Healthcare Supply Chains. Solved.
Lower Supply Chain Costs | Lower Inventories | Higher Service Levels | Faster Delivery | Quality Optimized
RightChain Healthcare Clients and Engagements
We have been fortunate to support many of the world's largest and most successful healthcare and pharmaceutical manufacturers and distributors. Our healthcare and pharmaceutical clients include Abbott, BD, Baxter, ConvaTec, Dupont, Invitrogen, McKesson, Owens & Minor, and Perrigo among many others.
RightChain Healthcare Results
RightChain implementations simultaneously increase revenue, reduce expenses and reduce capital charges. The overall result is higher gross margins, higher profitability, and higher return on capital investment.
In supply chain terms, revenue increases via higher fill rates and optimized store delivery frequencies and timing. Expenses are lowered via optimized transportation, warehousing, and sourcing. Supply chain capital charges are decreased via optimized inventory levels, optimized logistics infrastructure designs, and optimized rates.
Historically RightChain implementations yield the following range of results.
1. Lower Inventory (9% to 36%)
2. Higher Fill Rates (2 to 7 points)
3. Lower Supply Chain Costs (8% to 23%)
4. Faster Retail Response Times (1 to 3 days)
Examples of results from five large RightChain implementations follow.
Industry's Largest Distributor
3 points higher gross margin
28% lower inventory
3 points higher fill rate
11% lower supply chain costs
Global Healthcare Devices Company
14% lower total supply chain costs
18% lower inventory
6 points higher fill rate
Global Leading Edge Biopharma
16% lower total supply chain costs
27% lower inventory
4 points higher fill rate
9% lower logistics cost
11% lower inventory
9 points higher shipping accuracy
Premier Health & Beauty Products
8 points higher perfect order percentage
24% lower inventory
17% lower total supply chain costs
RightChain Healthcare Screenshots
RightChain Healthcare runs on the RightChain Ai platform. The RightChain Ai platform is a fully-scalable, cloud-based, artificial intelligence powered supply chain optimization and planning subscription solution. The platform is composed of four suites - RightChain (Supply Chain Ai, Analytics & Optimization), RightStock (Inventory Ai, Analytics & Optimization), RightTrips (Transportation Ai, Analytics & Optimization), and RightHouse (Warehouse Ai, Analytics & Optimization). Examples of RightChain Ai in action in healthcare scenarios are illustrated below.
SKU Portfolio Optimization
Supply Chain Network Optimization