LONDON--(BUSINESS WIRE)--Quantzig, a leader in delivering scalable analytics solutions and data science services, today announced the completion of its article that sheds light on pharma logistics optimization.
• Insights on factors impacting the pharma logistics supply chain
• Practical recommendations for improving pharma logistics optimization
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The current business milieu has forced leading pharma companies to rethink their logistics and distribution processes. But when it comes to logistics operations in the pharma industry, the big question is- ‘Where should one invest in improving pharma logistics optimization and driving change?‘ Though most pharma companies haven't made significant investments, there seems to be a rising cognizance of the role of pharma logistics optimization. Hence, leading pharma companies are now executing focus initiatives in various fields of logistics, including process planning, distribution, and route optimization. To help business leaders tackle these challenges, Quantzig, in its recent article, presents a five-step approach that can help pharma companies optimize their supply chains.
Speak to our experts for more insights into our logistics analytics solutions portfolio.
According to the logistics analytics experts at Quantzig, “Optimizing outbound logistics is slowly becoming a strategic priority for pharma companies owing to the rise in industry cost and performance pressures.”
Recent collaborations with leading pharma logistics companies have helped our logistics experts to gain a deep understanding of the pharma landscape and the challenges facing companies in the current business setting. Interactions with key stakeholders and decision-makers in the pharma industry have also helped us analyze the pharma logistics landscape and factors impacting key logistics processes.
As per our findings, automating processes and driving innovation in logistics processes can help reduce costs and optimize operations. While the ongoing innovations have brought in waves of transformations, their most significant impact can be felt in the area of circular supply chains. Hence, it’s quite evident that pharma logistics optimization not just helps optimize supply chain and logistics processes but plays a crucial role in driving supply chain efficiency. The complete article on pharma logistics optimization is now available https://bit.ly/2Eu0ZGM.
Case in point: How Algorithmic Logistics Route Optimization Helped a Pharma Company to Enhance Line Haul Network Efficiency By 3x
A market leader in the preventive healthcare products segment was facing several logistical challenges due to the COVID-19 crisis-led supply chain disruptions. Effective logistics management was a crucial aspect of the client’s business structure since they handled temperature-sensitive pharma products that required a temperature-controlled environment to ensure drug safety. They collaborated with Quantzig to leverage logistics analytics to meet their dual objectives and tackle the supply chain disruptions. Quantzig put together a team of advanced logistics route optimization experts, analysts, supply chain network optimization specialists, and digital architects who adopted a comprehensive two-phased approach that helped enhance line-haul network efficiency by 3x, while achieving a 48% improvement in OTIF deliveries.
Based on our past experiences of executing similar projects for pharma and healthcare companies, we understand the logistics challenges faced by players in this sector. Hence, we have put together a comprehensive portfolio of logistics analytics solutions to help key decision-makers drive profits using data-backed decision-making. Book a FREE Demo to gain limited-period complimentary access to our proprietary logistics analytics platforms.
Quantzig is a global analytics and advisory firm with offices in the US, UK, Canada, China, and India. For more than 15 years, we have assisted our clients across the globe with end-to-end data modeling capabilities to leverage analytics for prudent decision making. Today, our firm consists of 120+ clients, including 45 Fortune 500 companies. For more information on our engagement policies and pricing plans, visit: https://www.quantzig.com/request-for-proposal