LONDON: Quantzig, a global analytics services provider, has announced the completion of their latest analysis for a leading pharmaceutical client. Despite the pharmaceutical industry being capital intensive and highly regulated, the industry is witnessing a growing demand for change that would help reduce life-threatening conditions and diseases and further redefine patient treatment patterns. Furthermore, the increase in the number of middle-class population in both developed and emerging countries and rise in disposable income and expectation of better healthcare solutions are driving the growth of the industry.
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“Demand forecasting solutions help players in the pharmaceutical industry to identify the types of products and the quantity to be purchased. These solutions also assist firms in the pharmaceutical industry to streamline and optimize the supply chain activities,” says an industry expert from Quantzig.
The solution offered helped the pharmaceutical industry client to predict their customer demand patterns and meet the production requirements on time. The company was also able to develop a robust inventory replenishment plan to offer consistent customer service and increase forecast accuracy.
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Additional Benefits of the Demand and Supply Planning Solution
- Reduced stock-out situations
- Created substantial improvements in the supply chain performance