Life Sciences Industry: Meet Complex Challenges with a Simple Solution
Delivering high-quality pharmaceutical and biotech products to a global market is a challenge in itself. But today’s life sciences companies are facing an increasingly severe set of challenges before they even begin production. Price competition has become more intense than ever, while commodity costs continue to rise. Research and development costs are also increasing, due in part to a shortage of skilled workers. And geopolitical pressures—such as escalating trade wars and a disruptive Brexit—are clouding the profitability picture for many life sciences companies. This is no time to keep using processes and systems designed for a vastly different environment in the 1980s and 1990s.
Demand Solutions Digital Supply Chain Platform goes live quickly and delivers a speedy ROI for life sciences companies that are struggling to meet economic and regulatory challenges.
Life sciences companies use Demand Solutions to:
- Launch new and enhanced products successfully in a competitive environment.
- Decrease waste using expiry date planning and allocation to better manage inventory positions.
- Accelerate cash-to-cash cycles and improve service levels with advanced analytics.
- Maximize efficiency by linking manufacturing facilities, inventory depots, distributors, and retail channels.
- Squeeze excess cost and unacceptable delays out of connected global supply chains.
Get More Out of Your People and Assets
A successful life sciences company is a company that maintains a broad network of suppliers, talent, production facilities, and inventory holdings around the world and can bring them to bear as needed to meet demand. To build and optimize such a network, life sciences companies must maintain real-time visibility into every process.
With Demand Solutions, life sciences companies can:
- Gauge the cost of servicing any account using customer-specific forecasting capabilities, “what-if” analysis, and time-phased inventory policies.
- Balance inventory by optimizing allocation among multi-echelon supply chain points using demand sensing.
- Make breakthrough demand planning improvements by maintaining real-time visibility into the supply chain.
- Contain costs and mitigate risk through multi-echelon inventory optimization.
- Optimize multi-plant production, scheduling, and labor resources.