Cupertino, CA -- (SBWIRE) -- 11/02/2015 -- Ultriva, a leader in collaborative supply chain solutions, announced year-end 2015 results which include customer and vertical milestones, product enhancements, and strong overall company growth across all dimensions of its business.
New milestones achieved during the year include:
- 30 new plants deployed in 7 countries
- Dramatic Growth in profitability
- Ultriva's partnership with SaaS ERP companies resulted in customers in the SMB (Small and Medium Business) market
- Closing in on 300 manufacturing facilities in 20 countries using Ultriva
- More customers establishing Pull with their customers
"We are proud to be closing out another great year, highlighted by major customer wins in new verticals and strong profitability growth," said Narayan Laksham, CEO of Ultriva. "Our global customers select Ultriva to help them achieve maximum inventory velocity through demand-driven supply chains. 2016 will be the year that we emphasize continuous expansion."
Current supply chain management systems often lack the tools necessary to quickly and cost effectively react to the constant stream of changes in customer demand, production schedules and supply deficiencies that are so common in today's global markets. Having to rely on different systems with multiple tools is often expensive, time-consuming and inefficient. Ultriva's technology supports true collaboration and execution between manufacturers and their supply chain partners to enable seamless performance and increased revenue.
Ultriva's cloud-based collaborative supply chain solutions solves challenges by creating a demand responsive network that extends from manufacturer's customers, through their plants and out to their supply chain partners. Global manufacturers using Ultriva benefit from more responsive and flexible supply networks and reduce inventory costs by an average of 35-40 percent per plant and improve customer delivery performance.
Ultriva's (http://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