How much does a PIM cost?
Team eCommerce Next has developed an online calculator to calculate the total cost of ownership of PIM implementation. It will give you a range of your investment estimate in the areas of:
- The prototype, User Experience and design cost
- Customization and Implementation cost
- Hosting and infra cost
- License Cost
- Support Cost
Use the calculator to arrive at an estimate today:
What type of company are you? How many sku you have? (Please include all SKU and variations) How many product categories will be there? (Categories, Line of business or Type of products) Will each category will have different attributes? Do you require rules engine for attributes? (Some attributes will be shown based on location, time and partner) Which channels will consume your product data? From where your product data may come from? Do you have dependent products hierarchies? (Parent child, parent multiple child, parent grand child relationships) What product relationship exists? Would you require a workflow engine? (If there are approval workflows or who can see what workflows, please click yes) Would you require multiple workflows? (If there are approval workflows or who can see what workflows, please click yes) Would you require a pricing engine? (Price lists dependent upon region, supplier, vendor, time of the year, volume etc.) Do you need data quality, accuracy and completeness management? In what format existing product data is there? What kind of product licensing you prefer? Do you require to host the system in premises or SAAS? Calculate the total cost of ownership of your PIM initiative. Your personal information is safe with us, we don't sell it to third party organization The final estimated price is : [item-358_price] [item-359_price] [item-360_price] [item-361_price] [item-362_price] [item-363_price] [item-376_price] [item-377_price] [item-364_price] [item-365_price] [item-366_price] [item-367_price]Thanks, we will contact you soon
Product Management
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PIM Calculator
Final cost
Minimum Maximum One Time Cost Analysis, Prototyping & Consulting $8,000 $20,000 Design (UI, UX) $5,000 $20,000 Implementation Integration Migration Total Product Cost Annual Monthly Annual Maintenance Cost 10% of Total Costs involved Costs involved
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How to calculate the total cost of ownership for PIM Implementation?
It is essential that before you engage the services of any Product Information Management solutions vendor or system, you know the price that you will pay for the service they are about to render. It is crucial so that you can tell if your budget can accommodate the cost, or if there is a need for you to make adjustments to the specifications of your PIM solution.
Well, calculating the cost of a PIM solution is so much of an arduous task because most PIM vendors do not give public price lists for their software.
The whole concept of PIM is still new, emerging, and at a maturing phase. The market, system, technology and stakeholders are still at that point where there is room for improvements. Well, what this means is that the majority of the market is still developing and running makeshifts programs. This factor is the reason most PIM solution vendors do not have publicly announced prices.
Given the level of flexibility that comes with the service, and the fact that many factors affect the setting of price, most vendors do not fix prices to their service.
For instance, to determine the price for the PIM that a brand demands, the SKUs, the number of attributes, the media engaged, the data type, languages involved, variety span of each product and some of the other factors get considered.
Well, you can escape all of this stress every time you calculate the cost of your PIM with an online calculator.
Factors that determine the price of a PIM solution
To determine the price of your PIM solution, you have to provide the vendor with details about the number of SKUs that you need the Product Information Management system to handle.
This single factor is a fundamental determinant of the price of any PIM solution. The cost of a PIM solution for 100 SKUs will be less than the price of a PIM solution for 100,000 SKUs. A lot more goes into Product Information Management for larger SKUs, for instance, larger storage space, transfer costs between PIM and ERP, and also the maintenance of data quality.
Asides the number of SKUs that has to be managed by the Product Information management system, another crucial factor is media handling. This factor also affects storage and transfer. The choice of media determines the quality and form in which data will get stored. A brand that deals majorly in print media will require less space for quality data. In contrast, brands that need video and audio media will spend more on the cost of a PIM solution because data will include high definition video and audio contents and these contents need more storage space than those of print media.
In different companies, different teams require access to the contents in the PIM system. I’m some companies, just the sales and marketing team work with data from the PIM system while for some others, the design team, management team, marketing team, and even the procurement team need access to the system.
Although this does not directly relate to the production cost of your solution vendor, this factor is essential in the calculation of the price. This us because it shows details like the number of people to be trained, and vendors need this detail to plan training logistics and cost.
While considering the number of SKUs that you need the Product Information Management system to manage or handle, you must decide the number of attributes that the system will handle per SKU. The number of attribute per SKU is a significant determinant of the price of any PIM solution alongside the number of SKUs. Like the number of SKU, and the choice of media in use, the number of attributes per SKU affects the data storage space and transfer cost. It also determines the level of complexity of the needed PIM solution.
Language is a significant complexity to PIM. The more the language-translation required, the more complex the solution get and by implication, the more the cost. Some PIM solutions have several languages configured in their standard software set-up, and so language might not cause much change to the price, but most PIM solutions do not have this configuration.
Considering that there are different goals for adopting a Product Information Management solution, this factor stands as a differing factor for setting prices. For some businesses, PIM solution is only a data management solution and hence is used strictly for data governance. While for some others, the purpose of adopting a PIM solution is in the integration of data across output channels.
For businesses in the first sect, it is needless to say that their cost will be far less than those who need a PIM solution to automate data across output channels.
The more output channels you use, the more the billing.
Conclusively, it is essential to note that these factors vary across PIM solution vendors. Some vendors do not require all these details, while some others will even ask you for other minor details (Bear in mind that these are not all the factors that determine the price of a PIM solution. Vendor requirements vary, but the ones listed here are the significant factors and the others are only demanded by 1 in 5 PIM solutions vendors.)
Try out the online PIM Cost Calculator, and you will see that it is all you never knew you needed!