AEON Implements PTC(R) Solutions To Improve Product Planning
And Development Process
Japan's Leading Retailer Strengthens Information Sharing and
Collaboration to Increase Sales of Private Brands
NEEDHAM, Mass.--(BUSINESS WIRE)--September 05, 2007 PTC (Nasdaq:PMTC), 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 and development process. With FlexPLM, AEON will strengthen its capability to share information and improve collaborations in the development process of their private brand products, in addition to improving its product quality and increasing its share in the market.
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 their workflow and improve productivity by sharing information among different departments. To overcome these challenges, AEON adopted PLM 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 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."
AEON is a retailing group of over 150 global member companies whose business model is based on shopping center 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 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.
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 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 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 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 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 or its subsidiaries in the United States and in other countries.