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Drive efficiency improvements across your inventory management processes and accelerate the profitability of your business

Pharma & Healthcare

Pharma and 'life sciences' have become a highly competitive global industry. While consumers become increasingly more knowledgeable about the care options available, the cost of health care products continues to soar. To succeed in the pharma industry, the need to provide customers with consistently high service levels cannot be understated. Equally, wholesalers & distributors must remain as efficient as possible in order to stay ahead of the competition.

Assortment management: Focus on what matters to the patient

As new medicines, equipment’s and related products are released by manufacturers, many wholesales now manage huge assortments encompassing many thousands of different SKUs. However, given that every item is exposed to its own individual demand pattern, seasonal influence and supplier profile, Pharmaceutical companies must adopt the right approach to manage every article.

With Slim4, businesses can easily categorise products depending on the strategic importance to the business based using sophisticated ABC analysis. With this enhanced focus, supply chain teams can adopt the most appropriate inventory management strategy for each and every item within the assortment. Ultimately, Slim4 enables businesses to focus their investment in inventory on the items that matter most to the customer.

Automated replenishment: optimised ordering to maximise availability

While customers expect their orders to be delivered immediately, wholesalers often face lengthy lead times of up to several months from their suppliers. Consequently, supply chain teams must bridge this gap in order to satisfy customer demand in a timely manner.

Based on the businesses rules in place, the forecasted demand and the desired service level, Slim4 has the capability to automate the ordering and replenishment process for up to ___ of the articles within the assortment. Taking into account local sales patterns combined with local or aggregated seasonality and trends, Slim4 ensures a dynamic order level for every location resulting in higher levels of availability and up to 50% reduction in out of stocks.

Product lifecycle management: the right approach for every phase

As technology and medical research advances, it’s vital that the assortments of wholesalers and distributors evolve accordingly. As new pharmaceutical products are released it’s vital that these items are phased in effectively while End-of-life articles are phased out at minimum cost to the business.

Slim4 has been specifically designed to help pharmaceutical businesses optimise inventory levels throughout every phase of the product lifecycle. Using predecessor/ successor product relationships, our inventory optimisation solution enables seamless introduction of new articles. Furthermore, through helping businesses to identify when a product reaches the end of the product lifecycle, Slim4 helps businesses to proactively minimise excess and obsolescence.


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Slimstock offer many solutions to help your business thrive and grow. Let Slimstock guide you.

Specialists

Slimstock offers companies the complete solution for the structural optimisation of their inventory.

Direct Results

We only offer our Slim4 software to companies when we are absolutely positive on a return on investment.

Knowledge

With our 20th anniversary in 2013 and 600+ customers worldwide, we are without doubt the market leader.

Resources

Wolseley canada Published in News - 09 March 2018

Wolseley Canada added to Slimstock’s rapidly growing list of North American clients

Plumbing and HVAC supplier, Wolseley Canada, selects Slimstock to improve in-stock performance for clients. Slimstock, a global leader in providing inventory optimisation software, today announced they will be supporting Wolseley Canada’s effort to reengineer sales and operation planning processes to ensure optimum performance from over 220 stocking locations. Slimstock’s implementation consultants will partner with Wolseley
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excess stock automotive aftermarket Published in Automotive, News - 14 February 2018

Why is the automotive aftermarket stalling over excess stock?

Over the years, I have met with many businesses in the automotive aftermarket sector with demand planning and inventory optimisation always being a hot topic for discussion. For many of these businesses, excess stock is both a major speed bump and something which causes headaches for management, finance and supply chain teams alike. While there
Read more
supply chain graduate opportunities Slimstock Published in News - 31 January 2018

Slimstock relaunch The National Inventory Test to promote supply chain graduate opportunities

After another year of continuous growth, Slimstock UK is on the lookout for the UK’s top supply chain talent to join its ever-expanding team. As part of the recruitment drive, the inventory management specialist has decided to relaunch the infamous National Inventory Test in a bid to help promote a number of exciting supply chain graduate
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