{"id":66898,"date":"2024-12-18T17:26:00","date_gmt":"2024-12-18T17:26:00","guid":{"rendered":"https:\/\/syndigo.com\/?p=66898"},"modified":"2024-12-18T17:26:17","modified_gmt":"2024-12-18T17:26:17","slug":"manage-product-data-effectively-holidays-pim-mdm","status":"publish","type":"post","link":"https:\/\/syndigo.com\/pl\/blog\/manage-product-data-effectively-holidays-pim-mdm\/","title":{"rendered":"Manage Data Effectively for Popular and Exclusive Holiday Products\u00a0"},"content":{"rendered":"\n<p>\u2018Tis the season when retailers become inundated with extra inventory for peak season celebrations. Whether that\u2019s holiday-only products or goods likely to spike in popularity, keeping up with changing inventory needs is key to maximizing Q4 revenue.&nbsp;<\/p>\n\n\n\n<p>Central to executing these quick inventory shifts is improving how you manage the data displayed on content across your eCommerce platforms. <a href=\"https:\/\/syndigo.com\/ebook\/2024-product-content-research-report\/\" target=\"_blank\" rel=\"noreferrer noopener\">Recent research by Syndigo<\/a> found 73% of consumers consider inaccurate or incomplete content a strike against the retailer, while 1 in 3 said they\u2019ve returned an item because it didn\u2019t meet expectations based on available information online.&nbsp;<\/p>\n\n\n\n<p>When holiday celebrations are on the line, there\u2019s no room for product page errors. Here are a few tips to better manage your data for a brighter customer experience.&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1000\" height=\"550\" src=\"https:\/\/syndigo.com\/wp-content\/uploads\/2024\/12\/Holiday-Products.webp\" alt=\"ecommerce\" class=\"wp-image-66900\"\/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-put-every-data-point-in-its-place-nbsp\"><strong>Put every data point in its place<\/strong>&nbsp;<\/h2>\n\n\n\n<p>With a flood of new products in your inventory comes an overwhelming amount of data. Ingredients, nutrition facts, and product dimensions will all need to be cataloged and displayed on any page where the product is sold. Multiply that task across all your sales platforms, and keeping all that data straight becomes a full-time job, if not several!&nbsp;<\/p>\n\n\n\n<p>Instead, look to centralize this data. With Product Information Management (PIM) solutions, all incoming data can be sorted into the appropriate product profile and distributed across your network to all pages containing that product. This ensures customers don\u2019t have to leave the website to do additional research and gives you peace of mind that your product pages remain up-to-date and consistent.&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1000\" height=\"550\" src=\"https:\/\/syndigo.com\/wp-content\/uploads\/2024\/12\/product-information-management.svg\" alt=\"product Information management\" class=\"wp-image-66901\"\/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-avoid-the-dreaded-stock-out-nbsp\"><strong>Avoid the dreaded stock-out<\/strong>&nbsp;<\/h2>\n\n\n\n<p>No one likes to discover the product they need is sold out. But customers will become especially frustrated if they\u2019ve driven to the store only to find out the product that was supposedly in-stock according to the website is actually sold out.&nbsp;&nbsp;<\/p>\n\n\n\n<p>During the holidays especially, you need real-time out-of-stock alerts to help label sold-out items as quickly as possible. Integrate your master data&nbsp;management (MDM) solution with out-of-stock alerts to track trends in sellouts over time and ensure you have enough of your most popular products in-stock before peak season.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-continually-analyze-your-strategies-nbsp\"><strong>Continually analyze your strategies<\/strong>&nbsp;<\/h2>\n\n\n\n<p>Your eCommerce strategies are continually evolving \u2014 as are your rivals\u2019. That\u2019s why it\u2019s important to look at the holiday season not only as the culmination of your year, but as a chance to gain key insights on your customers\u2019 buying habits \u2014 and your competitors\u2019 strategies \u2014 for January 1 and beyond.&nbsp;&nbsp;<\/p>\n\n\n\n<p>Keeping an eye on your digital shelf analytics can help you stay ahead of the game. You can work with data management partners to track pricing trends across your competitive landscape, understand buyer sentiment, and monitor how your business appears in search results, just to name a few capabilities.&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1000\" height=\"550\" src=\"https:\/\/syndigo.com\/wp-content\/uploads\/2024\/12\/eCommerce.webp\" alt=\"product data management\" class=\"wp-image-66902\"\/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-win-the-shelf-with-smarter-data-management-nbsp\"><strong>Win the shelf with smarter data management<\/strong>&nbsp;<\/h2>\n\n\n\n<p>Buyers have plenty of options in an always-on economy, and they\u2019re going to look to the retailers that offer as much data as possible before making a purchase. Technology can help you gain a leg up on your competition, ensuring your data is consistent and up to date across your platforms.&nbsp;&nbsp;<\/p>\n\n\n\n<p>With solutions such as PIM, MDM, and digital shelf analytics, you\u2019ll be well-equipped to keep up with new inventory and meet customer expectations throughout the holidays.<\/p>\n\n\n\n<div style=\"height:10px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p>*<em>This article by Syndigo\u2019s Benny Blum, SVP of Product, originally appeared in TODAY\u2019S GROCER magazine.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tis the season when retailers become inundated with extra inventory for peak season celebrations. Whether that\u2019s holiday-only products or goods likely to spike in popularity, keeping up with changing inventory needs is key to maximizing Q4 revenue.\u00a0<\/p>\n","protected":false},"author":2,"featured_media":66899,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"advgb_blocks_editor_width":"","advgb_blocks_columns_visual_guide":"","_page_status":"","footnotes":""},"categories":[16],"tags":[34,39],"class_list":["post-66898","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog","tag-product-content","tag-ecommerce"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.8 (Yoast SEO v27.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Manage Data Effectively for Holiday Products<\/title>\n<meta name=\"description\" content=\"Explore key strategies for holiday data management success in this 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