Originally published on Manufacturing.net Wednesday, 04/10/2013 by Joel Hans, Managing Editor of Manufacturing.net

Ultriva founder and CEO, Narayan Laksham was interviewed by Joel Hans regarding barriers to American re-shoring.  Here's what Narayan had to say.

What is Inventory Velocity?

While inventory velocity is not a new term, it is always good to begin such topics with a clear and simple definition. Inventory velocity is the speed at which the inventory is cycled in a given period for each item. Inventory velocity is the underlying measure to improve Inventory turns, which accountants define as follows:

While manual shop floor kanban systems are common practice within manufacturing plants,manual supplier kanban systems are much rarer. One of the primary reasons for this is the difficulty faced when trying to scale a manual visual kanban system beyond the four walls of the plant. However, the operational and financial benefits of supplier kanban are so great that manufacturing firms are now looking to electronic supplier kanban systems (a.k.a. supplier ekanban) as the answer to their supplier kanban needs. The following list was compiled from feedback by Ultriva customers over the past 12 years of implementing successful supplier ekanban programs.

CUPERTINO, Calif - February 6, 2012 – Ultriva Inc., a leader in Lean Supply Chain solutions today announced that Life Fitness Inc., a division of Brunswick Corporation has selected the Ultriva supply chain solution to manage its supply chain collaboration and electronic Kanban processes.

Welcome to the new Ultriva Blog!  This is the first installment in the new Ultriva, Inc. blog about demand driven supply chain and supply chain software related topics.