Wednesday, May 19, 2010
IFS Applications selected by leading European food and beverage company
IFS has received an order from a leading European food and beverage company to provide IFS Applications licenses, services and maintenance & support with a value of over 3,6 million EUR.
The company will implement a full enterprise suite including components for financials, manufacturing, supply chain, maintenance, pricing & promotions, document management and business intelligence. The goal is to improve business processes by having a single integrated solution across multiple countries and to have complete visibility of the global position in terms of supply chain and financial analysis.
The process industry is one of IFS’ targeted markets. IFS provides industry-specific functionality for enterprises in food and beverage, chemicals, pulp and paper and metals. IFS Applications for the food & beverage industry provides support for all critical business processes, including catch weight, multiple units of measure, recipe management, quality management, promotions & rebates and demand planning. The application suite also includes solutions for enterprise asset management, product lifecycle management, customer relationship management, finance and human resource management.
IFS customers in the food & beverage industry include Pepsi, PFX Pet Foods, Heaven Hill Distilleries Inc, Natures Path, Chingford Fruit, Bridor, Cloetta-Fazer and Kettle Foods. Other IFS process industry customers include DuPont, Jotun, Flint Group, Imerys, Willamette Valley Company, Akzo Nobel, Becker Industrial Coatings, Dyrup, SSAB, Hutmen, Nucor Corp, Holmen Paper and SCA Graphics.
IFS is a public company (OMX STO: IFS) founded in 1983 that develops, supplies, and implements IFS Applications™, a component-based extended ERP suite built on SOA technology. IFS focuses on agile businesses where any of four core processes are strategic: service & asset management, manufacturing, supply chain and projects. The company has 2,000 customers and is present in more than 50 countries with 2,700 employees in total. Net revenue in 2009 was SKr 2.6 billion.The information is that which IFS is required to declare by the Securities Business Act and/or the Financial Instruments Trading Act. The information was submitted for publication on May 19, 2010, at 8:15 a.m. CET.