Predictix supplements McKesson Canada's existing replenishment system to improve promotions forecasting accuracy
ATLANTA, Aug. 3 /PRNewswire/ -- Predictix today announced that McKesson Canada, the leading provider of healthcare products and solutions to the Canadian market, has selected Predictix to improve the accuracy of promotions forecasting. McKesson Canada is currently implementing the Predictix promotions forecasting application to improve forecasts for over 35,000 non-prescription products sold to 8,000+ community and chain pharmacies in the country.
Predictix provided McKesson Canada with a different approach compared to traditional software vendors. Instead of replacing the company's existing systems, Predictix will integrate with their legacy system to deliver a sophisticated, flexible and easy-to-use promotions forecasting application that will improve the legacy systems' forecasts. Moreover, by delivering Predictix Forecasting in a software-as-a-service (SaaS) model, McKesson Canada will benefit from a rapid implementation that requires no large up-front investments, computer hardware, or software to install.
Predictix Forecasting will significantly increase the company's ability to forecast its clients' many promotional events across a very diverse range of products and categories. Predictix will help to:
- Reduce inventory and safety stock.
- Decrease costs by eliminating re-buys.
- Deliver added value to retailers by helping them eliminate over-buying and maximize profit potential.
"McKesson Canada chose Predictix after a thorough review of the industry's leading forecasting and replenishment solution providers. We believe Predictix will allow McKesson Canada to continue increasing the efficiency of our existing IT infrastructure and applications," said Paul de Montigny, Vice President Purchasing, Manufacturer Relations and Six Sigma, McKesson Canada.
"McKesson Canada's requirements are an ideal match for the flexibility and power of the Predictix promotions forecasting system," said Ken Palmer, executive vice president, Predictix. "Preliminary analysis has demonstrated a significant improvement in forecast accuracy that will help reduce overall safety stock and increase service levels. We are excited to be working with McKesson Canada to help them provide even greater value to their customers."
About McKesson Canada
Founded more than 100 years ago, McKesson Canada (www.mckesson.ca) is the leading provider of supply, automation as well as information products and services within the Canadian health care marketplace. Beyond pharmaceutical distribution, McKesson Canada has provided automation services for 2,500 retail pharmacies and is also active in hospital automation solutions, helping dispense more than 100 million doses each year. The company also provides a full range of services to Canadian manufacturers and healthcare providers, contributing to the quality and safety of care for Canadian patients. McKesson Canada is a wholly-owned subsidiary of McKesson Corporation of San Francisco.
At Predictix, we help Tier 1 retailers and brands make better merchandising decisions with the first and only software-as-a-service suite for planning, allocation, assortment and space optimization, pricing, promotions, forecasting, and replenishment. Building on our executive team's experience in leading well-known retail technology companies, we've developed our software from the ground up so our clients can completely tailor and readily adapt it as their business needs change. We implement our solutions rapidly – and with no hardware to buy, software to install, large up-front investments to make, or long-term commitments to sign, our clients can move quickly and confidently on their merchandising initiatives. In essence, we are changing the way retailers and brands invest in and get value from technology. Learn more at www.predictix.com.