Business Services Industry
MatrixOne Extends Product Collaboration Capabilities Into Supplier Relationship Management
Business Wire, May 30, 2002
Business/Technology Editors
WESTFORD, Mass.--(BUSINESS WIRE)--May 30, 2002
Strategy Links Strategic Sourcing and Supplier Collaboration Directly
to Product Development Processes and Data
MatrixOne, Inc. (NASDAQ: MONE), the leading provider of product collaboration solutions for the value chain, today announced a strategy for Supplier Relationship Management (SRM), extending its strength and position across the entire product lifecycle. MatrixOne's robust set of sourcing and supplier tools enables enterprises to collaborate with suppliers during the innovation phase of a product's life cycle to make key profitable decisions in design, strategic sourcing, supplier development, and quality management processes. With the announcement, MatrixOne advances product collaboration by empowering enterprises to leverage the processes involved with product development and program management.
MatrixOne's SRM solution will allow enterprises to:
-- Accelerate time-to-market by leveraging the PLM capabilities including product data and specifications further across the product lifecycle into Sourcing and Supplier quality management;
-- Increase innovation by allowing supplier involvement from the earliest stages of the product design phase;
-- Lower sourcing costs by providing buyers streamlined strategic sourcing, negotiation and decision support capabilities;
-- Improve the quality of suppliers and products through collaborative supplier development, monitoring, and quality management capabilities;
-- Decrease cost through content management that enables search for alternative parts and suppliers for standard components; and
-- Extend supplier enablement through Web Services.
For a detailed discussion on the products behind MatrixOne's SRM strategy, please read today's associated press release, "MatrixOne Launches Supplier Relationship Management Application Suite."
"An enterprise's ability to gain competitive advantage and quickly develop innovative products includes strong process management across the product lifecycle and early, tight interaction with suppliers. The integration of supplier relationship management functionality into product lifecycle management solutions will support these process changes," said Karen Peterson, vice president and research director for supply chain management at Gartner Group.
MatrixOne's SRM solution is differentiated from competitive offerings as it extends from the company's established strengths in collaborative product development and program management throughout the product lifecycle. Leveraging MatrixOne's industry-leading, proven Value Chain Portfolio applications for more tightly managed relationships with suppliers enables improved sourcing practices that result in enhanced efficiency. As a result, organizations are empowered to bring more innovation into the product lifecycle and reduce the time and costs associated with bringing better, more competitive products to market. Further, MatrixOne's standards-based and native support of XML provides easy integration to other enterprise systems, enabling a company to maximize installed infrastructure.
"The auto industry is transitioning from an era of structural alignment to one of holistic execution based on value chain collaboration, speed and value. MatrixOne's supplier collaboration tools and SRM applications are central to Johnson Controls' ability to design, develop, and deliver totally integrated interiors to our automaker customers, while building a strong supply base," said John Waraniak, executive director of eBusiness Speed for Johnson Controls.
"MatrixOne's approach to SRM offers a unique and differentiated value proposition as it is based around products that seamlessly interoperate with our collaborative product development and program management solutions. The solution offers improved buyer-supplier relationships and interactions with a real-time view into dynamic product requirements that lead to sourcing decisions resulting in higher-quality, less expensive to manufacture products," said Sam Zawaideh, vice president of products and solutions of MatrixOne.
About MatrixOne
MatrixOne, Inc. is changing the way the world brings products to market(TM). The Company's eMatrix(TM) product collaboration platform and out-of-the-box Value Chain Portfolio(TM) applications enable online collaboration across global value chains and secure access to independent trading communities in private and public marketplaces. A trusted partner to innovative companies, MatrixOne helps customers accelerate the right products to market. MatrixOne's approximately 600 global customers represent the aerospace/defense, apparel, automotive, consumer packaged goods, general machinery, high-technology, and medical equipment industries, including GE, Procter & Gamble, Nokia, Siemens, JDS Uniphase, and Honda. Headquartered in Westford, Massachusetts, MatrixOne (www.matrixone.com) also maintains offices in North America, Europe, and Asia, with additional distributors in Latin America and Australia.
- 5 Rules for Immediate Annuities
- Death in the Family: 12 Things to Do Now
- Dumbest Things You Do With Your Money
- 6 Online Networking Mistakes to Avoid
- 401(k) Mistakes to Avoid
- 5 Economic Scenarios to Keep You Up at Night
- The Real ‘Best Places to Retire’
- Best Credit Cards for You
- 12 Tough Questions to Ask Your Parents
- The Real ‘Best Colleges’
- Home Buyer Tax Credit: How to Cash In
- Why You Shouldn't Bash Cash
- 8 Phony 'Bargains' and Better Alternatives
- Danger: 3 Debit Card Scams to Avoid
- 6 Myths About Gas Mileage
- 29 Fees We Hate Most
- Quick and Easy Ways to Boost Returns
- Best Stocks to Buy Now
- Lower Your Taxes: 10 Moves to Make Now
- New Jobs: 8 Lessons from Real-Life Career Switchers
- The New Job Market: Who Wins and Who Loses?
- Health Care Reform's Public Option: Everything You Need to Know
- Volunteer Work When Unemployed: Should You Work for Free?
- Whose Recovery Is This?
- Long-Term-Care Insurance: 4 Biggest Risks to Avoid
Content provided in partnership with
Most Recent Business Articles
- Multiple criteria evaluation and optimization of transportation systems
- Multi-criteria analysis procedure for sustainable mobility evaluation in urban areas
- A two-leveled multi-objective symbiotic evolutionary algorithm for the hub and spoke location problem
- Multi-criteria analysis for evaluating the impacts of intelligent speed adaptation
- The development of Taiwan arterial traffic-adaptive signal control system and its field test: a Taiwan experience
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- LIFO vs. FIFO: a return to the basics
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- Too Young to Rent a Car? - 25-years-old the minimum age for car renting - Brief Article
- Design a commission plan that drives sales - Sales Commissions


