Life sciences companies face a unique set of supply chain demand planning challenges including extreme service level requirements, multi-tier distribution networks, strict regulatory requirements, a challenging inventory mix of high- and low-volume items and increasing demand uncertainty due to a rapidly changing portfolio of new products sold through new channels and new markets. This ebook highlights five capabilities every life science supply chain team must address to formulate optimized supply chain demand planning.
A heads up — the first area is embracing and managing a digital transformation. The digitization of a supply chain involves creating a detailed data and process model that mirrors the intricacies of an actual end-to-end supply chain network. Done right, this “digital twin” will have enough detail to model the information, money and product flow from acquisition of components, through production, distribution and fulfillment to the customer. The benefits of digital transformation for life sciences companies are plentiful and include:
- Process Automation: Use information to automate routine process steps and free up resources to work on more value-added activities.
- Continuous Planning & Optimal Response: Unleash the full capabilities of your supply chain demand planning solutions to develop game-changing competitive breakthroughs in customer service and value creation.
- Advanced Analytics: Enjoy In-depth, end-to-end analysis using multiple “what if” scenarios and have information you need to head off potential risks and fully embrace opportunities.
Download this eBook today to explore in detail four additional capabilities that can help life sciences companies eliminate excess cost and inefficiencies from global supply chains while maintaining confidence in supply.