Symbion Pharmacy Services

Symbion Pharmacy Services' General Manager, Supply Chain and Logistics, Simon Coates, authored an article 'Advancing Health' about the implementation of GAINS.

In the article Simon Coates states:

"The aim was to equip the business with the ability to optimally balance capital, costs, capacity and customer service levels."

"What did it achieve? Inventories reduced by 26% whilsts first-fill service levels (excluding manufacturer stock-outs) increased from 96% to more than 97%. Noting that inventories are a significant item on the balance sheet, the inventory reduction boosted return on assets (ROA) whilst freeing up capital, and the increase in stock turns improved supply chain efficiency. Forecast accuracy has also improved markedly."

"SPS is now managing by exception and operating with less inventory, improved service levels and lower costs. That's the bottom line, and it’s a good result, particularly because it is sustainable."


Article

Read the original article 'Advancing Health' authored by Simon Coates and published in MHD magazine.


Case Study

Read the Symbion Pharmacy Services Forecasting & Replenishment, Inventory Optimisation  Case Study to find out more about our work and results.

Testimonials

We invited GRA to run a workshop to educate the broader business on S&OP, help us design a next level S&OP process and map out the requirements and next steps to implementation. We have made significant progress with S&OP since the workshop, the key aspect is that it has been accepted at all levels and there is commitment to the process which was the big hurdle.

– Lee Rawstron, Head of Operations ANZ, Sinochem Australia

Typical results

  • 20-40% inventory investment reduction
  • increased service levels ranging up to 99.9%
  • 10%-15% reduction in supply chain operating costs
  • 5%-20% spend management savings
  • the ability to fund business initiatives from operating cash flow (OCF) improvements
  • improved return on capital employed (ROCE)
  • a minimum 3:1 ROI (10:1 to 30:1 typical)