Life sciences and consumer goods organizations constantly innovate product offerings to improve lives. These advancements, although beneficial, can be costly – in part due to the large extended supply chain required to deliver outcomes between suppliers and customers and along every point in between. Managing suppliers, contract manufacturing organizations, and other external members of the supply chain requires innovations in business processes and technology.
Evaluating the strength of your supply chain
Due to this segmented supply chain, as well as many organizations’ intelligent enterprise initiatives, coordination and communication across your ecosystem are necessary to contain costs, ensure quality, and meet on-time measures, asset utilization, and other metrics that define corporate performance.
- Are members of your supply chain (contract manufacturers, raw material suppliers, and logistics providers) as intelligent as your enterprise? They can be.
- Do these supply chain members make the best decisions, not just for your business, but also for the entire ecosystem? They should.
- Do you have the latest, greatest, and most accurate information to make informed decisions about your operations? You can.
GSK: Innovation for better outcomes
GSK, a multi-billion-dollar life sciences and consumer goods enterprise, operates three global businesses in the areas of pharmaceutical medicines for respiratory and viral diseases, vaccines to protect adults and children from meningitis and hepatitis, and consumer healthcare products for oral health and pain relief. The company strives to ensure that every employee is focused on innovation, performance, and trust.
With this foundation, GSK embarked on a digital transformation across 30 factories, 250 warehouses, and 30,000 products to fundamentally change the way that technology is delivered across the organization. Expected business benefits from this large-scale transformation included:
- Inventory reduction (and reduced obsolete inventory)
- Time savings
- Improved planning through visibility
Innovation in the supply chain
Like many other life sciences and consumer products organizations, GSK outsources a large portion of its supply chain where value can be maximized. While each member of the supply chain can thereby focus on its own core competencies, there is the potential for value leak.
Join Jonny Dent of GlaxoSmithKline, Sudy Bharadwaj of SAP Ariba, and Mandar Paralkar of SAP America as they discuss trends in the life sciences industry, as well as the challenges of sourcing and procurement that are addressed by SAP Ariba Supply Chain Collaboration. Register for this free webinar.