AI-Driven Autonomous Supply Chain Optimization in the Pharmaceutical Industry

AI-Driven Autonomous Supply Chain Optimization in the Pharmaceutical Industry

Client Overview

Our client specializes in producing critical care and chronic illness. They supply their medicine to over 20 countries and have a strong market presence. They have been working in this industry for over 30 years. This company distributes its products to hospitals, wholesalers, and pharmacists. Despite having a strong presence, they face growing challenges in their supply chain management in different countries of different countries.

They have been facing issues like demand variability, raw material shortage, shortage of medicines in some parts, and overstocking in some parts. This has increased their operational cost.

The Challenge

The client faced several difficulties despite their constant commitment to providing excellent service.

  1. There is inaccurate demand forecasting.
  2. Inventory management issues.
  3. Logistics delay.
  4. Frequent stockouts of fast-moving drugs.
  5. Overstock of slow movers.
  6. Inconsistent delivery times are affecting hospitals and pharmacies.
  7. High-value medicines, especially biologics and injectables, had strict shelf life constraints.
  8. Serving some countries was not profitable due to low volume and high transportation costs.

Success Metrics

Lower Inventory Costs
0 %
Improved Forecast Accuracy
0 %
Fewer Stockouts
0 %

Our Solutions

We offered them a cutting-edge multimodal AI solution designed to optimize their supply chain.

  • We have provided them with an AI-powered demand forecasting engine that analyzes the market trend and then forecasts demand based on the market trend and old sales records.
  • Dynamic inventory optimization AI calculates stock levels of different warehouses.
  • Rebalances stock in real-time sales and expiry, and a natural language interface for planners.
  • Analysis of areas in which they can supply their products easily by analyzing environmental conditions and the supply chain.

Achieved Results

The client’s supply change has improved through our AI-driven solutions. With our solutions, their inventory holding cost was reduced by 38 percent, their sales forecasting accuracy increased by 60 percent, and stockouts of critical drugs were reduced by 70 percent.