Infineon receives 2024 ASCM award of excellence

Munich, Germany – 12 September 2024 – Infineon Technologies AG (FSE: IFX / OTCQX: IFNNY) has received the “ASCM Award of Excellence – Corporate Transformation” from the Association for Supply Chain Management (ASCM), the global leader in supply chain learning, transformation, innovation and leadership. The award recognizes an organizational transformation that improves business by assessing the supply chain using ASCM's global standards, products, services and resources. Infineon was honored for a supply chain initiative that implemented the Supply Chain Operations Reference (SCOR) model of ASCM. By focusing on customer-centricity, Infineon significantly improved customer satisfaction, optimized capacity use and realized substantial cost savings.

Infineon transformed its supply chain to become more robust, agile, and resilient. The primary goals of this transformation were to enhance forecasting accuracy, implement agile response mechanisms like daily automated execution of the physical flexibility enabled by a superior master data system, adopt cost-efficient procurement practices, and build resilient partnerships.

“We are very proud to receive this award. It values our commitment to increase the resilience and flexibility of our supply chain for our customers and to provide our Infineon colleagues with digitalized and automated systems,” said Konstanze Knoblich, Vice President & DtC Process Owner at Infineon. “Our Demand to Cash process is based on ASCM’s Supply Chain Operations Reference (SCOR) model. Especially the international application of orchestration of digital SCOR is helping us to increase security of supply by reducing the bullwhip effect with the successfully implemented processes and tools like capacity reservation agreements.”

The ASCM is the global pacesetter of organizational transformation, talent development and supply chain innovation. As the largest association for supply chain, ASCM members and worldwide alliances fuel innovation and inspire accountability for resilient, dynamic and sustainable operations.

Infineon Technologies AG is a global semiconductor leader in power systems and IoT. Infineon drives decarbonization and digitalization with its products and solutions. The company has around 58,600 employees worldwide and generated revenue of about €16.3 billion in the 2023 fiscal year (ending 30 September). Infineon is listed on the Frankfurt Stock Exchange (ticker symbol: IFX) and in the USA on the OTCQX International over-the-counter market (ticker symbol: IFNNY).

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