Industries > Pharmaceutical/Biotech | SupplyChainBrain

Pharmaceutical/Biotech: Page 64

Go for 'Best Fit' – Not 'Best Practice' -- Metrics

Picking the right metrics for your supplier relationship should not be about simply buying into the latest benchmarking data. Rather, it should be about aligning the right metrics for the purpose. For quality metrics, pick what is the "best fit," not the "best practice." This is especially important for strategic, long-term supply chain relationships. -Kate Vitasek, faculty member, University of Tennessee Haslam College of Business Administration; author of six books on the Vested business model; and Karl Manrodt, Professor of Logistics at Georgia College. He is the co-author of seven books and numerous academic articles.

0228 Gofor Best Fit

Corporate America’s New Dilemma: Raising Prices to Cover Higher Transport Costs

The drive for cost cuts and higher margins at U.S. trucking and railroad operators is pinching their biggest customers, forcing the likes of General Mills Inc and Hormel Foods Corp to spend more on deliveries and consider raising their own prices as a way to pass along the costs.

0228 Corporate Americas New Dilemma

Taking Control of Data Quality

Quality product data can be a real competitive advantage for companies that get it right. However, despite more anticipated disruption across industries in the year ahead, many supply chain professionals who realize the long-term benefits of data accuracy still struggle to gain support for comprehensive and effective data quality programs. -Angela Fernandez, Vice President, Retail Grocery and Foodservice, GS1 US

0227 Taking Controlof Data

Patients Eagerly Awaited a Generic Drug. Then They Saw the Price.

When Teva Pharmaceuticals announced recently that it would begin selling a copycat version of Syprine — an expensive drug invented in the 1960s — the news seemed like a welcome development for people taking old drugs that have skyrocketed in price.

0227 Patients Eagerly Awaiteda Generic

Drones Gaining Acceptance in Healthcare

Drones have captured the imaginations of many logisticians. The uses for drones are expanding as more logistics providers test these devices in a number of ways, including inventory and yard management and, of course, delivery. While government guidelines remain either vague or non-existent, drones are being tested and implemented particularly within the healthcare industry to deliver medicines in remote areas as well as in general areas of the US and Europe. -Cathy Morrow Roberson, Founder/Head Analyst, Logistics Trends & Insights LLC

0226 Drones Gaining Acceptance

How Blockchain Could Create the 'Autonomous Container'

The Internet of Things would seem ideally suited to the task of monitoring and tracking containers around the world.

0226 How Blockchain Could Create

Coping With Complexity in Life Sciences Supply Chains

Designing, developing and deploying a global supply chain solution in the life sciences industry is easier said than done.

Wanted! Supply Chain Planners

By 2030, the supply chain market labor market is estimated to experience a 20 percent shortage of trained employees. The skill gap is at the intersection of new process evolution based on emerging analytics, the evolution of blockchain, and the use of streaming data for the building of outside-in processes. While most companies have established programs for new hires and high-performance employees, the training of supply chain employees on next-generation processes is a gap. -Lora Cecere, Founder, Supply Chain Insights

0222 Wanted Supply Chain Planners

Digital Demand Management: Connecting the Silos

With the emergence of new digital technologies such as Mobility, Big Data, Cloud, Business Intelligence/AI, the IoT, etc., new and more abundant sources of data are available to improve forecasting and demand management. Companies that embrace digital and transform their demand management processes will gain significant competitive advantage. While the traditional statistical forecast may serve a baseline, demand analyses must extend across functions (silos) and include many different sources of causal data. -Rich Sherman, Senior Fellow, Supply Chain Centre of Excellence, Tata Consultancy Services

0221 Digital Demand Management Connecting

Technology, Start-ups Changing Freight Forwarding Market

Forwarders play an important role in obtaining space on airplanes or ocean vessels at the best rate possible for shippers. Long known as a relationship business, much of the forwarders' business traditionally was done by phone, fax machine or in person. Real-time tracking and management of shipments was non-existent, transparent invoices did not exist and neither did electronic document submission. Until now – today thanks to technology and start-ups, the freight forwarding market is changing. -Cathy Morrow Roberson, Founder/Head Analyst, Logistics Trends & Insights LLC

Hundreds of KFCs Remain Closed Because of Chicken Shortage

The fast food chain KFC has been forced to temporarily close most of its U.K. outlets after problems with a new delivery contract led to a chicken shortage.

0221 Hundredsof Kf Cs Remain

Parcel Carriers Manage Revenue and Finance as Disruption Impacts Business

The growth of e-commerce is transforming the last mile at a rapid rate. Start-ups such as Deliv, Roadie and Instacart, along with Amazon’s own logistics network build-out, have caused a shakeup in the traditional hub-and-spoke system that FedEx and UPS spent years building. As a result, the Big Two have become reactive by raising rates and increasing surcharges to maintain market position while investing in infrastructure to meet changing needs. -Paul Steiner, Vice President of Strategic Analysis, Spend Management Experts

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