Product Relationship Management (PRM) defines and manages connections between products, like accessories, bundles, or alternatives, enhancing merchandising and sales.
Product Relationship Management (PRM) is a method for organizing the links between different items in a digital catalog. It tracks how products connect to each other to help customers find the right options. Common relationships include: * Cross-sells: Items that go well together, like a case for a phone. * Up-sells: Better or more expensive versions of a product. * Bundles: Multiple items sold together as a single set. * Alternatives: Similar products that can replace an item. * Related items: Spare parts or compatible accessories. PRM keeps these connections accurate across all sales channels. This helps businesses suggest the right products at the right time. Systems like WISEPIM allow teams to manage these links easily, which improves the shopping experience and increases sales.
Product Relationship Management is a method for connecting different items in an online store. It helps businesses suggest relevant products to customers while they shop. This approach increases the average order value by showing shoppers useful add-ons or alternatives. For example, a store might suggest a matching case when a customer views a phone. These connections make it easier for people to find what they need quickly. Using a PIM system like WISEPIM ensures these product links stay accurate and up to date. Better recommendations lead to higher sales and more satisfied customers.
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