TECSYS Extends its RFID Kanban Replenishment System from Healthcare to Broader Distribution Industries
ProMat 2017, April 4, 2017 — TECSYS Inc. (TSX: TCS), an industry-leading supply chain management software company, announced today a market leading and proven RFID Kanban inventory replenishment system that addresses the just-in-time needs of supply chains at point-of-use inventory settings. It provides clear visibility and accessibility of products anywhere in a distribution network, it also automates replenishment based on real-time consumption, captures usage while significantly reduces cost as well as cash tied-up in inventory.
Robert Colosino, Vice President, Marketing at TECSYS, stated: "After a decade of proven ROI in the demanding healthcare provider industry, we are extending our latest RFID Kanban System to an underserved and broader distribution operation’s market. These industries are facing significant challenges of volatile and unpredictable demand, lack of inventory visibility and costly supply chain processes. Our RFID Kanban System addresses these challenges head-on, freeing workers from the time-consuming and error-prone manual processes."
TECSYS’ RFID Kanban System brings optimum ease-of-use and efficiency to a point-of-use setting. It dramatically cuts cost, relieves workers from the time-consuming inventory management chores and enables them to access supplies quickly and easily from anywhere in the organization’s distribution network. Product and usage information are captured in the TECSYS system, enabling purchasing organizations to track usage, re-order automatically and plan the demand accordingly, virtually eliminating all stock outs.
TECSYS’ RFID Kanban System addresses inventory management of the point-of-use challenges of such operations as maintenance and repairs (MROs), parts distribution, healthcare products distribution, utilities, education, municipalities and other general businesses challenges at point-of-use.
TECSYS’ RFID Kanban Replenishment System is setup with a pre-established demand-based quantity of products, divided between two compartments of a storage module on the Kanban shelf. When products in the first compartment are consumed, the last person to pick this product transfers the product’s identification RFID tag to TECSYS’ smartpanel™ located near the storage unit. Placing the tag on the smartpanel triggers an automated replenishment request before critical supply levels are reached. Logistics staff then begin using items from the second compartment, which holds a level of inventory based on consumption within a pre-defined period of time.
By placing the product RFID tag on TECSYS’ smartpanel, the system transmits the request to the supply management application which generates a pick list for stock items or a requisition for direct purchase items to refill products to their appropriate levels.
About TECSYS’ RFID Kanban System (PDF, 600K)
TECSYS at ProMat 2017: booth # S3462
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.
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