Improved Inventory Management
In the biopharma industry, inventory management is complicated by the fact that manufacturers do not have visibility into the post or pre-manufacturing supply chain and, as we provide lifesaving medications, there is a necessity to ensure that there is a sufficient supply to serve our patients. In some cases, there may also be a regulatory requirement that will mandate inventory levels.
This is the perfect storm in that we do not know exactly how much should be manufactured, but yet the industry needs to be prepared to ensure that all patients…