Contract Manufacturer Lou-Rich Inc. Chooses IFS Applications; Cost Savings Through Integration of Engineering and Manufacturing a Key Factor in the Decision.Business Editors CHICAGO--(BUSINESS WIRE)--Sept. 3, 2002 IFS announced today that it will provide Lou-Rich Inc., a contract manufacturer of products, subassemblies, and component parts, with business software to support its manufacturing operations Manufacturing operations concern the operation of a facility, as opposed to maintenance, supply and distribution, health, and safety, emergency response, human resources, security, information technology and other infrastructural support organizations. . The Albert Lea Albert Lea (lē), city (1990 pop. 18,310), seat of Freeborn co., S Minn., near the Iowa line; inc. 1878. It is a manufacturing and marketing center in a dairy, livestock, and poultry region. Lea college is located on Lake Chapeau. A state park is nearby. , Minn.-based company will deploy IFS components for manufacturing, distribution, financials, product data management, quality management, and document management. "We considered several other products and chose IFS Applications because it offers the most in-depth and integrated manufacturing solution," said Lou-Rich chief financial officer Steve Tufte. "With IFS, we will improve efficiency by better integrating engineering and manufacturing. It will take us less time to get from the quote process to the production process. And we'll have the data we need to track product-related costs more accurately." "With more than 60 integrated components, IFS Applications gives manufacturing companies like Lou-Rich the real-time 1. real-time - Describes an application which requires a program to respond to stimuli within some small upper limit of response time (typically milli- or microseconds). Process control at a chemical plant is the classic example. information they need to improve efficiencies and increase revenue," said Terje Vangbo, IFS North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. president. "Also, our component-based technology reduces the up-front investment. Companies can pick and choose the components they need right away, knowing that can easily add functionality as needed as needed prn. See prn order. ." About Lou-Rich Inc. Lou-Rich Inc., based in Albert Lea, is a contract manufacturer specializing in complete products and equipment, mechanical and electromechanical The use of electricity to run moving parts. Disk drives, printers and motors are examples. Electromechanical systems must be designed for the eventual deterioration of moving components that wear over time. The first TVs were electromechanical systems (see video/TV history). subassemblies, engineered mechanical components and weldments, and ultra-precision aluminum extrusions. Founded in 1972, the employee-owned company serves OEM (Original Equipment Manufacturer) The rebranding of equipment and selling it. The term initially referred to the company that made the products (the "original" manufacturer), but eventually became widely used to refer to the organization that buys the products and customers in the medical, agricultural, food service equipment, construction machinery, recreational products, industrial, and transportation industries. More information is available at www.lou-rich.com. About IFS and IFS Applications(TM) IFS develops and supplies component-based business applications for medium and large enterprises. IFS Applications, which is based on Web and portal technology, offers more than 60 enterprise application components used in manufacturing, supply chain management, customer relationship management, financials, engineering, maintenance, and human resource administration. IFS provides customers step-by-step evolution to the extended enterprise with e-business solutions that offer partner, customer, and supplier collaboration. A leading global business applications supplier, IFS has more than 3,100 employees, with sales in 43 countries. The company is listed on the Stockholm Stock Exchange The Stockholm Stock Exchange (Swedish: Stockholmsbörsen) is a stock exchange located in Stockholm, Sweden. Founded in 1863 [1] it is the primary securities exchange of the Nordic Countries. (XSSE:IFS). More information is available at www.ifsna.com. IFS Applications is a trademark of IFS Industrial and Financial Systems. All other referenced company or product names are trademarks or registered trademarks of their respective owners. |
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