Commenting on the report, Narayan Laksham, founder and CEO of Ultriva suggested that with margins growing razor thin, companies should take a comprehensive look at their supply chains to reduce inventory and costs, and to streamline productivity.
Laksham suggested it may start with a supplier portal, “The best way to do that is with supply-chain management software that enables execution on actionable items. It must be real time, online 24/7, and take all inventory issues into consideration, whether purchased in person at a brick-and-mortar location, or online at 3 a.m.”
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Ultriva’s (www.ultriva.com) cloud-based platform leverages and seamlessly integrates with leading ERP and MRP systems, to deliver an end to end pull based replenishment solution. Ultriva, based in Cupertino, CA, implements a global demand driven manufacturing model by providing full visibility, scheduling, and sequencing of production of customer orders. Ultriva was named one of the Great Supply Chain Projects of 2014 by Supply & Demand Chain Executive magazine. The company’s global footprint is increasing rapidly with implementations in wide variety of industry sectors and enterprises such as Magellan Aerospace, CareFusion, Emerson, Ingersoll Rand, McKesson, Triumph Group, Regal Beloit, Thermo Fisher and more. Follow Ultriva on Twitter at @Ultriva.