Bangalore, Karnataka-Wipro Technologies, the global IT services division of Wipro Limited (NYSE:WIT), today announced that it has entered into a co-development initiative with Oracle to jointly develop a product lifecyclemanagement solution for the Consumer Packaged Goods industry.

The new process integration pack (PIP) solution is being developed using Oracle® Application Integration Architecture (AIA), and intends to integrate Oracle’s Agile Product Life Cycle Management (PLM) for Process with Oracle Process Manufacturing and Oracle Product Hub. The integration will provide a streamlined and orchestrated product lifecycle management process for the Consumer Packaged Goods (CPG) industry and help customers achieve a faster time to market with better visibility on compliance issues.

Wipro’s contribution will include CPG domain expertise as well as development skills and accelerators to co-develop the solution with Oracle. This solution intends offer a business process-based integration that is easy to deploy, configure, operate, maintain and upgrade, thereby offering an optimal ‘total cost of ownership’ structure for customers.

“Working with Wipro to co-develop integrations with Agile PLM should equip our Consumer Goods customers with new efficiencies across the Product Value Chain, ,” said Bernard Goor, Vice President, Consumer Goods, Oracle. “Wipro’s brings a deep understanding of the CPG industry and skills around Oracle Applications and Oracle AIA and we look forward to creating a solution that can help increase efficiencies in quality control, vendor selection and labeling compliance norms.”

“Wipro is excited to work with Oracle to develop this PIP to provide an Integrated Product Record from supplier to finished product. This will help remove the traditional gaps and silos that cause risks and delay during most product introductions. It will also help ensure that the entire business process is supported with the accurate and timely information which is critical to maintain traceability and achieve compliance, ” said Somjit Amrit, Vice President, Consumer Packaged Goods Industry Vertical Wipro Technologies. “We understand the complexities that CPG companies face today as regulations and customers demand more of them. This solution will help enable CPG companies to be more innovative and launch new products faster and with significantly lower risk.”

Wipro is a Platinum Partner in the Oracle PartnerNetwork.