Pharmaceutical Supply Chain Plays Catch-Up
Driven by regulatory compliance, “track and trace” solutions offer greater visibility into the complex distribution network.
The application of knowledge management solutions is crucial to the life sciences industry in terms of harnessing and sharing information toward drug and medical device discovery and development. But pharmaceutical companies have traditionally not put as much effort into tracking technologies and analytics to gain efficiencies in their supply chain. One reason may be that they haven’t had the profit margin pressure in the past to force them to focus on supply chain inefficiencies.