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May 16, 2006
FullTilt Solutions to Provide Product Information Management (PIM) for World's Largest Healthcare Group Purchasing Organization (GPO)
FullTilt's Perfect Product Suite™ Provides Solutions to Create and Manage a Central Repository of Hundreds of Attributes for over 10 Million Products to Help
Drive Efficiencies throughout the Healthcare Value Chain
WAYNE, PA. - FullTilt Solutions Inc., a leading provider of enterprise Product Information Management (PIM) solutions, today announced that the industry's leading health care contracting services company has selected FullTilt's Perfect Product Suitetm to be their authoritative source of product information. By selecting FullTilt, the Company expects to help deliver savings to more than 3,000 community-based health care organizations and academic health centers through contract services used to purchase more than $25 billion in supplies from more than 700 suppliers.
FullTilt's Perfect Product Suite will provide product centric master data management (MDM) solutions to create and manage a single source of product information truth for an extensive range of innovative contracting services including contract development, contract and supplier management, custom contracting, enhanced savings programs, order management, online supplier and hospital connectivity and contract and spend analytics.
GPOs are in a unique position to help drive efficiencies through the healthcare value chain. Forward-thinking GPOs continue to invent new and superior models for delivering healthcare services that leverage their size, relationships and resources to deliver those services to more people, at a lower cost and higher quality. One way that GPOs are helping move toward an integrated demand-driven model is through Internet-enabled purchasing automation also known as electronic sourcing or eSourcing.
Internet-enabled purchasing automation requires the aggregation, rationalization and normalization of incompatible, inconsistent and error-prone product data. Until just a few years ago it was nearly impossible to achieve such an elusive goal. But the advent of powerful product information management (PIM) software has now made it possible to transform product data so that errors and inconsistencies are a thing of the past.
"Managing product information has been a daunting task for the healthcare industry, given the lack of standards and the need to identify millions of products needed by thousands of hospitals using almost as many different purchasing practices," says FullTilt President Bob Moyer. "FullTilt's Perfect Product Suite plays an important role in helping GPOs manage product information and also in helping healthcare manufacturers and distributors manage and synchronize their product information not only with GPOs but with all of their trading partners throughout the entire healthcare value chain."
"We needed a way to store information on all of our products and efficiently present that information to our customers," says Joe Pleasant, CIO at Premier, Inc. a FullTilt customer since 2002. Premier Inc. is another one of the industry's leading health care contracting services companies and helps accelerate performance on both clinical outcomes and supply chain costs for nearly 1,500 hospitals and more than 38,500 other healthcare sites.
When trading partners use effective product information management solutions they're transforming their product data into a strategic asset. As GPOs, suppliers and healthcare providers continue to eliminate waste from the supply chain, effective product information management solutions will be a critical catalyst for trading more reliably, more efficiently and ultimately, more profitably.
"FullTilt's expertise working with clients in the healthcare industry combined with the Perfect Product Suite's ability to solve major product information management challenges is proving beneficial to the entire healthcare industry," said Moyer. "FullTilt is helping the industry's two largest Group Purchasing Organizations deliver true value to the entire healthcare value chain."
About FullTilt Solutions
FullTilt Solutions, Wayne, Pa., is a leading provider of enterprise Product Information Management (PIM) solutions. FullTilt focuses on providing solutions for the Consumer Packaged Goods, Retail, Electronics, MRO and Life Sciences industries. FullTilt's flagship product, Perfect Product Suite™, automates, manages and optimizes the business processes required for the complete and accurate internal and external data synchronization necessary for perfect Internet enabled commerce. FullTilt provides product centric Master Data Management (MDM) for all vital product related attributes and relationships throughout the enterprise and for all trading partners. FullTilt provides data synchronization to GDSN certified data pools including 1SYNC and Agentrics. Founded in 1987, FullTilt has been implementing enterprise PIM solutions since 2001 at leading organizations such as: McCain Foods, Premier, Inc., BDI, Kaman Industries, Brady Corporation, Hagemeyer, Mouser Electronics and Thomas & Betts. Further information about FullTilt Solutions and its products is available at www.fulltiltsolutions.com.
FullTilt, FullTilt Solutions, FullTilt Perfect Product Suite and the FullTilt logo are registered trademarks of FullTilt Solutions, Inc. All other company and product names are trademarks or registered trademarks of their respective owners.
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