Cupertino, CA -- (SBWIRE) -- 04/29/2015 -- Ultriva's founder and CEO, Narayan Laksham noted, "Demand forecasting requires the ability to accurately simulate consumption and compute on-hand inventory for each day."
Supply chain professionals have also come to the realization that past sales can be a poor predictor of future sales, especially when considering the variations associated with capabilities like distributed order management. Yet with today's rapid pace of new product introduction and shortened product life cycles, having more than an 18 month sales history might be considered a luxury. Supply chain professionals have also come to the realization that past sales can be a poor predictor of future sales, especially when considering the variations associated with capabilities like distributed order management.
Forecast Errors, a weekly e-newsletter, sponsored by Ultriva, shares methods, modes, and tools used in a variety of supply chain industries. The newsletter explores forecast errors as the difference between the actual and predicted value. 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: http://info.ultriva.com/newsletter
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. 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.
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Ultriva, Inc.
http://www.ultriva.com
Cindy McGowan
Marketing Executive
cindym@ultriva.com
408-961-2495