Customers Equipped for Compliance and Traceability, Accelerated Innovation and Improved Productivity
News Facts :
- Oracle today unveiled Oracle’s Agile Product Lifecycle Management for Process (PLM) 6.0. This includes integrated formula and label development, embedded compliance and traceability tools and out-of-the-box solutions and services for the food and beverage industry.
- The new release helps customers in today’s demanding and fast paced food and beverage industry drive profitable innovations, ensure product quality, compliance and traceability, lower costs and improve productivity across the entire product lifecycle.
- Agile PLM for Process 6.0 is the latest milestone for Oracle’s “Applications Unlimited” program.
New Capabilities Aid Compliance in Complex Regulatory Environments, Promote Best Practices :
1. Enhancements and new capabilities in Agile PLM for Process 6.0 help customers navigate and comply with rapidly changing regulations in the food and beverage industry. With Agile PLM for Process 6.0, customers can now:
2. Enable product traceability and regulatory compliance:
- Improved Computer-Aided Compliance Screening Tool: Simultaneously analyzes recipes for compliance against multiple government regulations and market-driven constraints in real-time. The enhancements also help break down the barriers between recipe design teams and quality and compliance groups, speeding time to market and ensuring compliance.
- Impact Analysis and Change Management Dashboard: Identifies and traces products affected by recipe or packaging changes and initiates change management processes across all relevant products, balancing the need for governance and traceability with the need to react quickly to changes. This helps minimize errors and increase productivity, while also enabling customers to manage complex inter-related product hierarchies with easy to use tools.
- Integrated Label Claims Determination Tools: Analyze products to determine if certain label claims are valid across multiple regulatory rule sets. Increased automation in claims determination processes reduces risk of error, reduces cycles between R&D and regulatory, and can help identify additional opportunities for marketing.
- Improved Supplier Collaboration and Compliance: Electronic signatures and an expanded supplier self service portal that includes supplier-initiated product change requests and support for finished goods collaboration for co-pack and private label business scenarios.
3. Integrate formula and label development:
- Enhanced Formula Commercialization Tools: Enable and streamline the evolution of bench formulas into commercialized recipes.
- Improved Label Development Tools: Dynamically generate label nutrition, ingredient statements and other technical label data directly from recipes for multiple markets, regions and countries.
4. Achieve rapid deployment and adoption:
- Standardized Out-of-the-Box Industry Data Model and Processes: Accelerates time to value and promotes best practices.
- New User Interface Controls: Improves user adoption by providing drag and drop, type-ahead search, in-line table editing, powerful querying tools and more streamlined navigation.
- Exposed PLM Backbone: Helps improve deployment time by quickly integrating unique customer needs through the easily accessible SOA layer.
- Extensibility Points: Extends application functionality such as eventing, security, validation and calculation logic through pre-built extension points.
Supporting Quotes :
- "Oracle has been a great partner and has worked with us extensively to understand both our strategic goals and our day-to-day processes,” said Tyson Foods, Inc. Craig Bacon, Senior Vice President of Research and Development. “We have seen tremendous benefit to date using Oracle’s PLM for Process solution including an improvement in our time to market of over 50 percent. We anticipate even greater benefit with this release as it will help us better manage our product complexity and provide important new capabilities that will allow for efficient and deep collaboration with our suppliers."
- “Process manufacturers face a demanding and highly volatile business environment that presents unique challenges when managing a product’s lifecycle,” said IDC Practice Director, Supply Chain Strategies, Simon Ellis. “As a consequence of the critical focus on effective innovation, along with mounting regulatory and compliance challenges, organizations need tools that can help them mitigate risks while also facilitating best practices across the entire product lifecycle. Agile has a strong heritage in PLM and Oracle is extending its leadership by investing in innovations that address specific market needs.”
- “PLM is now a strategic tool for process manufacturers as they seek to mitigate risks, improve productivity and drive profitable innovations,” said Oracle Vice President, PLM Product Strategy Hardeep Gulati. “With this release, Oracle is able to offer customers the most complete food and beverage PLM capability in the market today. This further extends our Enterprise-class PLM offerings by providing the food and beverage industry with what they need, out-of-the-box, all delivered within a scalable PLM framework.”