Marketing Resource Management

29 December 2023

In carrying out a marketing strategy, all divisions in the company need to be in line. This is needed to eliminate disconnection from one or several divisions in the success of a marketing campaign. Therefore, marketing resource management (MRM) is really needed by all companies.

MRM will cut a lot of processing time by connecting all the assets and people involved in it. Everything will be connected in one system to facilitate all work. For more details, see the understanding and benefits of marketing resource management below.

What is Marketing Resource Management?

Marketing resource management is a special software system used to manage assets, money and other resources related to marketing. This system allows the head of the marketing division to manage and check everything without having to worry about lots of applications.

In this software, companies and businesses can work more simply and save time. The reason is, processes and work flows can be controlled more easily. Apart from that, this system can also help record customer habits which can later become useful data for the company.

Technically, MRM can also be called an approach to the marketing system. However, MRM relies heavily on digital systems so that every individual in the marketing system needs to understand how it works and operates.

Benefits of Using Marketing Resource Management

MRM has various tools in it so you can use it for various needs in carrying out marketing strategies. The following are the benefits that can be obtained from using MRM.

1. Makes marketing campaign planning easier

The planning part is often the biggest challenge in planning a marketing strategy. You may have difficulty determining goals, changing KPIs, and overlapping between divisions. Moreover, now there are many channels for running marketing campaigns, making everything seem very complex.

The MRM system can help you identify goals by determining the right KPIs. Apart from that, you can also determine each person in charge (PIC) as well as the work deadline that must be achieved.

2. Create a better workflow

The manager is always the busiest person to oversee all work processes in the team. The more you do, of course the more things you need to pay attention to. This is what sometimes makes a manager make one or two small mistakes in running a marketing campaign.

By utilizing MRM, you can create a more comprehensive workflow without confusing individuals on the team. They no longer need to ask what next steps need to be taken. This system also makes it easier for you to track the progress of a document.

3. Makes asset management easier

Assets are certainly a crucial resource in marketing. This means that all divisions will use the same assets to make this campaign a success. For this reason, it is necessary to equalize the use of assets in it.

MRM also helps manage assets more specifically. The creative division can store all photos, videos and designs in the same folder. This method also allows anyone to buy or create the same content more than once.

4. Increase consistency in branding

Branding is very important in marketing strategy. Keeping a brand consistent is a challenge for many marketing divisions. Every marketing asset needs to follow the guidelines of the brand or every client your company works with.

To help all individuals in the company, you can include all assets in the MRM system. This method allows anyone to follow the guidelines that have been created to keep branding consistent.

5. Facilitates the reporting system

Reports are a mandatory aspect of marketing strategy. You need to know the results of everything you have done. This is not the end of the marketing campaign, in fact this reporting is the beginning of the next strategy.

MRM helps you to create better reports even from various aspects. You can find out which parts can be considered successful and which need improvement. The next step is to make a new plan by following up on the campaign which is considered successful.

6. Increase transparency between teams

The most important thing in a company is actually not always seen well by many people. However, how well can you build a solid team with coordinated work. This goal can be achieved by utilizing MRM to help carry out more responsibilities within it.

MRM will help process and manage data for companies. That means every individual in the company can see all the assets in it. With this transparency, you also take part in building trust in each individual towards the company.

Those are the benefits that can be obtained from a marketing resource management system in a company. It's a good idea for you to start considering using this system in the business you run now.

In carrying out a marketing strategy, all divisions in the company need to be in line. This is needed to eliminate disconnection from one or several divisions in the success of a marketing campaign. Therefore, marketing resource management (MRM) is really needed by all companies.

MRM will cut a lot of processing time by connecting all the assets and people involved in it. Everything will be connected in one system to facilitate all work. For more details, see the understanding and benefits of marketing resource management below.

What is Marketing Resource Management?

Marketing resource management is a special software system used to manage assets, money and other resources related to marketing. This system allows the head of the marketing division to manage and check everything without having to worry about lots of applications.

In this software, companies and businesses can work more simply and save time. The reason is, processes and work flows can be controlled more easily. Apart from that, this system can also help record customer habits which can later become useful data for the company.

Technically, MRM can also be called an approach to the marketing system. However, MRM relies heavily on digital systems so that every individual in the marketing system needs to understand how it works and operates.

Benefits of Using Marketing Resource Management

MRM has various tools in it so you can use it for various needs in carrying out marketing strategies. The following are the benefits that can be obtained from using MRM.

1. Makes marketing campaign planning easier

The planning part is often the biggest challenge in planning a marketing strategy. You may have difficulty determining goals, changing KPIs, and overlapping between divisions. Moreover, now there are many channels for running marketing campaigns, making everything seem very complex.

The MRM system can help you identify goals by determining the right KPIs. Apart from that, you can also determine each person in charge (PIC) as well as the work deadline that must be achieved.

2. Create a better workflow

The manager is always the busiest person to oversee all work processes in the team. The more you do, of course the more things you need to pay attention to. This is what sometimes makes a manager make one or two small mistakes in running a marketing campaign.

By utilizing MRM, you can create a more comprehensive workflow without confusing individuals on the team. They no longer need to ask what next steps need to be taken. This system also makes it easier for you to track the progress of a document.

3. Makes asset management easier

Assets are certainly a crucial resource in marketing. This means that all divisions will use the same assets to make this campaign a success. For this reason, it is necessary to equalize the use of assets in it.

MRM also helps manage assets more specifically. The creative division can store all photos, videos and designs in the same folder. This method also allows anyone to buy or create the same content more than once.

4. Increase consistency in branding

Branding is very important in marketing strategy. Keeping a brand consistent is a challenge for many marketing divisions. Every marketing asset needs to follow the guidelines of the brand or every client your company works with.

To help all individuals in the company, you can include all assets in the MRM system. This method allows anyone to follow the guidelines that have been created to keep branding consistent.

5. Facilitates the reporting system

Reports are a mandatory aspect of marketing strategy. You need to know the results of everything you have done. This is not the end of the marketing campaign, in fact this reporting is the beginning of the next strategy.

MRM helps you to create better reports even from various aspects. You can find out which parts can be considered successful and which need improvement. The next step is to make a new plan by following up on the campaign which is considered successful.

6. Increase transparency between teams

The most important thing in a company is actually not always seen well by many people. However, how well can you build a solid team with coordinated work. This goal can be achieved by utilizing MRM to help carry out more responsibilities within it.

MRM will help process and manage data for companies. That means every individual in the company can see all the assets in it. With this transparency, you also take part in building trust in each individual towards the company.

Those are the benefits that can be obtained from a marketing resource management system in a company. It's a good idea for you to start considering using this system in the business you run now.

Prasetiya Mulya Executive Learning Institute
Prasetiya Mulya Cilandak Campus, Building 2, #2203
Jl. R.A Kartini (TB. Simatupang), Cilandak Barat, Jakarta 12430
Indonesia
Prasetiya Mulya Executive Learning Institute
Prasetiya Mulya Cilandak Campus, Building 2, #2203
Jl. R.A Kartini (TB. Simatupang), Cilandak Barat,
Jakarta 12430
Indonesia