Grants and Contributions:
Title:
Manufacturing optimization through digital adoption
Agreement Number:
1007105
Agreement Value:
$300,000.00
Agreement Date:
Jun 26, 2023 - Dec 31, 2024
Description:
With the use of a comprehensive gap analysis, Petra will develop and deploy novel solutions and the people necessary to build a digitally transformative and resilient supply chain. By mining the newly captured data underlying Petra’s supply-chain, Petra will measure certain KPI’s (Inventory Turnover Ratio, Days Inventory Outstanding, Days Payable Outstanding, Total Product Cycle Time, and Cash Conversion Cycle) to control and improve the financial health of the organization.
Organization:
National Research Council Canada
Expected Results:
The purpose of IRAP Contributions to Firms is to support research, development, adoption and/or adaptation of innovative or technology-driven new or improved products, services or processes in Canada up to their commercialization
Location:
Concord, Ontario, CA L4K 4R8
Reference Number:
172-2023-2024-Q1-1007105
Agreement Type:
Contribution
Report Type:
Grants and Contributions
Recipient Business Number:
135645927
Recipient Type:
For-profit organization
Additional Information:
This agreement has been amended 1 time(s). The end date of this agreements has been modified by 155 days.
Amendment Date
Jul 3, 2024
Recipient's Operating Name:
Petra
Recipient's Legal Name:
Petra Hygienic Systems International Limited
Federal Riding Name:
Thornhill
Federal Riding Number:
35104
Program:
Industrial Research Assistance Program – Contributions to Firms
Program Purpose:
The purpose of IRAP Contributions to Firms is to support research, development, adoption and/or adaptation of innovative or technology-driven new or improved products, services or processes in Canada up to their commercialization
Coverage:
IRAP Contributions to Firms projects stimulate wealth creation for Canada through technological innovation.
NAICS Code:
32561
Amendments: