Kinaxis has been selected by Teva Pharmaceuticals. Kinaxis will help Teva connect its data, processes and people into a single platform to transform its global supply chain, improve visibility and operational efficiencies.
"Our goal is to improve lives and make better days for patients. With the world's largest medicine cabinet, Teva makes treatment more accessible and affordable for millions of people worldwide," said Dan Hoey, SVP Global Supply Chain for Teva Pharmaceuticals. "Being able to connect our entire supply chain, plan for multiple scenarios and understand the impact of potential changes in advance will help us deliver our products to customers and patients faster and more efficiently. The Kinaxis team's proven knowledge of supply chain, their understanding of pharmaceutical business requirements and the maturity of their platform are clear indicators that they can help us realize significant value across our manufacturing operations and supply chain."
Teva selected Kinaxis for its concurrent planning technique and advanced supply chain planning capabilities. With Kinaxis, Teva will gain greater visibility and control over its end-to-end supply chain network, collapse functional silos, increase collaboration, and more effectively balance inventory. Teva will benefit from capabilities such as integrated business planning, S&OP and advanced analytics for attribute-based planning, lot-for-lot management and product expiry monitoring.
"When dealing with the health of millions of people, it is vital for everyone in the supply chain to be connected and working from the same information. This ensures you have the confidence that you are making the right decision at the right time," said John Sicard, CEO of Kinaxis. "We are thrilled to have earned the trust of Teva, the leading generic pharmaceuticals company worldwide. We look forward to working with them to help reach their business objectives and improve the health of patients around the world."
Kinaxis offers a cloud-based and attribute-based planning solution to help pharmaceutical companies incorporate complex planning rules, like those driven by the FDA. Using Kinaxis and concurrent planning to synchronize their supply chain functions, companies can more effectively manage product on a lot-for-lot basis.