News and Research on e-Future Information Technology, Inc. (EFUT)
Business Description
e-Future Information Technology, Inc. engages in the development and sale of Enterprise Resource Planning (ERP) software. The company provides integrated software and professional services for manufacturers, distributors, wholesalers, logistics companies and retailers in China’s supply chain front market.
The company provides solutions for distribution, retail and logistics businesses focused on the supply chain front market for manufacturers, retailers, distributors and third party logistics, and in providing the related system integration service and technical training services. Systems integration services involve system design and system implementation through the application of the software as well as ongoing technical supporting services.
The company's customers are centered in the retail, automotive, general household appliance and consumer goods industries.
The company's wholly owned subsidiary is e-Future (Beijing) Tornado Information Technology, Inc.
The company's solutions are designed to optimize demand process from finished goods to customer checkout, and to address supply chain management, business processes, decision support, inventory optimization, collaborative planning and forecasting requirements. Its software solutions business are improved and supported by its consulting services and ongoing maintenance on existing software installations.
Solutions
The company's primary software solutions consist of three independently deployable groups of software products: Foundation Solutions, Collaborative Solutions, and Intelligent Solutions.
Foundation Solutions
The company provides e-Future ONE Visual DRP (Visual Distribution Resources Planning Solution) solutions for manufacturers; e-Future ONE DMS (Distributor Management System Solution) solutions for distributors; e-Future ONE POS-ERP (Multi-Format Retail Enterprises Resources Planning Solution) solutions for retailers; e-Future ONE eWalkman R2005 (Mobile POS-ERP solution) solutions for retailers; and e-Future ONE LRP (Logistics Resources Planning Solution) solutions for Logistics/Distributors.
Collaborative Solutions
The company provides e-Future ONE CRM/VMI/CPFR Solution for manufacturers; e-Future ONE SCM/CRM (Visual Supply Chain Management and Customer Relationship Management Solutions) solutions for retailers; and e-Future ONE ESCM/e-Market Place (e-Supply Chain Management and e-Marketplace Solutions) solutions for third party ASP operators.
Intelligent Solutions
The company’s intelligent solution offerings include e-Future ONE BI/CM/Cleve (Business Intelligent, Category Management and Market Analysis Solution) solutions for retailers.
Software Solutions
e-Future ONE Visual-DRP: e-Future ONE Visual-DRP is a Web-based product designed to meet the distribution and network management needs of manufacturers. Customers who would benefit from this solution include manufacturers of clothing, household appliances, automobiles, and tobacco.
e-Future ONE DMS: e-Future ONE DMS is a mini-enterprise resource planning application utilized by wholesalers and distributors, especially in the consumer goods industry, the essential functions of this program permit wholesalers and distributors to integrate their core business processes, such as procurement management, inventory management, sales order management and financial management. It offers versions of this software to support different segments of wholesalers and distributors in terms of size, complexity of operation and information technology literacy.
e-Future ONE POS-ERP: e-Future ONE POS-ERP is a software solution designed to meet the demands of retailers for goods flow, order flow, information flow and cash flow management, including merchandise operations management, merchandise planning and optimization, integrated store operations, financial management and logistics management from headquarters to regional headquarters to regional distribution centers to multi-format chain stores. This program is suitable for the operation of retail formats, such as department stores, malls, supermarkets, hypermarkets, convenience stores, grocery stores, and specialty stores.
e-Future ONE LRP: e-Future ONE LRP is an application utilized by distributors or logistics companies to enable such companies to improve warehouse management, transportation management, and logistics management. The program can organize labor concentrations and warehouse organization. The program can integrate with other enterprise systems, material handling equipment and mobile technology.
e-Future ONE SCM: e-Future ONE SCM is a product designed for synergistic distribution designed to promote collaborative business between retailers and their suppliers. Developed with IBM Websphere application software, this program gives support to upstream enterprises to participate in retailing enterprises’ vendor managed inventory processes and provides online analyses through the Internet. It enables retailers and suppliers to share information, such as promotion, sales and inventory data. Retailers and suppliers use this information to identify sales forecast exceptions, prevent out-of-stocks and reduce inventories. It also helps suppliers to verify their bills and confirm replenishment orders.
e-Future ONE CPFR/VMI: e-Future ONE CPFR/VMI is a program that provides customers with collaborative planning, forecasting and replenishment features. This solution collects, manages and analyzes supply and demand chain data to enable response to changes in market conditions.
e-Future ONE CRM: e-Future ONE CRM is a system tool mining and analyzing customer data for retailing operations. It helps retailers to identify, acquire, activate, serve and retain the most profitable customers. It can also help retailers find, promote and expand customers.
e-Future ONE BI: e-Future ONE BI is a program designed for intelligent distribution. This solution turns data regarding retail customers, merchandise and operations into knowledge that provides insight into performance and empowers retailers to make informed decisions.
e-Future ONE eWalkman: e-Future ONE eWalkman is an all-in-one portable payment system which can place a screen of viewed information at both the operator and customer locations. Using wireless connectivity, mobile POS allows retailers to bring the store to the customer.
Consulting Services
The company’s consulting services group consists of business consultants, systems analysts and technical personnel with retail, manufacturing, and wholesale industry experience. The consulting services group assists its customers in all phases of systems implementation, including systems planning and design, customer-specific configuration of application modules, and on-site implementation or conversion from existing systems. The company also offers post-implementation services designed to exploit its customers’ return on software investment, which includes improved utilization reviews and business process optimization.
Maintenance Services
The company’s maintenance service include: database operation maintenance, space management, data migration and database tune-ups; system servicing, device management, system updating and version control; application servicing, debugging, real-time servicing, and application of interfaces with other business systems; 24 hour call center services; and training in ongoing system operation.
Agreements
In 2005, the company entered into an ISV Advantage Agreement with IBM Technology Engineering (Shanghai) Co., Ltd.; pursuant to which IBM agreed to provide the company with technical assistance related to its developments based upon IBM middleware.
Customers
The company's manufacturing customers include: Procter & Gamble China; Haier Group; Johnson & Johnson China; and Kimberly-Clark China.
The company's retail customers include: B & Q China; Gucci China; JUSCO China; the Chinese arm of Aeon Co., LTD; Limen (China) Group, a franchisee of Disney China’s Mickey’s; Tian Jing Tians Group; Tian Jing Homeway; Suning Appliance; Parkson China Group; Beijing Wangfujing Department Store (Group), Inc.; Beijing SOGO; The Orient Home Group; Shenzhen Tongluowan Group; Shijiazhuang Belren Group; Jinan Yinzuo Group; Changsha Youyi Apolo Group; Changcun Zuozhan Group; Guangzou Youyi Group; Hongkong Lane Crawford group; China Duty-Free Store; Wuhan Wushang Group Co., Ltd.; Wuhan Zhongbai Group, Co., Ltd.; and Chongqing Department Store, Inc.
The company’s distribution and logistics customers include Beijing Yishangmeijie Group; Yoshinoya D&C Co., Ltd.; and Changan Minsheng Logistics, Inc., the outsourcing service for Changan-Ford Automobile Co., Ford Motor Company’s Chinese joint venture.
Competitors
The company's major competitors include SAP AG; Retek, Inc.; and Oracle Corporation.
History
e-Future Information Technology, Inc. was founded in 1997 by Adam Yan.
