Supply chain forecasting

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How the bioprocess industry has weathered the COVID-19 storm

The COVID-19 pandemic has created unprecedented stress on supply chains in nearly every global manufacturing segment. Bioprocessing and healthcare have been hit especially hard as suppliers struggle to find materials to meet the demand for COVID vaccines and therapeutics. On top of ongoing non-COVID biologics projects being manufactured, this has created serious supply chain stress. The bioprocessing industry has been instrumental in addressing...

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New value-add tools to complement BioPhorum’s forecast and demand planning toolkit

Since 2016, BioPhorum has improved forecast and demand planning working practices by helping manufacturers and suppliers achieve a more consistent, confident, and accurate approach that benefits the whole biopharmaceutical manufacturing industry. Ground-breaking deliverables include a maturity assessment tool (which is increasingly being used by biopharma suppliers and manufacturers to measure the current state of their forecasting and...

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Forecasting the future with BioPhorum’s Accuracy Calculator

Generating forecasts remains a thorny problem for many companies who often find the increased demand on the in-bound supply chain a challenge; this has been particularly obvious during the Covid-19 pandemic. BioPhorum’s Forecasting and Demand Planning Toolkit has made great strides in helping biomanufacturers and their suppliers have healthy and open discussions around producing reliable forecasts. Yet, industry often finds this crucial area...

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Forecast and Demand Planning toolkit

The checklist is a best practice checklist to define the recommended minimum required steps to generate a useful forecast. It is for companies moving towards mature demand forecasting practices, and biomanufacturers and suppliers with regular demand forecasting meetings. It should be used each time a new forecast is generated to ensure the key steps are carried out. The communications pack explains the recommended forecast and demand planning cycle of events, i.e. when you should sit down and talk, what you should talk about, what should be in the discussions, etc. This will help guide and structure the regular meetings between biomanufacturers and critical suppliers. Having a comprehensive framework for those meetings is essential, especially when discussing key materials. It includes everything from the minimum required agenda items and an action log template, to a forecast confidence ‘traffic light’ indicator and ‘hints and tips’ to get the most out of the pack.

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Supply chain, forecasting and demand planning solutions gain momentum

The relationship between suppliers and manufacturers is one of the most crucial in biopharmaceutical manufacturing. This is especially the case when forecasting and supply planning. Which is why the Forecasting and Demand Planning workstream has developed a set of tools to facilitate supplier-customer discussions, helping both parties find mutually beneficial solutions and build great commercial biological drug supply chains.

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