How IFS Applications can Streamline your Forecasting and Demand Planning

Mar 04, 2020

IFS Applications is revolutionizing the way that businesses function. The platform is allowing tasks that were once done manually to be done in a quick and efficient manner. The software suite is designed specifically to ensure that enterprises can maintain the end-to-end life-cycle of an asset in a well-defined manner. It can be optimized according to the needs and requirements of every business which results in better outcomes than its competitors. 

IFS Applications can be useful for businesses especially those that manufacture products. It can help them streamline their forecasting and demand planning effectively. There are many ways that IFS Applications can help improve the productivity of a manufacturer. Here are some of them:

  1. IFS Applications can help establish a secure and reliable connection between engineer-to-order or configure-to-order and the sales department. Creating greater harmony and less confusion. 
  2. Manufacturing companies can manage their warehouses easier, which will improve efficiency. When the final product is packed, the company will have enough information regarding inventory and raw materials available due to the tracking features built into IFS 10. This helps to create a smoother and more freely flowing process. It helps businesses avoid any sort of delays with product delivery, which in turn, increases the accuracy of delivery estimates. 
  3. IFS Applications allows for the quality and the quantity of a product available to easily be maintained. One can easily make sure that the product created meets the quality standards and guidelines implemented. There are various functionality tools provided by IFS Applications that can make this tedious task easy and simple to perform.
  4. Many manufacturing companies have complained that demand from retailers tends to fluctuate. The sudden changes in the demand are automatically reflected within the user interface of IFS Applications 10 with a warning sign. It notifies the manufacturer in advance so that necessary steps can be taken.
  5. The amount of uncertainty that exists in the world today due to changes in political relationships between countries, makes the supply of raw materials highly unstable. There are times when manufacturers have to use alternate raw materials to create quality products in order to make sure that the market does not face a shortage of goods. IFS Applications can help with the rapid sourcing of materials and with contacting customers to notify them of any delays or changes. 
  6. Finally, the buying pattern of consumers also tends to change especially with seasonal weather changes. The change in demand can be reflected if IFS application is integrated with the demand planning and forecasting the business. 

Contact us today to find out how IFS Applications can work for you.

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Topics: ifs supply chain, Manufacturing, supply chain management, inventory management, ifs software, forecasting, scm