Direct Materials Sourcing Software is tied to product record.
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Press Release Summary:
Product Cost Management(TM) v8.5 integrates to product record, allowing users to gain early visibility into new designs, integrate sourcing processes with design operations, and leverage product record throughout product lifecycle. Software also provides cost management visibility across multi-tiered supply chains to expose risks and manage costs within extended supplier network.
Original Press Release:
Agile Announces General Availability of Agile Product Cost Management 8.5
Enhanced Version of the Only Direct Materials Sourcing Solution Tied to the Product Record
San Jose, Calif. -February 5, 2003- Agile Software Corporation (Nasdaq: AGIL), a leading provider of product lifecycle management (PLM) solutions, today announced the general availability of Agile Product Cost ManagementTM 8.5. Agile(tm) Product Cost Management is unique among direct materials sourcing solutions in two ways: it is the only such solution to integrate to the product record, and it is the only direct materials sourcing offering which provides cost management visibility across a multi-tiered supply chain.
According to Jose Mejia, President of Supply Chain Networks at Lucent, "Agile's enterprise-class solutions provide key capabilities that enable Lucent to speed innovation cycles, manage product costs, and enhance our ability to leverage suppliers throughout the value chain."
Integration of direct materials sourcing functionality and the product record enables Agile customers to gain early visibility into new designs, integrate sourcing processes with design operations, and effectively leverage the product record throughout the product lifecycle. Multi-tier supplier cost management provides customers with the ability to expose risks and better manage costs within their extended supplier network.
According to Tim Minahan, Vice President and Managing Director, Supply Chain Research, Aberdeen Group, "Agile Software is a pioneer of the Product Cost Management movement. Building on years of experience providing product record management and collaboration solutions to more than 800 OEM and contract manufacturing customers, Agile has compiled a comprehensive solution for driving supplier integration and optimizing product costs and performance across multi-tier supply networks."
"Agile Product Cost Management 8.5 furthers our efforts to break down barriers between us and our supply chain, and achieves lower direct materials costs and improved customer satisfaction," said John Boucher, Vice President of Supply Chain at Manufacturers' Services Limited (MSL), a global leader in the electronics manufacturing services industry. "In particular, the improvement to the supplier interface enables us to continue to expand the use of the solution to a greater number of our suppliers with a very minimum investment in training. We are very pleased with the enhancements in Agile Product Cost Management 8.5."
Agile Product Cost Management 8.5 has been well received by Agile customers in the automotive, industrial, life sciences, and electronic high tech industries. Some Agile customers who have adopted Agile Product Cost Management 8.5 include Lucent Technologies, International Paper, Metaldyne Corp., Extreme Networks, ViaSat, MSL, and Saturn Electronics & Engineering.
"Customers who have Agile Product Collaboration(tm) and have expanded to Agile Product Cost Management realize better visibility into direct materials sourcing and cost management by leveraging the product record throughout the product lifecycle," said Chris Wong, executive vice president of products and technology at Agile. "In today's complex environment, effectively managing the product record is imperative for enterprise success. OEM companies that outsource are able to co-source and better leverage their network of suppliers and partners for lowered overall product costs. Contract manufacturers can provide differentiated service within a highly competitive market by responding more quickly to customers. Agile remains focused on a strategy to leverage our experience in delivering high impact, low risk solutions that help customers realize demonstrable business results."
To learn more about Agile's product lifecycle management suite of solutions or Agile Guaranteed Business ResultsSM program, go to www.agile.com.
About Agile Software
Agile Software Corporation (NASDAQ: AGIL) provides product lifecycle management (PLM) solutions used by companies to build better, more profitable products faster. 800+ customers use Agile solutions, including Metaldyne, Behr, Alps, Lennox, B/E Aerospace, Dell Computer, Flextronics International, FujiFilm, GE Medical, Hewlett Packard, InFocus, International Paper, Lucent, Nvidia, Philips, Precor, and Texas Instruments. Agile Product Collaboration(tm), Agile Product Cost Management(tm), Agile Product Service & Improvement(tm), Agile Program Execution(tm), and Agile Engineering(tm) solutions help companies reduce materials costs, rapidly introduce products to meet demand, and substantially improve productivity and product quality. For more information, call 408-975-3900 or visit Agile at www.agile.com.
