Recent Research Aligns with Lawson's Unified Approach to Enterprise Asset Management and Enterprise Resource Planning
Manufacturers can achieve "best-in-class" performance with Lawson
ST. PAUL, Minn.--(BUSINESS WIRE)--Aug. 26, 2008--Lawson Software (Nasdaq: LWSN) today shared key findings of a recent Aberdeen Group report, "Enterprise Asset Management: Maximizing Return on Assets and Emerging Trends." According to the report, "best-in-class" manufacturing companies use asset management strategies to help reduce operational costs, improve profitability and ultimately improve their competitive advantage. The report, which surveyed more than 160 manufacturing executives, showed these "best-in-class" manufacturers, on average, realize 97 percent plant throughput, 93 percent overall equipment effectiveness and 31 percent less asset downtime than other manufacturers.
The full Aberdeen report is available for download at: www.lawson.com/EAMManufacturing.
The Aberdeen study, conducted by Mehul Shah and Matthew Littlefield, research analysts with Aberdeen's Global Manufacturing Practice, shows "best-in-class" manufacturing companies are more likely to have implemented Enterprise Asset Management (EAM) systems and linked those EAM systems with their plant floor and Enterprise Resource Planning (ERP) systems. The study also found that "best-in-class" manufacturing companies tend to integrate energy management into their overall asset management strategy to help manage energy costs.
Lawson's approach to EAM is in line with Aberdeen's recommendations derived from the research. By using the Lawson M3 Enterprise Asset Management Suite with Lawson Business Intelligence in conjunction with other Lawson or third-party enterprise software systems, manufacturers can get a common view of data. This can ultimately help improve access to organization-wide production and asset performance data.
According to the report, manufacturing companies seeking to achieve "best-in-class" performance should:
-- Improve visibility into production and asset performance
across the enterprise through the use of asset analytics and
dashboards;
-- Invest in an EAM solution and establish real time
interoperability between EAM and ERP;
-- Move from a break-fix maintenance approach to a more
predictive approach by adopting advanced capabilities such as
Reliability Centered Maintenance (RCM).
The Lawson M3 Enterprise Asset Management Suite can help manufacturers become a "best-in-class" organization. Designed for companies whose asset reliability is crucial for success, the suite can help manufacturers simplify management of operational assets by automating processes associated with preventive maintenance, work orders, diagnostics, vehicle operations and statistical analysis.
"The Lawson EAM system has helped us reduce spare parts inventory by 40 percent while improving production reliability," said Claes Hansson, manager of maintenance and purchasing/inventory, Skanemejerier, one of the largest dairy companies in the Scandinavian market. "It gives us much better control over costs. We now know what our biggest expenditures are and where resources are located so we can avoid unnecessary costs."
"Lawson Enterprise Asset Management and ERP applications help manufacturers achieve 'best-in-class' status through our industry-specific functionality," said Brian Dunks, senior product manager for Lawson. "This study validates that asset-reliant companies need solutions like ours to help them better manage their business and deal with planned and unplanned disruptions."
About Lawson Software
Lawson Software provides software and service solutions to 4,000 customers in manufacturing, distribution, maintenance and service sector industries across 40 countries. Lawson's solutions include Enterprise Performance Management, Supply Chain Management, Enterprise Resource Planning, Customer Relationship Management, Manufacturing Resource Planning, Enterprise Asset Management and industry-tailored applications. Lawson solutions assist customers in simplifying their businesses or organizations by helping them streamline processes, reduce costs and enhance business or operational performance. Lawson is headquartered in St. Paul, Minn., and has offices around the world. Visit Lawson online at www.lawson.com.
Forward-Looking Statements
This press release contains forward-looking statements that contain risks and uncertainties. These forward-looking statements contain statements of intent, belief or current expectations of Lawson Software and its management. Such forward-looking statements are not guarantees of future results and involve risks and uncertainties that may cause actual results to differ materially from the potential results discussed in the forward-looking statements. The company is not obligated to update forward-looking statements based on circumstances or events that occur in the future. Risks and uncertainties that may cause such differences include but are not limited to: uncertainties in Lawson's ability to realize synergies and revenue opportunities anticipated from the Intentia International acquisition; uncertainties in the software industry; uncertainties as to when and whether the conditions for the recognition of deferred revenue will be satisfied; increased competition; global military conflicts; terrorist attacks; pandemics, and any future events in response to these developments; changes in conditions in the company's targeted industries and other risk factors listed in the company's most recent Annual Report on Form 10-K filed with the Securities and Exchange Commission. Lawson assumes no obligation to update any forward-looking information contained in this press release.
CONTACT: Lawson Software
Joe Thornton, 651-767-6154
joe.thornton@us.lawson.com
or
Weber Shandwick
Jenny Myers, 217-649-2965
jmyers@webershandwick.com
SOURCE: Lawson Software
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