Overview
Pressure to improve productivity and efficiency of its processes is increasing in the Life Science industry. There is now increased competition within companies regarding access to capital and pricing pressures. Increased quality and safety regulations are adding pressure to increase inspections of both foreign and domestic operations. Further, lack of visibility into product quality measures and readiness milestones can result in poorly informed decisions.Â
Operational visibility
Visibility to the extended supply chain provides revenue predictability, accurate customer commitments, reduced obsolescence through timely promotions, fewer recalls & easy track & trace.
Process insights
Accurate & continuous monitoring of metrics help identify problematic operational areas and fix the underlying cause. The insights help with compliance too.
Proactive alerts
Alerts based on continuous monitoring of data from various sources, enables proactive collaboration with supply chain partners. This enables recapturing some of the revenue and margins usually lost to sub-optimal operational execution.
Life Science Industry
Capabilities
Supply
Management
- Supplier delay impact assessment on manufacturing and sales
- Alerts based on trends, ASN & GR postings
- Lot genealogy for easy recall of contaminated products
- Vendor timeliness, fill-rate & quality management
Manufacturing & Inventory
- Manufacturing lead-time assessment, production simulation
- Real-time assessment of short & excess production, WIP inventory
- Monitoring of production schedule & cost
- Complete batch genealogy with up/downstream track
Shipments
- Real-time monitoring of shipment condition (sensor data)
- Alerts based on deviation from route plan, weather reports, etc.
- Carrier and route performance analysis
- Manage by exceptions and alerts
Customer Management
- On-shelf availability & sell-through rate related alerts
- Shelf-life tracking and inventory optimization
- Promotion alerts based on stock aging & expiration dates
- Instant track to identify unit locations
Key Benefits
Visibility into
operational exceptions
Grow profitably with strategic and actionable insights. Recapture a portion of the revenues and margins left on the table due to out-of-stock situations, excess/expiring inventory and fulfillment compliance related customer chargebacks.
Comply with product
traceability regulations
Achieve track and trace at the batch or unit level. In a climate of increased regulatory attention this is a necessity. With OpsVeda the traceability can also be linked to exception handling & alerts for more targeted promotions based on remaining shelf-life.
Reduce costs, optimize
revenue and inventory mix
Reduce SLA linked penalties, reduce LTL shipments, replenish optimally on-time, run timely promotions. Analyze inventory mix to maximize overall sales volume, and profit.
Improve
customer service level
Smart fill-rate management, inventory allocation, production tracking and downstream adjustments are key to improving the service to and experience of customers.
Case Studies
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