Many Industrial Manufacturers today have grown rapidly either through acquisitions, or by expanding product lines. As a result, Industrial Manufacturers are being confronted with an exploding supplier base, and pockets of redundant parts information, throughout the organization, in virtually every department and business unit. A critical challenge for them is shrinking profit margins, in an era of increasingly demanding customers. All of this has made it imperative that Industrial Manufacturers cut costs, and drive hard for operational efficiencies.

The Riversand PIM solution enables Industrial Manufacturers to create a centralized parts and product information repository. On the Buy-Side, a centralized parts repository enables engineering, sourcing and procurement to drive significant costs out of the design and product development process. On the Sell-Side, collaboration between engineering, sales, marketing and aftermarket operations results in faster time-to-market, and significantly lower cost of goods sold (COGS).