Becton Dickinson Utilizing Optiant's PowerChain(TM) Suite to Drive High Customer Satisfaction Levels and Set Supply Strategy for Low Volume SKUs.Global Leader in Medical Technology and Device Manufacturing Achieves End-to-End Supply Chain Visibility and Improves Inventory Mix with Inventory Optimization optimization Field of applied mathematics whose principles and methods are used to solve quantitative problems in disciplines including physics, biology, engineering, and economics. Solutions from Optiant BOSTON -- Optiant, the leading provider of inventory planning and optimization solutions, announced today that Becton Dickinson BD (NYSE: BDX), is a medical technology company that manufactures and sells medical devices, instrument systems and reagents. Founded in 1897 and headquartered in Franklin Lakes, New Jersey, BD employs 27,000 people in nearly 50 countries. (BD), a leading global medical technology company that manufactures and sells medical devices, instrument systems and reagents, is utilizing Optiant's robust PowerChain[TM] Suite to effectively improve service levels, optimize inventory and quantify Quantify - A performance analysis tool from Pure Software. a distribution supply strategy for its low volume SKUs. Committed to maintaining and driving overall high customer satisfaction levels while reducing inventory requirements for finished goods through improved mix levels, BD is implementing Optiant's award-winning PowerChain Suite in order to obtain a holistic view of its end-to-end supply chain. Moving to a more formal process allowed BD to identify and effectively manage performance drivers such as supply lead time uncertainty and demand variability. "Becton Dickinson's overall success is directly impacted by our ability to continually streamline and improve the sales fulfillment ful·fill also ful·fil tr.v. ful·filled, ful·fill·ing, ful·fills also ful·fils 1. To bring into actuality; effect: fulfilled their promises. 2. process and delivery performance we provide our customers," said Ewald Parolari, director of supply chain at BD. "With Optiant's PowerChain Suite of solutions in place, we are poised to take our businesses to the next level by creating a supply chain that is both responsive and resilient See resiliency. to supply and demand variability." As a result of implementing Optiant's inventory optimization solutions, BD is positioned to realize dramatic improvements in the areas of customer satisfaction levels and inventory reduction. Additionally, BD was able to implement a formal supply chain strategy for its low volume SKUs, enabling the company to identify appropriate inventory levels and thus reduce overproduction o·ver·pro·duce tr.v. o·ver·pro·duced, o·ver·pro·duc·ing, o·ver·pro·duc·es To produce in excess of need or demand. o and stock-outs. Through its work with BD, Optiant continues to prove its commitment to the life sciences industry and the success of its industry-targeted solutions. "We are extremely pleased that global manufacturer and life sciences leader, Becton Dickinson, is using Optiant as a tool to improve business processes and more accurately set inventory levels," said Jonathan Colehower, Optiant's CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . About Optiant Optiant, the leading provider of inventory planning and optimization solutions, helps Global 2000 companies optimize bottom-line performance through the creation of the world's most responsive and resilient supply chains. Optiant's solutions optimally balance resources, total costs, and customer service across the supply chain to deliver greater profitability, increased customer satisfaction, more efficient use of capital, and a resilient supply chain that fully handles uncertainty in supply and demand. Optiant has transformed supply chains for the world's leading manufacturers including Black & Decker, Gillette (a Procter & Gamble division), Henkel, HP, Imation, Intel, and Sonoco. Delivering millions of dollars in returns, Optiant's SAP certified See certification. industry-focused solutions generate quantifiable business results within 90 days of implementation. The solutions are based on award-winning research from MIT MIT - Massachusetts Institute of Technology and decades of experience dedicated to the identification and realization of supply chain efficiencies. For more information, please visit www.optiant.com. About Becton Dickinson BD, a leading global medical technology company that manufactures and sells medical devices, instrument systems and reagents, is dedicated to improving people's health throughout the world. BD is focused on improving drug therapy, enhancing the quality and speed of diagnosing infectious diseases infectious diseases: see communicable diseases. , and advancing research and discovery of new drugs and vaccines. The Company's capabilities are instrumental in combating many of the world's most pressing diseases. Founded in 1897 and headquartered in Franklin Lakes, New Jersey Franklin Lakes is a borough in Bergen County, New Jersey, United States. The Franklin Lakes zip code is 07417. As of the United States 2000 Census, the borough population was 10,422. , BD employs more than 25,000 people in approximately 50 countries throughout the world. The Company serves healthcare institutions, life science researchers, clinical laboratories, industry and the general public. For more information, please visit www.bd.com. |
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