GENCO Partners with TECSYS to Deliver Best-in-Class Solutions to Health Systems; Creates Real-time Inventory Visibility and Efficiencies Through Streamlined Processes
PITTSBURGH, PA, November 20, 2013 — GENCO, the leader in delivering product lifecycle logisticssm solutions, announced today that it has partnered with TECSYS to provide its comprehensive hospital logistics offering for Integrated Delivery Networks (IDNs) that utilize Consolidated Service Centers (CSCs). This partnership will allow GENCO to combine its 4.2 million sq. ft. healthcare infrastructure and the knowledge and experience of serving 80+ healthcare-related manufacturers and several Tier 1 chains to help bring medical device manufacturers closer to their IDN customers.
"We partnered with TECSYS because of their proven success with a long list of IDNs and their ability to provide mobile device-driven solutions to serve warehouse management, clinician supply management, procurement and CSC order management," said Val Dodd, president of GENCO's Healthcare Logistics. "Through this partnership, we are effectively combining our more than 20 years of healthcare logistics leadership with the industry's premier IDN software solutions to deliver a holistic approach that meets the needs of IDN customers."
For more than a decade, TECSYS' software solutions has enabled health systems to transform their infrastructures into efficient and effective supply chains, saving customers millions of dollars annually, while helping them improve patient care. TECSYS' current software solutions include warehouse and delivery management for the CSC, supply management for point-of-use and inventory management for the operating room. TECSYS' long-standing leadership has been recognized by Gartner as the innovative visionary in this space, with a dominant market share and high degree of respect among its IDN customers.
"GENCO's reputation for execution excellence is well documented. The company has long been recognized for its innovative supply chain solutions that create initial and ongoing value. IDNs employing an outsourcing strategy can now remove risk and realize the financial benefits of combining GENCO's product lifecycle logistics approach with our market-leading technology platform," stated Peter Brereton, president and CEO of TECSYS.
GENCO is the recognized leader in product lifecycle and reverse logistics solutions designed to maximize value and reduce costs. GENCO operates 140 value-added warehouse locations comprising 35 million square feet and manages $1.5 billion in freight annually throughout North America. GENCO's diverse range of customers includes many Fortune 500 companies in the technology, consumer & industrial, retail and healthcare markets and the federal government. GENCO's complete range of product lifecycle services include inbound logistics; warehousing & distribution; fulfillment; contract packaging; transportation management; systems integration; returns processing & disposition; test, repair, refurbishment; product liquidation; and recycling. For more information, visit www.genco.com.
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, supply management at point-of-use, as well as complete financial management and analytics solutions. 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 need 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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