Originally published by Quantzig: Demand Forecasting Helps Pharmaceutical Industry Client Manage Inventory Better
Explore how a prominent research-based biopharmaceutical company, headquartered in the USA, partnered with Quantzig to implement cutting-edge Demand Forecasting solutions. This case study delves into the necessity of demand forecasting in the pharmaceutical industry, the challenges faced by the client, and the transformative impact of Quantzig’s Supply Chain Analytics solutions.
Key Highlights:
- Client: A leading biopharmaceutical company in the USA.
- Need: To devise reliable market forecasts and enhance customer service levels.
- Solution: Quantzig’s robust, data-driven Demand Forecasting plan.
- Business Impact: Achieved accurate demand forecasts, an 11% increase in operational efficiency, and a 15% reduction in inventory holding costs.
Discover how our tailored supply chain analytics solutions can bring efficiency, accuracy, and cost-effectiveness to your operations. Request a free proposal today.
Why Demand Forecasting in the Pharmaceutical Industry?
The pharmaceutical sector, characterized by its capital-intensive nature and stringent regulations, faces challenges such as the impact of globalization and varying compliance requirements across countries. To navigate these complexities and streamline supply chain management, demand forecasting becomes imperative. This case study elucidates the pivotal role demand forecasting plays in addressing these challenges and optimizing pharmaceutical supply chains.
Client Discovery and Business Challenge:
Learn how the client, driven by a commitment to innovative medicines and global healthcare access, approached Quantzig after attending a webinar on supply chain analytics. The case study details the client's specific business challenge—improving market forecasts and elevating customer service levels.
Solution Offered:
Quantzig’s experts devised a comprehensive five-step Demand Forecasting plan. From defining the market and analyzing demand drivers to conducting sensitivity analysis and creating the final demand forecast, this section provides insights into the innovative approach taken to address the client’s unique requirements.
Business Impact and Results:
Discover the tangible outcomes of Quantzig’s Supply Chain Analytics solutions for the pharmaceutical client. The case study highlights the significant achievements, including reduced product lead times, an 11% boost in operational efficiency, and a notable 15% reduction in inventory holding costs.
Why Choose Quantzig’s Supply Chain Analytics Solutions?
Learn about Quantzig’s extensive experience as a full-service advanced analytics and business intelligence solution provider. With a track record of delivering in-depth solutions across various industries, Quantzig stands as a leader in providing actionable insights and driving continuous business excellence through advanced supply chain analytics.
Unlock the potential of your pharmaceutical supply chain with Quantzig’s expertise. Connect with our analytics experts today.
