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Managing Technology Assets Pays Off for American Home Products

Managing Technology Assets Pays Off for American Home Products. Jaime Oberg Bismarck Site. Executive Summary. AHP managed IT assets chaotically Bluestone and team changed software and hardware and procedures Eliminated duplication of PC procurement

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Managing Technology Assets Pays Off for American Home Products

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  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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