Transforming Pharma Supply Chains Using Data Analytics Unleashed for Enhanced Visibility and Competitiveness

Abstract

Supply chain visibility brings transparency and real-time information to the various stages of the supply chain. It gives a strategic advantage that empowers businesses to operate more efficiently, respond to changes quickly, and build more resilient and customer-focused supply chains. It contributes to overall supply chain excellence and competitiveness in the marketplace. This chapter explores different types of data analytical methods to enhance supply chain visibility in pharmaceutical industries. Methodology involves qualitative research study, where the data is derived from existing research papers, articles, and other web-based sources. The verified data is filtered and included in the chapter. A few potential analytical methods and their applications were described which were proven to enhance supply chain visibility. The methods focused are IoT, RPA, ANFIS, RFID, and blockchain along with their practical applications.