By Terri Hiskey on Jan 30, 2013
The flu season is upon us once again and I'll bet that most of you have spent some time in the cold and flu aisle at your neighborhood Walgreens or CVS pharmacies checking out the variety of medication available. Have you heard of PL Developments? They are a leading organization in the life sciences domain that produces many of these cold and flu medicines. Tom Crowe, CIO of PL Developments will be a featured speaker in one of our PLM track sessions, Integrated Business Planning: New Product Management and Forecasting (Weds Feb 6, 2:15-3pm). Read the blog below, authored by guest blogger Priya Mokha, Director of Client Development at KPIT, and see how KPIT has enabled PL Developments to optimize their supply chain.
New Products Management and Forecasting Helped PL Developments Achieve a Robust Supply Chain
by Priya Mokha, Director of Client Development, KPIT
PL Developments partnered with KPIT to manage and forecast new products using Oracle Agile Product Lifecycle Management and Oracle Value Chain Planning. This year at the Oracle Value Chain Summit, Tom Crowe, CIO from PL Developments and KPIT recount the success story – a story that can inspire many to use cutting-edge Oracle technology to stay ahead of the curve.
PL Developments is a fast growing wholesale distributor of over-the-counter pharmaceutical products to big box retailers like CVS, Walgreens, Walmart, and Target. To ensure that these medicines reach the counters before a disease reaches you, PL Developments has built an automated, low-cost, optimized supply chain using Oracle Value Chain applications including both Process and Discrete Manufacturing, Agile PLM, Demantra and ASCP synchronized together, and Warehouse Management All-in-One (software, scanners, labels, label printers). With a phased approach, the pharmaceutical giant has focused on getting the system up and running, then adding VCP and VCE tools, and finally optimizing the system to provide true value.
We all know that in today’s fast paced and highly competitive markets, companies are introducing new products at a faster pace and with shorter product lifecycles. Product profitability and market sustainability are aspects that a company must strive for to maintain its competitive advantage. This can be possible only when a company has the ability to manage and forecast product entries and market exits effectively. PL Developments achieved all these with Oracle technology and the robust partnership with KPIT – an Oracle Platinum Partner.
At this year’s inaugural Value Chain Summit, be sure to attend the session with PL Developments and the experts from KPIT on New Product Management and Forecasting from an Integrated Business Planning perspective. The speakers will present challenges, methods, solutions approach and also feature PL Developments’ success story where KPIT deployed a solution to manage and forecast new products using Oracle Product Life Cycle Management and Value Chain Planning Suite.
Some of the key takeaways from this session are:
NPI Management: Product Lifecycle Management Perspective
NPI Forecasting: Value Chain Planning Perspective
NPI Management and Forecasting at PL Developments
· Be there on Wednesday, February 6th, 2:15 pm – 3:00 pm in the PLM Track to hear this fascinating success story: Integrated Business Planning: New Product Management and Forecasting presented by Tom Crowe, CIO, PL Developments, Sushant Sawant, Director VCP, KPIT and David Bartlett, Sr. Director, PLM & MDM, KPIT.
If you wish to explore Oracle’s cutting-edge technology to stay ahead of the curve, meet KPIT experts at the Oracle Value Chain Summit or schedule an appointment by emailing me at priya.mokha @kpitcummins.com.