AEON Implements PTC(R) Solutions To Improve Product Planning And Development Process.Japan's Leading Retailer Strengthens Information Sharing See data conferencing. and Collaboration to Increase Sales of Private Brands NEEDHAM, Mass. -- PTC (PTC, Needham, MA, www.ptc.com) Long a world leader in mechanical computer-aided design, manufacturing and engineering software, PTC, through acquisitions and reorganization, has transformed itself into a leading provider of Internet-based B2B solutions for discrete manufacturers. (Nasdaq:PMTC PMTC Prevention of Mother to Child Transmission (of HIV/AIDS) PMTC Pacific Missile Test Center PMTC Professional Multimedia Test Center ), the Product Development Company(R), today announced that AEON Co., Ltd., headquartered in Chiba, Japan, has implemented FlexPLM[TM], PTC's solution for retail, footwear and apparel, to improve its product planning Product Planning is the ongoing process of identifying and articulating market requirements that define a product’s feature set. See also
AEON was established in 1926 and is a group company with retail as its core business. Their revenue in FY2006 was 4.8 trillion yen (approximately 39 billion US dollars). AEON's vision is to become a global leader in the retailing industry and they are strengthening their private brand products as a part of their strategy. The number of their seasonal private brand items has increased significantly in recent years, and with the products constantly changing every season, they were faced with a challenge to improve their product development capability. They also needed to standardize stan·dard·ize v. 1. To cause to conform to a standard. 2. To evaluate by comparing with a standard. their workflow The automatic routing of documents to the users responsible for working on them. Workflow is concerned with providing the information required to support each step of the business cycle. and improve productivity by sharing information among different departments. To overcome these challenges, AEON adopted PLM (Product Life cycle Management) A comprehensive information system that coordinates all aspects of a product from initial concept to its eventual retirement. Sometimes called the "digital backbone" of a product, it includes the requirements phase, analysis and design as a part of their solution and chose FlexPLM. By using FlexPLM to improve their product planning and development process, AEON will be able to share information and manage project schedules among different departments, textile partners and their suppliers in every stage of the process. In addition, central management of the product data will increase the credibility and reliability of the shared information. The standardized standardized pertaining to data that have been submitted to standardization procedures. standardized morbidity rate see morbidity rate. standardized mortality rate see mortality rate. workflow will also free the employees from unnecessary tasks and enable them to concentrate on their main tasks, resulting in the reduction of lost business opportunities. FlexPLM will enable AEON to achieve "Planning and Development Environment without Waste". "We need to increase the share of private brand products within our Apparel Division to improve the overall business of AEON. To meet this objective, a PLM system was necessary to establish efficient operation processes as well as an environment to improve our product development capabilities," said Mr. Atsunobu Agata, chief information officer, AEON. "The purpose of this project is to leverage IT to improve the product development processes where many departments are involved. We worked with both internal and external teams for this project and put a lot of effort into understanding the business processes and defining project requirements. Accordingly, we chose FlexPLM as the best software to support our new process." "PTC's success in Japan's retail, footwear and apparel industry reflects our commitment to working with customers like AEON to understand and meet their unique business requirements," said Kathleen Mitford, vice president, retail, footwear and apparel vertical market strategy, PTC. " The addition of AEON to our customer base highlights the momentum of PLM in Asia as a critical area of investment in business innovation as market leaders strive to increase operational efficiency and maximize productivity in product development." About AEON AEON is a retailing group of over 150 global member companies whose business model is based on shopping center shopping center, a concentration of retail, service, and entertainment enterprises designed to serve the surrounding region. The modern shopping center differs from its antecedents—bazaars and marketplaces—in that the shops are usually amalgamated into operation. Under its "glocal" (global+local) strategy, AEON aims to be the best local retailer in all of its locations by combining world class management systems with merchandise and services that are fine-tuned to local needs and characteristics. With customers' understanding and support, AEON has grown to become the leading company in Japan's retail industry. AEON has evolved into a corporate group with considerable social and economic influence and responsibilities in Japan. For more information on AEON, please visit http://www.aeon.info/en/aboutaeon/. About PTC solutions for retail, footwear, and apparel PTC[R] solutions for retail, footwear and apparel are designed to meet the product lifecycle Product lifecycle or product life cycle is the course of a product's sales and profits over time. The five stages of each product lifecycle are product development, introduction, growth, maturity and decline. management requirements of retailers, branded manufacturers and their suppliers. These web-based solutions are comprised of FlexPLM[TM] and provide configurable functionality and information visibility across the enterprise and its supply chain. PTC is a leading provider to top retail, footwear and apparel brands worldwide. About PTC PTC (Nasdaq: PMTC) provides leading product lifecycle management (PLM), content management and dynamic publishing solutions to more than 50,000 organizations worldwide. PTC customers include the world's most innovative companies in manufacturing, publishing, services, government and life sciences industries. PTC is included in the S&P Midcap mid·cap adj. 1. Or or relating to corporations whose retained earnings and outstanding shares of common stock have a value between those of small cap companies and large cap corporations. 2. 400 and Russell 2000 indices. For more information on PTC, please visit http://www.ptc.com. Except for the historical information contained herein, matters discussed in this news release may constitute forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. that involve risks and uncertainties that could cause actual results to differ materially from those projected. These include: our ability to continue to successfully develop and integrate the technology necessary to offer an integrated product development system for the Retail, Footwear and Apparel industry that adequately responds to evolving customer requirements including the system's ability to facilitate global product development and control all aspects of the development cycle so that products are delivered to the marketplace quickly; the continued growth in the adoption of PLM solutions by these customers and our ability to maintain key customer relationships providing the foundation for repeat business; and our ability to achieve our growth objectives by extending our solutions to vertical industries, beyond the discreet dis·creet adj. 1. Marked by, exercising, or showing prudence and wise self-restraint in speech and behavior; circumspect. 2. Free from ostentation or pretension; modest. manufacturing verticals traditionally served by PTC; as well as other risks and uncertainties detailed from time to time in reports filed by PTC with the Securities and Exchange Commission, including the Company's most recent reports on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. and 10-Q. The announcement of any particular selection of PTC products is not necessarily indicative of the timing of recognition of revenue from such order or the level of revenue for any particular period. PTC and its logo, The Product Development Company, FlexPLM and all PTC product names and logos are trademarks or registered trademarks of Parametric Technology Corporation |Parametric Technology Corporation]] Parametric Technology Corporation (PTC)(NASDAQ: PMTC) provides Product Lifecycle Management (PLM) engineering CAD/CAM software and content management and dynamic publishing solutions to more than 40,000 companies worldwide. or its subsidiaries in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and in other countries. |
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