SUPPLY PLANNING & INVENTORY MANAGEMENT
Pharmaceutical companies face several specific challenges in supply planning and inventory management.
To name a few:
- Demand volatility: Pharmaceutical demand can be highly unpredictable due to factors like disease outbreaks, seasonal fluctuations, and changes in prescribing patterns.
- Short shelf life: Many medications have limited shelf lives, increasing the risk of expired inventory and waste if not managed carefully.
- Regulatory compliance: Strict regulations govern pharmaceutical storage, handling, and distribution.
- Supply chain disruptions: Manufacturing- and quality issues can lead to shortages if those sources are disrupted.
- Stockouts vs overstocking: Balancing the need to avoid critical drug shortages with the costs of excess inventory
- Visibility and traceability: Maintaining end-to-end visibility of products as they move through the supply chain
- Growing complexity: Increasing product portfolios, new therapies like biologics, and expanding global supply chains add layers of complexity to inventory management.
To address these challenges, pharmaceutical companies need sophisticated forecasting, robust management systems, diversified supply chains, and end-to-end visibility. Advanced technologies are increasingly being leveraged to improve supply planning and inventory management in this complex industry.
Our core expertise is centered around implementation, management and execution of:
- Sales & Operations Planning (S&OP)
- Integrated Business Planning
- Inventory Optimization and Modelling
- Production Planning
- Supply Network Planning
- Distribution Planning