IFS, also known as Industrial and Financial systems is a globally recognized enterprise applications company. They also recently announced their partnership with textile giant Hamid Fabrics located in Bangladesh.
The official contract meeting took place between Asanga Marasinghe, Country Director IFS Bangladesh, Abdullah Al Mahmud (Mahin), Managing Director Hamid Fabrics Ltd., Nusrat Mahmud, Director Hamid Fabrics Ltd., Shiraz Lye, Director Sales and Marketing, IFS South Asia, Zahid Khan Head of Operations IFS Bangladesh.
According to Abdullah Al Mahmud, the company has grown to be the largest textile supplier to Bangladesh’s apparel industry since its inception in the year 1996. As such, they have made key strategic investments in high end machinery and textile manufacturing technologies to streamline workflow in order to achieve maximum efficiency. But all this is of no use if there is no system to manage it. Enter IFS with their world-class ERP solutions, As per the agreement, the company will bear witness to an all-out manufacturing, maintenance, finance, and distribution solution implemented at the company’s head office and three mills, all located in Bangladesh.
The choice to select IFS was a result of a comprehensive evaluation of the ERP market, and they selected IFS as they felt it was the best choice to help them increase efficiency and improve their service to customers.
The IFS solution will streamline all of the company’s manufacturing processes from weaving to dyeing, and finishing processes, which currently operate at a weaving capacity of 10 million yards per annum and a dyeing and finishing capacity of 30 million yards per annum. In addition, the newly implemented solution will also power the company’s future expansion into yarn dyeing and thread spinning.
Once fully operational, the system will assist business-critical processes such as finance, distribution, and maintenance. It will also feature the user-friendly, role-based interface IFS Lobby and the IFS Manufacturing Visualiser.
Asanga Marasinghe, IFS Bangladesh Country Director explained how IFS Bangladesh was off to an excellent start for the year 2016, which includes this important customer win and also a major expansion of their Dhaka liaison office.