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Smiths Medical Selects Software From ToolsGroup to Manage Inventory Across Global Network(November 14, 2011)
LONDON -- (Marketwire) -- 11/14/11 -- ToolsGroup, a global provider of Demand Driven Supply Chain Planning solutions, today announced that Smiths Medical, a leading global medical device manufacturer, has chosen its SO99+ inventory optimisation software to enhance its Oracle E-Business Suite applications. Following a successful six months pilot, Smiths plans to roll-out SO99+ across its global network.
Throughout the remainder of 2011 and into 2012, Smiths Medical plans to progressively roll out SO99+ across its factories and distribution centres globally. Based on the evidence of a systematic six-month pilot, the application is expected to dovetail smoothly into existing planning systems and processes. Using the powerful SO99+ optimisation functionality, Smiths Medical anticipates a reduction in global working capital coupled with improved levels of stock availability and a consequential increase in line fill and ultimately, improved profit.
Ron Frisbie, Vice President Global Operations of Smiths Medical, commented, "In the current global health care climate, it is increasingly important to look for efficiency savings at every link in the supply chain. We chose SO99+ for its proven record in helping global manufacturing businesses like ours with variable demand patterns and a long product tail to meaningfully reduce costs without compromising customer service excellence."
Martin Woodward, Managing Director of ToolsGroup UK, commented, "We are very pleased to have Smiths Medical join our growing roster of medical device customers, each of which have saved millions by improving the efficiency and accuracy of their inventory planning."
About Smiths Medical
Smiths Medical www.smiths-medical.com is a leading supplier of specialized medical devices and equipment for global markets, focusing on the medication delivery, vital care and safety devices market segments. It is part of Smiths Group www.smiths.com, a global leader in applying advanced technologies for markets in threat and contraband detection, energy, medical devices, communications and engineered components. Smiths Group employs around 22,000 people in more than 50 countries.
ToolsGroup is an innovation partner for companies who want to achieve outstanding customer service levels with less global inventory. Using our supply chain planning and inventory optimization solutions, our customers improve daily forecast accuracy and correctly set safety stocks to achieve up to 99+ percent customer-service levels while significantly cutting inventory. ToolsGroup has more than 200 customers in 31 countries worldwide. For more information on ToolsGroup and its solutions, please visit www.ToolsGroup.com
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