Question

discuss the strategies deployed by the teva pharmaceutical to support optimization of supply chain logistics??

Answer 1

Teva pharmaceuticals headquartered in Israel has operations in about 60 countries globally. Teva has an excellent integrated manufacturing facility and supply chain network across the globe. Everyday Teva reaches out to about 195 million patients across the world. Teva’s mission is to improve the lives of the patients and make life better for them. Its vision is to make medicines more affordable to millions of people located globally.

In order to pursue its vision, Teva had selected Kinaxis to enhance its supply chain network. With the help of Kinexis, Teva was able to get a greater control, transparency and visibility of the supply chain network. This led to increased collaboration and balance inventory efficiently. With the help of Kinaxis, Teva was able to enhance its supply chain capabilities such as efficient planning, advanced analytics to assess its operations, management lot-by-lot and also monitor product expiry dates. Teva’s management has stated that Kinaxis helps to have transparency and availability of information across the supply chain network which helps them to take right decisions at the right time. Kinaxis provides a cloud-based planning solutions. Kinaxis also offers an attribute-based planning solution to integrate the highly challenging planning rules such as FDA rules in pharmaceutical companies to enable them to be efficient in their operations.

Thus, Teva and Kinaxis’ combination enhances the supply chain capabilities to reach out millions of patients worldwide.

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