IFS has released a new solution for inventory planning. Even though the solution is a brand new development it was heavily inspired by a product extension that had been offered to our Scandinavian customer base for over ten years. In order to be able to offer this product globally it was included as a part the core IFS Applications. As we included the extension into core we also made some major enhancements of the solution. The most significant being vastly improved performance.
Posts by Jakob Björklund
Senior Advisor, Manufacturing & Supply Chain
Jakob Bjorklund holds a master of science in industrial engineering and management from the University of Linköping. In his 21 years with IFS, he has been involved with consulting, sales and marketing, and product strategy for process manufacturing and supply chain management.
Mixed mode manufacturing means that you combine make-to-stock (MTS) and make-to-order (MTO) in one common supply chain. The value proposition of this is that you can strike a balance between efficiency and flexibility across the product range by assigning different supply models to different products. In order to implement a strategy for a process manufacturing company it is important to have an enterprise software system such as IFS Applications that can support not only industry specific requirements for example formulations and multiple units of measure, but also mixed mode manufacturing.
I recently had the pleasure of visiting Gartner’s Supply Chain Executive Conference in London. One of the many interesting topics discussed was Supply Chain Segmentation. Segmentation lets companies boost profitability by tailoring multiple supply chains within one physical flow. This made me think about how ERP vendors such as IFS can support companies to implement segmented supply chains.
The supply chain segmentation example Gartner shared resonated with me.