One group’s mission is to reduce inventory levels, the second group’s objective is mandated with increasing customer service levels (optimize production, reduce lead times, expedite goods, eliminate shortages etc.), and yet, another group’s focus is improving inventory accuracy (mandated from the CFO). It is obvious that the three goals have major dependencies on each other and therefore cannot be achieved in isolation. But the company insiders drive these projects as silos.
Laksham wants to address a small but important piece of this puzzle; specifically putting a standard label on incoming shipments is a solution. That small step makes the incoming material process consistent, accurate and traceable. It generates a material license plate that can be effectively used for availability, location, usage and movement.
Laksham shared, “It is a big deal in having a standardized label on incoming materials.” The benefits seen across 200 plants are many and far-reaching:
· Almost 100% inventory accuracy in ERP
· Elimination of inventory cycle count
· Visibility to Inventory at multiple storage locations
· Usage patterns and traceability
· Ability to right-size the inventory
Among many other things, Ultriva has been helping customers with this process for a decade with over 8000 suppliers actively participating on a daily basis. Ultriva has found the ease of adoption across all class of suppliers (large, medium, small), all market segments (automotive, industrial, healthcare, electronics, aerospace etc.) and for all types of ERP systems (BAAN, BPCS, CINCOM, Dynamics, JD Edwards, INFOR, MAPICS, Oracle, SAP etc.)
To read the entire blog, go to: http://web.ultriva.com/
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-