Orchard Park, NY, April 22, 2016 --(PR.com
)-- ValueCentric, the industry leader in healthcare channel intelligence, announced today that their Order Management application surpassed a significant milestone of $200 billion in processed orders annually. Following two recent implementations, the company is now processing critical order data for more than half of the industry’s top 20 pharmaceutical manufacturers, making it the solution of choice for the Pharmaceutical industry. ValueCentric’s Order Management streamlines the daily receipt, analysis, and processing of distributor orders by efficiently evaluating them at the line or order level based on key channel metrics – something not possible with traditional ERP systems.
Offered as part of the company’s ValueTrak Platform, Order Management integrates with any ERP system (including leading ERP providers such as SAP and Oracle) to assess orders received with actual inventory levels, orders in transit, or forecasted product needs, and allows for days-on-hand “what if” simulations. The solution also applies advanced statistical algorithms to automatically generate order recommendations, providing users with the ability to split and apportion shipments according to need and availability of product. The result is an enormous time savings for the manufacturer, providing key facts in one simple, easy to use system. “We were able to expedite our order review process by 3 hours each day, and processing errors are a thing of the past. The implementation was seamless, customized to our unique requirements, and completed ahead of the project schedule,” claimed one top-10 pharmaceutical manufacturer Vice President, Commercial Operations.
“Our Order Management solution was designed to save manufacturers time and money, and this milestone validates our approach – manufacturers have clearly responded well to our solution,” said Cameron Hall, Vice President of Products for ValueCentric. “ValueTrak’s Order Management module is easily customized, allowing for unique order parameters down to the individual SKU level. We’ve also extended the user experience to mobile platforms, allowing for review and processing of orders no matter the circumstance,” said Hall.
ValueCentric’s Order Management solution is part of a suite of channel management modules available in their cloud-based ValueTrak platform. The company processes and analyzes channel and Rx data, providing timely and accurate reports, insights, and data management services to manufacturers of all sizes. ValueCentric’s solutions promote advancements in the ways in which customers can leverage data, allowing for greater flexibility in analysis and reporting, improving patient access to product, and concise articulation to stakeholders.
ValueCentric is the leader in channel data management and analytic solutions for the healthcare industry. Its mission is to help customers leverage their channel data to improve business decisions, reduce costs, and increase the speed in which products reach patients in need. Pharmaceutical, specialty pharma, and medical product companies including marquee customers AstraZeneca and Johnson & Johnson trust their platform, ValueTrak. ValueTrak provides trade, finance, managed markets, and sales teams with a flexible and powerful platform to improve business relationships, manage orders, and integrate key pharmacy and channel data to make more informed product decisions. ValueCentric continues to be a pioneer in the pharmaceutical, specialty, and medical products industries investing in big data solutions and improving how all parties can use data to optimally manage their product performance in the channel.