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

"GRA provided us with the vision on what an advanced inventory management system could deliver for us, along with the benefits. To date the benefits are being delivered in line with the business case and the user experience is excellent. GRA, throughout the project, acted in an very professional manner and delivered on our expectations."

– Chris Wigg, Group Planning Manager, The Laminex Group

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)