Roambee offers verifiably better supply chain visibility on demand, for on-time, in-full, in-condition delivery of shipments and assets anywhere in the world. 300+ enterprises are improving customer experience, service levels, product quality, cash cycles, business efficiencies, sustainability, and automating logistics with Roambee’s real-time insights & foresights. More than 50 of them are the top 100 global companies in the Pharma, Food, Electronics, Chemicals, Automotive, Packaging & Containers, and Logistics sectors. Roambee’s innovative AI-powered platform, and end-to-end monitoring solutions, deliver curated and highly accurate supply chain signals built on item-level, firsthand IoT sensor data and non-sensor inputs. The outcome is better multimodal ETAs, OTIF deliveries, 80%+ cold chain compliance, and more, including 4X+ ROI on supply chain assets by optimising utilisation and inventory levels. Gartner identifies Roambee as one of the 9 global supply chain technology companies in “2021 Gartner Tracking and Monitoring Business Process Context: Magic Quadrant for Real-Time Transposition Visibility Platforms.
A pharma giant recently overcame its supply chain security and inventory management challenges and optimised their logistics using the power of real-time logistics visibility. This company, which is one of the 20 largest pharma brands in the world and was ranked #1 in Access to Medicine Index, they ensured product availability at each of their retail locations without overstocking at any of their 30 distribution centers in the region by using a robust pharma inventory management system. It achieved lean resilience by building an On-Time, In-Full (OTIF) delivery process across 10,000 shipments serviced by more than 11 transport partners using door-to-door shipment monitoring. Here’s the story of how they made it happen.
The Challenge: Drug Theft & Inefficient Pharma Inventory Management
The problem began when this pharma major noticed a drug security issue in its South Asian market. A full-truck load (FTL) was hijacked every year out of the 10,000 shipments dispatched.
In the world of pharma, theft is a serious issue, because it not only leads to loss of materials but also has a direct impact on human lives. Most of the drugs that are hijacked are often used to manufacture spurious contraband. This means that the drug manufacturer often faces legal repercussions in addition to a downfall in brand reputation. Vaccines were especially at risk for this pharma major because maintaining the right temperature would never be the hijacker’s priority. Every time a theft occurred, the pharma major had to blacklist the goods across its retailer networks and invest in a series of countermeasures to ensure the spurious drugs do not re-enter the market.
In addition to the theft problem, they were always in a dilemma about whether to run with ample buffer pharma inventory across their 30 distribution centers or move to a lean supply chain model. They wanted to run lean and save on inventory holding cost and working capital, but they did not have predictability of the arrival of transit inventory which increased the risk of stockouts.
The pharma company realised that they needed first-hand visibility into their shipments without relying on transporters or existing GPS/ELD devices on trucks, so the project could scale to 100% of their shipments.
They approached Roambee!
Roambee devised a multi-pronged approach to put the control back in the hands of the pharma company.
- Roambee used wireless sensors “Bees” to monitor the shipments’ location and condition without relying on any of the transport vendors.
- Roambee used real-time signals to prevent night-driving (between 11am to 5pm) in risk-prone areas that were heat mapped through customer inputs and pattern analytics.
- Roambee used live location data and analytics to accurately estimate the time of arrival (ETA) to all thirty distribution centers about incoming stock with their pharma inventory management system.
About Pharma Supply Chain and Logistics Innovation Programme 2022
Pharma Supply Chain and Logistics Innovation programme is a promising conference of World BI, focusing on different aspects of supply chain challenges especially during the COVID-19 pandemic. Get to know how supply chain professionals ensure the agility and visibility of the complex supply chains with the technological advancements in the world nowadays. Implement the robust supply chain plans as forecasted and monitoring the distribution network, keeping in mind the last mile delivery and patient centricity.
7th Pharma Supply Chain and Logistics Innovation Programme to be held in Basel, Switzerland on 10-11 May 2022.
8th Pharma Supply Chain and Logistics innovation Programme to be held in Munich, Germany on 23-24 November 2022.
This year Pharma Supply Chain and Logistics Innovation programme will come up with new flavors discussing all the challenges for a disrupted supply chain post covid, supply chain management and supply chain differentiation covering technological advancements. This conference is a blend of discussions featuring end-end supply chain, supply chain optimization, product security & authentication and regulatory compliance.
Speakers & delegates such as MSD, GSK, Novo Nordisk, Vifor Pharma, Bayer, Johnson and Johnson, Novartis, Cytvia, Clover Biopharma and many more are looking forward to joining this conference.