CARGOCONNECT-NOVEMBER 2020 - Flipbook - Page 23
leading pharma companies have made tremendous strides
in reducing costs by automating processes and driving innovation in logistics operations. While these innovations
have brought in waves of transformations that have helped
reduce costs, their greatest impact can be felt in the area of
circular supply chains. Hence, it’s quite evident that pharma
logistics optimisation not just helps optimise supply chain
and logistics processes but plays a key role in reducing costs
and driving supply chain efficiency.
Below is a list of practical recommendations by stakeholders and decision-makers in the pharma industry for
improving pharma logistics optimisation.
Develop a cohesive approach for improving supply chain security by developing
effective category management and supply chain management capabilities.
Devise robust logistics management procedures and capabilities, linked to the
master deployment plan and the manufacturer through effective supplier relationship management.
Design a centralised logistics network to
minimise transport time and replenishment rate. To do so, businesses can consider leveraging geographic data and insights from metered installations to manage stocks and conduct periodic audits to
eliminate squirrel stocks.
Leverage logistics analytics to inform better decision-making around resource allocation and asset
Track and monitor logistics movement in real-time by
deploying advanced analytics dashboards. Implementing a robust approach to sort, test, repair and recycle
assets will also help you get a step closer to establishing
circular supply chain.
What’s in Perfecting the Pharma Supply
Drugmakers have been racing to build supply chains for
their coronavirus vaccine candidates, finding
manufacturing sites and ordering specialsed
production equipment. As some drugs advance to final-stage clinical trials, logistics
providers are making large-scale preparations to deliver them securely.
The distribution operation—taking
drugs from far-flung manufacturing sites to
medical teams via warehouses, cargo terminals, airports and final storage points, all in
a matter of days—promises to be a logistics
high-wire act with risks at every stage.
Breakdowns in refrigeration equipment,
transportation delays, broken packaging or
other mishaps could leave many thousands
of doses useless.
costs by 35 per cent
to 40 per cent with
the help of pharma
logistics optimisation solutions.