Software suits companies with mixed-mode manufacturing.
Press Release Summary:
Linking business performance systems with lean principles, IFS Applications 2004(TM) provides management tool that gives complete overview of entire Lean operations from planning to execution. Lean Scorecard consists of corporate performance management portal that provides tools to set performance baselines, trace continuous improvements, and communicate progress throughout organization. It also examines current practices to compare current levels to best practices.
Original Press Release:
IFS extends Lean Solutions to Mixed-Mode Manufacturing and Introduces Lean Scorecard
Orlando, Florida - IFS today announced a new Lean Scorecard, along with an extended Lean solution for mixed-mode manufacturers enabling companies to bring the benefits of Lean to the entire enterprise and supply chain.
IFS Applications 2004(tm) broadens IFS' Lean manufacturing solution in support of the many companies that mix pure Lean with traditional order-based planning and execution. By linking business performance systems with lean principles, IFS Applications 2004 gives executives a strategic management tool for continuous improvement.
Cindy Jaudon, Global Director, Industrial Manufacturing Industries, commented, "By giving executives a complete overview of their entire Lean operations from planning to execution, we make it easier for them to make the right decisions to reduce work-in-process, shorten cycle times, and lower costs while increasing inventory turns and improving order-to-delivery time."
The Lean Scorecard, a corporate performance management portal, gives management the tools to set performance baselines, trace continuous improvements, and communicate progress throughout their organization. Used to examine a company's current practices and present level of maturity in Lean implementation, the scorecard makes it possible for companies to compare current levels to best practices in Lean. By doing this assessment, companies can put together a cost-efficient, step-by-step implementation plan that does not disrupt business operations.
"We see a clear trend in which companies who've successfully implemented Lean Manufacturing are extending the tools and techniques by applying them more widely across their organizations," said Julian Bacon, Global Director, Automotive Industry. "The integrated solution that IFS has developed helps companies apply lean thinking to the areas of human resources, finance, quality, engineering design, and in fact, right across their entire enterprise."
In line with IFS' vertical industry focus, the IFS Lean Scorecard can be used in a broad range of industries, from industrial manufacturing and automotive to the high-tech and aerospace & defense sectors, to name a few. IFS will show the Lean Scorecard at the IFS World Conference in Orlando, Florida, March 28-31, 2004.
About IFS and IFS Applications
IFS develops and supplies component-based business applications for medium and large enterprises and organizations. IFS Applications, which can be implemented step by step, is based on web and portal technology. The solution offers 60+ enterprise application components used in manufacturing, supply chain management, customer relationship management, service provision, financials, product development, maintenance and human resource administration. IFS offers customers an easier, more open alternative.
IFS is a leading global business applications supplier with sales in 45 countries and more than 350,000 users worldwide. The company is listed on the Stockholm Stock Exchange (XSSE: IFS).
For additional information, contact:
John Bridges, VP Marketing, IFS North America
Telephone: +1 520 512 2000
E-mail: john.bridges@ifsna.com
