River Sand - Product Information & Software Management Houston, Texas (TX)
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You are here: Home » Solutions » PIM for Buyers » The Challenge
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."
The Challenge
Disparate sources of content, absence of standards, inaccurate data, reliance on third-party services, and lack of supplier participation have made product information management an unwieldy effort for the buyer. It is often easier to just create a new product item than to use an existing one. This situation leads to unchecked growth of a company's product item master as well as the number of suppliers. Without access to accurate and detailed product content, buyers cannot effectively search, evaluate, and purchase the products that they need. In many cases, when the supplier product information is imported, the buyer must manually cleanse and transform the data to a unified standard before its use by the buyer.
 
Summary of key challenges
Duplicate part proliferation: Few controls for new part introduction and poor search capabilities lead to ineffective parts reuse.
Lack of visibility to spend and usage: Lack of rich attribute information, inadequate descriptions and poor classifications make it difficult to assess material spend.
High costs of new part introduction: New commercial part introduction costs range from $2000 - $15,000 per part. Thus a company that must introduce 10,000 new parts annually faces from $20M to $150M in part introduction costs. Thus even a small (5%) reduction in new part introductions can result in significant savings.
Supplier catalog integration: Thousands of suppliers, disparate data formats, continuously changing product information.
"Dirty" data: Suppliers often provide data that do not conform to the buyer's standard. This could lead to an expensive process of product data cleansing and elimination of duplicate product data items.
Supplier self-service: Lack of sophisticated supplier self-service tools places the burden of supplier participation totally on the buyers.
Difficulty synchronizing product information: Multiple industry and supplier standards, silos of product information, unclear ownership and inconsistent enterprise processes.
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Powering Accurate Product Information
PIM Overview
PIM for Multi-Channel Retailing
PIM for eProcurement Cataloging
Master Data Management
PIM for Suppliers
PIM for Buyers
 
Riversand Solution
The Challenge
Solution Benefits
 
 
 
 
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Contact Riversand Technologies, Inc. 9800 Richmond Avenue, Suite 140 Houston, TX 77042, United States of America
Tel : (713) 934-8899, Fax: (713) 934-8845
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