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
Visibility to the extended supply chain provides revenue predictability, accurate customer commitments, reduced obsolescence through timely promotions, fewer recalls & easy track & trace.
Accurate & continuous monitoring of metrics help identify problematic operational areas and fix the underlying cause. The insights help with compliance too.
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.