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September 13, 2004
FullTilt Announces Perfect Product Suite 5.0 with Enhanced Business Process Optimization Capabilities
Dynamically Manages and Synchronizes Product Information across the Enterprise
WAYNE, PA - FullTilt Solutions, Inc., today announced a new version of its Perfect Product SuiteT, an enterprise product information management (PIM) solution built on open standards and designed to optimize a company's product information for more efficient electronic commerce. FullTilt is the leading provider of PIM solutions for CPG manufacturers, retailers, MRO, hospital supply and technology companies.
Perfect Product Suite 5.0 incorporates the new FullTilt Business Process Management System T (BPMS) that enables organizations to further automate processes related to creating, managing and synchronizing of internal product information dynamically across the supply chain in order to cut costs, deliver products to market more effectively, and improve customer service . Other enhancements include improvements in product versioning and change control, 24X7 "lights out" automation, management reporting, audience-specific delta detection, and catalog management.
Perfect Product Suite 5.0 is an example of a new breed of business applications driven by an extensible service-oriented architecture (SOA) targeting cross-function, end-to-end business processes. It automates the internal and external data synchronization processes necessary to ensure that product information is accurate, relevant and dynamic within the enterprise and throughout the supply chain.
Perfect Product Suite supports both manufacturer and retail data synchronization with UCCnet, ECCnet, Transora, WWRE, GHX, IDEA and others and in unlimited user-defined custom formats. In addition, FullTilt lays the groundwork to comply with data standardization requirements mandated by Wal-Mart and other major retailers and enables companies to successfully implement collaborative initiatives such as CPFR, GTIN compliance requirements, Sunrise 2005 and RFID.
The Product Information Challenge. According to a recent study by Capgemini, more than 50 percent of the items in company systems contain incorrect data. The analysis found that half of consumer units were incorrect and one-third of traded units were inaccurate. It also reported that nearly 75 percent of suppliers of consumer units had incorrect items, and 57 percent of suppliers of traded units had errors. The report further stated: "The use of new enabling technology such as EPC-enabled RFID tags, which will provide previously unimagined visibility across the supply chain, simply will not bring their promised benefits unless they are built upon a foundation of quality information."
| A Single Source of Product Truth |
FullTilt’s Perfect Product Suite aggregates product attributes and other information from multiple enterprise data stores and through business processes, and adjusts disparate definitions to conform to a uniform standard. It then dynamically updates and synchronizes information as it changes, maintains product information and links in a central repository for a “single source of product truth,” and outputs data in any format required to synchronize with internal enterprise systems and users or external trading partners. This makes it possible to:
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Improve order and invoice accuracy |
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Deliver products to market more effectively |
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Provide more effective trade promotion |
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Cut costs for data and catalog maintenance |
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Improve customer service |
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Synchronize dynamic perfect product information across the supply chain |
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“Mismatched and obsolete item data costs companies millions of dollars every year in problems like inaccurate invoices and shipments, and the growing adoption of standards like Global Data Synchronization is making it imperative for companies to reconcile these disparities in order to do business with the Wal-Marts and Krogers of the world," said Andrew White, Research Director, Enterprise & Supply Chain Management, Gartner, Inc. "Good product information management solutions provide a means of eliminating discrepancies to create uniform product definitions while also offering the business process automation tools that are essential to keep product information current on an ongoing basis."
Scalable to Millions of Products. In use since the first generally available release in 2001, FullTilt’s Perfect Product Suite is currently managing up to one million products with hundreds of millions of attributes for various customers, including one that expects to use the system to manage over five million products in 2005. This scalability is unique in the industry, and it is critical to ensure that the product information management infrastructure can support internal and industry standards as well as ongoing expansion in an enterprise’s product portfolio.
Focus on Business Processes. Perfect Product Suite 5.0’s platform-neutral, service-oriented architecture addresses the growing demand for what Gartner has termed “business process fusion” – that is, flexibility and speed in linking business processes in order to increase the rate at which enterprises can deliver value to customers. This requires that multiple services communicate with one another across disparate interfaces and operating systems, permitting complex interactions among multiple entities and applications.
To that end, Perfect Product Suite not only incorporates transaction processing using relational data, but also the processing associated with collaborative work processes and enterprise master data management and content management. It can integrate with and leverage the evolving business process fusion stacks provided by the major application vendors, notably SAP, PeopleSoft, and Siebel Systems, as well as by infrastructure vendors such as BEA, IBM, Microsoft and Oracle.
These capabilities are enhanced by the optional FullTilt Business Process Management System (BPMS) that has been added in Version 5.0. The FullTilt BPMS includes a comprehensive Business Process Engine that automates workflow from department to department or entity to entity. It also provides a suite of tools that include FullTilt Process Studio, a visual process designer for defining flows of human activities and automated tasks, and FullTilt Process Manager, a browser-based user interface for accessing work lists, tracking progress, and monitoring system activity.
The FullTilt BPMS provides clustering, load balancing and support for the Business Process Modeling Notation (BPMN) standard and has rich process design, integration, execution, and monitoring features.
About FullTilt Solutions. FullTilt Solutions ( www.fulltiltsolutions.com ) is a leading provider of enterprise Product Information Management (PIM) software solutions for the consumer packaged goods, retail , MRO, healthcare and life sciences industries. Perfect Product Suite, the company’s flagship product, optimizes product information-related business processes across internal operations and external trading partners to enable perfect business-to-business commerce. FullTilt is a certified solutions provider for UCCnet and Transora, and has implemented PIM solutions at organizations including McCain Foods, BDI, Brady Corporation, Hagemeyer, ECRI and Premier, Inc.
FullTilt and Perfect Product Suite are trademarks of FullTilt Solutions, Inc. All other trademarks referenced are the property of their respective owners.
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