Cupertino, CA -- (SBWIRE) -- 02/24/2015 -- Forecast Errors newsletter reported Chad Smith, a leader in the Demand Driven institute and author of a blog, focused primarily on the Theory of Constraints and how to use it to maximize the profitability of any company. Smith discussed why integrating TOC with Lean and Six Sigma is the most dynamic improvement methodology available today. Recently he shared how David Proveda, Director of Demand Driven Institute, LATAM, posted a sensational improvement project entitled Reversal of Fortune - From Crisis to "Supplier of the Year" in 18 months. Proveda will be presenting the full case study at the 2015 Demand Driven World Conference in Houston, Texas in March 2015.
Forecast Errors, a weekly e-newsletter, sponsored by Ultriva, Inc. shares methods, modes, and tools used to inform Manufacturers' of Forecast Errors that they face on the manufacturing floor, and with a variety of supply chain industries. The newsletter explores forecast errors as the difference between the actual and predicted value. In the current issue, Forecast Errors argued that what separates best-in-class companies from those that struggle with accuracy is how they root out (and learn from) forecasting errors.
A forecast error is the difference between the actual and predicted value. The consequences are expensive inefficiencies that can be resolved with lean manufacturing technology.
To subscribe to Forecast Errors, go to:
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