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Follow on Google News | Most Companies Require Process Review to Avoid Critical Impact of Forecast ErrorsMost Companies Require Process Review to Avoid Critical Impact of Forecast Errors
By: trcutler The current issue explored how to manage unpredictable supply chain disruptions. The newsletter suggested that leaders using traditional risk-management techniques and simple heuristics (dollar amount spent at a site, for instance) often end up focusing exclusively on the so-called strategic suppliers for whom expenditures are very high and whose parts are deemed crucial to product differentiation, and overlooking the risks associated with low-cost, commodity suppliers. As a result, managers take the wrong actions, waste resources, and leave the organization exposed to hidden risk. In this article, we describe our model and how companies can use it to identify, manage, and reduce their exposure to supply chain risks. 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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