With the rise of counterfeit drugs, the pharmaceutical industry has been subjected to stricter regulations and mandates. This has increased competition in the industry and necessitated a traceable, more accountable pharmaceutical supply chain management. To ensure quality products, those in the pharma industry are encouraged to follow these best practices.
Use a Business Network to Connect and Collaborate
Using cloud technology, partners can better work in sync with each other. This allows for end-to-end visibility and smoother interactions. Digital networks have become the foundation for collaboration and connections. This provides smoother in-sync operations.
Obtain Detailed Analyses of Manufacturer’s Processes
Even small variations in a pharma product’s composition can be life-threatening. Suppliers should remain aware of manufacturing practices and ensure product quality remains consistent.
Ensure Traceability End-to-End
Pharmaceutical supply chain management is essential due to its multi-tier, multi-enterprise nature. Pharma companies must be able to ensure end-to-end traceability. They need visibility into each detail so material flow, yields, lot genealogy and test results can all be tracked.
Respond to Demand Changes Quickly
Business networks allow you to see end-to-end operations. When you can evaluate information in real time, you’ll be able to identify an unexpected change in demand or disruption and can respond to it immediately by coming up with a new plan quickly.
Total Inventory Visibility
Implementing good shipping practices and being able to allocate transportation warehousing and other elements, along the pharmaceutical supply chain, can create downstream visibility. You want to make certain products are reaching the desired destination with no compromise to quality.