Product information management can be time consuming and every second it delays your time to market is costing you money. Getting to market early gives you a head start on your competitors and allows your organization to maximize revenue. It’s also possible to make large profits in short periods of time by making the most of demand spikes. A study found that up to 80% of earnings can be generated by taking advantage of demand spikes, but to do this it’s important to get your product to market in time.
This infographic by SalesWarp explains the advantages of a fast time to market and the costs of a slow time to market. The infographic makes it easy to understand the benefits of fast time to market with and by using the examples of Black Friday and Thanksgiving. It’s an important reminder to get your product to market in time to meet demand spikes.