Case Study

Inventory Optimisation Brings Healthy Outlook To Harvard Drug

Harvard Drugs' buyers were still using spreadsheets to manage inventory across the company’s four warehouses. Silos created additional inefficiencies.

Harvard Drug distributes a deep catalog of brand and generic pharmaceuticals, over-the-counter medications and supplements to more than 15,000 wholesale and retail customers. As the company grew the manual processes for managing inventory needed an upgrade.

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CHALLENGE
Despite tremendous growth in catalogue products, Harvard Drugs’ buyers were still using Excel spreadsheets to manage inventory across the company’s four warehouses. Silos across the organisation created additional inefficiencies.

SOLUTION
Harvard Drug’s goal was to bring continuity across all channels of the business from a buying perspective. The company selected Manhattan’s Inventory Optimisation solution to improve productivity throughout purchasing, and allow buyers to forecast and replenish more strategically.

RESULTS
Within one year, Harvard’s institutional division saw 6% growth from higher fill rates, and fill rates have improved by 430 base points year over year.