Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur.
Block quote
Ordered list
Unordered list
Bold text
Emphasis
Superscript
Subscript
Precise demand planning in the pharmaceutical industry is critical for ensuring the availability of life-saving medications, maintaining operational efficiency, and reducing costs. Pharmaceutical demand planning involves forecasting the need for various drugs while considering seasonal disease variations, regulatory changes, market competition, supply chain disruptions, and patient adherence trends.
Traditional demand planning methods often rely on siloed and error-prone Excel spreadsheets, which are becoming increasingly inadequate in addressing the complex challenges faced by the pharmaceutical industry. The Keyrus solution is designed with scalable model functionality to meet the unique demands of forecasting processes. With extensive experience in the life sciences sector, the implementation team understands these complexities and focuses on building demand forecasting models that are tailored to organizations, ensuring they are appropriately scaled and aligned with current goals.
Traditional demand planning tools and methods create significant operational obstacles for pharmaceutical companies. Data silos and fragmentation occur when different departments including sales, marketing, finance, and supply chain work in isolation, leading to fragmented data and misaligned plans. This separation results in inaccurate forecasts due to limited integration and lack of advanced analytics, which can cause stockouts or overproduction.
Inefficient collaboration through asynchronous and manual processes hinders effective teamwork, delaying decision-making and response to market changes. Regulatory non-compliance becomes a risk when organizations fail to quickly adapt to regulatory changes, potentially resulting in compliance issues, penalties, and operational disruptions. These problems lead to financial inefficiencies, increased risks, and compromised patient care, highlighting the urgent need for a more integrated and advanced demand planning solution.
The solution breaks down data silos and fragmentation by leveraging a unified platform where all relevant data sources are integrated into a single, cloud-based environment. This integration ensures that data from various departments such as sales, finance, supply chain, and marketing are connected and accessible in real time. Different teams can collaborate on the same data set, reducing inconsistencies and delays often caused by working in isolated systems or spreadsheets.
The approach includes building demand forecasting models tailored to each organization with appropriate scaling aligned to current goals. Beyond initial implementation, the solution continues to adapt and enhance these models as market conditions evolve and strategic priorities shift. Key functionalities include actuals integration for single source of truth, snapshots for preserving long-range plans, what-if scenarios for rapid analysis, real-time reporting, market categorization, statistical forecasting methodologies, and forecast lineage tracking.
The cloud-based solution delivers comprehensive improvements across pharmaceutical demand planning operations. Integrated real-time reporting capabilities reduce reliance on external tools such as Tableau, enabling core day-to-day summaries and accelerating the forecasting process. Teams gain the ability to accurately plan for patient demand and forecast revenue, ensuring organizations can meet market needs and maximize financial performance.
The solution provides seamless connection to upstream data, creating a single source of truth that enhances reliability and accuracy of forecasts. Organizations can preserve long-range plans with snapshots, enabling comparison of historical data with current projections and progress tracking over time. The platform empowers rapid generation and analysis of different scenarios, allowing informed decision-making and agile responses to market changes. Dynamic management reports automatically update with latest forecast inputs and actuals, empowering leadership with up-to-date insights for strategic decision-making while enabling continuous improvement of planning processes.
Access the full details of this key play, and have it on the go. Available as a PDF.
Have questions about our EPM solutions? Our team is ready to help you find the right approach for your business.
