Software provides 3-tiered lifecycle management.
Press Release Summary:
Part of IFS Applications(TM) 2003, 3LM provides integration and management of customers, products, and resources throughout lifecycle. It makes it easier to expand into new markets by predicting customers' needs more accurately. Users can improve product development by continuously capturing product requirements from after-sales and service processes. Software can improve asset management from initial investment, through operation, to decommissioning.
Original Press Release:
IFS Introduces Three-Tiered Lifecycle Management
CHICAGO, March 3, 2003 - IFS announced a new lifecycle management solution that goes beyond product lifecycle management (PLM) to provide better integration and management of three critical business areas-customers, products, and resources-throughout their lifecycles. The solution, known as 3LM, is an integrated feature of IFS Applications(TM) 2003, the latest version of IFS' component-based suite of business applications. With 3LM, companies can more quickly and easily make business decisions across the entire product value chain, considering such factors as profitability and complete lifecycle support.
"As companies face shorter product lifecycles and an increased demand for product customization, the business software market is beginning to focus on PLM," said IFS North America president Terje Vangbo. "At IFS, we think it's important to also focus on the lifecycles of customers and assets. That's why we have taken the next step and introduced 3LM. It's an integrated lifecycle management solution that provides companies with the data they need to quickly determine which markets to serve, when to enter them, which products to develop, and which human and capital resources to deploy."
IFS' 3LM makes it easier to:
o Retain customers and expand into new markets by predicting customers' needs more accurately and qualifying prospects based on estimated lifetime revenue.
o Improve product development by continuously capturing product requirements from after-sales and service processes and making them available to design groups.
o Decrease production costs by improving asset management from initial investment, through operations, to decommissioning.
"With 3LM, we go far beyond supporting core business processes," Vangbo said. "Our product brings together customer relationship management, product development, production, and the supply chain in one integrated package to give companies the foundation for a successful long-term business strategy."
In addition to 3LM, IFS Applications 2003 includes a variety of other innovative features, including a library of add-on industry-specific components, a single code base for most of the world's markets, fully integrated web services that align IFS' component architecture with J2EE(TM) and the Microsoft® .NET initiative, and a next-generation mobile framework.
About IFS and IFS Applications
IFS develops and supplies component-based business applications for medium and large enterprises. IFS Applications, which is based on web and portal technology, offers 60+ enterprise application components used in manufacturing, supply chain management, customer relationship management, financials, engineering, maintenance and human resource administration. IFS provides customers step-by-step evolution to the extended enterprise with e-business solutions that offer partner, customer, and supplier collaboration.
A leading global business applications supplier, IFS has 3,150 employees, with sales in 46 countries. The company is listed on the Stockholm Stock Exchange (XSSE: IFS).
For additional information, contact:
John Bridges, VP Marketing, IFS North America
Phone: +1 520 512-2000
Fax: +1 520 512-2001
E-mail: john.bridges@ifsna.com
Chris Jensen, President, Jensen Market Relations
Phone: +1 714 847-7846
Fax: +1 714 847-4856
E-mail: chris@jensenmarket.com
IFS' Web: www.ifsworld.com
