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A shortage of pharmaceuticals in PuertoRico. If we look back at history, 70% of companies implemented Vendor Managed Inventory (VMI), however two-decades later only 1% of companies use VMI processes to drive a better demand signal. Inventory strategies and processes to absorb the error. One thing is clear.
Take this example: when category 5 Hurricane Maria was approaching PuertoRico in 2017, suppliers and critical FDA-regulated materials were threatened. million worth of IV bag inventory (at the time PuertoRico was the sole source of these bags for the majority of US-based healthcare providers).
RELEX Solutions, provider of unified retail planning solutions, today announced a new partnership with AutoZone , the largest retailer and a leading distributor of automotive replacement parts and accessories in the United States. RELEX will provide forecasting and replenishment solutions to AutoZone’s Distribution Centers.
Many retailers were slow to invest in required technologies until 2020 when the COVID pandemic temporarily forced physical stores to close and/or limit hours of operation, e-commerce purchases jumped, and last-mile delivery providers struggled to deliver goods on time to consumers. Costco, for example, acquired Innovel Solutions in 2020.
In a similar fashion, when PuertoRico was struck by Hurricane Maria last year, the supply chain of two of the island’s most important industries—pharmaceuticals and medical devices—ground to a complete halt. Graham Parker is CEO of Gravity Supply Chain Solutions , a supply chain technology solutions provider.
Inventory stock turns in Days. Inventory management. Purchasing and supplier management. Inventory levels. There is really nothing wrong with capturing a lot of metrics, especially with today’s powerful analytics softwaresolutions to help. DIF – Delivery in Full. DOT – Delivery on Time. Warehousing.
The report points to the three major hospital group purchasing organizations (GPOs), that control around $250 billion in health purchasing, roughly 90 percent of the market that have locked in sole-source contracts without alternative choices for hospital pharmacy buyers. “ They’re cheap and relatively easy to produce.
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