Life Science, Pharmaceuticals

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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. 

Supply-Chain

Operational visibility

Visibility to the extended supply chain provides revenue predictability, accurate customer commitments, reduced obsolescence through timely promotions, fewer recalls & easy track & trace.

Insights

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

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

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

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

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

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.
customer-service-level

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.

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