Symbion Pharmacy Services initiated a software evaluation and selection process to enhance their forecasting and planning capabilities. GAINS was selected and implemented.
Simon Coates, General Manager, Supply and Logistics at Symbion Pharmacy Services (SPS) authored an article 'Advancing Health' about the project.
In the article he 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."
Read the entire article as published in MHD magazine in the download below.Download – PDF (310 KB)
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