A world view: New IFS platform caters to global business models

Enterprise software vendor IFS released a new version of its IFS Applications suite that the company claims offers greater support for global business models.

10/16/2007


Enterprise software vendor IFS released a new version of its IFS Applications suite that the company claims offers greater support for global business models.
The new suite—labeled IFS Applications 7.5—was introduced Monday at the company’s worldwide user conference in Berlin. “IFS Applications 7.5, which is service-oriented architecture [SOA]-based, builds on seven generations of component-based applications,” IFS CEO Alastair Sorbie said. “We’ve worked with customers to enhance the user experience as well as deliver real business benefits to improve productivity.”
New features in IFS Applications 7.5 include:
Enhanced tax handling, reporting, and inventory management .
In addition to accommodating country-specific regulatory requirements and multiple languages, units are automatically recalculated and standardized across several locations, allowing more accurate global inventory information. In turn, organizations can make more informed decisions using reliable data, and predict accurate sales and budget forecasts.
Risk management across multiple projects .
Components to support contract-management—from estimate to execution, including financial control and planning—provide total visibility. Risk-minimizing measures allow the identification, flagging, and ongoing assessment of key danger factors, so companies can counter these early with preventative measures.
Efficient solutions for global supply chain and mixed-mode operations .
New functionality allows companies to be more responsive to customer needs and the pressures of decreasing product life cycles and increasing product variability. For example, IFS Applications 7.5 keeps track of key performance indicators (KPI), such as delivery times across multiple locations, to ensure multisite production is fast and reliable.
The IFS Applications 7.5 suite became available to users on October 11, 2007, and one company already began deployment.
“We need to manage our supply chain across Flint Group , a manufacturer of printer’s ink, with global headquarters in Germany. “Executing this efficiently with IFS’ multisite planning capabilities means we are faster and more responsive to customers, and also reduces our working capital. Being able to use different local units of measurement as well means we can ensure consistent and accurate data across regions.”





No comments
The Engineers' Choice Awards highlight some of the best new control, instrumentation and automation products as chosen by...
The System Integrator Giants program lists the top 100 system integrators among companies listed in CFE Media's Global System Integrator Database.
The Engineering Leaders Under 40 program identifies and gives recognition to young engineers who...
This eGuide illustrates solutions, applications and benefits of machine vision systems.
Learn how to increase device reliability in harsh environments and decrease unplanned system downtime.
This eGuide contains a series of articles and videos that considers theoretical and practical; immediate needs and a look into the future.
Sensor-to-cloud interoperability; PID and digital control efficiency; Alarm management system design; Automotive industry advances
Make Big Data and Industrial Internet of Things work for you, 2017 Engineers' Choice Finalists, Avoid control design pitfalls, Managing IIoT processes
Engineering Leaders Under 40; System integration improving packaging operation; Process sensing; PID velocity; Cybersecurity and functional safety
This article collection contains several articles on the Industrial Internet of Things (IIoT) and how it is transforming manufacturing.

Find and connect with the most suitable service provider for your unique application. Start searching the Global System Integrator Database Now!

SCADA at the junction, Managing risk through maintenance, Moving at the speed of data
Flexible offshore fire protection; Big Data's impact on operations; Bridging the skills gap; Identifying security risks
The digital oilfield: Utilizing Big Data can yield big savings; Virtualization a real solution; Tracking SIS performance
click me