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How to evalute your Supply Chain?

Picture of Laurent Foetisch

It is important to assess how your supply chain operates and what you aim to achieve. With different types of supply chains, each delivering unique outcomes, it is crucial to meet the evolving needs of your customers. In the biopharmaceutical industry, Supply Chain Management is of utmost importance. Internal or external dysfunctions have significantly affected the companies' ability to deliver medicines to patients in a timely and efficient manner.

So, what exactly is going wrong with your existing supply chain? And how can biopharmaceutical companies improve?

Let's step back and analyze your current organizational setup, examining how your supply chain is designed to incorporate these essential features:

  • TOM

    Is your Target Operating Model (TOM) effectively designed and regularly updated? Does it include a strategic framework that efficiently organizes your company to achieve its mission, vision, and business objectives?

  • Customer centricity

    Do you truly understand what your customers value? What are their preferences, and why do they appreciate your products or services?

  • Orchestration

    How do you prioritize your supply chain goals? Do you have the appropriate governance in place to focus on these objectives?

  • Taking a step back

    When was the last time you reviewed your company's backbone supply chain processes, such as Demand & Supply planning, Sourcing, Manufacturing, Logistics and Distribution, as well as Project Management and Prioritization? Have you identified any weaknesses or vulnerabilities and addressed them thoroughly?

  • Visibility and control

    How do you ensure that your supply chain operations work effectively and efficiently? Functional objectives, performance metrics, and KPIs play a crucial role in driving performance.

  • Risk based

    How often do you evaluate potential disruptions and threats? Shouldn't you establish a risk committee to regularly review risk management with your functional leaders? Building resilience means creating visibility and transparency across your value chain.

 

Conducting an annual in-depth analysis of your supply chain is essential to protect your company's assets and businesses. The objective is to identify critical findings early enough to address them and ensure your organization's effectiveness.

World Supply Chain Map

Remember, a static supply chain is not sufficient. It constantly evolves and requires attention. What may have been suitable a year ago may no longer be adequate. Understanding and addressing gaps, as well as considering future requirements and investments, will be highly advantageous.

Often, it is not feasible to perform these assessments internally or with internal resources, as it may result in biased results and limited perspectives. To gain a complete and transparent picture and act on critical findings, it is advisable to seek the expertise of external supply chain professionals. They can provide a comprehensive vision of where your operations should be. Benchmarking with other industry players will also help determine what needs to be prioritized to stay competitive.

Supply Chain Management is a crucial enabler for developing a competitive advantage. In the biopharmaceutical world, this is not yet happening with the desired enthusiasm and success. It is vital to stay ahead of your competition.

If you would like a deeper understanding of how our supply chain experts can support you, please feel free to contact us.

 
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