Gepard PIM has recently completed a series of PIM Process Audits that have significantly impacted the operational efficiency and success of several businesses. Over the past three months, these audits, which include a notable engagement with a leading German tech manufacturer, have delivered tailored insights that drive improvements in data accuracy, streamline operations, and boost revenue.
Enhancing data accuracy and consistency
One of the key outcomes of the PIM Process Audits conducted by Gepard is a marked improvement in data accuracy and consistency across various sales channels. Accurate product information is crucial for maintaining customer trust and ensuring smooth operations across multiple platforms. The audits revealed that businesses experienced up to a 43 per cent reduction in error rates following the implementation of Gepard’s recommendations.
This improvement in data quality directly impacts customer satisfaction, as it minimizes the likelihood of discrepancies or errors in product listings that could lead to customer dissatisfaction or lost sales. By reducing the time and resources required to manage and correct errors, businesses can focus more on growth and innovation rather than troubleshooting data issues.
Streamlining operations for greater efficiency
Another significant benefit of Gepard’s PIM Process Audits is the streamlining of business operations. The audits provide a detailed analysis of existing PIM processes, identifying bottlenecks and inefficiencies that may hinder performance. Gepard’s strategic recommendations help businesses optimize their workflows, reduce time-to-market for new products, and improve overall operational efficiency.
For the German tech manufacturer, the audit uncovered several areas where processes could be refined, leading to faster product launches and more agile responses to market demands. By addressing these inefficiencies, the company has been able to operate more smoothly and effectively, giving them a competitive edge in their industry.
Driving revenue growth through improved product information
Improved product information management not only enhances operational efficiency but also has a direct impact on a company’s bottom line. Gepard’s PIM Process Audits have led to a significant increase in sales conversions, with some businesses reporting up to a 21 per cent boost in revenue.
This increase is attributed to the availability of more reliable and timely product information, which enables customers to make informed purchasing decisions and reduces the likelihood of returns or customer complaints.
Competitive benchmarking: Insights for strategic advantage
As part of the PIM Process Audit, Gepard also provides businesses with competitive benchmarking, offering a detailed comparison against industry standards and competitors. This aspect of the audit gives businesses valuable insights into their market position and highlights areas for improvement. By understanding where they stand relative to their competitors, companies can make informed decisions about where to focus their efforts and resources.
Gepard PIM’s Process Audits have proven to be a powerful tool for businesses looking to optimize their product information management. By enhancing data accuracy, streamlining operations, and providing strategic insights, these audits help companies achieve greater efficiency and profitability. As the digital marketplace continues to evolve, Gepard’s commitment to delivering actionable insights and tailored solutions will undoubtedly help more businesses stay ahead of the curve.
This content has been produced in collaboration with a partner organisation through our Global Visibility Programme. Our programme helps companies and organisations boost their digital presence and strengthen the thought leadership of their experts. Find out more here.
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