Improving supply chain performance in a multinational pharmaceuticals company

Abstract

Supply chain management (SCM) is a set of approaches utilized to efficiently integrate suppliers, manufacturers, warehouses, and stores, so that merchandise is produced and distributed at the right quantities, to the right locations, and at the right time, in order to minimize system wide costs while satisfying service level requirements. It can be defined another way which is managing supply and demand, sourcing raw materials and parts, manufacturing and assembly, warehousing and inventory tracking, order entry and order management, distribution across all channels, and delivery to the customer. It is important to do right plan for getting best result in supply chain. To do right plan need to use some optimal tools like ABC Inventory, Critical Path Method (CPM), Materials Requirement Planning (MRP) and different forecasting techniques. Mentioned tools have been used in this report to analyze and show how they put vital impact in supply chain management (SCM) through demand planning, lead-time (LT) analysis and inventory classification.