Ultriva’s enhanced version of its cloud-based software includes a ‘Collaborative RFQ’ (Request for Quote) module that incorporates an ‘Inventory Optimization Tool’ that helps organizations improve the operational and financial performance of their supply chains and a ‘Collaborative Planning’ module that combines historical consumption and replenishment data with forward-looking demand data to calculate future inventory positions. It creates a demand responsive network that extends from manufacturer’s customers, through their plants and out to their supply chain partners. The goal is to provide greater transparency and collaboration between manufacturers and their supply chain partners.
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