In the medical field, adequate inventory tracking can make a huge difference. A lack of supply puts patients’ lives at risk. An overwhelming amount of prescription drugs on hand increases the odds of unused, expired products and directly affects the bottom line. Inventory tracking needs consistency. Pharmaceutical inventory management Keeping [...]
Inflation puts extra strain on the pharmaceutical supply chain by causing delays in shipments and increasing transportation costs. This leaves small niche pharmaceutical companies in a tough position and forces many to reassess their business budget and expenses. They must find a way to improve operations while saving on costs in order to [...]
Patient care is reliant on an adaptive supply chain—healthcare’s backbone. A patient undergoing treatment needs a consistent supply of certain drugs. An elderly patient with physical restraints needs access to mobility aids such as walkers, wheelchairs, and rollators. An injured party rushed into the emergency room (ER) needs life-saving drugs and medical equipment [...]
The start of an above-average hurricane season presents new stressors for the pharmaceutical global supply chain. This in addition to the high consumer demand, labor shortages, and scarcity of raw materials, 2022 is already proving to be a year full of logistic obstacles. Hurricanes are just one of the severe weather threats to [...]
Acting as a vital link in the pharmaceutical supply chain, wholesale distributors ship essential products from manufacturers to pharmacies and other healthcare providers. They manage unique inventory demands to ensure that life-saving drugs are readily available for the patients who need them. The Pharmaceutical Supply Chain at a Glance Complex [...]
Severe weather, geopolitical tensions, and global pandemics—supply chain disruptions are inevitable. We have no control over when and where they take place. There’s no set schedule or guarantee that they’ll occur. We are only left with the option to prepare for the possibility. Here’s where having a solid contingency plan and pharmaceutical third-party [...]
When it comes to actively supporting efficient distribution efforts, technology can be accredited to helping build resiliency within the supply chain. Such advancements are responsible for reliable contingency plans, transparent consumer relations, and real-time communication. As a thriving pharmaceutical company, implementing the newest supply chain technology is key to staying a step ahead [...]
Even before the recent Russian incursion into Ukraine, global supply chains were stressed by various factors. Many companies and processors are still recovering from challenges—labor shortages and limited resources to name a few—caused by the 2020 pandemic. Now, we have geopolitical tension in Asia. The active fighting between Russian and Ukrainian forces is [...]
A pharmaceutical third-party logistics (3PL) provider makes it easier for pharmaceutical companies to keep their shelves stocked. Whether you manage a small or first-time launcher in the healthcare industry, people depend on you to give them access to the drugs they need to stay healthy. Unfortunately, that task takes considerably more effort than most [...]
A pharmaceutical third-party logistics (3PL) provider can dramatically reduce the costs of pharmaceuticals. From wholesale pharmacy suppliers to hospitals and healthcare providers to the patients in need, minimizing such costs is essential for everyone. The journey these drugs take defines the pharmaceutical supply chain. This includes the procurement of the raw ingredients, the manufacturer, [...]
In case of supply emergency, healthcare providers know who to call for unsurpassed performance.
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