New Product Lifecycle Management Solution Integrates Product Data Across the Enterprise
Atlanta, GA, September 20, 2016 – Stibo Systems, the global leader in multidomain Master Data Management (MDM) solutions, today announced the availability of SpirePLMTM, a flexible and comprehensive Product Lifecycle Management (PLM) solution powered by Stibo Systems’ Master Data Management platform STEP. Unlike other PLM systems that store product information in one place and leave other IT systems and data independent, SpirePLM works in concert with STEP to gather, integrate and clean data from different systems and then stores information in a central repository. This ensures that organizations work with a single version of the truth throughout the product development cycle.
Due to increasing customer demands, organizations are constantly pressured to reduce time-to-market and to remain competitive. As a result, efficiently managing information in the product life cycle becomes critical in order to launch products faster without sacrificing quality. However, product data is often stored and managed from different and disconnected systems, which can result in poor designs, reduced visibility, and no guidance for standards, which directly affects customer satisfaction and how quickly new products can launch.
SpirePLM addresses these challenges by providing flexible data models and processes to efficiently manage products from ideation to end-of-life. Specifically, the solution manages product information across three distinct areas: line and portfolio planning, new product development and change management.
“Adequately implementing a PLM system can be very complex, and many applications don’t provide the necessary flexibility to properly mold themselves to the specific needs of the business. This impacts the ability to deliver on the optimized product development cycle that most businesses require,” said Simon Walker, Director of Innovation, Stibo Systems. “SpirePLM optimizes business processes so organizations can overcome challenges that emerge during a products’ lifetime, and provides critical visibility and traceability through audit trails and reports to deliver full accountability for regulatory compliance.”
The first evolution of the SpirePLM will focus on the Retail and CPG industries. Additional features of the PLM solution include: flexible processes to manage requirements; pricing and branding data; comprehensive new product development and release management; accurate problem and change reporting; complete view of structures such as Bill of Materials, and efficient tools to integrate information from multiple systems.
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About Stibo Systems
Stibo Systems is the global leader in multidomain Master Data Management (MDM) solutions. Industry leaders rely on Stibo Systems to provide cross-channel consistency by linking product and customer data, suppliers and other organizational assets. This enables businesses to make more effective decisions, improve sales and build shareholder value. During the last 30 years, Stibo Systems has helped hundreds of companies to develop a trusted source of operational information. A privately held subsidiary of the Stibo A/S group, which was originally founded in 1794, Stibo Systems' corporate headquarters is located in Aarhus, Denmark. For more information, visit www.stibosystems.com.