TECSYS Announces Innovative Solutions at ProMat 2013, the Industry's Premier Supply Chain Trade Event
MONTREAL, January 21, 2013—TECSYS Inc. (TSX: TCS), an industry-leading supply chain management software company, is releasing at ProMat 2013, the premier showcase for material handling, supply chain and logistics solutions in North America, innovative solutions in its product and services portfolio. These solutions are designed to further differentiate the Company's supply chain execution offerings in the competitive landscape and empower its customers with the ability to streamline their business processes, significantly increase visibility and lower supply spend.
TECSYS' President and CEO, Peter Brereton, commented on the announcements: "We continue to innovate, introducing continuous improvements that deliver practical, innovative solutions to our clients. The announcements we are making today will help accelerate the rate-of-return on customers' technology investments. They will also provide our customers another competitive edge over their competitors by combining extreme visibility, supply chain management deployment knowhow with an optimum user experience."
TECSYS' innovative solutions include:
- Self-Service Requisition Management System (RMS)
- TECSYS SMART™
TECSYS' Requisition Management System (RMS)
TECSYS' RMS is an intuitive, user-friendly self-service requisition management solution that enables hundreds of users across an enterprise to quickly and easily initiate, process and track purchase requisitions for stock and non-stock items with little or no intervention from purchasing agents. TECSYS' RMS provides the ability to configure multiple types of requisition submissions; each uniquely defined based on supply source, approval structure, appropriation assignment as well as tracking and automation of email notifications with full edit capabilities for approvers and buyers.
As a self-service facility, TECSYS' RMS is very intuitive and users require no training. It speeds up the requisition and appropriation process, eliminating paper trails, streamlining the purchasing process, accelerating order times, improving fill rates, often reducing inventory levels due to overstocking and ultimately lowering the total supply chain spend.
An industry first, TECSYS SMART is a set of innovative tools and application knowhow, combining the power of TECSYS' professional expertise, proven business and implementation processes as well as dynamic knowledge resources. TECSYS SMART enables a distribution organization to enjoy an accelerated rate-of-return on their technology investment and achieve the highest performance in managing their supply chain.
TECSYS SMART tools are all about maximizing the success of the software deployment. By empowering logistics management and users with guided and proven business processes and knowhow, TECSYS SMART enables distribution organizations to reduce cost, complexity and time required to implement and use software applications. These tools provide a proven approach that takes as much as 60% out of the time and cost associated with the software implementation process and at the same time maximize the use of the full capabilities of the software application; ultimately translating into a significant ROI for businesses.
TECSYS provides transformative supply chain solutions that equip our customers to succeed in a rapidly-changing omni-channel world. TECSYS solutions are built on a true enterprise supply chain platform, and include warehouse management, distribution and transportation management, as well as complete financial management and analytics. Customers running on TECSYS' Supply Chain Platform are confident knowing they can execute, day in and day out, regardless of business fluctuations or changes in technology, they can adapt and scale to any business needs or size, and they can expand and collaborate with customers, suppliers and partners as one borderless enterprise. From demand planning to demand fulfillment, TECSYS puts power into the hands of both front line workers and back office planners, and unshackles business leaders so they can see and manage their supply chains like never before.
TECSYS is the market leader in supply chain solutions for health systems and hospitals. Over 600 mid-size and Fortune 1000 customers trust their supply chains to TECSYS in the healthcare, service parts, third-party logistics, and general wholesale high-volume distribution industries. TECSYS' shares are listed on the Toronto Stock Exchange under the ticker symbol TCS.
Forward Looking Statements
The statements in this web site relating to matters that are not historical fact are forward looking statements that are based on management's beliefs and assumptions. Such statements are not guarantees of future performance and are subject to a number of uncertainties, including but not limited to future economic conditions, the markets that TECSYS Inc. serves, the actions of competitors, major new technological trends, and other factors beyond the control of TECSYS Inc., which could cause actual results to differ materially from such statements. More information about the risks and uncertainties associated with TECSYS Inc.'s business can be found in the MD&A section of the Company's annual report and annual information form for the fiscal year ended April 30th, 2015. These documents have been filed with the Canadian securities commissions and are available on this Web site and on SEDAR .
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