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Follow on Google News | Ultriva CEO Laksham Reveals Critical Strategies for Reducing Customer Lead TimeUltriva CEO Laksham Reveals Critical Strategies for Reducing Customer Lead Time
By: TR Cutler Business Excellence magazine recently asked leading manufacturing journalist, Thomas R. Cutler, to interview Ultriva’s CEO and President, Narayan Laksham. In the conversation Laksham revealed how much has changed in the supply chain in the last six years. Laksham commented about Rexnord. The company reduced customer lead time from fifteen days to less than two days. He also shared how the company was able to reduce the raw material and WIP (work in process) inventory by twenty percent. Laksham noted, “We facilitated the orders to be directly dropped at the manufacturing cells within 15 minutes of receipt. If the order was received before 2 pm it was manufactured and shipped on the same day; if after 2 pm, it was shipped the next day. Currently over 30,000 finished goods SKUs (stock keeping units) are being manufactured using this advanced process.” Zurn Wilkins (a Rexnord Company) is a diversified multi-platform industrial company that manufactures and markets power transmission and water management products. Revenue last year was $1.3 billion and the firm employs nearly 7000 people. To read the article in its entirety, click this link: http://cdn2.hubspot.net/ Business Excellence is a monthly business magazine for executive managers, published by "Standards and Quality" advertising and information agency. For more than 15 years we support all types of businesses striving for business excellence through the implementation of quality management and investments in human capital. We publish only exclusive materials about owners and CEOs of successful companies, consultants, coaches and managers focused on the development and improvement of their operating management systems. About Ultriva Ultriva (www.ultriva.com) empowers leading industrial, automotive, healthcare, aerospace, and defense businesses to operate more effectively and collaboratively by providing real time visibility and targeted actionable intelligence into inventory and material flows. Ultriva’s cloud-based platform leverages and seamlessly integrates with leading ERP and MRP systems, to deliver an end to end pull based replenishment model for a wide variety of industry sectors and enterprises such as ATK, CareFusion, Emerson, Ingersoll Rand, McKesson, Magellan, Regal Beloit, Thermo Fisher and more. Few Commercial-off- Ultriva, Inc. www.ultriva.com Cynthia Leonard Marketing Executive cynthial@ultriva.com 408.961.2495 End
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