Although, many key decision makers in the pharmaceutical industry lack knowledge about the essentials of supply chain management. At PDS, we absolutely acknowledge that in fully understanding pharmaceutical demand management, we end up with improved coordination among organizational units, resulting in greater stability in the production plan. Forecasts at each separate location are often the least reliable; through aggregation, a more credible forecast can be generated. AT PDS we look at multiple products of a similar type across all locations, as a result a brand level forecast can be generated, further reducing variability and forecast error.
Implementing a good, systematic forecasting process is the foundation of a sound supply chain planning infrastructure. The benefits include:
• Reliable forecast.
• Greater stability of plans.
• Higher customer service levels.