Success Story Supply Chains
Accurate consumption forecasting and order quantity optimization are key success factors in today’s economy – especially in pharmaceutical wholesale. Forecasting item consumption is a challenging task because it is not only a question of how high demand will be in the future, but also when demand will occur. The application of state-of-the-art mathematical forecasting methods makes it possible to ensure the supply of medicines to a wide range of patient groups.
reduction of inventory levels with better service levels
For manufacturers to be able to offer a high level of service, they must be able to respond quickly to demands for over a million products.
In order to be able to plan and schedule correctly with the highest possible probability, forecasts for the future – based on historical data and external information – are prepared daily
For this order quantity optimization, quotas must be adhered to and factors such as replenishment times and storage capacities must be taken into account.
In order to achieve the desired level of service, the average stock levels in this case were 20% too high, especially for high-priced medicines.
Stock levels are monitored and continuously optimized
Various forecasting methods can be individually adapted and taken into account for each product
All data, analyses and forecasts are maintained in one tool
Fixed order quantities, individual order dates and vacation periods of suppliers are taken into account
Permanent monitoring of actual and target stock is possible
Calculation with the utilization of internal and external information and data
Massive cost reduction through better quantity calculation and optimization of warehouse space
Louis von Beaulieu
Phone: +49 160 90839756