When it comes to the pharmaceutical supply chain, real-time visibility and tracking are critical to order accuracy, schedule reliability, inventory management and compliance. This session will discuss how to overcome potential challenges to ensuring that your supply chain systems is top-notch, including:

• How to identify potential disruptive events. For many pharmaceuticals, temperature deviations or “excursions” of even a single degree or two beyond acceptable ranges during transit or exposure to moisture, can render a shipment unusable, potentially triggering millions of dollars in losses.
• Minimizing the risk of OTIF failures. On-time in-full (OTIF) delivery, a supply chain compliance measure developed by Walmart in 2017 that’s now a pharma industry standard, gauges supplier performance in delivering to a customer exactly what was ordered, in the amount requested, at the correct location, on time.
• Optimizing inventory levels, just in time. Finding the right balance to optimize inventory based on the product portfolio and on historic demand and shipment patterns will be a continuing challenge.
• Minimizing the bullwhip effect. Pharma is among the hardest-hit sectors from the bullwhip effect, due to the high shipment values involved, perishability of the product and often the urgency in getting vaccines and other medicines where they’re needed quickly.
• Solving compliance-related issues. FDA requires companies to use digitized systems for electronic recordkeeping, signatures and data storage.