Putting Patients First with SAP S/4HANA Inventory Pricing Capabilities
Founded in 1988, the client is the largest distributor of human blood products, vaccines, and critical-care biopharmaceutical products in the United States. Beyond distribution, the purpose-driven organization is committed to leading with integrity and forging a patient-centered focus.
The client is known for its groundbreaking distribution innovations, such as uniting biopharmaceutical manufacturers, group purchasing organizations (GPOs), and hospital partners to improve cost containment and availability of in-demand products. Assessing its inventory management processes, the company saw an opportunity to move to dynamic, real-time pricing processes, taking innovative delivery models to the next level.
Many companies offer 24x7 ordering, but in distributing specialty pharmaceuticals, the ability to get the right product into the right hands fast is about more than customer satisfaction. But in moving at speed, data accuracy can be an understandable yet costly afterthought.
SAP S/4HANA and the SAP Incentive Administration application by Vistex (part of the industry cloud portfolio) brought visibility to the client through real-time data. Be it mass pricing updates or new pricing agreements with group purchasing organizations, pricing data is now fully automated and immediately visible. Customers can access accurate, real-time pricing from the price list and catalogs through electronic data interchange. They can check availability and purchase products from the web portal based on timely information, and automated analysis and tracking of inventory levels help inform product replenishment.
In an era of razor-thin margins and vendor consolidation, the client saw digital transformation as mission critical. Innovative, automated replenishment, RFID consumption-based invoicing technology, and SAP S/4HANA inventory pricing have enabled the company to become a truly intelligent enterprise, living up to its mission to help healthcare care.
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