Cloud-Based Supply Chain Management by Ultriva Overcomes MRP Forecasting Errors
Cupertino, CA -- (SBWire) -- 05/11/2015 --The Case for Cloud-based Supply Chain Management Today was authored by leading industrial journalist, Thomas R. Cutler. Cutler asserts MRP and ERP IT systems are data intensive and require a high level of data integrity and end-user discipline. Timely and stable sales forecasts are required for an MRP forecast to be an accurate; in today's uncertain economic environment this metric is nearly impossible to achieve.
To understand the complexities of the MRP forecast planning process one must have a basic understanding of the primary inputs to the development of an MRP plan.
Master Production Schedule (MPS) – merges forecasts and production capacity
Bill of Material (BOM) – must be accurate and up-to-date as the BOM defines components needed to produce one finished product in terms of part numbers
Inventory Records – must be accurate, as MRP uses this information as the basis of its calculations
Order Status – must have visibility to firm orders and scheduled receipts to distinguish those orders that have actually been released to suppliers
Planned Lead Times – must be accurate, as MRP uses this information to calculate when released orders will be received.
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About Ultriva
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. Based in Cupertino, CA, Ultriva 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 by Supply & Demand Chain Executive magazine and recently named one of 50 Best Supply Chain Blogs 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.
http://www.ultriva.com
Cindy McGowan
Marketing Executive
cindym@ultriva.com
408-961-2495
Media Relations Contact
Cindy McGowan
Marketing Executive
Ultriva, Inc.
408-961-2495
http://www.ultriva.com
View this press release online at: http://rwire.com/597547