Organizations typically holds product data in three different kind of applications:
- In an ERP application together with all other kinds of master data and transaction data.
- In an MDM (Master Data Management) application either as a Product MDM implementation or a multidomain MDM implementation together with other master data domains.
- In a PIM (Product Information Management) application.
Each of these applications have their pros and cons and where an organization utilizes several of these applications we often see that there is no single source of truth for all product data, but that some product attributes are controlled by one application and some other attributes are controlled by another application. Recently I wrote a post on the Pimnews think forum with a walk through of different kinds of product attributes and if they typically are controlled in PIM or ERP / MDM. The post had the title Six Product Attribute Levels.
The overwhelming part of organizations still use ERP as the place for product data – often supplemented by satellite spreadsheets with product data.
However, more and more organizations, not at least larger global ones, are implementing MDM solutions and, also midsize organisations, are implementing PIM solutions. The solution market was before split between MDM and PIM solutions, but we now do see some of the PIM solution providers also encompassing MDM capabilities. On the Disruptive MDM/PIM List there is a selection of solutions either being more MDM-ish or more PIM-ish as examined in the post MDM, PIM or Both.