Pharma Supply Chain Plans Have a Great Deal at Stake
Never has it been more critical for pharmaceutical and life sciences companies to optimize their supply chain planning and be prepared for the unexpected. Vanguard Software has decades of experience with pharma supply chain planning that improves distribution, reduces supply shortages and expired product, while making every forecast more resilient.
Uniquely Flexible for the Pharma Supply Chain
Pharma supply chain planning faces unprecedented challenges: rising R&D investments, elusive returns, perilous late-stage approval efforts, and impending patent expirations. The terrain is no less rocky for manufacturers and distributors. Pharma supply chains are as complex, volatile, and risk-prone as any in modern industry. The growth of emerging markets, contract manufacturing, and new medicines and ingredients only drives uncertainty higher. Whether for manufacturing, supply chain, or R&D and portfolio planning, Vanguard Predictive Planning™ for Pharma delivers powerful analytics in a collaborative cloud platform to help you and your teams plan the future — together.
Health disasters happen. Hospitals can stock out of supplies, sourcing contamination happen, and production failures occur. These real challenges make supply chain planning critical, especially in an industry marked by high supplier variability, strict fulfillment requirements, and tight expiration constraints.
Over the past two decades, Vanguard Software has developed state-of-the-art modeling and simulation capabilities. Our system synthesizes massive and complex product-development data into the best possible investment decisions and outcomes.
Vanguard for the Pharma supply chain uses powerful analytics to derive optimal order quantities, production schedules, safety stock levels, and multi-echelon warehouse assignments. Additional capabilities, whether for demand planning, inventory optimization, or supply chain integration, are designed to help mitigate the effects of supply-demand volatility and ensure the safest and most profitable delivery of critical products.
R&D decision managers must commit large sums to projects with untold development timelines (Case Study), technical and regulatory uncertainty, and diverse stages of development. The pressure to replenish future revenues is relentless, turning the development pipeline into a massive risk-reward portfolio — difficult management requirements and high stakes.
Advanced analytics, including Monte Carlo simulation, enable exceptional scenario planning and automation of routine pharma supply chain plans. Matched with easy-to-use workflow and collaboration features, diverse user sets can better navigate:
- New and changing regulatory environments
- Patent expirations
- Shortfalls of new or imminent approvals
- Long-range investment in drug pipelines and future revenues
- Uncertainty over insurance coverage, new product adoption
Vanguard can integrate all of these diverse applications on a single platform designed to unify management estimates, exceptions, and data. The system’s UI integrates seamlessly with your business processes, enabling diverse teams and users to communicate and collaborate. Plus, all changes and updates are dynamic, system-wide. Change your demand plan, and see that change reflect instantly in your inventory order schedule – and on the same screen.
Charles River Decreases Backordered Items by 86%
Charles River provides essential products to aid pharmaceutical and biotechnology organizations around the globe to advance their research and drug development. Looking to support high-growth expectations, Charles River chose Vanguard Software’s S&OP solution to achieve higher service levels balanced with inventory optimization. With Vanguard Predictive PlanningTM, they saw:
Decrease in backorder days
Decrease in items on backorder
“By leveraging Vanguard, we were able to make sure we had the right inventory available to absorb abnormal spikes in demand, as well as being able to quickly adjust plans appropriately.”