3 Technologies Impacting Pharma Supply Chain Management

Pharma Tech Outlook: Pharma Tech Magazine

3 Technologies Impacting Pharma Supply Chain Management

By Pharma Tech Outlook | Wednesday, September 16, 2020

By deploying technology solutions, pharma leaders can realize a true return on investment and reduce pharma supply chain management risks.

FREMONT, CA: Most pharma companies have complex supply chains under-utilized, inefficient, and ill-equipped to cope with the sort of offerings coming down the pipeline. The latest report predicts that to meet the demands of a fast-evolving marketplace and transform patient to outcome, the pharma supply chain will need to undergo a radical revamping. Advanced technologies are emerging to help pharma companies manage the supply chain effectively. Here is a look at top pharma supply chain innovations that are worth investing in.

• Intelligent Robotics

The pharma supply chain is full of repetitive, time-consuming tasks, from filling test tubes for research to preparing medication orders for delivery. Implementation of robotic arms into a manufacturer’s current equipment can complete tasks efficiently while communicating on progress with other systems, all in real-time. Robotics increases productivity by working consistently round the clock and allowing human staff to prioritize more complex high-value work. To ensure innovations, pharma companies must roadmap robotic integration, prioritizing areas with the most repetitive tasks.

• Artificial Intelligence and Predictive Analytics

Using artificial intelligence during drug discovery can significantly speed go-to-market time for new offerings. As the usual drug design lifecycle lasts years and costs billions, agility and precision are vital in drug development. Judging a potential drug candidate involves evaluating millions of data, which is made possible with AI capabilities. Predictive analytics technology can analyze vast amounts of data and find hidden correlations to generate new results that are often overlooked in traditional approaches.

• Smart Transportation

Intelligent mobility focuses on the transport of sensitive materials for the production of medications. Drugs are often most at risk of theft from the pharmaceutical manufacturer or shipping destination itself. To tackle these issues, companies are employing door-to-door and step-to-step tracking of the medications and raw materials. Transport vehicles are connected to intelligent systems that can monitor and deliver actionable and real-time medication status insights. This allows the concerned person to react immediately when issues arise. Challenges can be addressed before they become costly errors.

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