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PIM for Buyers » Solution Benefits |
| PIM for Buyers |
"The Riversand Product
Information Management (PIM) Solution for Buyers enables purchasing and
material management groups within an enterprise to manage the aggregation,
cleansing and use of product data from multiple suppliers."
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| Solution Benefits |
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Accelerate supplier on-boarding: Integrate with all suppliers,
regardless of their technologies, processes, and content formats to maximize
e-Procurement benefits.
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Eliminate duplicates & increase parts reuse:
Remove and prevent explosion of duplicate and similar parts. Up to $15,000 per
year cost-avoidance can be realized for each part not created.
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Lower capital tied-up in inventory carrying costs: Each
duplicate part costs you between $4,500 and $23,000 in inventory carrying
costs.
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Enable global visibility to spend: Enable visibility into and
aggregated supplier catalog, which makes it possible to know what you are
purchasing from which suppliers across the enterprise.
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Enhance existing PLM, ERP, and eProcurement systems
leverage: Manage item information in one location and publish
clean item master to enterprise systems.
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Enable timely and profitable purchasing decisions: Include
robust catalog features, such as parametric search and thorough product
comparisons across products, as well as suppliers.
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Reduce process cost: Eliminate manual, cumbersome, and
time-consuming exercises by automating content acquisition and data cleansing
activities.
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