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Whether it’s pharmaceuticals, vaccines, generics, animal health products or the supply of medical consumables to the NHS, the current phrase on everyone’s lips is ‘supply chain disruption’.
European companies in particular are looking to source from an ever-wider range of suppliers and countries, adding more and more complexity into supply chains.
Today, speed of supply isn’t always the most important factor for organisations; with many prioritising supply chain resilience instead. Given current supply chain constraints, companies are having to make challenging decisions on where, how and when to move their goods, simply to balance the risks involved. Trade-offs between cost of supply and customer service are now also finely balanced.
The short answer is don’t abandon your KPIs. Setting up and maintaining key performance indicators is the only way to check and improve processes to ensure visibility of supply chain performance. Once effective KPIs are in place, you have to actively use them! Regular analysis of KPIs is an important driver in the quest to maintain and improve each step of the supply chain both locally and globally. With metrics in place, supply chain professionals can gain an edge by actively reducing costs to their business whilst simultaneously fine-turning service to the end user.
Maintaining better supply chain resilience is ultimately all about data.
At Ligentia, our analytics capability all links back to the vast range and amount of data we hold within our proprietary software, Ligentix. It empowers the performance measurement of supplier, carrier, haulier, 3rd parties as well as our own delivery of milestones along each critical path.
In summary Ligentix delivers three unique points of value to our customers:
For more information on how to mitigate your healthcare supply chain risk, click here to get in touch.