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By Industry
Pharmaceuticals |
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Pharmaceutical companies across the world are facing challenges due to lengthy drug discovery cycles, rising research and sales costs, competition from prescription and generic equivalents and stringent regulatory compliance.
Just like the world financial system, 21st-century pharmaceutical corporations need a new business model for their enterprise supply chains. The old conventions no longer work in this new world of volatile and increasingly unpredictable demand and supply.
The enterprise needs to become more 'connected' to its own functions, as well as its partners up and down the chains. There is an urgent need to embrace new ways of looking at customers to gain deeper, more insightful understanding revealing the reasons they want to buy your products and services.
Finally, these signals need converting into corresponding action, driven by the people in the business, leaders and staff alike, who are aligned to their customers' wishes. This is the world of dynamic supply chain alignment where, increasingly, supply chains are the business.
In recent years, pharmaceutical supply chains have become more complex with higher production volumes, increasing costs, large SKU line up, and reducing product life cycles. It needs a new look on enterprise-wide control over factory planning, improved customer response times, reduced costs and reduced materials inventories.
Typically,
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- Pharmaceutical Supply Chains are large, Global Supply Chains
- High Product availability and high Customer Service Levels are mandatory
- Capacity constraints MUST be considered for all planning purposes
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Inherent Uncertainties in Demand Further Complicate Planning
Uncertainties and variances in demand over time -- as well as unexpected supply chain disruptions -- make it that much harder for planners and executives to decide with confidence how much inventory they should carry at any point in their supply chain.
To consider such complexities, the solution approach must be able to account for all the drivers of inventory to adequately manage safety stock levels and other purposes for carrying inventory.
VCS builds optimization models to manage uncertainties, create visibility and optimal stock levels at all the nodes in supply chain.
VCS help its clients in the following areas:
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- SCOR Implementation (connect to SCOR section)
- Customized Model Building (connect to model building section)
- Improved visibility of near expiry products at warehouse and stockist level
- Designing a differentiated ‘supply chain footprint’ for multiple products/SKUs
- Developing a tax efficient supply chain
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