We use cookies to provide you with a better experience. By continuing to browse the site you are agreeing to our use of cookies in accordance with our Cookie Policy.
  • INDUSTRY PRESS ROOM
  • SUBMISSIONS
  • MEDIA FILE
  • Create Account
  • Sign In
  • Sign Out
  • My Account
Free Newsletters
  • MAGAZINE
    • Current Issue
    • Archives
    • Digital Edition
    • Subscribe
    • Newsletters
  • STRATEGY
  • GLOBAL
  • LOGISTICS
  • MANUFACTURING
  • PROCUREMENT
  • VIDEO
    • News & Exclusives
    • Viewer Contributed
    • CSCMP EDGE 2022 Startup Alley
    • Upload your video
  • PODCAST ETC
    • Podcast
    • White Papers
    • Webcasts
    • Events
    • Blogs
      • Reflections
      • SCQ Forum
    • Mobile Apps
  • MAGAZINE
    • Current Issue
    • Archives
    • Digital Edition
    • Subscribe
    • Newsletters
  • STRATEGY
  • GLOBAL
  • LOGISTICS
  • MANUFACTURING
  • PROCUREMENT
  • VIDEO
    • News & Exclusives
    • Viewer Contributed
    • CSCMP EDGE 2022 Startup Alley
    • Upload your video
  • PODCAST ETC
    • Podcast
    • White Papers
    • Webcasts
    • Events
    • Blogs
      • Reflections
      • SCQ Forum
    • Mobile Apps
Home » Managing trade-offs vexes pharma supply chain chiefs
Forward Thinking

Managing trade-offs vexes pharma supply chain chiefs

January 23, 2014
Supply Chain Quarterly Staff
No Comments

What is the greatest challenge for supply chain executives in the pharmaceutical industry? According to respondents to a recent survey, it's balancing the trade-offs between cost, service, and regulatory compliance. That was the number one concern for nearly one-third (32 percent) of the more than 200 participants taking part in the latest Life Sciences Supply Chain Benchmarking Survey conducted by Worldwide Business research, organizer of the annual LogiPharma conference. The number two challenge was risk management, cited by 30 percent of the respondents. That was closely followed by regulatory compliance, with 29 percent.

More than half (59 percent) of the life sciences executives surveyed said that their companies employed a traditional supply chain structure organized around planning, sourcing, and logistics. Another 22 percent said their supply chain was structured to address specific business segments, while 11 percent were set up as hybrid organizations. Another 8 percent were structured around insourcing vs. outsourcing. When asked about the ideal supply chain structure, almost half of respondents—49 percent—said it should be tailored to specific business segments.

The survey also found that most companies still lack end-to-end supply chain visibility. Fifty-eight percent of respondents said they don't have such visibility or the capability to manage exceptions as they occur. Another 22 percent had end-to-end visibility but lacked the capability to conduct the kind of analysis needed to understand trade-offs when exceptions to plan occur. Only 19 percent said they had both the necessary visibility and the capability to conduct an impact analysis triggered by automated notification, which allowed them to take immediate corrective action.

The report can be downloaded here.

  • Related Articles

    Supply chain chiefs seek to conquer demand variability

    Supply chain chiefs eye omnichannel expansion

    Supply chain chiefs wary about the future

Recent Articles by Supply Chain Quarterly Staff

Energy price swings pressure businesses to change their spending priorities

Maersk’s VC arm backs inventory drone startup Verity with $32 million

Survey: most Americans unaware that truckers face shortage of parking spaces

You must login or register in order to post a comment.

Report Abusive Comment

Most Popular Articles

  • Survey: most Americans unaware that truckers face shortage of parking spaces

  • Postal Service plans to seize items mailed with fake stamps

  • Best practices in logistics sustainability

  • Supply chain executives not yet seeing expected results from technology investments

  • Inflation drops again as interest rate hikes hit home, NRF says

Featured Video

20221107korber large vs

Enhancing Customer Experience with Your Supply Chain Strategy

Viewer Contributed
With the rise of e-commerce, many businesses have had to transform their warehouses to handle online orders in addition to regularly scheduled inventory shipments. This means warehouses need more information than ever before to ensure they can meet customers' needs. As a result, companies need to select warehouse...

FEATURED WHITE PAPERS

  • Guide to Pallet Rack Safety

  • 3PLs: Complete Orders Faster with Flexible Automation

  • A shipper's guide to navigating post-pandemic holiday freight

  • THE NEW WAY TO WAREHOUSE: 4 Innovations in Automation & Robotics to Boost Warehouse Productivity

View More

Subscribe to Supply Chain Quarterly

Get Your Subscription
  • SUBSCRIBE
  • E-NEWSLETTERS
  • ADVERTISING
  • CUSTOMER CARE
  • CONTACT
  • ABOUT
  • STAFF
  • PRIVACY POLICY

Copyright ©2023. All Rights ReservedDesign, CMS, Hosting & Web Development :: ePublishing