Consulting Services for Life Sciences Industry
Organisations working in the area of Life sciences, especially those dealing with research, development, production, export or distribution of pharmaceutical drugs and formulations, can have an ongoing challenge or a constraint in one of the following areas:
Pharmaceutical manufacturing plants are characterized by a large number of dedicated product routings/flow lines coupled with a high degree of variability in manufacturing capacity (downtime and batch time) and RM availability. The practice of planning and scheduling of pharmaceutical manufacturing over long horizons result in piling up WIP over certain product routes. This in turn creates overloading of work centres in that route. At the same time, due to commonality of raw material, some of the other product routes/flow lines may be starving. This erratic starvation or overloading of work centres that pharmaceutical manufacturing plants often experience, leads to highly variable lead times and delays in order/batch completion. Expediting delayed orders force frequent changes in schedules. This causes capacity/output loss. Consequent issues pharma companies tend to face include exigency of new product launches, write offs/discounting of FG and expensive air freights. Sales and profitability of many Life sciences companies in this industry are steadily deteriorating even as the companies’ investment in inventory, capital costs, and operating expenses are increasing.
Find out how Vector’s pharma consulting services can enable Life science companies engaged in the manufacturing of pharmaceuticals to ensure 100% on-time-in-full deliveries at a significantly reduced lead time. Learn more about how companies can achieve this while they increase plant output and significantly lower working capital deployed in their businesses.Know More
- Reduction in overall lead time of pharmaceutical manufacturing by around 50%
- Increase in output of pharma plants by around 10-25%
- Reduction in WIP of pharmaceuticals by about 30-40%
- Improvement in working capital cycle of the pharmaceutical company
Research & Development
Generic Pharma R&D departments of Life sciences companies suffer perennial mismatch between capacity and load. This becomes more evident towards the end of second and fourth quarters of the year. Critical resources are extremely busy during these months.. In the first part of the year, the resources have to complete Exhibit Batch related tasks. At the end of the year, they have to attend to submission requirements followed by a spate of FDA queries. All these ‘urgent’ tasks have to be addressed by the same set of resources which are stretched beyond capacity. This is a problem that pharmaceutical companies have been unable to solve with traditional project management tools.
Vector Consulting uses principles of flow management to help pharma companies complete R&D projects at significantly lower lead times (without increase investment in resources).Know More
- Reduction in R&D project lead time by 33-50%
- Increase in R&D output by 30-50% (without additional resources)
- Clear visibility and control over progress of R&D projects
- Reduction in rework and improved quality of R&D output
- Rapid production stabilization
- Reduction in stress on people and other resources
International warehouses for generic pharmaceuticals, whether owned by a Life science company or maintained by a distribution partner in that country, need to maintain adequate stock so they (the warehouses) can meet the varying local demand and can offset the highly varying lead times of manufacturing and supply. This is a tightrope walk for them. Fear of sales loss and the heavy penalties on unavailability imposed by some countries force these warehouses to hold significantly high levels of pharmaceutical inventory. However, stocking too much inventory comes with the risk of much of these reaching near or crossing the expiration date. The distribution channel will be very reluctant to accept pharmaceutical stock nearing expiry. If the pharmaceuticals’ expiration date is crossed, the warehouse will have to destroy it!
Life science companies engaged in the manufacturing of generic pharmaceuticals can solve the ‘too much or too little’ conundrum by ensuring that their international warehouses have 100% availability at low inventory. Find out how with its expertise in harmonizing supply chain operations, Vector Consulting can help companies achieve this.Know More
- Improvement of availability of generic pharmaceuticals in international warehouses to near 100%
- Reduction in pharmaceutical inventory in international warehouses by about 50%.
- Elimination (or reduction) of the need for inventory liquidation sales/ destruction of expired pharmaceuticals.
- Improvement in working capital cycle of the Life sciences company
Using the principles of flow, Vector Consulting has helped many pharma and Life science companies to build agile operations and to significantly increase R&D output.
Major multi-national pharmaceutical company
Indicators Remark Annual increase in R&D output > 110% Total lead time Reduced by ~50% Formulation development cycle time (start to EB completion) Reduced by 58% Lab-scale development cycle time Cut by 57% Turnaround time of analytical test Reduced by 54%
This major Life science company engaged in the manufacturing of generic pharmaceuticals achieved phenomenal improvements in research and development with the help of Vector’s pharmaceutical consulting expertise.
What stage is your plant in?
To understand how pharmaceutical manufacturing plants (in Stage 1) can quickly reduce capacity wastage by introducing new products, visit this linkFIND OUT
Pharmaceutical manufacturing units (in Stage 2 and Stage 3) can align operations to increase plant utilisation and improve productivity. Find out how FIND OUT
Vector Consulting, has partnered with major names in the pharmaceutical industry to create and implement radical solutions which have helped redefine pharma industry benchmarks. These names include: Strides, Ajanta Pharma, Lupin Laboratories, Sun Pharmaceuticals and Dr. Reddy’s Laboratories