Inventory and Demand Forecast Visibility
Lack of visibility into and accurate analysis of inventory balances in supply and distribution to match with demand / production forecasts leads to large safety stock buffers, excess inventory levels and risk of regulatory non-compliance.
For accurate supply planning to ensure on-time, in-full product delivery, you need:
- Accurate and timely visibility into inventory balances for raw materials, API, bulk product and finished goods at all points in the supply network
- Accurate and timely visibility into inventory in all phases including on-hand, on-hold, in quality review
- Detailed views of materials produced and consumed data
- Accurate and timely forecast information from customers and channel partners
- Integration of inventory and consumption data into S&OP systems
Solution Vision
The TraceLink Life Sciences Cloud improves supply and demand planning based on accurate views of supply status integrated to true demand data:
- Precise, up-to-date inventory reconciliation between Life Science company and CMO/CPO supply partners
- Integrated access to demand planning data from channel partners and country affiliates
- Automated data capture eliminating manual data acquisition and re-entry
TraceLink Technology
Enable integrated end-to-end flow of serialized product identity, product pedigree and other traceability data:
- InfoExchange: “Integrate-once, interoperate-with-everyone” system to system transaction and information mapping to all supply partners
- Inventory Monitoring: Accurate, consolidated visibility into inventory balances across all states and external partners
- Production Tracking: Detailed data on production status, materials produced and consumed throughout production
Business Impact
- Precise inventory data improves S&OP / production planning and ordering
- Accurate inventory reconciliation improves financial control and ensures regulatory compliance
- Shared visibility and collaboration across production runs with supply partners increases outsourced manufacturing control and improves operational efficiency
- Consolidated, accurate views across all external production status improves supply management and optimizes supply / demand planning
