Navigation Links
Systagenix begins pilot with ToolsGroup to optimise inventory levels
Date:11/27/2012

LONDON, Nov. 27, 2012 /PRNewswire/ -- Systagenix, a global supplier of advanced wound care products for the health care industry, has started a six-month pilot with supply chain planning software company ToolsGroup. Using ToolsGroup's SO99+ software, Systagenix aims to maintain its very high service levels whilst optimising its global inventory footprint.

(Logo: http://photos.prnewswire.com/prnh/20121127/NE18748LOGO )

One of the greatest challenges in the health care industry is striking the right balance between service levels and costs. Systagenix chose ToolsGroup for its excellent track record in helping suppliers to the global health care industry like Smiths Medical and Cipla Medpro streamline their inventory costs while maintaining industry-leading service levels. 

According to Alastair Mitchell, Supply Chain General Manager, Systagenix "When supplying products to health care providers, satisfying customer demand must always be the highest priority. However, in order to offer the best value to customers, inventory costs and obsolescence have to be kept to a minimum.  One of the greatest opportunities to achieve efficiency improvements without compromising service levels lies in smarter inventory management." 

During the pilot, ToolsGroup will analyse Systagenix's current data and calculate new safety stock levels for a sample group of items. ToolsGroup UK will host the application in the pilot phase and make it available to Systagenix via secure web access with initial results expected in approximately eight weeks. Following a successful pilot phase, Systagenix intends to roll the ToolsGroup S099+ application out to all its product groups, market sectors and locations.

Martin Woodward, managing director of ToolsGroup UK commented, "Optimising inventory for health care products is particularly complicated because each has a unique shelf-life and may be subject to specific regulatory compliance. We look forward to applying the expertise gained in overcoming this particular challenge for several other international health care manufacturers to benefit Systagenix."

About Systagenix
Established in 2008, Systagenix is 100% dedicated to wound care, developing and marketing advanced diagnostic and therapeutic wound care solutions globally. Its leading edge product portfolio includes SILVERCEL® NON-ADHERENT, ACTISORB®, INADINE®, PROMOGRAN®, PROMOGRAN PRISMA®, ADAPTIC TOUCH® and TIELLE®. The recently launched WOUNDCHEK™ Protease Status is the world's first point of care wound diagnostic tool and the entry point to the company's Let's Heal® approach to wound care.

About ToolsGroup
ToolsGroup (www.toolsgroup.com) is a global provider of Powerfully Simple supply chain planning software. Powerful behind-the-screen engines enable highly intelligent data-driven decision making. Reliable and scalable statistical models are continuously and automatically tuned to automate and simplify the planning and control process. Our customers overcome volatile supply chains to generate accurate forecasts and outstanding customer-service levels with less global inventory.  ToolsGroup's solutions span key supply chain planning areas such as Demand Planning, S&OP, Demand Sensing, Promotion Forecasting and Multi-Echelon Inventory Optimization.


'/>"/>
SOURCE ToolsGroup
Copyright©2012 PR Newswire.
All rights reserved

Related medicine technology :

1. AspenBio Pharma Begins Training Hospital Sites for Pivotal Clinical Trial
2. Immunomic Therapeutics Begins Phase I Japanese Red Cedar JRC-LAMP-Vax Vaccine Safety Study
3. SafeCode Drug Technologies Corp. Begins Trading on the Over-the-Counter Bulletin Board
4. Life Technologies Begins Shipping Ion Proton System
5. Phase 3 Clinical Trial Begins in Early Form of Dementia
6. Medical Alarm Concepts Begins Shipments To Europe - Company Ordering Additional Inventory To Keep Up With Growing Demand
7. Countdown Begins For AdvaMed 2012: The Medtech Conference
8. Siteman Cancer Center at Barnes-Jewish and Washington University Begins Imaging with First ViewRay System
9. Insmed Incorporated Begins Screening Patients For TARGET-NTM U.S. Clinical Trial Of ARIKACE® In Patients With Non-tuberculous Mycobacterial Lung Disease
10. Medical Alarm Begins Revenue Recognition from Largest Set of Orders -- Releases New Television Commercial
11. SuccessEHS "Forward Together" Customer Conference Begins
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:2/23/2017)... 2017 Visiomed, the French leader in ... is changing the landscape of healthcare with their ... pro-active, custom-made solutions. Recognizing the rising demand of ... healthcare without walls, Visiomed has launched BewellConnect, the ... healthcare professionals that is empowering the lives of ...
(Date:2/23/2017)... , Feb. 23, 2017  Genesis Healthcare Services ... The announcement was made by Bill Monast , ... Hartley and Nathan Feltman , executives with ... Healthcare Services, LLC. This acquisition helps ... provider of technology enabled durable medical equipment (DME) solutions ...
(Date:2/23/2017)...  Cogentix Medical, Inc. (NASDAQ: CGNT), a medical device ... for the urology market, will release financial results for ... 2016 before the market open on Thursday, March 9, ... conference call and webcast to discuss its financial results ... 11:00 a.m. Eastern Time (10:00 a.m. Central Time). ...
Breaking Medicine Technology:
(Date:2/26/2017)... ... February 26, 2017 , ... LatitudeC Baby ... America, today announced it would be offering some it’s exclusive product line to ... crafting quality and unique baby clothing/feeding products, will team up with AMAZON to ...
(Date:2/26/2017)... ... February 26, 2017 , ... ... in persons with a specific LRRK2 mutation, according to a study released today ... have provided evidence of a link between pesticides and incidence of sporadic PD ...
(Date:2/24/2017)... ... February 24, 2017 , ... WHAT: , ... and recognition opportunities as well as advocacy for the state and region‘s technology ... February 23. The Council's Innovation Forecast event highlights innovation throughout the region ...
(Date:2/24/2017)... ... February 24, 2017 , ... ... it is so critically important that we all are aware of our options ... Mediaplanet is proud to announce the launch of its newest edition of "Vision ...
(Date:2/24/2017)... (PRWEB) , ... February 24, 2017 , ... Yisrayl Hawkins, ... focuses on Bible Prophecy concerning this present generation. Yisrayl makes an astounding statement ... current generation. He explains that the Bible details the current times so plainly ...
Breaking Medicine News(10 mins):