I - Definitions

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    Industry 4.0

    Industry 4.0 refers to the fourth industrial revolution and the cyber-physical transformation of manufacturing.

  • integrated accounting system

    An integrated accounting system is a type of software that combines major financial accounting functions into one application.

  • inventory turns (inventory turnover)

    Inventory turns, also referred to as inventory turnover and inventory turnover ratio, are a popular measurement used in inventory management to assess operational and supply chain efficiency.

  • What is IFS AB?

    IFS AB (Industrial and Financial Systems) is an enterprise resource planning (ERP) software vendor that specializes in asset-intensive, project-centric industries, such as manufacturing and distribution.

  • What is Infor?

    Infor is a New York-based vendor of ERP and other enterprise business software.

  • What is inventory management?

    Inventory management is the component of supply chain management that tracks and supervises noncapitalized assets -- or inventory -- and stock items.