Product data matching

Product data matching is a critical process in many industries, including wholesale, e-commerce, and manufacturing. It involves identifying products that are similar or equivalent to a given product, based on various attributes such as product name, description, category, and specifications. Product data matching can be done manually, but our solution automates this for some of the world’s largest wholesalers.

Product data matching improves accuracy and efficiency

The importance of product data matching lies in its ability to improve the accuracy and efficiency of product search and discovery. For example, if a customer is looking for a specific product but cannot find it, a product data matching system can help identify other products that are similar or equivalent, which then can be recommended to the customer. This can help increase customer satisfaction and loyalty while also reducing the likelihood of a lost sale.

The importance of the matching proces lies in its ability to improve the accuracy and efficiency of product search and discovery. For example, if a customer is looking for a specific product but cannot find it, a product data matching system can help identify other products that are similar or equivalent, which then can be recommended to the customer. This can help increase customer satisfaction and loyalty while also reducing the likelihood of a lost sale.

Improved inventory management

Data matching can also be used to improve inventory management and supply chain optimization. By matching products based on their attributes, businesses can identify product substitutions or replacements that can be used in place of a particular product. This can help reduce the risk of stockouts or overstocking while also reducing the cost of carrying inventory.

To deal with request for quotations, tenders and request for proposals matching also has to be done. Large wholesalers often deal with customers requesting up to thousands of products at once. These have to be matched, cross referenced, to their own large assortment.

Mydatamatcher streamlines product data matching

As a SaaS solution, Mydatamatcher is a web-based platform that can be accessed from anywhere with an internet connection. Its primary purpose is to match tenders, bids, and requests for quotation/proposals to wholesalers their large catalogues.

Based on smart algorithms, and with the next update Machine Learning, Mydatamatcher is able to automatically match and cross reference product data, find alternatives and offer products with better margins.