Covid 19 has been tough on supply chains. However, it has given the companies a tremendous opportunity to raise their response level and mitigate their risk in future crises.
A major shift in paradigm in supply chain planning solutions through the use of AI and Machine learning as well as availability of data and fats processors.
As we get older and more sophisticated, we become better “planners,” for two reasons: our ability to form more accurate models of the world around us and to have the ability to make predictions based on our past experiences.
Most pharmaceutical companies use S&OP systems in order to perform long term planning of their production. Inventory is a necessary evil.