Inventory Optimization Brings Healthy Outlook to Harvard Drug
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, its legacy manual processes in place for managing inventory needed an upgrade.
Despite tremendous growth in catalog products, Harvard Drugs’ buyers were still using Excel spreadsheets to manage inventory across the company’s four warehouses. Silos across the organization created additional inefficiencies.
Harvard Drug’s goal was to bring continuity across all channels of the business from a buying perspective. The company selected Manhattan’s Inventory Optimization solution to improve productivity throughout purchasing, and allow buyers to forecast and replenish more strategically.
Progress & 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.
Distributes a deep catalog of brand and generic pharmaceuticals, over-the-counter medications, and supplements from four warehouse locations
“Inventory management, by definition, is a very tactical view of the world. Trying to turn that and make that strategic really is a game changer for us. We’re doing a lot more with a lot less.”
Read the Case Study
Read how Harvard Drug reduced obsolete inventory, increased fill rates, and improved overall inventory productivity with Manhattan.