There's intense pressure to reduce costs and improve efficiencies in the fiercely competitive life sciences industry. Pharmaceutical
companies and medical equipment manufacturers operate in a complex business environment. You're often manufacturing for diverse worldwide markets that require significant brand variations. Aligning product portfolios and inventory requirements can be difficult. Product demand can easily range from high-dollar SKUs with low-volume forecasts to low-dollar products with high volumes, streamlining new product introductions and quickly adapting to swings in demand caused by successful rollouts. Profitability involves accurate planning and efficient supply chain management
. With production spread across global locations, production plans must reconcile global manufacturing constraints and stringent quality control. Strict lot control is essential for managing and tracking critical expiration dates. And regulatory compliance can be tedious. Environmental and safety agencies have regulations that vary from country to country.
Logility Voyager Solutions™ can provide powerful supply chain management tools enable the real-time visibility you need to effectively manage your global life sciences supply chain. Through effective sales and operations planning (S&OP), you can efficiently develop worldwide operational plans to lower costs while improving margins. Integrated performance management capabilities built into Logility's life sciences supply chain software enable you to automatically monitor business performance. This way you can manage by exception and resolve issues before they become problems. To optimize inventory, Logility's supply chain management tools enable widely dispersed operations to synchronize multi-echelon demand forecasts, production schedules and capacity plans. Real-time information flows help you ensure constant replenishment at multiple distribution centers to improve customer service.
Fisher Scientific International, Inc. deployed Logility Voyager Solutions to improve inventory management and better align its product portfolio. Within 24 months of implementing Logility's life sciences supply chain solutions, the company reduced inventory by $5 million while increasing revenue and improving customer service levels.
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Leading life sciences companies rely on Logility's pharmaceutical supply chain solutions to:
- Forecast demand accurately by item, location, customer and/or group
- Gain operational efficiencies through sales and operations planning (S&OP)
- Evaluate multiple scenarios for cost-effective sourcing and production
- Reduce time to market for new product introductions
- Calculate time-phased safety stock automatically and optimize replenishment quantities by item and location
- Optimize inventory investments to reduce costs
- Monitor and measure key performance indicators