IFS launch Trade Management 2.0

IFS is announcing the availability of its latest supply chain software, Trade Management 2.0. The solution is designed to give IFS’ customers with multi-country business supply chains improved functionality and control – helping them cut costs, embrace flexible business models, adhere to industry standards and compete across global markets.

The presence of internet-based commerce and procurement has created a highly transparent and competitive trading environment. Organizations’ supply chains across the world are under the spotlight and are constantly scrutinized to ensure they compete on a global level. In addition, globalization means supply chain focused businesses are operating in a far more complex marketplace, handling more sub-contracts and outsourcing contracts, transacting across a wider variety of channels and delivering to an increasingly diverse and international customer base.

IFS has created Trade Management 2.0 specifically to improve supply chain transparency and increase responsiveness and efficiency in order to help businesses offer the most competitive service to their customers. Thomas Petersson, Senior Vice President at IFS, comments: “IFS works closely with many companies with large supply chain operations and has witnessed a market shift towards more complex and international transactions across multiple channels. Because of globalization, competition now lies between supply chains, rather than individual companies. Trade Management 2.0 has been developed specifically to enable our customers to respond to these new market challenges and opportunities, making business processes involving supply chains transparent, flexible and cost efficient.”

IFS worked with a number of its existing customers in the development of the new solution, ensuring it answers all the requirements needed to increase customer service and supply chain efficiency. IFS customer Moelven, one of Scandinavia’s leading suppliers of building products, has been using Trade Management 1.0 to manage the business processes of its supply chain.

Steinar Hovland, ICT Director at Moelven, comments: “We have seen our supply chain become increasingly international, including more channels than ever. Our existing IFS Trade Management solution has been an essential tool in managing the process so far, helping us to accurately track each area of the supply chain. In today’s increasing globalised market, we felt it was important to work closely with IFS to develop a new Trade Management solution that will help to reduce administration, decrease costs and provide more accuracy throughout the sales process. Trade Management 2.0 has been created to streamline operations, offer enhanced customer services and ensure adherence to local industry standards of the countries in which businesses operate in.”