Loaner Processing, Just-in-time Delivery, Superior Compliance, Faster Turnarounds Spur Big Savings
Edison, N.J.: Iris Software has designed and deployed an RFID-based "Sense-and-Response" solution for medical device manufacturer Synthes of West Chester, PA. On May 15, 2012, Iris and Synthes conducted a Webinar to share their experience, engagement, and business benefits of this deployment.
Synthes is employing Radio Frequency Identification (RFID) to manage inventory at both the item and case levels. Each surgical kit has numerous parts. By using RFID, Synthes' Distribution Center is able to rapidly & accurately perform inventory counts during the Shipping, Receiving, Audit and Put-Away processes; Speed & accuracy in these processes allows for rapid replenishment of returning Loaners/Surgical Kits.
At each stage of the Distribution Center's processes, Synthes is able to confirm that the proper item has been placed within each kit. When a surgical kit is returned to the distribution center, shop-floor personnel can quickly conduct inventory and invoice the hospital for any used items.
By RFID-enabling these DC processes—shipping, receiving, auditing and replenishment—Synthes has saved more than 14,000 labor hours annually. The direct labor savings of six full-time equivalents alone provided a return on investment within 6 months. Additional benefit is increased throughput, which means no new facilities are required to accommodate a growing volume of surgical kits and sets.
Mike Diguglielmo, Vice President of Process Improvement, Synthes and Anil Sanagavarapu, Director – RFID Practice, Iris Software presented the case study to an audience of over 200 attendees over a Webinar hosted by RFID Journal ( http://www.rfidjournal.com/), the world's first independent media company devoted solely to radio frequency identification and its many business applications.
Topics covered at the Webinar included –
A. Synthes' level of engagement with Iris
B. Iris' roles & responsibilities as a value-added software and solution provider
C. Iris' Sense & Response application's features and capabilities
D. Business benefits and RoI along the following dimensions:
- Direct Labor savings
- Greater Asset Utilization
- Lower inventory levels of parts
- Realization of greater effective capacity at the Distribution center for throughput & stocking
About Iris Software
Iris Software has emerged as one of the fastest growing companies in its industry today. Iris' revenues have clocked a compounded annual growth rate of more than 35% in the past three years. Headquartered in Edison, New Jersey, Iris has other offices in New York City and Stamford, Connecticut; and an offshore development center in New Delhi, India.
Iris Software counts among its long-time clientele companies including Ernst & Young, PepsiCo, TD Ameritrade, Barclays, Nomura, Thomson Reuters and UBS. Recent "logo additions" include Johnson & Johnson, Synthes, KPMG and HSBC, among others.
Over the past two decades, Iris Software has acquired strong expertise in applications for areas including supply chain solutions, trading platforms and electronic data discovery. It is now strengthening its offerings for clients in pharmaceuticals, investment banking, insurance, pharmaceutical, manufacturing and logistics.
Contact us at:
Iris Software, Inc.
200 Metroplex Drive, Suite #300
Edison, New Jersey 08817, USA
Tel: (732) 393 0034 Fax: (732) 393 0035
E mail: [email protected]