Company Press Release
SOURCE: Aspect Development, Inc.
Aspect Signs Samsung in Largest Asian CSM Contract Win
Electronics Giant Deploys Aspect CSM in Just 14 Weeks to Korean And International Sites
MOUNTAIN VIEW, Calif., April 1 /PRNewswire/ -- Aspect Development, (Nasdaq: ASDV - news) the leading worldwide provider of component and supplier management (CSM) solutions, today announced that despite economic difficulties in the Asian market, Samsung Electronics Company has purchased and completed phase one deployment of Aspect's CSM solution in just 14 weeks. Aspect's first phase of its rapid enterprise deployment includes a new CSM system to manage Samsung's part and product levels and is currently available to 1800 users. The full deployment, scheduled for the second half of 1998, will manage 800,000 Samsung parts at 48 international sites and 25 domestic Korean sites for over 4000 users.
Despite the Korean national economy and currency issues of recent months, Samsung aggressively pursued its commitment to Aspect's CSM solution-reflecting the enormous value of Aspect's globally distributed component and supplier management system. ''Given the economic situation in Asia, we are especially pleased to have been selected by Samsung as their CSM vendor,'' said Joseph Prang, president and COO of Aspect Development. ''Samsung's investment in CSM will improve sourcing and design efficiencies corporate-wide and should have long-term benefits, helping them weather temporary economic downturns.''
''Samsung's deployment of Aspect's solution demonstrates the growing importance of CSM in the Asian market. We're very pleased to have this best-practices Asian manufacturer as a customer,'' said Romesh Wadhwani, chairman and CEO of Aspect Development. ''We recognize their commitment, especially given the thorough analysis undertaken by Samsung of their potential internal solutions and also of CSM vendor options. Samsung recognized our unique ability to help them reduce production costs and deploy rapidly -- while meeting their need for a totally integrated enterprise-wide CSM solution. Samsung's return on investment will be significant.''
Phase One: Managing Components, Suppliers and Product Codes
Enterprise-wide
Samsung will use Aspect's CSM solution for enterprise-wide cost control of their product development and sourcing at the part, model and product line levels. Samsung will use Aspect Development's solution to manage 800,000 component parts and 115,000 product and model code classifications. Aspect's CSM will manage all parts and suppliers, as well as Samsung's unique product coding system.
Phase Two: A Fully Integrated and Globally Distributed CSM Solution
Phase two of Aspect's CSM solution will be rolled out to 4000 users in design, component engineering and purchasing at 73 international sites. Korea will account for 25 sites, with the additional 48 other site deployments distributed worldwide. All sites will be fully integrated, using a central repository of parts, product coding and supplier data. Phase two will also add Aspect's VIP, Very Important Parts reference databases to the deployment, as well as integrations to other Samsung enterprise systems: SAP's R/3 solution, HP WorkManager PDM and Mentor Graphics' EDA solution.
Aspect's enterprise-deployed CSM system will accommodate Samsung's need for corporate consistency in part selections across different locations, while allowing specific sites to administer the information with Aspect's replication server. The distributed global solution from Aspect supports the sharing of data across multiple servers -- allowing Samsung to organize, manage and act upon design and component information drawn from across each of the 73 sites. By integrating with each functional group, Aspect provides the foundation for Samsung's complete enterprise solution.
Workflows at Samsung
Samsung will automate 15 business processes or workflows in the Aspect system including workflows for introduction, change, and obsolescence management of their product, model and part levels for both the corporate and divisional levels. The workflows will ensure correct processing of component and supplier information, including new part requests, new vendor requests, part revision requests, vendor revision requests and divisional part transfers. Over 800,000 Samsung parts will be managed by the 15 Aspect workflows.
About Aspect's CSM Solution
Component and Supplier Management or CSM is Aspect's breakthrough inbound supply chain management solution. The system puts comprehensive, organized and current information on parts, cost, lead time, quality and corporate supplier partnerships at the fingertips of engineering and procurement professionals -- saving manufacturers millions of dollars a year. Over 125 of the world's largest manufacturers have discovered Aspect's component and supplier management system. It is the most effective system for reducing product development cost. The heart of the Aspect CSM system is a rich central repository of information on parts and suppliers coupled with a powerful search engine and diagnostic tools for analyzing information. Aspect's CSM delivers an impressive return on investment.
About Samsung
Samsung Electronics Company Ltd., a U.S. $19 billion flagship company of U.S. $93 billion Korean-based Samsung Group, is a world leader in the electronics sector, with operations in more than 60 countries. The company develops, manufactures and markets audio and video products, household electronics goods, computers and peripheral products, display products, telecommunication and information systems, software tools and semiconductors.
About Aspect Development, Inc.
Aspect Development Inc., the leading worldwide provider of Component and Supplier Management (CSM) solutions, develops, markets and supports enterprise client/server software and reference data products that enable manufacturers to improve product development and business processes through CSM. Aspect's products enable rapid search, comparison and selection of optimal components and suppliers, promote the reuse of design and manufacturing knowledge, support the consolidation of suppliers and facilitate automation of the related design and procurement processes.
Aspect's corporate headquarters are in Mountain View, Calif. For more information on Aspect's complete line of CSM products and services, contact Aspect at 800-941-1046, via electronic mail at sales@aspectdv.com or via the Web at www.aspectdv.com/.
NOTE: Aspect Explore, AspectOnline, Aspect VIP, Aspect VIS, and Aspect's Strategic Procurement Module are trademarks of Aspect Development, Inc. Other brand and trade names used throughout this document are trademarks of their respective holders.
SOURCE: Aspect Development, Inc. |
