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Panorama Software Announces Strategic Position With RFID Services Platform19 June 2005
Panorama Software, a global leader in business intelligence (BI) solutions for the Microsoft Corp. platform, today announced that it is one of the first BI software partners of Microsoft to be invited to participate in RFID (Radio Frequency Identification) technology developments. Panorama will soon release its first RFID BI system, built on top of the recently announced Microsoft RFID Infrastructure, as part of its current Panorama Supply Chain Intelligence solution.
The dynamics of the Panorama Supply Chain Intelligence solution will enable users to leverage Business Intelligence and RFID technology allowing true visibility into real-time supply chain information at all levels of the organization. As a recognized leader in the BI space, Panorama is also a member of the Microsoft RFID Partner Advisory Council providing business intelligence expertise to RFID expansion programs within Microsoft's RFID services. Qualifying RFID in the market today has proven to be a real challenge. Panorama has developed Business Intelligence enablement tools for analysis of RFID return on investment (ROI). These tools will empower partners & customers to see immediate impact from the benefits associated with RFID technology adoption.
Radio frequency identification (RFID) is a method of remotely storing and retrieving data using devices called RFID tags/transponders. An RFID tag is a small object that can be attached to or incorporated into a product. RFID tagging stands to revolutionize the way many businesses choose to optimize their operations and thus, Panorama recognizes the need to bring key business value to RFID aware operations.
"RFID is one technology that can make dramatic and rapid improvements in overall customer service. Panorama has taken the first step towards acknowledging this customer requirement through our Supply Chain Intelligence RFID solution," said Allon Cohen, Vice President, Product Management, Panorama Software. "As a result of the demand for RFID solutions in various industries including manufacturing, distribution and retail, our BI offering will provide substantial insight into a product's lifecycle and enable businesses to optimize information at all levels."
Panorama Software's RFID BI system will include the following key features:
- ROI Analytics & Measurement enablement tools, to drive technology collaboration through data rich applications in evaluating the initial launch process of RFID solutions as well as throughout solution lifecycles.
- Receipt Analytics - Includes automatic update of inventory and valuation
- Storage Analytics - inventory management
- Transportation Analytics - Includes movement and consolidation for trans-shipment
- Maintenance Analytics - Includes movement tracking and assembly/disassembly
Panorama's customer base will be able to see true ROI and profitability through the following key advantages and benefits of Panorama Supply Chain Intelligence:
- Will allow financial visibility into the supply chain, enabling customers to consistently measure the real value of supply chain costs and product profitability
- Help to identify pattern and trends in the system, identify irrelevant or incorrect information and trigger different processes.
- Will not only alert its users to potential issues hidden in underlying data, but also enable user to quickly access and analyze its relationship to other business patterns for resolution.
- Tightens the supply chain, lowering stock levels and improving responsiveness.
- Panorama Software's system will provide users with better asset management such as location-based optimizations for transition of items, location of products on retail stores etc.
- Panorama Software's system will offer predictive analysis and use supply chain transaction information.
"Panorama Software continues to deliver cutting-edge business intelligence solutions," said Chris Caren, General Manager, Office Business Applications Group at Microsoft. "Its RFID Services platform supports Microsoft's decision to have Panorama as a strategic partner in RFID technology development. Together, we are enabling companies to realize dramatic improvements in overall customer service."
Panorama Software continues to demonstrate its commitment and BI leadership supporting the Microsoft platform. Most recently it announced its support for Microsoft "Maestro" business performance management application with its scorecard performance solutions, code named "Symphony". In addition its flagship BI solution - Panorama 4.5 - now fully supports Microsoft SQL Server 2005.
About Panorama Software
Panorama Software helps global organizations unlock the hidden value of their information assets to improve business performance and results. Panorama extends the Microsoft platform through integrated business intelligence and corporate performance management solutions. With Panorama decision makers at all levels and functions can easily analyze data, quickly create and distribute reports, and proactively measure performance. Companies gain a greater understanding of their business and make better decisions. These informed decisions improve profitability, increase revenues, reduce costs and time to market and mitigate competitive risks.
Source: Business Wire
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