Cupertino, CA -- (ReleaseWire) -- 03/12/2015 -- Emerson is a large corporation that deals in many areas of business. The company provides other businesses with technology, software, and advice as well as providing household consumers with appliance products for their home. Emerson supplies other organizations and are embedded deeply in a supply chain themselves. Emerson gives supply chain advice and expertise to other companies, so naturally their own supply chain is top-notch. Emerson began using a Collaborative Supply Portal system which automates inventory, order, and shipping processes. Each piece of inventory has a barcode so that the system is able to be updated each time any action is taken. The system has helped Emerson run lean business practices.
Forecast Errors, a weekly e-newsletter, sponsored by Ultriva, Inc. shared several of the methods used by Emerson. The newsletter explores forecast errors as the difference between the actual and predicted value. In the current issue, Forecast Errors argued that what separates best-in-class companies from those that struggle with accuracy is how they root out (and learn from) forecasting errors.
A forecast error is the difference between the actual and predicted value. The consequences are expensive inefficiencies that can be resolved with lean manufacturing technology.
To subscribe to Forecast Errors, go to: http://info.ultriva.com/newsletter
About Ultriva
Ultriva's (http://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.
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Ultriva, Inc.
http://www.ultriva.com
Cynthia Leonard
Marketing Executive
cynthiaL@ultriva.com
408-961-2495
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Media Relations Contact
Cynthia Leonard
Marketing Executive
Ultriva Inc.
Telephone: 408-961-2495
Email: Click to Email Cynthia Leonard
Web: http://www.ultriva.com