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Discuss and describe key trends affecting pharmacy administration toward achieving operational excellence. What affect does these...

Discuss and describe key trends affecting pharmacy administration toward achieving operational excellence. What affect does these trends have on the pharmaceutical supply chain?

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Some of the keay features in area of administration of pharma industries are

  • Big data and cloud computing: Medical records and other information are now scaleup to next level which uses big data analytics and cloud computing. This helps in deriving useful insights and decision making.
  • Precision medicine:- Customized medicine , treatment practices has changed the traditional approach of pharma.
  • Industry regulations:-FDA ensuring the quality of drugs have changed the entire dynamics of pharma industry

Supplychain of pharma become more flexible and has to be much more demanding. This helps in better sourcing policies and maintaining proper packaging and minimial lead time approach for the products. Increasing competition results in better supplychain as one of their key competitive advantage.

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