Academic MBA Question:
Question: The globalization of drug supply and the
advent of game-changing technologies are reshaping the pharmaceutical industry,
for better and for worse. The pharmaceutical industry is one of the most
essential, fast-paced and regulated industries that exist.
Therefore, the absence of an efficient and
fit-for-purpose supply chain will have wide-reaching implications for
profitability, drug quality, innovation and ultimately, health outcomes. Pharma
has relied on outdated and overly-complex supply chain networks for too long.
To support people to live healthier and longer lives around the world, a
radical overhaul of the supply chain is needed to streamline processes, drive
efficiency and uphold quality. With the help of an example of a pharmaceutical
company elaborate on how it manages its supply chain effectively with the help
of Information Technology (IT)?
Academic Assignment Answer: