Supply Chain Visibilty
Companies today recognize that Supply Chain Visibility is a key enabler to a lean supply chain. Supply chain visibility allows all trading partners to see actual demand, changes in consumption, replenishment disruptions and the movement of materials. This allows trading partners to manage their production and procurement more effectively, eliminating stock-outs and reducing inventory.
Ultriva utilizes the internet to provide this real-time, supply chain visibility. In addition to viewing demand, consumption, exceptions, orders, material movement and other events via Ultriva’s Collaborative Supply Portal, trading partners also have access to dashboards to monitor performance and to identify continuous improvement opportunities. The dashboards and reports are updated in real-time and ensure a single version of truth to support improvement efforts.
While other solution providers tout supply chain visibility as part of their value proposition, only Ultriva solutions are designed to support consumption based replenishment, rather than forecast-based planning models, therefore inventory is replenished based on consumption, or actual demand. This approach to material replenishment eliminates the draw backs associated with inaccurate forecasts, time lags in traditional scheduling and also frees up resources to focus on those materials that are impacted by erratic demand or low usage.
Ultriva solutions not only provide supply chain visibility, but also provide a platform to trigger releases, automate receipts, consumption and other replenishment events. Because Ultriva solutions are integrated with all bar code scanning systems and most ERP systems, trading partners gain all the benefits of supply chain visibility and enhance the value of their other infrastructure investments.