Supply Chain Data Management
Low digital maturity of interactions between Sponsors and CMOs, missing data, reporting, and data exchanges are all areas of focus in this workstream. Standardization to combat the multiple protocols that are currently experienced in the outbound supply chain will help to bring speed and efficiency.
Outbound supply chain data is a complex area, particularly regarding standardization, reporting and data exchanges
Accessing vendor data can be challenging. There is often missing data in the last mile, and companies ask for data in different ways, which is often available across different systems that don’t talk to each other. This makes it a time-intensive task to process and access the information required. How do you know which data and reporting is essential to run a business, and is it validated efficiently?
Industry collaboration will drive improvements and enhance performance
Creating common ‘Data Standards’ fit for data sharing recognized throughout the industry will increase the speed of delivery to market. Improving interactions between involved parties increases agility and speed and helps to reduce risk in the supply chain. Enhancing the quality of data available will reduce lead times for decision-making. With collaboration, we can realize a reduction in waste due to temperature excursions.
More related workstreams
Our workstreams focus on the areas with the greatest impact across the industry. Led by science, our members are problem-solving today’s sustainability issues. By working with the regulatory governance community, they are also creating future-ready outcomes for the industry.
To find out more about how BioPhorum can help your business, enter your details below and a member of our team will be in touch.