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Follow on Google News | Forecast Errors Lead to Mistrust in Supply ChainForecast Errors Lead to Mistrust in Supply Chain as found by Ultriva Inc.
By: TR Cutler The November 17th issue will discuss why forecast errors require a process review. Comprehensive research about demand forecasting process evaluation was recently conducted. Fifteen Brazilian companies were extensively examined including the critical impacts of forecast errors. The four dimensions of analysis were functional integration, application, system and forecasting errors, and the findings were that only 35% met satisfactory levels. When two-thirds of these participants are at unsatisfactory levels there is a mandatory process review in order. To subscribe to Forecast Errors, go to: http://info.ultriva.com/ About Ultriva Ultriva’s (www.ultriva.com) cloud-based platform leverages 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 and recently named one of 50 Best Supply Chain Blogs of 2014 by SupplyChainOpz. 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. Ultriva, Inc. www.ultriva.com Cynthia Leonard Marketing Executive cynthiaL@ultriva.com 408.961.2495 End
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