Your comprehensive guide to understanding e-commerce and product information management terminology.
Single Source of Truth (SSOT) refers to the practice of structuring information systems so that all data is stored in one primary location. This ensures data consistency and reliability across an organization.
Stock availability refers to the quantity of products immediately ready for sale or shipment. Accurate stock data is crucial for fulfilling orders, managing customer expectations, and preventing overselling in e-commerce.
Structured content is information organized and tagged in a consistent, machine-readable format, making it reusable and adaptable across multiple channels and devices.
Substitute products are items that can be used in place of another product, offering similar functionality or satisfying the same customer need. They are crucial for retaining sales when primary products are unavailable.
Supplier data integration is the automated process of collecting, consolidating, and synchronizing product information from various suppliers into a central system like a PIM.
Supplier Information Management (SIM) is the process of collecting, managing, and maintaining all data related to a company's suppliers, including contact, contractual, and performance information.
The supplier data onboarding process is the structured workflow for collecting, validating, and integrating product data from external suppliers into internal systems.
Supply Chain Management (SCM) oversees the entire flow of goods and services, from raw materials to final delivery to the consumer. It integrates all activities to optimize efficiency, reduce costs, and enhance customer satisfaction.
Sustainability attributes are specific data points describing a product's environmental, social, and ethical impact, crucial for informed consumer choices.
Technical specifications are precise, objective details about a product's features, dimensions, materials, performance, and compliance standards.
Time to Market (TTM) measures the duration from a product's conception to its availability for purchase. Optimizing TTM is crucial for e-commerce businesses to stay competitive and capitalize on trends.
Transcreation is the process of adapting content from one language to another while maintaining its original intent, style, tone, and emotional impact.