Kanban Leader Ultriva Reports Significant Net Income Increase in 2008
Ultriva, the lean leader, with an electronic kanban focus, announced strong performance for 2008 despite of the challenging economic conditions. Ultriva is live at over 120 plants across 10 countries. Companies like Emerson, BE Aerospace, Trane, Ingersoll-Rand, McKesson, AO Smith, FRANKE and AGCO among others are using Ultriva to collaborate with over 4000 suppliers and transacting $1.5 billion of purchased parts every year.
Ultriva’s subscription and license revenue grew by 80% year over year, while its net income grew by 92%. Overall revenue, including services, grew by 60%. This growth was a result of acquiring several new customers including Dresser, CNH, Trane, Plews & Edelmann, HHT, Thermo Fisher, and Owens Corning. Existing customers also expanded deployments by adding more plants using Ultriva lean supply chain solution. During 2008, Ultriva went live in thirty-six plants.
Narayan Laksham, Founder and CEO said “Ultriva’s core message of ‘Free up the capital tied in the inventory’ resonated very well with our target market. Our ability to quickly deploy the software and get our customers to go live, led to this substantial revenue growth. “
Ultriva enables manufacturing companies to become customer centered by leaning their business from distribution all the way to their global supply chain. Elimination of stock outs, reduction in lead times, increases in inventory turns, productivity improvement and inventory reduction are the primary factors why customers choose Ultriva.
Complementing the revenue success Ultriva also announced various products to help customers accomplish their goals. Some of the key modules that were released were:
- Lean Assessment Tool – A patent pending analytical SaaS (software-as-a-service) tool that simulates historical MRP data and superimposes Kanban replenishment to identify ideal Kanban parts and potential inventory savings.
- Production Sequencing – An Add-on feature to the Internal Kanban module for managing cell level production
- Call-off Replenishment – A module that enables engineered to order products to get raw materials (with long lead times) just-in-time
- Lean Scheduling – A SaaS tool that allows final assembly cells to front load, back fill or level load production based on the customer want date instead of just capacity
Laksham noted that “Ultriva continues to lead this market segment by delivering new products using the lean expertise it has gained over the past ten years. Ultriva has very flexible delivery infrastructure and is the only software company that provides “SaaS on Demand” as well as “SaaS on Premise.” This flexibility is critical for large companies like Emerson which has hosted “SaaS on premise” at their IT Shared Services infrastructure. They currently have forty-three plants across five divisions hosted on Ultriva and continue to deploy two additional plants every quarter.
Ultriva
Cindy McGowan
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Professional Marketing Firm for the Manufacturing Community and Manufacturing Journalist to most manufacturing magazines
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