Navigation Links
IBM Study Reveals Drug Companies Struggle to Improve Supply Chain to Battle Counterfeiting, Safety Concerns and Global Complexity
Date:9/9/2009

  • Monitoring risk to prevent counterfeiting, drug and device recalls, or even the loss of intellectual property, is a priority for 75 percent of executives, as margins become slimmer and supply chain complexity rises. Three-quarters have risk and performance initiatives such as surveillance programs, anti-tamper devices and specialized labeling, but with mixed results.
  • 46 percent consider vendor-managed inventory for their customers extremely effective but only 4 percent use it to ensure they are precisely meeting customer demands for products
  • 65 percent collaborate with suppliers on demand planning but only 31 percent do so with customers, often resulting in an overstock of supplies or missed sales targets
  • Compared to 18 other key industries, the life sciences business is one of the most highly globalized, particularly in the area of Research and Development. From a supply chain perspective, the industry is not as advanced. In general, global sourcing brings with it challenges including daunting capacity, quality, lead times and delivery issues. For the life sciences industry, seventy-six percent of respondents suffer quality issues linked to global sourcing while nearly fifty percent reported increased sales from their globalization efforts due to the growing population of consumers in rapidly developing markets.

    More pharmaceutical companies are selling drugs, devices, therapies and services supplied by different partners. They are also serving smaller patient segments, rather than relying on major new drug discoveries that drive revenue over many years. The IBM study underscores the fact that drug manufacturer supply chains need to be more interconnected and intelligent, equipped with sensors and smart devices that share data so they can rapidly change their business models to address new market opportunities.

    "As the industry faces a time of tr
    '/>"/>

    SOURCE IBM
    Copyright©2009 PR Newswire.
    All rights reserved

    Page: 1 2 3 4

    Related medicine news :

    1. Peter G. Peterson Foundation Releases The Lewin Group Study Showing Current House Health Care Reform Proposal Would Lead to Expanded Coverage and Higher Costs
    2. Nicotine Plays Tricks on Brain: Study
    3. Study reveals new role of vitamin C in skin protection
    4. Major clinical study rejects cancer safety fears of most common heartburn treatment
    5. Regado Biosciences Announces First Patient Enrolled in RADAR (Phase 2b) Study of REG1 Anticoagulation System
    6. Study: Hairstylists can help identify older clients who need health services
    7. Trial Lawyer TV Ads for Medical Malpractice Lawsuits Grew 1,400 Percent in Last Four Years, Study Shows
    8. Newly Published Clinical Study Finds New Commercial Diet Program Superior to Standard Protocol for Diabetes Weight Loss and Blood Sugar Control
    9. Colon Cancer Screenings Still Too Low: Study
    10. Medical Student Wins Travel Scholarship to Kenya to Study Operative Care in Africa
    11. Single Parents May Do as Well as Two: Study
    Post Your Comments:
    *Name:
    *Comment:
    *Email:
    (Date:8/30/2014)... 2014 Hastings and Hastings, a qualified ... throughout Arizona is pleased to report having saved a ... example among many cases where Hastings and Hastings has ... retain a greater portion of their settlement or recovery. ... a positive solution for Arizona car accident victims is ...
    (Date:8/30/2014)... a plant-based medication commonly used to treat gout, ... in reducing potential complications from this type of ... gastrointestinal adverse effects, according to a study published ... released early online to coincide with its presentation ... Common complications after cardiac surgery include postpericardiotomy syndrome ...
    (Date:8/30/2014)... 30, 2014 "My niece developed a ... at any moment, her fever might get worse," said ... me well aware of how she was doing, I ... ALARM to continuously monitor a child's temperature. The unit ... This ensures that prompt medical care can be given, ...
    (Date:8/30/2014)... New York (PRWEB) August 30, 2014 ... company, Profit By Search announces the Labor Day ... the clients will surely get the complete services related ... as SEO professionals, Content Writers, and others do have ... to perfection that reflects in their work and since ...
    (Date:8/30/2014)... Pittsburgh, PA (PRWEB) August 30, 2014 "I ... beach because of her crutches," said an inventor from Wetumpka, ... the sights and sounds of the shore, I came up ... beach sand." , She created a prototype for the patent-pending ... The accessory enables the individual to use crutches, walkers, or ...
    Breaking Medicine News(10 mins):Health News:Hastings and Hastings Is Pleased To Report Having Saved A Client $67,100 On A Settlement Of $610,000 2Health News:Medication shows mixed results in reducing complications from cardiac surgery 2Health News:Profit By Search Announces Labor Day Discount on SEO Services 2
    ... May 2 (HealthDay News) -- The costs of treating and ... million a year, a new study finds. It also ... the mosquito-borne disease could save $5 in illness-related costs. ... by government (24 percent), insurance companies (22 percent) and employers ...
    ... a big fan of bacon or ham? Your genes might ... 70 percent of participants had two functional copies of a gene ... receptor is attuned to a compound in male mammals called androstenone, ... people were asked to smell pork. Those with either one or ...
    ... HealthDay Reporter , WEDNESDAY, May 2 (HealthDay News) -- ... woman to woman and can even change dramatically in ... new analysis reveals. The findings are likely ... infections that currently prevails among obstetricians and gynecologists. ...
    ... HealthDay Reporter , WEDNESDAY, May 2 (HealthDay News) -- ... to wipe out stray cancer cells, a treatment that comes with ... a safer, lower dose of radioactive iodine is just as effective ... that remain after surgery. The research also found that patients ...
    ... of California, Davis, are among 12 scientists selected to ... this year. The awards provide $100,000 of direct support ... videoconferencing equipment for periodic communications with the foundation and ... UC Davis Hartwell Foundation postdoctoral researcher with $50,000 per ...
    ... A pioneering approach to imaging breast cancer in mice has ... fails to attack tumors and keep cancer in check. This ... (UCSF), may help to reveal new approaches to cancer immunotherapy. ... month, the work shows that the body,s natural defenses trip ...
    Cached Medicine News:Health News:Dengue Fever a Major Cost Burden in Puerto Rico 2Health News:Study Redefines What a Healthy Vagina Is 2Health News:Study Redefines What a Healthy Vagina Is 3Health News:Lower-Dose Radioiodine Effective Against Thyroid Cancer 2Health News:Lower-Dose Radioiodine Effective Against Thyroid Cancer 3Health News:Lower-Dose Radioiodine Effective Against Thyroid Cancer 4Health News:Biomedical researchers receive Hartwell Foundation awards 2Health News:Biomedical researchers receive Hartwell Foundation awards 3Health News:'Thin red line' around breast cancer 2Health News:'Thin red line' around breast cancer 3
    (Date:8/29/2014)... , Aug. 29, 2014  In part ... to leverage a hospital pharmacy as a strategic asset, ... national practice leader for Cardinal Health,s Innovation Delivery Solutions ... care can benefit both hospitals and patients. ... only one part of their job in a value-based ...
    (Date:8/29/2014)... August 29, 2014 Pixcelldata, the ... software has announced a major new deal with Dutch ... renowned pathology expert, Dr. Marius Nap . ... 26th European Congress of Pathology which is taking placing ... Arena, London where Pixcelldata will ...
    (Date:8/28/2014)... Reportlinker.com announces that a new market ... North America Aesthetic Lasers and Energy Devices ... http://www.reportlinker.com/p02343466/North-America-Aesthetic-Lasers-and-Energy-Devices-Market-Outlook-to-2020.html North America Aesthetic Lasers ... Summary GlobalData,s new report, "North America Aesthetic ... provides key market data on the North America ...
    Breaking Medicine Technology:Five Ways Hospital Pharmacies Can Fulfill Their Quality Care Mission 2Five Ways Hospital Pharmacies Can Fulfill Their Quality Care Mission 3Five Ways Hospital Pharmacies Can Fulfill Their Quality Care Mission 4Pixcelldata Announces New Deal with Dutch Tele-Pathology Specialists eX-Path Ahead of ECP 2014 2North America Aesthetic Lasers and Energy Devices Market Outlook to 2020 2North America Aesthetic Lasers and Energy Devices Market Outlook to 2020 3North America Aesthetic Lasers and Energy Devices Market Outlook to 2020 4North America Aesthetic Lasers and Energy Devices Market Outlook to 2020 5North America Aesthetic Lasers and Energy Devices Market Outlook to 2020 6North America Aesthetic Lasers and Energy Devices Market Outlook to 2020 7North America Aesthetic Lasers and Energy Devices Market Outlook to 2020 8North America Aesthetic Lasers and Energy Devices Market Outlook to 2020 9North America Aesthetic Lasers and Energy Devices Market Outlook to 2020 10North America Aesthetic Lasers and Energy Devices Market Outlook to 2020 11North America Aesthetic Lasers and Energy Devices Market Outlook to 2020 12North America Aesthetic Lasers and Energy Devices Market Outlook to 2020 13North America Aesthetic Lasers and Energy Devices Market Outlook to 2020 14North America Aesthetic Lasers and Energy Devices Market Outlook to 2020 15North America Aesthetic Lasers and Energy Devices Market Outlook to 2020 16
    ... of directors of Eli Lilly and Company (NYSE: LLY ) today declared a dividend for the ... , , The ... August 13, 2010 . , , , ... , , Lilly, a ...
    ... RATON, Fla. , June 21 TMS Health, a ... facility in Moosic, PA. , ... TMS Health has enjoyed strong growth ... effectively extend the sales and marketing reach of its clients. The ...
    Cached Medicine Technology:TMS Health Announces New State-of-the Art Facility in Moosic, PA 2
    Operate with confidence. Autosuture is advancing the sate of both open and minimally invasive surgery by providing surgical tools that feel right, function right, and facilitate the right outcome eve...
    ... order products are offered as 1-piece or ... The modular instruments may be customized with ... as ratchets, insulation and flush ports. Many ... Customer specifications may affect delivery times. ...
    Operate with confidence. Autosuture is advancing the sate of both open and minimally invasive surgery by providing surgical tools that feel right, function right, and facilitate the right outcome eve...
    ... products are offered as 1-piece or modular, ... modular instruments may be customized with handles ... ratchets, insulation and flush ports. Many standard ... specifications may affect delivery times. , ...
    Medicine Products: