webMethods Extends webMethods Fabric With Product Information Management
July 11 2005 - 9:00AM
PR Newswire (US)
webMethods Extends webMethods Fabric With Product Information
Management New Capabilities Provide Critical Systems, Key Business
Processes and Supply Chain Partners With a 'Single Version of the
Truth' for Product Data FAIRFAX, Va., July 11
/PRNewswire-FirstCall/ -- webMethods Inc. (NASDAQ:WEBM), a leading
business integration and optimization software company, today
introduced webMethods Product Information Management (PIM), a new
component of the webMethods Fabric(TM) product suite that provides
retailers and suppliers with a 'single version of the truth' for
all of their operations that rely on accurate, up-to-date product
information. Through real-time aggregation of product data into a
centralized repository as well as dynamic synchronization with
supply chain partners, webMethods PIM extends enhanced, role-based
visibility and accessibility to trusted product data to all of the
business processes, transactions and users that depend upon this
information. In doing so, webMethods PIM can be used to help reduce
the cost of complying with current data synchronization mandates,
to improve supply chain collaboration, to speed new product
introductions, and to fuel additional corporate initiatives
designed to turn existing product data into a strategic business
asset. webMethods PIM builds upon technology licensed from GXS, a
leader in B2B integration technology, as part of a strategic
partnership that the two companies announced in November 2004.
According to a recent report from AMR Research, A Sell-Side Product
Information Management Vendor Landscape (Robert Bois, Eric Newmark
and Jim Murphy, 3/16/05), "Companies that react now and build a
pragmatic PIM system will dramatically increase their agility for
deploying future product-related initiatives such as dynamic
catalog generation, multichannel product syndication, or more
effective print catalog creation ... As e-commerce standards
continue to evolve, and the balance of power between buyers and
sellers oscillates, the agile company with a sound PIM strategy
will enjoy a significant competitive advantage." "webMethods PIM
can now be used to help retailers and suppliers measurably reduce
error rates across all levels of operations that rely on product
data," said Deborah Rosen, executive vice president, Worldwide
Marketing, webMethods Inc. "Likewise, both internal and external
collaboration and response times can be significantly enhanced and
operational costs can be further reduced by using webMethods PIM as
the source for a single set of automatically- maintained product
data." webMethods PIM helps enterprises ensure that accurate
product data is available to the end users and systems that require
this information. Ultimately, enterprises can use the enhanced
business process automation and product data synchronization
capabilities of webMethods Fabric and webMethods PIM to help
overcome critical business challenges, such as reducing costly
catalog discrepancies and invoicing errors, eliminating lost sales
due to delayed product rollouts and the inability to meet specific
packaging requirements of key customers. Long term, this mastery of
product data is a significant step in becoming truly demand-driven
as it supports a number of key collaborative initiatives, including
RFID (radio frequency identification), CPFR (collaborative
planning, forecasting, and replenishment), Price Synchronization
and fully-integrated, multi-channel marketing. As its foundation,
webMethods PIM incorporates a flexible, centralized repository with
extensive metadata management capabilities for storing and
maintaining detailed product attributes, including descriptions and
imagery, sizing and packaging information, detailed pricing, and
versioning of each of these elements. Transforming this repository
into a platform for managing product data are additional
capabilities for navigation, personalization, process workflow, and
quality assurance and compliance that provide users with an
integrated means for maintaining and using this information in
accordance with established standards. Specific features include
automated cross- referencing and reconciliation of inventory,
support for multiple languages, event-triggered alerts and
notification, and unique templates for both retailers and suppliers
with high levels of customization offered for defining product
fields, search criteria, workflow processes and compliance
standards. In conjunction with the release, webMethods and GXS will
be co-hosting a webinar entitled "Integrated Product Information
Management: Optimize Promotions. Maximize Product and Brand
Management. Achieve a High Performance Supply Chain" on Wednesday,
July 13th at 2:00 PM EDT. Interested parties can attend by visiting
http://www.gxs.com/webinar_wm_07132005.htm. Additional pricing and
availability for webMethods PIM is available from webMethods. About
webMethods Inc. webMethods (NASDAQ:WEBM) provides business
integration software to integrate, assemble and optimize available
IT assets to drive business process productivity. webMethods
delivers an innovative, enterprise-class business integration
platform that incorporates proven integration technology with next
generation capabilities into one interoperable set of tools that
delivers a unique combination of efficiency, agility and control.
webMethods combines industry leadership with a zealous commitment
to customers to deliver tangible business value to more than 1,300
global customers. webMethods is headquartered in Fairfax, Va., with
offices throughout the U.S., Europe, Asia Pacific and Japan. More
information about the company can be found at
http://www.webmethods.com/. The webMethods name and logo, are
registered trademarks, and webMethods Fabric is a trademark, of
webMethods, Inc. in the United States and certain other countries.
All other marks mentioned are trademarks or service marks of their
respective companies. DATASOURCE: webMethods Inc. CONTACT: Brenda
Hansen of webMethods, Inc., +1-703-460-5847, or Web site:
http://www.webmethods.com/
http://www.gxs.com/webinar_wm_07132005.htm
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