1. Assess your current system The first step to improving your inventory management system is to assess your current situation. What are the strengths and weaknesses of your system? How accurate, reliable, and fast is it? How well does it integrate with your other business processes and systems? How much does it cost to maintain
Executive Summary In telecommunications, unplanned network downtime is a direct financial risk, often costing operators $15,000–$25,000 per minute through lost revenue, SLA penalties, customer churn, and brand damage (Ponemon Institute, 2016; Uptime Institute, 2024). Yet many operators still manage critical infrastructure through fragmented asset systems, weak links between OSS/NMS alarms and maintenance workflows, and reactive
I recently had the privilege of delivering a keynote at COMIT Community Day 2026, which was held on Thursday, March 19 in London. COMIT has been promoting innovation across the UK construction, operations, and maintenance sectors for over 20 years now, bringing together asset owners, contractors, technology providers, and academia to share best practices and push the industry forward. It felt like the right
1. What is ERP software? ERP software is a system that integrates and automates various business processes, such as accounting, finance, human resources, sales, marketing, and operations. ERP software enables data sharing and collaboration across different departments and functions, improving efficiency, accuracy, and visibility. ERP software also provides reporting and analytics tools that help managers
AI is transforming the software industry, but the real breakthroughs happen when it moves beyond pilots and starts delivering outcomes in the industries that power the global economy. At IFS, that shift is already well underway as AI becomes embedded directly into operational workflows across manufacturing, aerospace, defense, energy, and service environments. To understand how
In the world of marine contracting, complexity is a given. Whether it’s installing offshore wind farms, dredging ports, or managing subsea infrastructure, marine contractors operate in some of the most demanding environments on the planet. These projects are high-stakes, asset-intensive, and often executed across multiple geographies under tight timelines and even tighter margins. And yet, many marine contractors still
1. Assess your needs Before you invest in any ERP software, you need to assess your current supply chain needs and challenges. What are your goals and objectives? What are your pain points and gaps? What are your opportunities and risks? You can use tools like SWOT analysis, value stream mapping, or benchmarking to evaluate
Marine contractors operate in one of the most complex and high-stakes environments on the planet. Whether it’s installing offshore wind farms, dredging ports, or managing subsea infrastructure, the pressure to deliver safely, on time, and within budget is relentless. But what if we could shift from reacting to problems to predicting and preventing them? What if we could turn every
Logistics Has Quietly Become One of Manufacturing’s Hardest Areas to Control Logistics costs feel unpredictable in many manufacturing environments because the activities that influence cost are still handled separately. Planning happens in one place. Shipment execution happens somewhere else. Invoice validation happens weeks later. By the time leadership reviews transport spend, the operational decisions that created
1. Assess your current situation Before you can make any changes, you need to understand your current inventory management system and identify its strengths and weaknesses. How do you track your inventory? How often do you update it? How accurate is it? How do you forecast your demand? How do you handle excess or obsolete
