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Supply Chain Management IT solutions
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Question posted: 05 23 2008 22:49:43 +0000,
1 answers, 75 views, last activity
07 06 2010 20:18:08 +0000
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The current product discovery to launch of the product goes through various stages, groups and processes not to mention the government regulation and compliance.
Technology will definitely help in the following areas:
1) Streamlined processes
2) Increased collaboration
3) Product Lifecycle Management (PLM)
4) Bio-informatics
5) Integration of various systems – FDA currently accepts electronic submissions for drug approval process
6) Grid computing
The above are just a few and the obvious areas. The opportunities to implement and make the best of technology exist. Today, Pharma companies have woken up to the fact that they cannot continue the growth they have experienced for a century and need to rely on technology.
RFID is being used in Supply Chain Management to improve the distribution of the medicine.
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"How do you see Technology helping Pharmaceutical companies in reducing operational costs?"
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