New technologies are changing the way pharmaceutical supply chains operate. Here, Marc Herlant, Arthur D. Little, discusses how predictive analytics offers pharmaceutical manufacturers new supply chain capabilities.
Predictive Analytics
The pharmaceutical industry has been changing rapidly, with changes to distribution and drug consumption models driven by new business avenues around individualised medicine, combination therapies, drug and device convergence, and other exciting developments. These, combined with advanced data analytics solutions, are making treatment more effective and affordable and less intrusive, while enhancing quality of life. However, with all these positive changes come challenges for the supply chain. So how can organisations manage the increased complexity in the supply chain to make improvements work for patients and caregivers?