The 4 Biggest Supply Chain Challenges and How State-of-the-Art Systems Can Help You Navigate Them
The importance of functioning, efficient supply chains continues to be seen on a global scale as the world experiences inflation, market regulations, and other unforeseen issues. Today’s supply chains need to be resilient and rely on data and analytics to overcome these challenges — and the challenges that lie ahead.
For manufacturers to stay on top of and rectify issues as they arise requires an innovative third-party logistics partner with an experienced team. The 3PL provider needs to partner with manufacturers to understand their pain points, challenges, and future issues and offer solutions to their unique problems.
LogiCare3PL believes in high-quality customer service that takes on a true partnership mentality to help its customers optimize their supply chains wherever possible. Below are a few of the issues LogiCare3PL hears from its customers and how it solves them:
Challenge #1: Inventory management
Inventory management best practices are key to ensure manufacturers have a streamlined operation. Accurate demand planning is the foundation of inventory management, but fluctuating patient needs make it challenging to forecast and avoid oversupply or stockouts.
Timely inventory data gives manufacturers an accurate view of their current inventory and can help them make informed decisions on production schedules and future customer orders. A Warehouse Management System (WMS) automates inventory management and order fulfillment, reducing human error and improving the quality of service. LogiCare3PL’s robust data analytics and WMS allow customers to understand stock levels and ensure product fulfillment without additional costs.
Challenge #2: Lack of visibility
With end-to-end visibility into the supply chain, manufacturers can better understand their entire operation, improve efficiency, reduce risk, and better serve their end customers.
Real-time monitoring technology combined with a state-of-the-art WMS provides the end-to-end visibility manufacturers need. LogiCare3PL uses Advanced Track and Trace for Pharmaceuticals (ATTP) with immediate shipment visibility into serialized data and WMS systems to provide streamlined operations and proactively address issues. Furthermore, ATTP connects with the industry’s common serialization platforms including Tracelink, RFXCEL, and LSPedia.
With these technologies, LogiCare3PL can maintain strict quality control standards, understand and meet client needs, and continue to deliver specialty products with excellence.
Challenge #3: Generic solutions
Third-party logistics are not a one-size-fits-all solution. Instead, manufacturers need custom solutions that fit their specific business needs. This is especially true for smaller manufacturers. Their ideal 3PL partner should be nimble and flexible so their business can adapt quickly as patient needs change.
LogiCare3PL takes a consultative approach to logistics solutions. Its tenured team of industry professionals creates tailored solutions based on the needs of each manufacturer, which is not common when working with large 3PL providers. LogiCare3PL prides itself on its quality of service to ensure a streamlined supply chain.
Challenge #4: Risk management and resilience
Pharmaceutical manufacturers do not have the luxury of being able to halt shipments or product fulfillment during natural disasters or similarly catastrophic events. In reality, that is when their products are likely needed the most.
Working with a 3PL partner with strong risk management plans in place that can act quickly when these situations occur ensures manufacturers can continue to provide patients with the life-saving therapies they need. LogiCare3PL anticipates potential risks and works to solve problems for clients before they arise by having alternative solutions, including a disaster plan and business continuity policies and procedures, ready to ensure reliable product fulfillment.
Discover the difference of working with a 3PL that uses next-generation technology. Learn more about LogiCare3PL’s advanced technologies designed to optimize supply chains.