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:
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.
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.