Ultriva by Upland, the leader in cloud-based collaborative supply chain solutions, reported that after five years of anemic economic recovery, manufacturers continue to add inventory to their books much faster than GDP growth. In order to better manage inventory levels while still ensuring the right part is in the right place at the right time, manufacturers are increasingly relying on advanced information management solutions.
Further, inventory turns – which indicate whether the supply chain is getting more efficient at moving goods from suppliers to customers – have declined steadily since 2011. PwC and MAPI surveyed senior executives from 75 global manufacturers (with U.S. headquarters) to better understand this decline in inventory performance and polled respondents on the effectiveness and benefits of using advanced inventory data management strategies to reduce inventory.
Nandu Gopalun with Ultriva by Upland recently shared some of the benefits of effective real-time information management solutions. He noted, “Real-time information helps to ensure correct scheduling; planners and buyers are able to plan components accurately.”
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About Ultriva by Upland
Ultriva’s cloud-based collaborative supply chain solutions solve challenges by creating a demand responsive network that extends from manufacturer’s customers, through their plants and out to their supply chain partners. Global manufacturers using Ultriva benefit from more responsive and flexible supply networks and reduce inventory costs by an average of 35-40 percent per plant and improve customer delivery performance.
Ultriva (www.ultriva.com) seamlessly integrates with leading ERP (SAP, Oracle, and others) to deliver an end-to-end pull-based replenishment solution, including eKanban. Based in Cupertino, CA, Ultriva by Upland implements a global demand-driven manufacturing model by providing full visibility, scheduling, and sequencing of production of customer orders. The 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, and Thermo Fisher.
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About Upland Software
Upland Software (Nasdaq: UPLD) is a leading provider of cloud-based Enterprise Work Management software. Our family of applications enables users to manage their projects, professional workforce and IT investments, automate document-intensive business processes and effectively engage with their customers, prospects and community via the web and mobile technologies. With more than 1,600 customers and over 225,000 users around the world, Upland Software solutions help customers run their operations smoothly, adapt to change quickly, and achieve better results every day.
To learn more, visit www.uplandsoftware.com
Company Name: Ultriva Inc.
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