Press Release Summary:
FINeCHAIN v3.0 addresses customer Collaborative Supply Chain Planning issues from demand forecasting to collaborative manufacturing and production scheduling. It includes industry-specific solutions for Control Laboratory and Manufacturing, Service Parts, and Complex Manufacturing. Software facilitates key routines such as month-end, scheduling calculations, exception retrieval, and net forecast population. Language support for French and Italian also included.
Original Press Release:
Finmatica SCM Announces FINeCHAIN Release 3.0, Rolls Out Industry Specific Solutions
New FINeCHAIN Collaborative Supply Chain Planning release targets demand-driven enterprises across industries; vertical solutions for 3 key markets
Milan, Italy, September 15, 2003: Finmatica SCM today announced Release 3.0 of FINeCHAIN, the Extended SCM suite that addresses extensive customer Collaborative Supply Chain Planning (CSCP) issues from demand forecasting & planning to collaborative manufacturing planning and production scheduling. FINeCHAIN 3.0 includes a series of enhancements to help demand-driven enterprises reduce inventory levels, develop realistic forecasts through collaborative planning and production scheduling and improve customer satisfaction levels. The release provides key CSCP functionality across industries including CPG, Food & Beverage, Specialty Chemical, Pharmaceutical and Medical.
In addition to the core CSCP solution, Release 3.0 provides three industry specific FINeCHAIN solutions - FINeCHAIN Control Laboratory & Manufacturing Solution, FINeCHAIN Service Parts Solution and FINeCHAIN Complex Manufacturing Solution - targeted at the Specialty Chemical & Pharmaceutical industries, Service Parts aftermarkets and complex manufacturing companies respectively.
The packages have been formulated based on the extensive domain knowledge Finmatica has gleaned by working with leading companies in these industries over the past decade such as Sanofi-Synthélabo, GlaxoSmithKline, Aventis, GM, Saturn, TRW, Arcelor, EADS and ALSTOM. This new focus will allow Finmatica to provide more value to companies in these industries through dedicated suites that address industry specific issues.
"Given the high number of generic ERP and SCM vendors in the market today, specialization is becoming an increasingly important factor in winning deals and helping clients to derive fast benefits from solutions," explained René Desvignes, executive vice-president, Finmatica SCM. "Gone are the days of long paybacks and business cases with unproven ROI. Industry specific product strategies address faster implementation and ROI requirements while industry fit, functional depth and integration expertise are key for supporting the best practices of demand-driven supply chain processes. Our focused domain expertise allows us to hit the ground running at implementation time, saving our clients time and money," continued Desvignes.
FINeCHAIN Collaborative Supply Chain Planning Release 3.0 Highlights:
FINeCHAIN 3.0 combines important releases of the demand forecasting and collaborative manufacturing planning and production scheduling modules of the suite. Enhancements to the demand planning suite include:
o Improved supply chain visibility - Web based supply chain collaboration for forecasting and planning with customers and suppliers. In particular for the Food & Beverage and CPG marketplaces, new features have been included to deal with Shelf Life and Daily Forecasting, while further enhancements have been made to the Vendor Managed Inventory functionality.
o Performance improvements - Significant performance enhancements over previous versions for key routines including month-end, scheduling calculations, exception retrieval and net forecast population. Internal tests have shown a decrease of more than 50% in processing time for many of these core routines, above all in very large database environments.
o Additional language support - The release also adds language support for French and Italian to appeal to increasingly global client organizations.
In the manufacturing planning and production scheduling modules, new features include:
o Enhanced web-based collaborative event management with input from planners or collaborators, regardless of location
o GUI (Graphical User Interface) improvements and customizations - KPI (Key Performance Indicators) dashboard for better monitoring and fast intervention
o Enhanced planning & scheduling simulation capabilities
o Improvements in load levelling engines
o Powerful performance, security and administration improvements throughout
The industry solutions are FINeCHAIN packages that address special and dedicated functionality in the following areas:
o FINeCHAIN Control Laboratory and Manufacturing Solution - An important player in the realm of Manufacturing Planning and Production Scheduling for the past decade, Finmatica introduces this Collaborative Planning and Scheduling solution for pharma and specialty chemicals control laboratories. The solution helps balance the workload with respect to laboratory capacity, and plan and schedule all control-related activities. Provides features to streamline complex project planning by providing unlimited "what-if" scenarios, handling multiple resources - equipment and analysts - and effectively managing constraints in order to devise the best planning strategy. Sports a web-based architecture that offers collaborative planning between central planning and control labs and effectively provides a bridge between existing ERP, MES and LIMS systems.
o FINeCHAIN Service Parts Solution - Solutions to help Automotive and other aftermarkets manage sporadic moving items, returns, successor/predecessor planning, and 'all time buy' decisions to optimize inventory management and stock levels, coordinate and synchronize the supply chain production flow and get permanent, real-time visibility on the various workshops for optimum responsiveness to unexpected production events and sales disturbances.
o FINeCHAIN Complex Manufacturing Solution - Collaborative Manufacturing Planning and Production Scheduling solution provides specific features to manage make-to-order businesses with long cycle times, multiple operations and multiple production hazards. This solution covers the extended supply chain (internal and external activities like subcontractors or suppliers) from long-term planning to short-term scheduling, multiple collaborative planners, graphical representation and features and offers a full integration with ERP and MES systems.
"Release 3.0 is an important milestone for Finmatica SCM and it reaffirms our commitment to developing value-added solutions for our customers to improve demand forecasting and planning across the enterprise," stated Jean-Luc Badoc, CTO of Finmatica's SCM division. "Our R&D organization is dedicated to providing solutions that address key customer business issues and which scale to accommodate business growth. Future releases will continue to address SCP issues and build-in industry specific functionality for focus verticals."
To support the industry solutions launch, Finmatica is embarking on a strong vertical marketing campaign and will sponsor several major upcoming industry events including APICS in Las Vegas and Interlog, the major European fair for service parts and aftermarket logistics.
About Finmatica SCM
Finmatica SCM is the Business Unit of Finmatica that develops, sells and implements the FINeCHAIN suite of best-of-breed software applications for the extended supply chain. With more than 500 installations around the world, FINeCHAIN provides process improvement for customer order management, supply chain planning and supplier relationship management. FINeCHAIN's component-based architecture makes it easy to start optimizing supply chain processes with focused projects that can be rapidly implemented and deployed and bring proven, fast ROI. For more information, visit www.finechain.com
Headquartered in Milan, FINMATICA (www.finmatica.com) is an Independent Software Vendor (ISV) in the B2B/Supply Chain Management, Finance and Security sectors. The group, listed on Italy's Nuovo Mercato, closed 2002 with revenues amounting to 125.7m Euro and a net profit of 8.2m Euro. Finmatica is present worldwide with offices in France, Germany, Spain, England, Ireland, Belgium, the Czech Republic, Brazil, USA and Australia. In total, the group numbers about 900 employees.