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Ultriva Inc., a designer of software that enables Lean business practices in manufacturing, is offering a free tool for assessing the potential savings to be derived from inventory reduction. Available online at www.ultriva.com, the Lean Assessment Tool is aimed at professionals in materials management, supply-chain replenishment, purchasing and operations. Users can upload hundreds of parts histories, then graphically visualize their current replenishment patterns along with future opportunities. Consumption-driven replenishment algorithms allow users to perform "what-if" simulations in real time. To access the tool, users undergo a two-step registration process, then log in and upload their inventory data, ideally consisting of six to 12 months of historical information. The system then performs a comprehensive inventory-sizing analysis, identifying specific parts that can be optimized through inventory reduction. Users can look at potential savings by parts and suppliers; view the top 100 parts that offer the highest savings; conduct "what-if" analyses by varying lot sizes, lead times and safety stocks; create reports and charts that can be exported and saved locally, and share the analysis with team members and management.
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