article thumbnail

For Big Pharma, The Clinical Trials Supply Chain is Critical

Logistics Viewpoints

Pharmaceutical companies run two types of supply chains. There is the commercial supply chain where drugs that have been approved for use on patients are shipped to distributors, drug stores, and hospitals around the world. Then there is a clinical trials supply chain. dollars on drug development.

article thumbnail

Safety Stock – Mastering Demand and Supply Chain Planning

ToolsGroup

Safety Stock: Navigating Supply Chain Volatility Through Strategic Inventory Planning Demand volatility represents a critical challenge for supply chain executives today, with safety stock emerging as a key strategic tool to mitigate market uncertainties.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Growing recognition within pharma that inventory management should be a top priority

The Network Effect

There is growing recognition within pharma that inventory management should be a top priority. Industry insiders are beginning to put increasing focus on improving their inventory management practices, which lag far behind those of other industries. Stock inventory typically ranges between 1 and 8 turns. Pharmaceutical'

article thumbnail

Pharma companies will increasingly take cues from retail and consumer goods….why?

The Network Effect

If you want to know ahead of time the changes awaiting the pharmaceuticals supply chain it is useful to extrapolate experiences from the consumer and retail sectors, which were dealing with the same trends and pressures long before pharmaceuticals (for example, the proliferation of distribution channels).

article thumbnail

5 Critical Challenges Facing Pharmaceutical Supply Chains

There’s little room for error in most global supply chains, but none for the pharma cold chain. Real-time visibility and tracking are critical to order accuracy, schedule reliability, inventory management and compliance in a high-value, highly regulated industry.

article thumbnail

Build Political Capital to Drive Supply Chain Planning Success

Supply Chain Shaman

And how can supply chain planning help? In one project, I am interviewing over fifty supply chain leaders on their perceived impact of advanced planning, what makes a good plan, and how effectively they use the technology. I am also writing the new edition of the Supply Chains to Admire.

article thumbnail

Why Investing in Pharmaceutical Inventory Software is a Smart Choice?

EMERGE App

Pharmacies typically have a vast supply chain network. Managing inventory effectively and carefully is necessary for pharmacy. By enhancing inventory management , a Pharmacy can reduce costs and improve overall operational efficiency. Pharmaceutical Inventory software is valuable for pharmaceuticals.