It’s been quite a year for online retailing. In fact, according to data from the IMRG and Capgemini index, online sales growth for the year so far is up 34.9%, whereas for 2019 as a whole it was just 6.7%.
Justin Opie, managing director at IMRG, said: “This does not feel like a temporary development; further evidence is no longer required that this is a permanent shift. Retailers, including those with stores, with strong online propositions, will continue to trade well – those without, for whom it’s not already too late, must adapt now if they are to survive.”
Whilst it’s undeniable that online retail is enjoying a boom, it can still be difficult when you’re trying to build a business case if funds are currently tight.
At OMIO PIM, we’ve developed a ROI (return on investment) calculator which can help to give an idea of the sort of return your brand can expect to see once you’ve implemented a PIM system to help you manage your product information.
All you need to do is to input the required values to generate what your potential ROI could be.
Stats and Values
So, what figures do you need? To get the most accurate potential ROI, the calculator requires:
- Your department (for example, merchandising, digital or operations)
- Your company’s turnover (£)
- The average order transaction
- Your returns rate (%)
- The number of merchandisers or marketeers within your company
Our PIM ROI calculator has been developed based on our customer feedback and on industry averages. Whilst it’s not a guarantee of actual results or a wholly accurate ROI, it does help to see what success your brand could look to secure with the implementation of a PIM solution such as OMIO PIM.
Had a look at the calculator? Got a few more questions? Drop your details here to speak to one of our PIM experts.