PITTSBURGH, March 24 /PRNewswire/ -- SmartOps Corporation, the leading provider of enterprise-class supply chain optimization software solutions, today announced that Cardinal Health Pharmaceutical Distribution, a division of Cardinal Health, Inc. purchased and installed the SmartOps Multistage Inventory Planning & Optimization (MIPO(TM)) software solution, which offers improved inventory planning decision support.
“SmartOps allows us to continue to advance our supply chain as a strategic source of value for our stakeholders,” said Mike Kaufmann, executive vice president of supply chain of Cardinal Health Pharmaceutical Distribution. “The use of SmartOps is integral to our newly built National Logistics Center.”
MIPO will function as an add-on to Cardinal’s current purchasing and replenishment system.
“With SmartOps, we are able to dynamically and automatically optimize how we deploy our inventory across our supply chain, which allows us to continue to improve our service level without tying up cash in unnecessary inventory,” said Kaufmann. Specifically, MIPO is dynamically creating the optimal inventory targets for over 32,000 items at 25 different distribution locations for each of eight forward looking time periods.
MIPO enables customers to achieve both a rapid ROI and a long-term competitive advantage by determining the best possible inventory and product availability plans given inherent uncertainties, time-varying data, multi- location and inventory stage complexities, and aggressive customer service goals. MIPO dynamically generates optimal inventory targets for each stage of the supply chain, while providing visibility into each reason inventory is needed -- including safety, cycle, pre-build, pipeline and merchandising stock requirements, by item or stock-keeping unit (SKU) -- to meet desired service levels.
The MIPO optimized inventory targets serve as critical inputs into Enterprise Resource Planning and Advanced Planning & Scheduling systems so they function efficiently, delivering better intelligence for inventory planning and execution.
“Cardinal Health is another example of a leader in its industry that faces the common challenge of managing millions of inventory item-locations across a multi-echelon network,” said Dr. Sridhar Tayur, CEO and founder of SmartOps. “We are excited to add Cardinal Health to our roster of leading companies including Kellogg, Deere & Company, Bayer, and Hewlett-Packard-companies that recognize how managing supply chain uncertainty is a key to optimizing inventory levels in ways that create lasting value.”
About Cardinal Health:
Cardinal Health, Inc. is a leading provider of products and services supporting the health care industry. Cardinal Health develops, manufactures, packages and markets products for patient care; develops drug- delivery technologies; distributes pharmaceuticals, medical- surgical and laboratory supplies; and offers consulting and other services that improve quality and efficiency in health care. Headquartered in Dublin, Ohio, Cardinal Health employs more than 55,000 people on six continents and produces annual revenues of more than $65 billion. More information about the company may be found at http://www.cardinalhealth.com/
About SmartOps
SmartOps, the market leader in enterprise-class inventory optimization solutions, enables companies to more effectively manage the uncertainty of complex, multi-stage supply chains to achieve rapid return on investment and long term, sustainable value. Deploying SmartOps’ practical and powerful solutions has dramatically improved critical, key planning targets leading to reduced working capital and increased profitability at Fortune 500 and Global 500 companies in heavy automotive, consumer durables and packaged goods, technology, pharmaceutical manufacturing, distribution, and retail industries. Contact SmartOps at 412-231-0115 or http://www.smartops.com/ for more information.
SmartOps Corporation
CONTACT: Media, Tom Henson, VP, Marketing of SmartOps Corporation,+1-412-231-0115, ext. 112, or thenson@smartops.com