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Home » Big Data Analytics Helps Healthcare Product Supplier Keep Tabs on Inventory

Big Data Analytics Helps Healthcare Product Supplier Keep Tabs on Inventory

October 2, 2015
IT World

H. D. Smith overcame a several-years-long struggle to rein in its supply chain information using analytics software that tracks data on the 100,000 products, including prescription drugs, health, wellness and beauty products, the company ships to hospitals and drugstores. CIO David Guzman, who led the initiative for the Springfield, Ill.-based company, says analytics have also helped reduce costs and boost sales and will eventually help customers improve their patient outcomes.

"Analytics and data are gold for our suppliers and customers," Guzman said.

Big data analytics has emerged as a strategic priority for corporate IT departments tasked by senior management to drive operational efficiencies or lend new insights into customer activity. Some 76 percent of companies are investing or planning to invest in big data services in the next two years, according to a new survey of IT and business leaders by Gartner.

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Logistics Technology Cloud & On-Demand Systems Inventory Planning/ Optimization High-Tech/Electronics Pharmaceutical/Biotech
KEYWORDS business intelligence Cloud, SaaS & On-Demand Systems High-Tech/Electronics inventory control Inventory Planning/ Optimization IT World Logistics logistics services pharmaceutical supply chain Pharmaceutical/Biotech supply chain IT Supply Chain Management: Pharmaceutical/Bio-Tech Technology tracking & tracing
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Big Data Analytics Helps Healthcare Product Supplier Keep Tabs on Inventory

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