Smiths Medical Healthcare/Pharmaceutical Product Line Service Levels Increased 2 Percentage Points; Back orders reduced by 52%
Smiths Medical Healthcare/Pharmaceutical Product Line Service Levels Increased 2 Percentage Points; Back orders reduced by 52%
2 Pageswww.toolsgroup.com Smiths Medical Healthcare/Pharmaceutical Project & Objectives A product line as complex as Smiths Medical, which includes hardware, disposables, kits, OEM products and many more classes of items, led to numerous inventory management challenges. Each item had to be planned differently. The amount of stock to carry for each item depended not only on customer demand, but many other factors such as shelf life, demand volatilit
