Product Attributes

Meaningful Analysis using Product Attributes

Product Attributes

Product attributes are considered to be a concrete means of analysis of any product. For an eCommerce business, this plays an important role in analysis since the attributes define the product qualities in a meaningful way. It also describes the inherent characteristics and qualities of a product; which consumers tend to give importance to.

Attributes are what distinguishes products from each other. It includes product aspects like color, size, flavor, package type, and so on. Attributes hold significance for the consumers because it determines their purchase decision. For the business, it offer a structure and help in creating product categories. Many times, it defines the products’ competitive set as well.

In an eCommerce business, if we take products as an example, then the largest level is a category and the smallest is an item. There are several levels between category and items which are defined by them. Different attributes allow you to define various product segments and helps you to stay updated as per trend. This also makes it easy to identify the potential growth opportunities.

All the product database items are coded with different attributes. Some of them are unique to the products, for example – food and beverage products have flavor as an attribute, while personal care products have a scent as an attribute. These attributes are generally not interchangeable. Some of them are applicable to all products, such as manufacturer, brand, category, size, and so on. Once you are sure of the list of attributes, you can analyze their performance depending on what holds importance for the business and for the consumers.

Some examples of meaningful analysis using product attributes include:

1.  What is the performance of the different brands and manufacturers?

2. What is the relative pricing between sizes?

3.  Are multi-serve packages more famous than single-serve packages?

4.  What is the competition between different types of containers? E.g. cans or bottles

Product attributes are generally available at the item level only. They do not apply at the level of total products. Although attributes are important, one cannot rely completely on them. This is because of keeping consumer behavior in mind. They might not necessarily be what the company wants. In addition, not all categories use the same unit of measure for an attribute. For example, for size attributes, different manufacturers may use different units of measures.

One must remember that attributes are related to product values and consequences. The combination of consumer behavior and sales patterns helps the business to determine this framework.

Catalog Building and Indexing

eCommerce Catalog Building and Indexing Services

Catalog Building and Indexing

Catalog building and indexing are important aspects for an eCommerce business as they help to display a company’s product list effectively. Having a good product catalog and index enhances the overall shopping experience and enables faster decision-making of the customers. Most often eCommerce companies tend to look for comprehensive, affordable catalog management services. Therefore, Outsourcing catalog building and indexing services is the best option for such companies.

Here are some advantages of outsourcing catalog management services:

  1. Eliminates any possible product data discrepancies

2. Saves time and efforts of the client company and increases productivity

3. Client receives online and offline product catalogs

4. Highlights product list and increases customer appeal

Catalog building and indexing services enhances a business’s product offerings and expands the scope of their catalog allowing it to reach various marketing channels. Therefore, a carefully organized catalog helps customers, employees, shipping deployment centers, and internal operations keep the track of products, inventory levels, pricing and details.

Several eCommerce business solution providers offer catalog building and indexing services through their catalog management system. These services are required by B2B as well as B2C companies. Certainly, based on the paper product catalogs available and other details provided by the client, a dedicated team starts to create the online product catalog. Hence, the team consists of catalog building experts who analyze and categorize the products under a specific hierarchy. Thereby, ensuring that the products appear in the search results while customers browse over the internet. The end result is an attractive digital brochure that has error-free data in a presentable manner.

In the process of catalog indexing, a team of catalog indexing professionals work to customize digital templates for the catalogs. The existing information is then enriched with the help of alphanumeric codes, graphs and tables, images, text, dimensions, available quantity, attributes, MSRP, and other relevant elements.

The team works to attract customers’ attention and to make the website more appealing. Therefore, the product catalog is created using appropriate headings and subheadings that have the apt keywords for effective search results. Once the catalog is ready, the team checks for any possible errors and accuracy and submits it to the client company.

Catalog building and indexing offers several benefits to the eCommerce business:

  1. Helps to manage the resources optimally

2. Efficiently reduces costs

3. Increases accuracy

4. Improves customer experience

5. Helps to update the key performance indicators

6. Improves quality catalog offerings

Product catalogs continue to be an important marketing channel for every eCommerce business. As a result, Customers come to know about the latest offerings and any promotional offers given by the organization. Hence, Considering the competitive environment of eCommerce, building an effective product catalog on a timely basis and keeping it updated with accurate information becomes a crucial task for any business.

Top Three Reasons to Normalize Your Data

Data Normalization

Most businesses focus on data cleanliness. Having accurate data helps to segment customers and analyze the data in terms of marketing in order to engage the brand further. There are a number of reasons to normalize your Data. This facilitates the entire data cleaning process and keeps the customer data clean and organized. Without data normalization one may face several types of data errors.

Data normalization is the process of restructuring the data to ‘normal’ in terms of data integrity. It is a key part of data management that can improve data cleansing, lead routine, segmentation, and other data quality processes.

Data normalization makes the data look clean, organized, easy to read and navigate through, and uniform across the entire customer database. Normalization includes standardization of specific fields in the customer database which brings uniformity.

In addition, here are the top three reasons to normalize your data.

1. Identifying Duplication of Data

Data duplication is a crucial problem that companies face and getting rid of duplicates is an important part of data management. Data duplication can hinder the overall customer experience. Customers may receive the same data more than once which is not very appealing. It not only impacts the sales and marketing aspects of the business, but also increases data storage cost. Normalization makes it easier to locate and eliminate the duplicated data.

2. Improving Lead Scoring

Lead scoring is defined as the process of assigning a value to specific leads in the CRM so that you can identify and grasp potential opportunities. Effective lead scoring is dependent on high-quality data and effective segmentation. For example, a B2B company will assign value to its specific leads based on the job titles as a variable. Moreover, proper segmentation is not possible without normalization. This will impact the values and business might lose out on the best opportunities. Data normalization enhances data quality and improves the process of lead scoring.

3. Reduce Response Times through Normalization

In B2C companies, customers expect faster response time for their queries. Having to feed in thousands of names along with their responses can often be time-consuming. In order to achieve an organized data, companies must have a perfect internal administration team and must use the data normalization tools. Data normalization ensures reduced response times and well-structured data.

There are specific tools that can identify standardization issues and assist in the data normalization process. And also these tools analyze the existing customer data to generate an assessment report. So, based on the report, multiple categories are assigned to help companies normalize and standardize their customer data. This is an ongoing process, which means that the business can track and fix the standardization issues as they arise. In addition, the number of data normalization errors can be limited, resulting in a high-quality customer database.

Benefits of PDF Extraction

Benefits of PDF Extraction

It is a common perception that copying text from PDF is an easy task, since the information is right in front of you. However, it is not that easy as you think. Working with PDF becomes difficult because of the flexibility provided by the PDF format. Not many people know that PDF was never an input format but only an output format. PDF was meant to offer a polished output to the documents.

PDF extraction is the process of reusing selected pages of one PDF in a different format. It is not uncommon for PDFs to contain a lot of textual information, and in order to acquire the entire text one must be able to extract the PDF in a proper manner. Extracting useful information from PDFs can be a challenge when there is a large number of PDF files. However, there are specific tools that enable better PDF extraction and right information recovery.

Companies that deal with a large number of repurposing activities, have started using automated PDF extraction software which makes the task easier to handle. The software is time efficient and easy to use. The extracted information from PDFs can be stored in word, excel, or various Graphics formats. The acquired information can be easily and quickly distributed with the teams. The output has all the relevant information and no information is lost.  

Here are some of the benefits of PDF extraction:

·  Lesser time is spent on recreating data, which results in increased productivity

·  Errors are significantly reduced

·  PDF extraction software make data repurposing tasks easy-to-handle

·  PDF extraction software have user friendly interface, which is easier to understand and saves time and efforts

Automated PDF extraction is an easy and time-saving process which is meant to enhance work productivity. PDF extraction works best for the organizations that need to repurpose information in various ways. It proves to be the precise way to acquire accurate information.