AI Visibility Slashes Pharma Delays 15%

A pharmaceutical company struggling with limited real-time supply chain visibility implemented an AI-driven solution, enabling proactive issue identification and resolution. This resulted in a 15% reduction in delays and disruptions.

Problem Statement:

A pharmaceutical company operating a complex supply chain with multiple stakeholders grappled with the following challenges:

● Limited Real-Time Tracking: Difficulty monitoring product movement hindered proactive problem-solving.
● Increased Delays & Disruptions: Lack of visibility raised concerns about product quality and patient care.
● Inefficient Inventory Management: Struggles to maintain optimal inventory levels led to stockouts and excess costs.
● Regulatory Compliance Obstacles: Difficulty meeting strict regulations due to limited supply chain transparency.
● Limited Process Optimization: Lack of performance data hampered efforts to improve efficiency.

Results:

☑️ 15% Reduction in Delays and Disruptions: Enhanced visibility enabled proactive issue identification and resolution.
☑️ Improved Customer Service: Accurate delivery estimates enhanced customer satisfaction.

AI Solution:

The pharmaceutical company implemented Omdena’s AI-driven solution by Omdena that leverages data from various sources, including sensors, IoT devices, and transportation systems, to provide a holistic, up-to-the-minute picture of the supply chain.

Implementation Steps:
1. Collaboration: Omdena partnered with the pharmaceutical company to identify specific areas within the supply chain requiring improved visibility.
2. Data Collection and Preparation: Diverse data sources were gathered and prepared to ensure compatibility with AI models.
3. AI Model Development and Evaluation: AI models were developed and rigorously tested to track and monitor pharmaceutical product movement in real-time effectively.
4. Integration with Existing Systems: To improve operational efficiency, the AI models were seamlessly integrated with the company’s existing supply chain systems.
This AI-powered solution transformed the pharmaceutical company’s supply chain operations, enabling proactive issue identification, enhanced customer service, and streamlined processes.

Reference:

1. AI-Driven Supply Chain Visibility Helps Pharmaceutical Company Reduce Delays and Disruptions by 15%

Industry: Pharmaceuticals
Vendor: Omdena
Client: Pharmaceutical Company