The AI in Business Podcast Digitalization of Procurement and Supply Chain Functions in Life Sciences - with Vickram Srivastava of SUN Pharmaceuticals
Dec 3, 2024
Vickram Srivastava, Head of North American Supply Chain at SUN Pharmaceuticals, shares invaluable insights into the pharmaceutical supply chain landscape. He discusses the digital transformation in procurement and how automation is reshaping industry roles. The conversation highlights the significant impact of globalization and regulatory challenges, especially post-COVID-19. Vickram also explores how AI is enhancing decision-making and operational resilience in life sciences, making a case for the critical need for an integrated business planning strategy.
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Pharmaceutical Supply Chain Importance
- Pharmaceutical supply chains are crucial for delivering life-saving drugs to billions.
- Procurement is vital for ensuring quality and navigating complex regulations.
Industry 4.0 and Supply Chain Optimization
- Industry 4.0 technologies, like AI and machine learning, can optimize complex supply chains.
- Integrating these technologies allows for better collaboration and data-driven decisions.
Integrated Business Planning
- Implement an integrated business planning tool to break down silos and gain a unified view of the value chain.
- This approach ensures cost-effectiveness, quality, and timely drug delivery to patients.