SAP and Yunnan Hongxiang Yixintang Pharmaceutical Co. Ltd. (Yixintang) have completed the strategic planning for Yixintang's informatization project, enterprise application software provider announced Thursday (21 Nov).
Not only the planning is complete but SAP officials said that the companies have begun to deploy an intelligent management solution powered by the SAP HANA platform with the aim of making Yixintang the industry benchmark for the retail drug industry.
In July 2013, Yixintang's management and SAP Labs China decided to build Yixintang's management platform based on SAP HANA. The SAP team owns the unique methodology, focusing on the R&D and implementation of innovative applications on the SAP HANA platform in collaboration with customers.
This announcement was made at China SAPPHIRE, being held November 20-21 in Beijing.
"The transformation of the retail drug industry in China is just around the corner and businesses must seek new profit growth points," said Mark Gibbs, president of SAP Greater China. "By combining the extensive knowledge and keen insight of SAP and Yixintang, we are able to deliver an intelligent management solution powered by SAP HANA platform tailored to Yixintang's business characteristics. This is of great significance for the retail drug industry. In our future cooperation with Yixintang, we will extend the spirit of co-innovation, and further explore the potential of informatization development in the retail drug industry."
The new implementation will help Yixintang's business expansion by reducing its information silos, and will enable the company to realize effective financial accounting and cross-store drug allocation.
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