Symbion Pharmacy Services' General Manager, Supply Chain and Logistics, Simon Coates, authored an article 'Advancing Health' about the implementation of GAINS.
"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 original article 'Advancing Health' authored by Simon Coates and published in MHD magazine.
Read the Symbion Pharmacy Services Forecasting & Replenishment, Inventory Optimisation Case Study to find out more about our work and results.