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Managing Technology Assets Pays Off for American Home Products

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Presentation on theme: "Managing Technology Assets Pays Off for American Home Products"— Presentation transcript:

1 Managing Technology Assets Pays Off for American Home Products
Jaime Oberg Bismarck Site

2 Executive Summary AHP managed IT assets chaotically
Bluestone and team changed software and hardware and procedures Eliminated duplication of PC procurement Asset management systems will change to support software applications through ASP’s

3 AHP loss and profit margins
In 1998 the profit of $2.5 million In 1999 loss of $1.2 million $13.5 billion annual sales

4 Lawsuits October of 1999 Fen-phen lawsuit
200,000 former fen-phen users On January 3, 2002, a national settlement, valued at $3.75 billion fen-phen

5 AHP computer assets Derek Bluestone
New pharmaceutical division’s mgr global IT Changed how division’s managed asset records Estimated $1 million savings in 3 years 1998 selected new software Argis, NetCensus Implemented in all 20 U.S. pharmaceutical divisions

6 Competitors GlaxoSmithKline Pfizer Forest Laboratories Bayer Abbott

7 Conclusion Takes time to establish an asset management system
Pharmaceutical division operates with single system for recording and managing all hardware and software assets They selected Argis and NetCensus to use

8 Recommendations Team should understand the business that the IT serves, business goals and objectives Need to identify current technology serving the business Determine criteria for choosing a system based on new functions Implement new system in a phase type manner

9 Questions??


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