PeopleSoft to Deliver New Supply Chain Management Capabilities for Consumer Products Companies
Business Wire - December 07, 1998 08:54
PLEASANTON, Calif.--(BUSINESS WIRE)--Dec. 7, 1998--
Distinction Software, Inc. to be Acquired by PeopleSoft
PeopleSoft will deliver extensive new Supply Chain Management functionality in 1999, including the ability to perform the high-volume demand planning activities associated with Consumer Products (CP) companies. PeopleSoft will combine its existing Demand Planning application with software products and technology obtained in the acquisition of Distinction Software, Inc., an Atlanta, Georgia-based Supply Chain Management software company. The combined offering will result in a new version of PeopleSoft Demand Planning and a new module, PeopleSoft Inventory Planning. The initial release of these software products will be shipping in early 1999 to selected customers with an enhanced version designed for higher volumes scheduled to be available in the third quarter.
The extended product offerings contain a number of features designed to meet the needs of high-volume manufacturers, distributors and retailers. The Demand Planning module allows users to create high quality product forecasts based on statistical analysis and collaborative input from multiple users across the enterprise. It includes the following features:
- Events and promotions - Nomadic forecasting capability for field sales collaboration - User defined multi-dimensional forecasting - Seasonality profiles - Advanced statistical and causal models - Automated forecast development and cycling - Integrated workflow and management by exception - OLAP interface for multidimensional analysis
The new PeopleSoft Inventory Planning module will enable users to plan optimal inventory levels across the enterprise. Using an intuitive workbench, users will be able to quickly analyze scenarios such as determining how lowered inventory levels might impact customer order fill rates. Some of the features of PeopleSoft Inventory Planning include:
- Calculates time phased inventory policy by SKU - Supports a range of safety stock and replenishment order
calculations including days of supply policy to deal with major
shifts in demand - Supports side by side comparison of multiple inventory policies - Highlights impact on service levels, carrying costs, inventory
turns and average investment for user selected inventory policies
"The capabilities we will acquire from Distinction enable PeopleSoft to much more effectively meet the needs of our customers in the Consumer Products industry," said Rob McKelligan, vice president of product strategy for PeopleSoft. "PeopleSoft will continue to make strategic investments to enhance and expand our software product offerings for manufacturing and supply chain management. With demand for CPG solutions surging, this move ensures that PeopleSoft can quickly deliver advanced solutions to the market."
Distinction Software, Inc.
PeopleSoft has executed a definitive agreement to acquire all outstanding equity interest of Distinction Software, Inc. PeopleSoft will issue between $5 million and $10 million worth of stock and options for all of the outstanding equity interests of Distinction in a transaction that is expected to close in the second half of 1999. Prior to closing the transaction, PeopleSoft and Distinction will operate independently within a development, marketing, sales and support relationship that will streamline the eventual merging of the two companies.
Distinction Software, headquartered in Atlanta, is the leading provider of supply chain planning solutions, based on Microsoft technology, for the manufacturing industry. The company's application suite SCOPE(R) (Supply Chain Operations Planning Environment(R)), is recognized as the premier supply chain planning software solution designed for high volume manufacturing enterprises.
PeopleSoft Supply Chain Management
PeopleSoft's groundbreaking solutions for manufacturing and supply chain management are in use by leading manufacturing companies around the world, including Packard Bell NEC, Toyota, Hewlett-Packard and Corning. PeopleSoft also provides solutions for Consumer Packaged Goods operations to leading companies such as Borden, Imperial Holly, Acushnet (Titleist) and many others. PeopleSoft Supply Chain Management manages and optimizes companies' internal and external supply chains through three integrated solutions, including Sales and Logistics, Materials Management and Supply Chain Planning. PeopleSoft Sales and Logistics includes Order Management, Order Promising, Inventory, Billing, Product Configurator and Remote Order Entry and Receivables. PeopleSoft Materials Management includes Purchasing, Inventory, Asset Management, Expenses, and Payables. PeopleSoft Supply Chain Planning includes Demand Planning, Inventory Planning and Enterprise Planning.
About PeopleSoft
PeopleSoft (NASDAQ: PSFT) is a global supplier of enterprise application software for business and government. PeopleSoft solutions for manufacturing, supply chain, financial, project and human resource management are used by more than 2,700 customers worldwide. Headquartered in Pleasanton, California, PeopleSoft employs 6,500 people and had 1997 revenues of $815 million. PeopleSoft is on the World Wide Web at www.peoplesoft.com.
PeopleSoft, the PeopleSoft logo, PeopleTools, PS/nVision, PeopleCode, PeopleBooks, and Red Pepper are registered trademarks, and PeopleTalk and "We work in your world." are trademarks of PeopleSoft, Inc. All other company and product names may be trademarks of their respective owners. The information contained herein is subject to change without notice. Copyright (c) 1998 PeopleSoft, Inc. All rights reserved.
CONTACT: PeopleSoft, Inc., Pleasanton
Andrew McCarthy, 925/694-2944
andrew_mccarthy@peoplesoft.com
or
Edelman Worldwide
Allan Schoenberg, 312/240-2823
allan_schoenberg@edelman.com
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