Posts Tagged ‘batch sizes’

Inventory Reduction Generates Savings with Ultriva?s Lean Assessment Tool

Lean assessment tool allows materials management and replenishment supply chain and procurement professionals to streamline operations, users download part stories (ideally six to 12 months of historical data), then software inventory sizing analysis leads to certain parts which could be identified optimized by reducing inventories. Users can compare their current graphic reconstruction models of missed opportunities and “what-if” simulations of different batch sizes, time and safety stock. Journalist, explains how Mary Aichlmayr Ultriva the new online tool streamlines inventory management of material handling equipment. They showed how Ultriva Inc., a provider of software for lean manufacturing, has a free online tool that potential savings could be gained by stock issued identified. Ultriva ( www. Ultriva. Com) is online with more than 120 factories in 10 countries. Companies like Emerson, BE Aerospace, Trane, Ingersoll-Rand, McKesson, AO Smith, Franke and AGCO are working with, among other things with Ultriva over 4,000 suppliers and handling of $ 1. 5 billion to buy the components of each year. “Although the philosophy of” lean “, the company may enter in terms of process changes and improvements, an area where management has a direct impact on stocks, “said Narayan Laksham, CEO of Ultriva. “Having the right quantity and right mix Inventory is the key to almost perfect, the delivery time. The Lean Assessment Tool provides a quick assessment of where a company can optimize its parts inventory and puts a company in the process of just-in-time recovery. Companies that have used the tool over the last three months of beta as a whole, identifies potential savings of over $ 10,000,000. “Many of our current customers have been able to quickly identify parts that should go in a pilot study, additional suppliers they should get online, or additional plants that should go live,” added Laksham. “On average, companies that Lean assessment tool to determine the cost savings of 30% to 50%, which is a very good return on investment for implementing a methodology based on the reconstitution of the consumer use. “Www Ultriva. ultriva. com Cindy McGowan ultriva pr @. com 408th 248th 9803

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