From an increased demand for personalized medicine to an increase in global regulatory standards – the life sciences industry is witnessing major shifts in the marketplace. With many blockbuster drugs coming off patent protection, global competition will rise quickly, as will the pricing pressure on life sciences companies. The solution: Kinetic supply chains that rapidly respond to changing market demand while reducing total cost of operations.
- Transition to a more transparent, machine learning-enabled supply chain with efficient enterprise processes that help deliver high quality, wholly compliant health products
- Achieve real-time visibility of sourcing, logistics, operations, and inventory data, to create an end-to-end supply chain that is fully traceable and friction-free
- Eliminate inventory leakage and loss by proactively addressing shrink and spoilage with advanced Artificial Intelligence models
- Establish a smart shop floor that provides complete visibility into production control and manpower prediction, and can implement planning and scheduling strategies