Industry 4.0

by   |    |   4 minutes  |  in Business Technology, Creativity & Innovation, Manufacturing, Process Manufacturing, Strategy

While Industry 4.0 does revolve around intelligence gathered from a number of places, it spans more than just IoT. Over the past 10 years, 70% of companies on the Fortune 1000 list have vanished. Although this statistic may invoke fear, what it should do is demonstrate the importance of capitalizing on change instead of fearing…

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Prepare to surf a business skills revolution

by   |    |   3 minutes  |  in Business Agility, Business Technology, Creativity & Innovation, Strategy

Prepare to surf a business skills wave to benefit from IoT. Digitization, big data and the Internet of Things (IoT) are creating a big wave of change. However, businesses should be considering their investment in skills and training alongside their investment in technology to maximize the benefits this digital revolution can bring. With technology conducting…

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Business Innovation

by   |    |   3 minutes  |  in Business Technology, Creativity & Innovation, Strategy

Modern systems and processes can provide an ecosystem where business innovation thrives, and with it, the ‘next big thing’ can be born. Innovative products and services drive growth, therefore, nurturing a company culture that enables and encourages business innovation is a direct investment into future revenues. It is also a significant recruitment and retention tool…

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Staff objectives

by   |    |   3 minutes  |  in Business Technology, Finance, Strategy

Staff objectives are too important for an annual appraisal. A strategy may be written by the board, but it should be delivered by the staff, visibly monitored and incentivized through their objectives. In the world of Human Resources (HR), objectives are probably one of the most underutilized strategy tools. Objectives are often brought out only…

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Sauber F1 Team proves that speed and environmental responsibility can coexist

by   |    |   4 minutes  |  in Business Technology, Strategy

Formula 1 may not be the obvious place to start looking for environmental responsibility, but the Sauber F1® Team has made carbon neutrality a core deliverable since 2011. At the beginning of 2016, IFS became a Principal Partner of the Sauber F1 Team, a relationship based on three shared values: a commitment to innovation, valuing…

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Corporate Social Responsibility

by   |    |   3 minutes  |  in Finance, Strategy

Enhancing Corporate Social Responsibility makes a business more valuable for investors, more responsible for communities and more accountable globally. Round-up This concise summary of my discussion topics for Q2 2016 accommodates all three blogs from the quarter. From the Tuck-in section, you can access this quarter’s blogs directly or catch up on all the salient…

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Performance Based Logistics

by   |    |   4 minutes  |  in Asset Intensive, Aviation & Defense, Business Agility, Business Technology, Digital Transformation, Strategy

When a force needs to be scrambled to respond to an immediate threat, equipment needs to be instantly ready for deployment. Mission scenarios are changing for the military. Reduced levels of major military conflict around the world have been counter-balanced by significant increases in less predictable, counter-insurgency style operations. When a force needs to be…

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Construction

by   |    |   4 minutes  |  in Business Agility, Business Technology, Construction and Contracting, Creativity & Innovation, Digital Transformation, Strategy, Supply Chain

While the construction sector’s digital history is weak, new technologies and ways of working are driving the industry to implement more integrated processes and systems. At the end of May, I joined IFS customers, partners and experts from across the UK construction industry at the Institute of Directors to discuss the digital issues currently affecting…

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Supporting next-generation manufacturing with IoT

by   |    |   3 minutes  |  in Business Technology, Creativity & Innovation, Manufacturing, Process Manufacturing, Strategy

NEC integrates Internet of Things (IoT) capabilities with its Manufacturing Execution System (MES) extension for IFS Applications. Guest Author: Stefan Gustafsson, Managing Director, Japan and South Korea Stefan has more than 20 years of experience with business development, partner strategies, marketing and sales. He has worked with multi-national companies in United States, Europe and Japan, both…

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by   |    |   3 minutes  |  in Creativity & Innovation, Manufacturing, Process Manufacturing, Strategy

Servitization offers a viable method of boosting growth for manufacturers’ businesses and the industrial sector overall. The UK is currently the 11th largest manufacturing nation in the world and the sector has increased by 1.4% a year since 1948. However, industrial manufacturing is a highly competitive industry and those working in the sector are constantly…

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