It’s a classic scenario in pharmaceutical manufacturing—struggling to coordinate the opinions of sales and marketing with clinical opportunities and manufacturing/supply chain initiatives on what should be produced, when it should be produced, and where it’s needed.
The lack of good supply chain coordination can lead to frequent changes in production schedules, expedited transfers and shipments in distribution, excessive stock-outs, erratic levels of customer service, lack of visibility into future demand, and inventory in the wrong place and at the wrong time.
Supply chain planning involves functions such as demand forecasting and planning, distribution inventory planning, and plant capacity planning and scheduling. The right mix of strategy, education, and systems can have a very high impact on a manufacturer’s overall operations—and ultimately its bottom line.
In this paper, we review
- The supply chain function
- Inventory policy
- Short, medium, and long-range planning horizons
- Production planning
- Integration with ERP systems
Read the full paper.