Case Study: Streamlining Speed to Market
The pharmaceutical industry is constantly evolving, with new drugs and therapies coming to market all the time. For one leading multinational pharmaceutical company, the challenge was to streamline their supply chain to allow for greater flexibility and faster product positioning. Their solution? A partnership with UPS Healthcare that allowed them to take advantage of U.S. warehousing and outbound transportation, while also leveraging healthcare-dedicated logistics facilities to stage and fulfill orders quickly and efficiently.
Thanks to this partnership, the pharmaceutical company achieved a 20% cost savings for transportation and distribution-related expenses over its previous operations. They were also able to streamline order processing, which previously took two to three days, to same-day fulfillment. This was achieved through the use of information inserts and a comprehensive inventory tracking system, which allowed for rapid response to FDA afternoon-approval letters, triggering staffing for same-day order drop.
With UPS Air Express package and UPS Ground and UPS Freight? LTL delivery, the pharmaceutical company was able to successfully launch new generic products with ease. The ability to quickly position new products and reduce lead times to get product to the U.S. market gave the company a significant competitive advantage in the industry.
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