Tag: Supply chain analytics

supply chain network optimization

Supply Chain Optimization Helped a Personal Protective Equipment Manufacturer to Mitigate the Bullwhip Effect on Supply Chain Operations

Engagement Summary

The client is an American multinational company well-known for manufacturing personal protective equipment and worker safety equipment. The client produces more than 10,000 products including adhesives, fire protection, window films, and laminates. The client was looking forward to leveraging Quantzig’s expertise in supply chain optimization to optimize their existing supply chain network. Due to the outbreak of novel coronavirus, the client was facing a sudden surge in demand that they had never witnessed earlier. Thus, they approached Quantzig to address issues using advanced supply chain network optimization solutions and improve their existing supply chain operations.

Business Challenge

Due the COVID-19 outbreak and its widespread impact, the client, a personal protective equipment manufacturer, witnessed an extremely high demand for face masks and other personal protective equipment. The high demand for PPE, in turn, resulted in several challenges induced by supply chain disruptions including, inventory stock-outs, high lead times, and an increase in the number of SKUs to name a few.

Businesses that are affected by the outbreak of coronavirus can now leverage supply chain optimization solutions to monitor warehouse and customer needs. Request a free proposal to know more about our supply chain analytics solutions.

The key challenges faced by the client included:

Problem statement 1

Keeping up with the surge in demand for personal protective equipment– With the outbreak of COVID-19, the client faced a bullwhip effect on their supply chain. The demand suddenly increased tenfold, resulting in a supply and demand gap. The existing predictive model deployed by the personal protective equipment manufacturer failed to predict the reasons behind demand fluctuations. 

Problem statement 2

Lack of real-time market update– The client lacked real-time updates on market demand. The absence of a real-time dashboard was one of the major factors which contributed to the bullwhip effect for this client. Thus, the client was looking forward to deploying a real-time analytics dashboard to get market updates on demand for personal protective equipment that they manufacture.

How We Helped the Client

By collaborating with Quantzig, this personal protective equipment manufacturing giant embarked on a supply chain optimization journey that revolved around catering to the needs of their customers and improving lead time by leveraging advanced supply chain network optimization solutions. To help the client address their challenges, the supply chain optimization experts at Quantzig adopted a comprehensive approach that led to a complete transformation of their supply chain operations. We developed a data-driven dashboard that provided real-time demand updates to the client to facilitate smooth supply chain functions.

Supply chain network optimization solutions can help businesses to predict future risks by spotting irregulaties in the supply network. Speak to our experts to learn how we can help you can spot risk patterns in the supply network.

Business Outcome

The supply chain optimization solution provided by Quantzig’s experts helped the client to predict demand and plan the delivery of products as per the requirement and set priorities. This supply chain optimization engagement also helped the client to –

  1. Streamline supply chain operations
  2. Reduce lead time by 46.3%
  3. Mitigate the bullwhip effect on the supply chain
  4. Revise inventory replenishment plans
  5. Stop further supply chain disruptions

Why Choose Quantzig as Your Next Supply Chain Optimization Solutions Provider?

Businesses are now leveraging advanced analytics to initiate the development of advanced supply chain optimization plans. Advanced analytics can analyze structured and unstructured data to provide valuable and actionable insights. Such actionable insights enable organizations to make decisions on time and minimize risks. Quantzig today stands out as an exclusive supply chain optimization solution provider. By collaborating with us businesses can embark on a complete supply chain network optimization journey.

Request a free solution demo to learn how our analytics experts can help you address your supply chain challenges.

pharmaceutical supply chain

Pharmaceutical Supply Chain Trends 2020: Predictions For a Post-COVID19 World

The pharma supply chain is being faced with several stress factors which are, in most cases, intensifying with the constantly evolving regulatory requirements and customer expectations of today’s increasingly digital marketplace. To overcome these supply chain roadblocks, it’s essential to analyze the pharmaceutical supply chain trends shaping the future of this sector and consider their collective impact on various supply chain processes.

With high demand from developing regions and BRIC (Brazil, Russia, India and China) economies, pharma today has become a global market fraught with challenges. Owing to the rapid rise in incomes and lifestyle disorders, governments within these regions are now looking at improving healthcare access and outcomes. But to fully unlock the potential in these developing economies, pharma manufacturers must invest in the right tools and solutions to develop and implement global supply chain networks.

pharmaceutical supply chain

When it comes to revamping the supply chain, Quantzig’s innovative approach to pharmaceutical supply chain management can help you capitalize on new opportunities and prepare for the future, while delivering better results in the current scenario. Collaborating with us can help you make the most of the evolving pharmaceutical supply chain trends and develop resilient, error-free processes with integrated workflows that deliver the best result. Together, we can accelerate decision-making and enhance visibility into key processes to respond proactively to thrive in a fast-changing dynamic world.

At Quantzig, we believe that the effective use of supply chain analytics will enable pharma companies to cope with and even benefit from the key trends impacting this sector in the post-COVID19 era.

Pharmaceutical Supply Chain Trends Impacting Recovery

Product portfolio expansion

With new therapies and drugs being introduced, the pharma product portfolio is set to witness a massive expansion over the next few months. But, it’s crucial to note that many of these new therapies and the devices used to deliver the drugs involve complex manufacturing and distribution processes that call for a complete revamp of the pharmaceutical supply chain.

Patient-centric supply chains

With telehealth, telemedicine, and home-based healthcare services witnessing a rise in popularity, the pharmaceutical supply chain is expected to become more patient-centric with different endpoints of delivery and information sharing. Moreover, since the increased adoption of digital tools makes patient data easily accessible, patient-centric supply chains of the future must be designed to focus on addressing the dynamic demand.

Precision medicine

A promising new perspective on drug manufacturing based on genomic data is paving its way into the pharma market to help deliver personalized care based on individuals’ genes, environment, and lifestyle.

Our pharmaceutical supply chain analytics platforms could be used to renew, improve, or enhance existing supply chain processes. Speak to our analytics experts to know more about our platform capabilities.

Key Supply Chain Focus Areas to Accelerate Recovery

Dynamic Demand Forecasting: Recognizing the need for a paradigm shift amid the ongoing pharmaceutical supply chain disruptions produces additional questions and concerns around dynamic demand forecasting and sales forecasting that must be addressed while analyzing the aspects of your supply chain management operations that benefit most from a transformation.

Warehouse Location Optimization: Warehouse management is a key area that can help pharma companies to drive supply chain savings based on real-time analysis of warehouse operations. Moving a part of the last mile operation to a hub near the destination can help optimize costs as well as ensure OTIF delivery.

Logistics Optimization: Logistics is a key focus area that is poised to witness a major revamp in the post-crisis phase. Through our logistics network optimization analytics solutions, we aim to help businesses balance risks and associated costs in order to deliver exceptional customer service.

Scheduling Optimization: Driving schedule outcomes by cutting down costs and improving adherence to customer commitments is crucial to driving positive supply chain outcomes in the new normal.

Many such trends, like the ones mentioned above, are expected to bring in waves of transformations in the pharma industry in the recovery phase post the crisis. Taking advantage of these trends can help pharma companies to deliver new products and services to meet the changing market requirements. Besides, when combined with the right tools, digital transformation strategies, and advanced supply chain analytics, these trends can help drive a major change in pharma. Moreover, by deploying integrated B2B platforms that enhance communication, security, and data transfers, the pharmaceutical supply chain can stay resilient and drive better outcomes in a dynamic environment. 

Book a FREE demo to learn more about our pharmaceutical supply chain analytics capabilities.

visibility in supply chain

Supply Chain Visibility: Everything You Need to Know

Supply chain visibility increases the ability to track an order right from its sources of production to its final destination. This includes logistics and transport activities as well as the state of events that take place before, during, and after transit. The objective of supply chain visibility is to optimize supply chain processes by making information easily accessible to every stakeholder and even customers. Supply chain visibility enables different supply chain departments to access real-time information regarding stock, orders, and deliveries.

The Rise of Supply Chain Visibility

Supply chain visibility is one of the most sought-after ideals for the logistics world. With innovations and advancements in technology businesses are ramping up their supply chain management investments to achieve better visibility into supply chain processes. As such, supply chain managers now expect faster communication and a smoother access to valuable information. In the last decade, we have witnessed the steady integration of global supply chains with the digital world. But this integration has been slower than expected due to the complexities involved in merging old processes with the latest technology. While the demand for supply chain visibility is high, many businesses are still in the initial stage of improving process efficiency to achieve the desired level of visibility into supply chain processes.

Request a free proposal to know how supply chain analytics can help you enhance operational efficiency.

visibility in supply chain

Gaining visibility into supply chain processes has become very crucial as businesses now have complicated and interdependent supply chains. Supply chain visibility solutions promote quick response to change by allowing users and stakeholders to take prompt actions based on demand-supply fluctuations. Before we dive into the current needs and future supply chain challenges, let us understand what exactly is meant by ‘visibility’ in this case, what issues does this visibility solve and why is it important to global supply chain managers.

The process of transforming raw materials into finished goods and delivering them to the end-user involves several third parties. The lengthier the supply chain process is, greater is the complexity and number of third-parties involved. And if more people are involved, communication becomes complicated and difficult. In an ideal situation, all third parties and stakeholders involved must have access to data at any point in time.

We can help you effectively manage and tackle issues related to supply chain management. Contact our experts to know more about our supply chain analytics capabilities.

Seven properties of a highly productive global supply chain

  • Collaboration
  • Responsiveness
  • Optimization
  • Connectivity and communication
  • Flexibility and execution
  • Agility
  • Visibility and calculation

What Makes Visibility in Supply Chain Possible?

Supply chain management solutions often allow companies to connect and access benefits such as collaboration, optimization, flexibility, and execution. An organization in order to achieve visibility in the supply chain needs to analyze several factors. These include supply chain data interpretation and data sharing. But a global supply chain with end to end visibility will always possess the power of quick and efficient decision-making. An efficient team that works optimally to communicate with stakeholders and suppliers and decodes information contributes greatly to promoting the visibility of supply chains.

8 Questions every supply chain manager must ask themselves:

  1. Are you able to keep pace with constantly changing freight data?
  2. Are you able to track different currencies and cost models that are included in the global supply chain that you are a part of?
  3. What is your contact risk mitigation strategy?
  4. Do you have access to historical and current market rates?
  5. Do you have actionable target rates to win a negotiation?
  6. Does your global supply chain have the potential to save while facing a fluctuation period?
  7. Are you missing breakthrough opportunities?
  8. How can you demonstrate the areas where you are doing exceptionally well?

Our world-class supply chain analytics solutions can help you to find answers to all these questions. Also, our domain knowledge and subject matter expertise gained by working with leading Fortune 500 companies over the past decade come in handy when solving complex supply chain related issues.

Learn how enhancing supply chain management can help you maximize revenue and reduce cost-to-serve. Request for more information now!

health and wellness

Analyzing the Impact of COVID-19 on the Health and Wellness Sector

Rising consumer awareness, increasing disposable incomes and a desire among the millennial population to transform their lifestyles for the better have led to an unprecedented boom in the health and wellness sector globally. Owing to such factors along with the ongoing impact of COVID-19, the health and wellness sector like any other industry is set to witness a major transformation in the way they function and carry out day-to-day activities. Also, as people are turning their focus to the health and well-being of the community as a whole, several leading healthcare brands and pharma manufacturers are now investing in the health and wellness products segment to cater to the growing needs of the urban population.

What are the challenges?

With a huge chunk of the global population already focusing on improving their well-being in some capacity, it’s now time for health and wellness brands to step in and help its consumers improve their health by supporting their health and wellness aspirations. Though health and wellness brands are witnessing huge demand surges, they must latch on to the power of human connection and support their community at challenging times like these.

Generating accurate and reliable demand forecasts is crucial to thriving in the post-pandemic world. The current state-of-the-art techniques are typically univariate methods, which produce forecasts considering only the historical data sets. At Quantzig, we adopt ensemble methods that leverage multiple machine learning techniques designed to identify real-time demand-supply trends. Request a FREE proposal to get started!

Challenges facing the health and wellness sector include:

  • A sudden spike in demand for OTC drugs and immunity-boosting herbal products
  • Large scale supply chain disruptions
  • Labor and material shortages
  • Need to optimize supply chain and manufacturing processes

What adverse effects can supply chain disruptions caused by the pandemic have on the health and wellness sector?

There are three main adverse effects of supply chain disruptions in the health and wellness sector.

Impact on new product launches

Owing to the sudden outbreak of the pandemic, the health and wellness sector has been witnessing a spike in demand for OTC drugs as well as herbal products that boost immunity. This, in turn, has left the entire supply chain under a lot of pressure delaying product launches and drug development processes.

Impact on manufacturing units

With the rise in demand, the manufacturing and production capacity of OTC drugs and herbal products manufacturers are under high scrutiny and pressure. Adding to the complexity are the labor and material shortages that are forcing businesses to stop production for an indefinite period. In these times, it has become extremely critical to ensure the maximization of resource utilization as well as manufacturing efficiency in the minimum possible turnaround time.

Impact on marketing and communication channels

With limited product options available, consumers are now relying more on the information they can seek through digital media and other online channels. Moreover, due to the government-imposed regulations and travel bans, web discussions and product reviews are now impacting the customer’s inclination towards a certain product category.

How can we help you navigate the crisis, you ask? Contact our supply chain analytics experts right away!

What prudent defensive measures can be taken to mitigate these challenges?

Supply chain disruptions are poised to impact every aspect of manufacturing and production in the health and wellness sector. In such a scenario, it’s essential for a business to ensure continuity by devising robust action plans to mitigate supply chain risks. With the help of advanced analytics solutions that are tailored to target the COVID-induced challenges, businesses can stay well-prepared to face the disruptions. Our supply chain analytics solution framework is designed to run on ensemble methods that leverage multiple machine learning techniques to identify trends based on the current market situation and provide you with the updated results in a very short span of time.

What’s in store for the health and wellness sector?

With predictions for the health and wellness industry indicating a positive outlook, there is immense scope for businesses to make the most out of the current predictions and market forecasts. As such, the health and wellness sector is poised to witness several new trends led by the surge in demand in the post-COVID world. Based on our analysis, several opportunities from sectors like wellness tourism and other newer segments are expected to pave their way into the mainstream healthcare and wellness sector. Right from the use of technology to advanced analytics, businesses in this sector will be seen adopting newer strategies to cater to the high demand for products and services.

The value provided by accurate demand forecasts play a crucial role in driving better supply chain outcomes.  Request a free demo to know more about our supply chain analytics platform capabilities.

logistics cost analytics

Redesigning the Pharma Logistics Supply Chain to Combat the Impact of COVID-19 | A Quantzig Success Story

Engagement Summary

In a recent engagement, Quantzig collaborated with a Canadian Pharma Company to help them address the issues around pharma logistics and supply chain management due to the outbreak of novel coronavirus. In this success story, our logistics and supply chain analytics experts offered detailed insights on how the COVID-19 outbreak is affecting the global pharma logistics and supply chain and how pharma companies can withstand the disruptions by leveraging supply chain analytics to improvise and enhance the efficiency of pharma logistics and supply chain.

pharma logistics

About the Client

The client is a well-known Canadian pharma company. Catering to a huge customer base, the client was recognized as one of the most renowned pharma companies in the world.

Modern logistics and supply chain analytics solutions can help you take control of logistics management. Wonder how? Get in touch with our supply chain experts for detailed insights.

Business Challenge

The latest strain of COVID-19 has impacted the globe, countries and their health systems are now facing new challenges every day. Apart from the human impact, the economic downfall caused due to the spread of coronavirus is affecting the global pharma logistics and supply chain. The pharma industry involves a very fragile structure of logistics and supply chain and the impact of Coronavirus has brought it to the limelight once again. The current situation will lead to a shortage and an increase in the demands of certain medicines.

With the sudden surge in demand for the COVID-19 related drugs with limited logistics facilities, the logistics and supply chain network of this Canadian client was unable to meet the basic SLAs. After considering the multiple complexities involved the Canadian pharma company understood that tackling these problems required an understanding of advanced logistics and supply chain analytics. That’s when this pharma client decided to leverage the advanced supply chain analytics solutions offered by Quantzig.

Take advantage of our logistics analytics solutions to turn your existing logistics data into actionable insights.

The challenges faced by the Canadian pharma company:

  • Unable to meet SLAs
  • Lack of supply chain visibility
  • Lack of synchronization between the supply of raw materials and production drugs
  • Limitations in supporting supply chain initiatives and platform capabilities
  • Irregular supply of inventory stock levels due to outbreak of COVID-19, causing stock-outs

Whether you are looking forward to enhancing your logistics strategy or transforming your supply chain management approach, our advanced supply chain optimization solutions can be customized to your unique requirements.  Request a FREE proposal for detailed insights.

Key Deliverables

  • Improve supply chain planning and procurement
  • Improve procurement efficiencies by providing complete supplier visibility across regions
  • Reduce inventory stockouts and deliver growth
  • Improve inventory forecast accuracy and eliminate wastages amid COVID-19 outbreak

Solution Offered

Due to the outbreak of novel coronavirus the Canadian pharma company embarked on a pharma logistics and supply chain transformation journey that revolved around catering to the latest requirements of the world to improve healthcare scenario using a data-driven solution. To help the client address their challenges the supply chain management experts at Quantzig adopted a two-pronged approach that led to a complete transformation of their existing logistics and supply chain management system.

The initial stage of this logistics and supply chain optimization engagement revolved around statistical analysis that leveraged predictive modeling to forecast upcoming product demand at a mass scale. The predictive model helped in understanding the latest trends and dynamic consumer demands amidst the coronavirus outbreak. Furthermore, our analytics experts also deployed a logistics network optimization model that enabled the client to devise a robust strategy for tackling the major challenges in logistics route optimization. The second stage of this collaboration helped the client to identify how the current factors and government measures were affecting the supply side of their business.

Business Outcome

Our pharma logistics and supply chain optimization solutions enabled the Canadian pharma company to identify new opportunities to redesign and improvise their current logistics and supply chain workflows and engage new suppliers to procure raw materials.

The logistics network optimization solutions also enabled the client to:

  • Improve business agility
  • Reduce logistics and supply chain shock levels
  • Reduce logistics scheduling time
  • Reduce costs

For detailed solutions insights, contact us now!

global supply chain

Why the Global Supply Chain is Not Immune to COVID-19 | A Q&A Session with Quantzig’s Analytics Expert

As the number of positive cases of the novel coronavirus (nCOV) rises exponentially, its impact on the global economy is quite notable since it has caused fluctuations in stock prices, a decline in global earnings, and even delays in movie premiers. Our analytics expert, Sudarshan, has been analyzing the spread of COVID-19 from the start, taking note of how the outbreak has impacted global supply chain operations.

Sudarshan KL, Associate Vice President – Presales at Quantzig has more than 11 years of experience in the field of analytics, management consulting and technology. He has implemented supply chain, manufacturing, and marketing decision sciences solutions for large companies across industries such as CPG, financial services, technology, e-commerce, and pharmaceuticals. He has tremendous experience in conceptualizing and building advanced supply chain analytics solutions, system dynamics, marketing ROI models, customer and pricing analytics engagements for Fortune 500 clients across industries.

Discussion at a Glance

Q1: How has COVID-19 impacted the global supply chain and operations management initiatives of businesses?

Q2: How has stockpiling impacted the global supply chain? Have businesses witnessed a similar situation in the past?

Q3: What lessons can one learn from the ongoing impact of COVID-19 on supply chain operations?

By answering three critical questions in this QnA session, we discuss and gauge the impact of coronavirus on the global economy and analyze how businesses can diversify their supply chain operations to become more resilient based on our analytics expertise, domain knowledge, and lessons learned from past disasters and public health crises.

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Q1: How has COVID-19 disrupted the global supply chain and operations management initiatives of businesses across sectors?

Sudarshan: Over the past few months, the impact of COVID-19 on the global supply chains were mostly due to the situation in China. But with the virus spreading rapidly and several regions under lockdown, the disruptions to the global supply chains are already quite severe with widespread repercussions. These deep-rooted disruptions can be analyzed by categorizing their impacts into two distinct types. The first type of disruption can be traced back to the roots or the epicenter of the disease- ‘China’.

As we all know China is a primary source of industrial components, raw materials, and finished goods for leading manufacturers and retailers globally. Since the outbreak, most of the leading manufacturing units and raw material suppliers in China have been forced to stop their production and export activities. As a result, global pipelines that were meant to supply raw materials and components to businesses all over the globe are now exhausted, causing manufacturers to suspend their operations as they run out of the raw materials and other parts.

The second type of disruption is mainly due to the fact that China is a dominant market for essential goods and services. Local economies that are dependent on the revenue generated from China are the worst-hit as Chinese manufacturers suspend their operations and impose travel restrictions on the locals. With the borders closed and travel constraints in full swing, cross-border activities along with tourist flow from China has come to a standstill leaving a huge impact on the tourism and travel industry across the globe.

Our supply chain analytics experts help the C-suite to build robust, resilient supply chain and operations management systems. Wonder how? Talk to our experts to find out.

Q2: How has stockpiling impacted the global supply chain? Have businesses witnessed a similar situation in the past?

Sudarshan: Stockpiling as we know is directly proportional to the spike in demand, the immediate effect of which is a shortage of goods and essential commodities. However, the impact of stockpiling on the global supply chain operations depends on the size of your business. Large, well-established businesses tend to be more robust and agile due to their centralized global supply chain operations and management system that includes- diverse supply bases, better inventory management, and a well-planned warehouse management system. This means it is more of an opportunity for bigger establishments to improve market shares when consumers value nothing but timely availability of essential goods and services. Whereas, for the other small-scale establishments the current global situation turns out to be a very vulnerable moment that could most probably result in a sharp decline in profits and market shares if they don’t take the right decisions and act immediately. Since stockpiling creates variability in demand, smaller businesses with a not so flexible and agile supply chain may find it difficult to ensure product availability at times of supply-demand shocks.

Have businesses witnessed a similar situation in the past?          

Yes, businesses have witnessed similar supply chain shocks in the past but nothing compares to the impact of COVID-19 on global supply chain operations. The impact of COVID-19 in terms of the economies affected, the number of deaths, the geographies involved, and its prolonged duration, seems to be unique in every aspect.

However, one cannot forget the other supply chain disruptions that occurred due to SARS in 2003 and the earthquake in Taiwan in 1999 that resulted in huge losses of life and property. Also, more recently the earthquake that hit Japan, left a huge black spot on the automotive sector that relied heavily on auto parts that were imported from affected Japanese factories.

Request a FREE demo to gain comprehensive insights into our supply chain analytics platform and discover new opportunities before its too late!

Q3: What lessons can one learn from the ongoing impact of COVID-19 on supply chain operations?

Sudarshan: Modern businesses are witnessing unique disruptions due to the ongoing impact of COVID-19. China, the epicenter of the outbreak had essentially locked down the entire country and imposed travel restrictions in an effort to curb the outbreak even before it was declared a pandemic by WHO. Most of the Chinese factories discontinued production and once-bustling ports became abandoned spots. This situation is not something one could fully anticipate or plan for. 

But what leading businesses can learn from past disruptions caused due to outbreaks like SARS is that disruption in the production line in one part of the world could starve the global supply chain from the much-needed raw materials. To tackle such situations, manufacturers must understand that a resilient, agile supply chain is one that is capable of detecting early warning signs by proactively responding to shifts in production. To do so, businesses must devise a contingency plan to avoid being affected to a large extent. Unfortunately, with something like COVID-19 that is affecting operations on a global scale, even the best contingency plans may turn out to be inadequate.

At Quantzig’s Center of Excellence for Global Supply Chain Operations and Management, we’re optimistic that this will pass, and the global supply chain will return to normalcy with much better resilience. For now, we think this situation is a great lesson, and we will have a better supply chain network that is more flexible and immune to such ‘black swan’ events in the future.

pharma supply chain

How Quantzig Can Help Pharma Companies Overcome Supply Chain Disruptions

The pharma industry is one of the most complex and highly regulated lines of business today. It plays a crucial role in the discovery, production, and distribution of drugs and other healthcare supplies. Though the impact of the high levels of scrutiny and digitization is quite evident in the drug manufacturing and R&D processes, one area that still needs a digital face-lift is the pharma supply chain. 

Today the pharmaceutical industry is witnessing a watershed moment, owing to the rapid developments, supply chain disruptions, and innovations in drug development. To tackle the challenges and address the ever-growing needs, leading pharma companies have invested a significant amount of time and money in discovering, manufacturing, and marketing medicines more efficiently, but they’ve invested relatively little effort in reconfiguring their manufacturing and distribution operations to date. 

“One in two pharma companies say supply chain digitization is one of their top three priorities to tackle supply chain disruptions at an organization level.”

The right investments in demand, supply and distribution capabilities can unlock significant value to both pharma companies and the entire healthcare value chain. Request a FREE proposal to get started!

The strategic importance of pharma supply chain digitization using advanced analytics

The pharma supply chain once considered a back-office function now represents a critical and strategic element in achieving business goals. Propelled by digital supply chain disruptions, the pharma supply chain is at a critical pivot point where the move to digital supply networks is increasingly seen as a necessity. The right investments in demand, supply and distribution capabilities can unlock significant value to both pharma companies and the entire healthcare ecosystem.

Industry 5.0 Driving Supply Chain Disruptions

The digitization of the pharma supply chain network in the wake of industry 5.0 has given rise to several value-driving opportunities for pharma companies, with the potential to make a significant difference to their business outcome. Our experience in working with top pharma companies has empowered us to better understand the supply chain challenges facing pharma companies, the digital initiatives that are gaining momentum, and how top pharma companies are leveraging supply chain analytics to tackle disruptions.

With the explosion of new technologies and massive transformations within the pharma industry space, it’s crucial for pharma companies to innovate and tackle supply chain disruptions using advanced supply chain analytics. In such a scenario- How can pharma companies prepare for this new reality and sustain a leading edge in today’s complex environment? And how should pharma companies transform their operating models to tackle supply chain disruptions?

Having collaborated with top pharma companies we understand your challenges better. Get in touch to learn how we can help you tackle pharma supply chain disruptions.

pharma supply chain

According to our pharma supply chain analytics experts, “Pharma companies should chart their progression by leveraging analytics in supply chain management and set out to develop competencies that revolve around- improving domain knowledge by analyzing new data sources, analyzing the principles of behavioral data science to improve outcomes, developing predictive analytics and AI capabilities, and enabling cultural transformation.”

Pharma supply chain disruptions wreak havoc to business processes across the supply chain. Request a FREE demo for insights on how we can help you tackle them.

Supply Chain Challenges Facing Pharma Companies 

Disconnected SCM Systems

Pharma companies that use traditional function-specific business and operations management systems find it challenging to share data and insights across segments. This is attributed to the siloed nature of data sets that are often unstructured and inaccurate, resulting in costly errors and oversight issues.

Complex, Interconnected Supply Chains

The advancements in technology have brought in waves of transformations that have helped pharma companies in several ways. But this has also led to a rise in complexity and supply chain disruptions making it difficult for businesses to tackle challenges using in-house tools and traditional systems.

Rising Costs & Margin Pressures

The spiraling costs associated with procuring advanced machines and automated systems for drug manufacturing has turned out to be a major concern for pharma companies globally. Though such investments promise to make the development of new drugs increasingly unaffordable for both companies and consumers, it is clear that all aspects of the drug discovery and development process should be examined for potential cost savings.

Request for more information for personalized recommendations and solution insights.

Based on our interaction with key decision makers, numerous forces are dictating the need for a supply chain overhaul including: Increasing emphasis on outcomes, new products, new drug discovery models, growing importance of emerging marks, and environmental pressures.

In short, pharma supply chains needs a radical overhaul, and we predict that it will undergo three key changes in 2020:

  1. Supply chain disruptions will intensify and mandate the need to deploy different supply chain analytics models for different product types and patient segments
  2. The pharma supply chain will become a key differentiator and source of economic value for all pharma companies
  3. The pharma supply chain will become a two-way channel, with digital data flowing upstream to drive the downstream flow of products and services, and vice-versa
supply chain operations analytics

Tackling Coronavirus’s Impact on The Canadian Grocery Retail Supply Chain with the Help of Supply Chain Operations Analytics – A Case Study

Engagement Summary

In a recent engagement, Quantzig collaborated with a Canadian supermarket to help them address the issues around supply chain disruptions due to the COVID-19 outbreak. In this success story, our supply chain analytics experts share insights on how COVID-19 is weighing on the global economy and how Canadian grocery stores can become more resilient by leveraging supply chain analytics to improve supply chain operations and diversify supply chains.

About the Client

The client is a well-known Canadian grocery retailer with a business scale of 10,000+ product categories, 900+ brands, and more than 1 lakh products on offer. Catering to a huge customer base, the client was recognized as one of the best grocery stores in Canada known for its prompt services and customer support initiatives.

Business Challenge

With COVID-19 being declared a global pandemic, the Canadian grocery retailer witnessed a sudden surge in demand for daily utilities and groceries due to which they faced several challenges such as inventory shortages, warehouse discrepancies, and out of stock scenarios.

With the rise in demand, the client was looking at improving its supply chain operations by ensuring the on-shelf availability of essential products. Considering the multiple complexities involved, achieving their ambitious targets seemed to be an uphill task that required a deeper understanding of customer buying patterns and advanced supply chain operations analytics capabilities to undertake correction and realign supply chain operations in the shortest possible time. This is when the Canadian grocery retailer approached Quantzig looking to leverage its supply chain analytics capabilities to drive improvements in supply chain operations.

Request a FREE proposal to gain comprehensive into our supply chain operations analytics capabilities.

The challenges faced by the Canadian grocery retailer included:

  • Disparate, siloed systems for BI, data visualization, and analysis
  • Lack of synchronization between supply chain planning and execution
  • Limitations in supporting supply chain initiatives and platform capabilities
  • Irregular reviews of inventory stock levels, causing frequent stock-outs
  • Lack of flexibility in the supply chain network and distribution footprint, that made it difficult for decision-makers to prioritize between cost-to-serve and customer satisfaction
  • The high lead time associated with the analysis of unstructured supply chain data sets

Supply Chain Operations Analytics Engagement: Key Deliverables

  • Reduce inventory stock-outs and deliver growth
  • Improve inventory forecast accuracy and eliminate wastage
  • Conduct root cause analysis for stock-outs across the nodes
  • Support reconfiguration of the supply network by identifying all feasible network scenarios
  • Reduce cost-to-serve and improve service levels

Supply chain operations analytics helps you act on data-driven insights to reduce cost-to-serve and improve service levels. Contact our analytics experts to learn more about its benefits.

Solution Offered

By collaborating with Quantzig the Canadian supermarket giant embarked on a supply chain operations transformation journey that revolved around catering to the needs of its customers to improve turnover rates using a scalable analytics-driven solution. To help the client address their challenges the supply chain operations analytics experts at Quantzig adopted a comprehensive approach that led to a complete overhaul of the existing supply chain management system and betterment of supply chain operations.

The initial stage of this supply chain operations analytics engagement revolved around statistical analysis that leveraged exploratory techniques and predictive modeling to forecast product demand at a large scale. The use of inventory optimization models further enabled the client to devise a robust strategy for addressing complex supply chain issues with multiple constraints. By performing a detailed analysis of factors impacting inventory stock-outs, our supply chain analytics experts also highlighted slow-moving and low-margin SKUs that were negatively impacting inventory costs. This, in turn, helped the client to rationalize 30% of the SKUs and achieve a 55% reduction in inventory costs.

supply chain operations analytics

Request a FREE demo to gain limited-period complementary access to our supply chain analytics platforms.

Business Outcome

Our supply chain operations analytics solutions enabled the Canadian grocery retailer to identify an additional opportunity to redeploy 15% of the assets held at the point of sale and achieve savings by reducing CapEx and cost to serve.

The benefits also included:

  • Streamlined supply chains & improved business agility
  • Reduced supply chain shock levels
  • Re-defined stock replenishment plans
  • Improved supply chain operations management & customer service levels

Why choose Quantzig’s supply chain operations analytics solutions?

With deep-rooted expertise in carrying out advanced supply chain analytics engagements and helping leading businesses from across industries, Quantzig today stands out as a premier supply chain analytics solutions provider. By collaborating with its clients, Quantzig develops and delivers innovative business models and analytics-driven insights to address the unique supply chain requirements of businesses.

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