Collaborative supply chain solutions must help purchasing and procurement professionals accelerate productivity and performance for manufacturing firms around the globe. In a co-creation customers, enhance solutions permit a 'Collaborative RFQ' (Request for Quote) module that incorporates innovative social media concepts, an 'Inventory Optimization Tool' that helps organizations to improve the operational and financial performance of supply chains, and a 'Collaborative Planning' module that combines historical consumption and replenishment data with forward-looking demand data to calculate future inventory positions.
The inability of current supply chain management systems to support true collaboration and execution between manufacturers and their supply chain partners results in supplier whiplashing, poor delivery performance, and lost revenue. Purchasing does not need to be blamed.
Narayan Laksham, Ultriva founder and CEO said, "Providing greater transparency and collaboration between manufacturers and supply chain partners, customers have experienced an average 35% increase in inventory velocity along with across-the-board improvements in employee productivity and supply chain decision making. We work closely with customers to deliver even greater value through ultra-responsive, demand-driven supply chains."
