IFS enhances supply chain management offerings
IFS has introduced a new pre-configured version of its Corporate Performance Management (CPM) solution called CPM Lite. The product is designed to optimise strategic supply chain performance in the aerospace and defence (A&D) value chain.
With contracts in the A&D space increasingly requiring business performance metrics, IFS has developed CPM Lite to run alongside existing business systems in just a few days. The system offers a user-defined ‘cockpit’ display where key performance indicators can be viewed and measured using easy-to-read displays, such as dials and graphs. It works through a portal interface which draws data from applications and data warehouses to provide end-to-end visibility across the entire supply chain.
According to the company, the solution avoids ‘strategy leakage’ across the organisation by linking corporate strategy to supply chain business execution. Users can view metrics specific to different management roles including operations, customer, supplier, procurement, and buyer. The packaged metrics are based on the internationally recognised best practice guidance of the Supply Chain Council's SCORTM (Supply Chain Operations Reference) model.
Brendan Viggers, IFS Defence head of product management, said: ‘We believe that CPM Lite offers a unique approach to strategy and performance that a standard BI tool cannot deliver. CPM Lite is designed to give businesses a plug-and-play mechanism to monitor and execute on their supply chain initiatives. This is a solution we can install in days to deliver rapid value return to organisations. The standard package also delivers industry best practices and metrics to improve performance and helps organisations demonstrate added value to customers.’
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