IFS Applications Software Number One in Enterprise Asset Management for Aerospace and Defense
ITASCA, Ill. (June 07, 2011) – IFS AB, the global enterprise applications company, has been identified as the number one vendor globally in enterprise asset management (EAM) software for the aerospace and defense industry by ARC Advisory Group, the leading information technology research and advisory firm for industry and infrastructure.
ARC Advisory Group, in its new publication “Enterprise Asset Management and Field Service Management, Five Year Market Analysis and Technology Forecast through 2015,” indicates that IFS Applications holds a dominant market share position in aerospace and defense globally. IFS Applications EAM suite is used not only by manufacturers and contractors serving the industry, but by military services, ministries of defense and aerospace authorities worldwide.
“In aerospace and defense, superb reliability is mission critical due to the associated human lives, expensive capital assets, and brand protection. Effective maintenance planning, execution and logistics are absolutely essential,” ARC Advisory Group Research Director Ralph Rio said. “Of course, everyone knows this, which has evolved into demanding government regulations and reporting for both airlines and the associated, extensive ecosystem of contractors. To achieve superb reliability and conform to regulations, A&D requires a modern EAM system.”
“Particularly in times of heavy and prolonged engagements in harsh climates, ensuring that military hardware is operational and serviceable is a more critical and demanding task than ever before,” IFS North America Vice President for Aerospace and Defense Kevin Deal said. “IFS Applications is designed not only for the military services that own high-value and complex vehicles and equipment, but for the contractors and manufacturers who oftentimes fulfill service contracts on equipment through performance-based logistics (PBL) contracts. We are proud of the role IFS plays in supporting military organizations around the globe.”
For more information on ARC’s findings, visit http://www.arcweb.com/Research/Studies/Pages/EAM.aspx to view an overview or obtain the full-length report.
Aerospace and defense is one of IFS’ targeted market segments. IFS Applications(TM) provides market leading off-the-shelf component based solutions that support Performance Based Logistics (PBL), Contractor Logistics Support (CLS), and Fleet Operator programs; and solutions for Defense Manufacturing, Maintenance Repair and Overhaul (MRO), Asset & Fleet Management, Supply Chain Management and Product Lifecycle Management.
Customers include the United States Army and Air Force Materiel Commands, British Navy and Army and the Norwegian Navy and Air Force; as well as the Eurofighter consortium
About IFS
IFS is a public company (OMX STO: IFS) founded in 1983 that develops, supplies, and implements IFS Applications(TM), a component-based extended ERP suite built on SOA technology. IFS focuses on industries 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. For more information about IFS, please visit: www.IFSWORLD.com.
Source: IFS
