PeopleSoft First to Deliver Vertical Solutions for Supplier Relationship Management; New Functionality Speeds Implementation and Adoption

Business Wire, August 26, 2002

Consumer products companies face continually increasing competitive challenges -- compressed product delivery and lead times require efficiencies across the supply chain. Suppliers can instantly monitor customer demand, check inventory, replenish supplies, monitor their performance and check settlement status. Unique features for Consumer Products companies include:

-- Collaborative supply management. Multiple users across the globe can collaborate using real-time inventory management, order histories, economic indicators and employee input to monitor and react to changes in demand.

-- Product Life Cycle Management. To accommodate short product life cycles and multiple product options, the solution manages products from design, collaboration, sourcing and pre-production to full production and product retirement.

-- Tight integration with planning systems. Faced with constant changes in production schedules and inventory levels, companies can instantly connect with the supply base to share changing information about localized product requirements, order status and inventory in real-time.

SRM for High Technology

High technology companies often manufacture and distribute products globally, and therefore must customize products for local markets, requiring multiple options and configurations for every product. PeopleSoft SRM for High Technology delivers an end-to-end solution for the procurement of direct and indirect materials, services and assets and integrates all of these purchase requirements into product life cycle management. The solution enables:

-- Collaborative supply management. Multiple users across the globe can collaborate using real-time inventory management, order histories, economic indicators and employee input to monitor and react to changes in demand.

-- Product Life Cycle Management. To accommodate short product life cycles and multiple product options, the solution manages products from design, collaboration, sourcing and pre-production to full production and product retirement.

-- Tight integration with planning systems. Faced with constant changes in production schedules and inventory levels, companies can instantly connect with the supply base to share changing information about localized product requirements, order status and inventory in real-time.