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The application, which is based on the MatrixOne eMatrix product, provides a database of the technical specifications necessary to run a CPG manufacturing business.
Proctor & Gamble's product combines work processes and an information system of technical specifications. It is designed to reduce material costs and time for product development, and improve quality. Created internally in 1997, the application was originally built to meet the demands of six business units. It now supports Procter & Gamble's global business.
The company no longer wants to support the application and sees the MatrixOne licensing agreement as an opportunity to maintain the product's development while also driving technical specification standards in consumer packaged goods and pharmaceutical industries.
Steve David, chief information officer at Procter & Gamble, said, "We do not want to be in the software business," adding that it would be too costly to continue developing upgrades for the application.
Mark O'Connell, president and chief executive of MatrixOne, said, "By building a technical specifications management application on our eMatrix technology, Procter & Gamble has furthered its tradition of excellence and created an opportunity for the entire CPG industry to realise new levels of innovation, productivity, and cost savings."