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LVMH Perfumes and Cosmetics Leverages Formation Systems to Improve Time to Market
Formation Systems' Optiva Will Enable More Efficient
and Effective Product Development
Formation Systems, a leading provider of 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 (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 ) solutions, today announced that LVMH LVMH Mot HennessyLouis Vuitton (upscale retailer) Perfumes and Cosmetics, a worldleader in fragrance and beauty has implemented Formation Systems' flagship product A primary product of a company, which is typically why the company was founded and/or what made it well known. For example, MSDOS, Windows and the Microsoft Office suite have been flagship products of Microsoft. CorelDRAW is a flagship product of Corel Corporation. Optiva to improve time to market of new products by integrating with its ERP (Enterprise Resource Planning) An integrated information system that serves all departments within an enterprise. Evolving out of the manufacturing industry, ERP implies the use of packaged software rather than proprietary software written by or for one customer. system, SAP. Optiva has consolidated many different disparate R tools providing one single view of important materials and recipes.
LVMH Perfumes Cosmetics required a solution to replace its outofdate system for archiving and storing important product histories and formulas. Because the different product teams stored information in their own disparate systems, it was difficult for the teams to access information in each database, or even know where to find valuable data. By making all of the databases available through a single interface with Optiva, LVMH Perfumes Cosmetics will be able to reduce time to market, by increasing collaboration and reducing redundancies. In addition, LVMH Perfumes Cosmetics can link its Optiva system to its existing document management and enterprise portal See corporate portal. , ensuring information is always up to date and easily accessed from any location.
"As our companies continued to grow, we saw a critical need for a collaborative solution that would enable each of our product units to cull cull
the act of culling. Called also cast. information, resources, and materials from each other, thereby streamlining the product development process and bringing products to market faster," said Nathalie Volpe, project leader and head of the Technical R Department at LVMH P "Formation Systems will enable us to have a single view into our previously disparate systems, eliminating redundant developments and ultimately saving money within product development."
To better manage the process of creating innovative, cost efficient products
LVMH P implemented four Optiva applications designed to speed testing and delivery of products. Optiva Programs enables LVMH P management to oversee the entire product development process, helping to eliminate duplication of entry and ensure realtime status updates. Optiva Packaging ensures that all products meet uptodate labeling mandates with automatically generated labels, while Optiva Compliance integrates global regulatory restrictions, best practices and guidelines into the creative process. Finally, Optiva Testing ensures that the product meets those global requirements and alerts the entire project team if requirements are not met.
"Organizations like LVMH P understand that the value of providing a single interface into disparate knowledge bases is reduced time to market and increased collaboration across the organization," said Dan Keelan, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Formation Systems. "Formation Systems' Optiva is a natural choice for companies like LVMH P who want to pool resources from across the company to make winning products, faster."
About LVMH P
LVMH P is one of LVMH divisions including Parfums Christian Dior Parfums Christian Dior is the makeup and perfumery line of Christian Dior SA, based on the company created by twentiethcentury fashion designer Christian Dior. It was created in 1947 with the launch of Miss Dior perfume. , Parfums Guerlain, Parfums Givenchy Parfums Givenchy (pronounced [ is a French brand of Parfums, Cosmetics (Make up and skincare). Kenzo. The R structures were merged in 1999, to consolidate their manpower and knowledge.
About Formation Systems
Formation Systems develops Optiva, a suite of product development software for process industries. Their mission is to ensure a company's best ideas become the world's greatest products. Formation customers include large global Fortune 500 companies such as The CocaCola Company, GE Plastics, Akzo Nobel Akzo Nobel is a multinational company, active in the fields of healthcare products, coatings and chemicals. Headquartered in Amsterdam, the Netherlands, the company has activities in more than 80 countries, and employs approximately 62,000 people. , Kerry Group plc, Golden State Foods,[url=http://www.sport.fr/smartphones/moncler.asp]doudoune moncler[/url], Parfums Christian Dior, Yves Rocher, RPM and The Valspar Corporation. Formation's software offers customers high return, low risk and quick time to benefit. Founded in 1995, Formation Systems is privately held and headquartered in Southborough, Massachusetts.