(MENAFNEditorial)
~~The demand volatility has become a major focus area for supply chain managers at large process manufacturers. Forecast Errors a weekly e-newsletter shares methods modes and tools used in a variety of supply chain industries. The newsletter explored forecast errors as the difference between the actual and predicted value. In the current November 24th issue Forecast Errors examined the significant shifts in demand patterns due to forecast errors.
While businesses have been experiencing significant shifts in demand patterns the supply of feedstock and other key materials has become notoriously volatile in the same period. Volatile demand and volatile supply are intimately linked in a circular causal relationship. But geo-politics globalization and depressed economic trajectories in developed markets have all contributed to the problem.
The newsletter also reported that companies are more global today than ever before; lead times have been extended with the effective practice of lean management made difficult by the volatility of demand. The use of safety stock or inventory to protect against variability is no longer so viable; companies now need to understand and measure that variability in demand and be able to predict it more accurately with an enterprise-wide solution which can look at millions of forecasts up and down a product hierarchy.
To subscribe to Forecast Errors go to: http://info.ultriva.com/newsletter
About Ultriva
Ultriva’s (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. Follow Ultriva on Twitter at @Ultriva.
Ultriva Inc.
www.ultriva.com
Cynthia Leonard
Marketing Executive
cynthiaL@ultriva.com
408.961.2495
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