business losses. Additionally, the complex process of transaction reconciliation further compounded their issues.
They were in search of data management experts to overcome significant challenges in their operations. After a long and rigorous vetting process, they selected Credencys as their solutions partner.
We, at Credencys, listened to their problems and came up with a fully customized solution. We developed a tailored web-based order management system using PIM solution and Magento technologies. The solution streamlined their transaction reconciliation processes and harnessed the power of Product Information Management (PIM), Digital Asset Management (DAM), Enterprise Content Management (ECM), and eCommerce capabilities offered by Magento. It made their order process smoother and made it easier for them to keep track of their products. Additionally, the integration of PIM solution API allowed seamless storage of order data in their data warehouse, made sure their data could be stored neatly, which helped them sort out product and order related issues quickly.
Why Choose Credencys
Obsessed with Data
Across industries like Retail & Consumer Goods, we are passionate about unlocking the power of data to empower your business.
We pride ourselves on being nimble and flexible: from delivering quick wins to seamless integrations that help you stay one step ahead of your competition.
Our consultative and partnership approach means we're invested in your success. From implementation to company-wide adoption, we're with you every step of the way, shaping our solutions to fit your journey.
Years of PIM
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Frequently Asked Questions
Yes, PIM for Grocery solutions are designed with scalability in mind. It can easily adapt to the growing needs of your business. As your product data and digital assets expand, the solution can handle large volumes of data and users efficiently. Whether you’re a small business looking to expand or an enterprise with complex requirements, our custom PIM solutions’ architecture and features are built to scale alongside your growth.
PIM solutions include features such as centralized product data management, digital asset organization, data integration, custom data structures, multi-language and multi-channel support, workflow management, versioning, search capabilities, and extensibility via APIs. Credencys can further customize solutions as per your business need.
PIM for Grocery solution offers robust data integration capabilities through APIs and connectors. It can seamlessly integrate with your existing systems, such as ERP (Enterprise Resource Planning), CRM (Customer Relationship Management), and e-commerce platforms. This integration ensures that product data remains consistent across all your systems. The solution supports various data exchange formats like XML, CSV, and JSON, making it adaptable to different integration requirements. Additionally, PIM for Grocery’s data mapping and transformation features enable smooth data synchronization between systems, enhancing efficiency and data accuracy.
Credencys is trusted by grocery business leaders across the world for customizing and successfully implementing PIM solutions. Explore our Case Studies to see how we have transformed businesses, just like yours. Click here to dive into the details of our client partnerships and uncover the strategies that led to remarkable outcomes.
PIM is beneficial for individuals who manage more than 100 products and/or sell through multiple channels. Credencys Solutions specializes in providing data management solutions tailored to the specific requirements of retail and consumer goods brands, as well as manufacturing businesses.
Implementing PIM software is crucial for achieving success in ecommerce today. Because each sales channel requires differently formatted product details, you require a centralized platform for editing and storing this information. When you rely on your ecommerce store or spreadsheets for this purpose, it becomes all too easy to make costly errors. PIM software assists you in maintaining error-free data and ensuring it is formatted according to your specific needs.
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Credencys Solutions is a data management solutions provider tailored to the unique needs of retail & consumer goods brands and manufacturing businesses. Widely regarded as a trusted advisor and strategic partner, the company has 15+ years of proven success in implementing cutting-edge PIM & MDM solutions that empower businesses to harness the full power of their data.