Dryvit Goes with Formation for PLM

Insulation manufacturer implements product lifecycle management solution to speed development

Southborough, MA — May 30, 2003 — Insulation manufacturer Dryvit Systems has implemented a product lifecycle management (PLM) solution from Formation Systems in a bid to speed the development of new products and reduce redundancies in purchasing.

West Warwick, R.I.-based Dryvit, a division of RPM International, is the world's top manufacturer of exterior insulated cladding systems for commercial buildings. The company operates five manufacturing plants in the United States and Canada, including one at its headquarters in West Warwick, in addition to one facility in China and another in Poland.

Dryvit has been growing steadily since its inception in 1969. As with most companies, this has caused the use of many disparate systems and processes to support their product development efforts. The company recognized that standardized product lifecycle management procedures could save the company significant time and money by integrating and streamlining these multiple disparate systems and processes. As a result, Dryvit decided to implement Formation's Optiva solution because of its strong search functionality and its ability to ease workflow.

"As our organization grew, we knew that we were creating duplications of time and materials within our multiple divisions and recognized that we needed a solution that would manage these redundancies and speed product delivery," said Jan Nogradi, vice president of operations and corporate development at Dryvit. "In Optiva, we have a solution that not only enables greater collaboration but also helps us easily assimilate new products into the production schedule and increase potential savings on the purchase of raw materials."

Using Optiva for product lifecycle management, Dryvit is enabling real-time access to its existing MAPICS database for data retrieval and updates. In addition, Formation says that Optiva enables faster product innovation by putting all pertinent data into a centralized database repository. With the integrated workflow capabilities, Dryvit has better tools and processes to help speed the time to market by monitoring and automating the approval process throughout the organization.

Other benefits include greater visibility into the product development and reduced development and introduction costs, according to the solution provider.

"Speeding product development by increasing collaboration during the innovation process is a key concern of many organizations as they look to bring products to market faster and at reduced costs," noted Dan Keelan, president and CEO of Formation Systems. Keelan added that Optiva can help companies like Dryvit Systems manage redundancies and streamline business processes to create greater efficiencies and enhance their product offerings.