Procter & Gamble and MatrixOne Enter License AgreementMatrixOne to Bring to Market Proven Technical Specifications Management Application for the Consumer Packaged Goods and Pharmaceuticals Industries
Based on the MatrixOne® eMatrixTM product collaboration platform, P&G created an application that combines work processes and an information system for managing the creation, review, approval, distribution, and storage in a single database of all technical specifications necessary to run a CPG manufacturing enterprise. MatrixOne will bring to market this proven technical specifications management application as a packaged product. It will enable the CPG and pharmaceuticals industries to streamline their technical specifications processes and realize significant business benefits. In the CPG industry, for example, a fundamental process begins with the creation of a technical specification for a product or a material in a product. These “specs” may also apply to packaging, test methods, processing methods, country of sale clearances, supplier approvals, and other operating procedures. The specification is then routed for peer review, revised based on those comments and input, and then formally approved. This requires significant effort and time, particularly in global CPG businesses where specifications are more complex than other industries. Combinations of raw materials and formulas that have a wide array of aesthetic variations; promotional pack components and assemblies; differing regulatory and safety limitations and approvals of test methods, processing methods and suppliers across multiple countries must all be taken into account. MatrixOne will provide a packaged application to manage this process and automatically enter these completed specifications into a database that can be readily accessed by anyone in an organization who needs them. Specifications can be reused, rework can be eliminated, costs and time-to-market can be significantly reduced, and quality can be improved. These economies of scale are even more considerable when these collaboration capabilities are extended to the organization’s suppliers. Kevin O’Marah, Research Fellow at AMR Research, said, “By combining P&G’s deep understanding of the technical needs and challenges of CPG companies with MatrixOne’s established leadership position in the emerging Product Lifecycle Management market, this technical specification application has the potential to dramatically impact both costs and time to market for new product development and introduction in the CPG and pharmaceuticals industries.” The technical specifications management application enables R&D scientists, engineers, manufacturing and purchasing managers, marketers and others throughout a company, as well as their suppliers, to easily locate and reapply approved specifications, resulting in reductions in material costs and time for product development, and improved quality.
“By building a technical specifications management application on our eMatrix technology, Procter & Gamble has furthered its tradition of excellence and created an opportunity for the entire CPG industry to realize new levels of innovation, productivity, and cost savings,” said Mark O’Connell, president and CEO of MatrixOne. “Teaming with this pioneer of innovation reinforces MatrixOne's vision to bring the strategic benefits of product lifecycle management to a wide range of industries faced with similar business challenges. Already, our solutions are the de facto standard in the automotive industry, and we are now able to combine that experience with P&G’s vision to benefit CPG and pharmaceutical companies worldwide.” Forward-looking statements in this release are subject to risks and uncertainties that could cause our actual results to differ materially from those anticipated. Such statements may relate, among other things, to our plans, objectives and expected financial and operating results. The risks and uncertainties that may affect forward-looking statements include, among others: poor product sales, long sales cycles, difficulty developing new products, difficulty in relationships with vendors and partners, higher risk in international operations, difficulty assimilating future acquisitions, difficulty managing rapid growth, and increased competition. For more about the risks and uncertainties of our business, see our periodic and other S.E.C. filings.
About Procter & Gamble
About MatrixOne MatrixOne is a registered trademark, and eMatrix, Changing the Way the World Brings Products to Market, Leading Provider of Product Collaboration for the Value Chain, and Value Chain Portfolio, are trademarks of MatrixOne, Inc. All other trademarks and service marks are the property of their respective owners.
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